Economy Of The United States Wikipedia

Leo Migdal

-Dec 3, 2025, 1:33 PM

The United States has a highly developed diversified market-oriented mixed economy.[37][38][39] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP).[40] As of 2025, it has the... accounted for 14.8% of the global aggregate GDP in 2024 in purchasing power parity terms and 26.2% in nominal terms.[41][42] The U.S. dollar is the currency most used in international transactions and the world's foremost reserve currency, backed by a large U.S. treasuries market, its role as the reference standard for the petrodollar system, and its linked eurodollar.[43] Several countries use it as their official currency and in others it is the de facto currency.[44] Since... The American economy is fueled by high productivity, well-developed transportation infrastructure, and extensive natural resources.[45] Americans have the sixth highest average household and employee income among OECD member states.[46] In 2021, they had the... trading partners are Mexico, Canada, China, Japan, Germany, South Korea, the United Kingdom, Taiwan, India, and Vietnam.[51] The U.S.

is the world's largest importer and second-largest exporter.[52] It has free trade agreements with several countries, including Canada and Mexico (through the USMCA), Australia, South Korea, Israel, and several others that are in effect... has a highly flexible labor market, where the industry adheres to a hire-and-fire policy, and job security is relatively low.[54][55] Among OECD nations, the U.S. has a highly efficient social security system; social expenditure stood at roughly 30% of GDP.[56][57][58] The United States is the world's largest producer of petroleum, natural gas, and blood products.[59][60] In 2024, it was the world's largest trading country,[61] and second-largest manufacturer, with American manufacturing making up a fifth... has the largest internal market for goods, and also dominates the services trade. Total U.S.

trade was $7.4 trillion in 2023.[63] Of the world's 500 largest companies, 139 are headquartered in the U.S.[64] The U.S. has the world's highest number of billionaires, with total wealth of $5.7 trillion.[65] U.S. commercial banks had $22.9 trillion in assets in December 2022.[66] U.S. global assets under management had more than $30 trillion in assets.[67][68] During the Great Recession of 2008, the U.S. economy suffered a significant decline.[69][70] The American Recovery and Reinvestment Act of 2009 was enacted by the United States Congress, and in the ensuing years the U.S. experienced the longest economic expansion on record by July 2019.[71][72][73][74]

The New York Stock Exchange and Nasdaq are the world's largest stock exchanges by market capitalization and volume of transactions.[75][76] The U.S. has the world's largest gold reserves, with over 8,000 tonnes of gold.[77] In 2014, the U.S. economy was ranked first in international ranking on venture capital[78] and global research and development funding.[79] As of 2024, the U.S. spends around 3.46% of GDP on cutting-edge research and development across various sectors of the economy.[80] Consumer spending comprised 68% of the U.S. economy in 2022,[81] while its labor share of income was 44% in 2021.[82] The U.S. has the world's largest consumer market.[83] The nation's labor market has attracted immigrants from all over the world and its net migration rate is among the highest in the world.[84] The U.S.

is one of the top-performing economies in studies such as the ease of doing business index, the WEF Global Competitiveness Report, and others.[85] The economic history of the United States began with British settlements along the Eastern seaboard in the 17th and 18th centuries. After 1700, the United States gained population rapidly, and imports as well as exports grew along with it. Africa, Asia, and most frequently Europe, contributed to the trade of the colonies.[86] These 13 colonies gained independence from the British Empire in the late 18th century[87] and quickly grew from colonial economies towards... The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP.

Until the end of the Civil War, slavery was a significant factor in the agricultural economy of the southern states, and the South entered the second industrial revolution more slowly than the North. The US has been one of the world's largest economies since the McKinley administration. Prior to the European conquest of North America, Indigenous communities led a variety of economic lifestyles. Some were primarily agrarian whereas others prioritized hunting, gathering and foraging. While some early scholarship characterized these communities as non-market, more recent scholarship has made note of substantial and wide-ranging trade networks.[4] In particular, much of the Mississippian drainage basin was characterized by settled agriculture and large towns in the pre-colonial period.

According to a 2023 study, the plains were dominated by "organized, complex agricultural communities with settled populations that had opened and cleared land, domesticated plants, crafted irrigation systems, and determined the best rotation and... The colonial economy of what would become the United States was pre-industrial, primarily characterized by subsistence farming. Farm households also were engaged in handicraft production, mostly for home consumption, but with some goods sold, mainly gold.[5] The colonial economy had an abundance of land and natural resources, and a severe scarcity... This was the opposite of Europe and attracted immigrants despite the high death rate caused by New World diseases. From 1700 to 1774, the output of the thirteen colonies increased 12-fold, giving the colonies an economy about 30% the size of Britain's at the time of independence.[5]: x-1 Population growth was responsible for over three-quarters of the economic growth of the British American colonies.

The free white population had the highest standard of living in the world.[5][6] There was very little change in productivity and little in the way of introduction of new goods and services. Under the mercantilist system, Britain restricted the products that could be made in the colonies, and imposed high protective tariffs and other restrictions on trade outside the British Empire. This article contains economic statistics for the United States dating back to 1929. Included are relevant statistics about GDP, personal income, household wealth, international trade, government finance, labor, industry and agriculture. The following table shows the development of the different important indicators of the US economy over time, including nominal and real GDP. Green and red arrows in the table are showing decreasing/increasing values or positive/negative values.

Inflation over 2% is shown in red. The following table shows the development of the different important indicators of the US Government, including government debt and the budget balance. Green and red arrows in the table are showing decreasing/increasing values or positive/negative values The following table shows the development of the different important indicators of external economic transactions, including international trade. Green and red arrows in the table are showing decreasing/increasing values or positive/negative values@media screen and (min-width:640px){.mw-parser-output .sticky-header>thead>tr:first-child,.mw-parser-output .sticky-header>caption+tbody>tr:first-child,.mw-parser-output .sticky-header>tbody:first-child>tr:first-child,.mw-parser-output .sticky-header-multi>thead{position:sticky;top:0;z-index:10}body.skin-timeless .mw-parser-output .content-table-wrapper.overflowed .sticky-header>thead>tr:first-child,body.skin-timeless .mw-parser-output .content-table-wrapper.overflowed .sticky-header>caption+tbody>tr:first-child,body.skin-timeless .mw-parser-output .content-table-wrapper.overflowed .sticky-header>tbody:first-child>tr:first-child,body.skin-timeless .mw-parser-output .content-table-wrapper.overflowed .sticky-header-multi>thead{position:static}.mw-parser-output .sticky-header:not(.wikitable),.mw-parser-output... The following table shows the development of the different important indicators of the private sector, including corporate profits, bankruptcies and domestic net investment.

Green and red arrows in the table are showing decreasing/increasing values or positive/negative values The economy of the United States is divided into economic sectors. The North American Industry Classification System (NAICS) was developed in 1997 and is used by the United States Census Bureau and U.S. Securities Exchange Commission (SEC). The United States Census Bureau currently conducts a comprehensive Economic Census[1] every five years. The results of this survey are tabulated according to the NAICS and provide statistics about the U.S.

economy. The most recent data are from 2007.[2] The 2012 Economic Census is underway with the initial results to be available in December 2013.[3] The Census Bureau releases sector-by-sector statistics on the number of establishments, total business activity, annual payroll, and number of paid employees. A standardized classification of the economy into sectors makes it possible to compare census results over time. However, to reflect the evolving nature of the economy, the NAICS is updated every five years. Therefore, when comparing different censuses, a particular NAICS basis is usually specified.

The following data are based on a comparison of the 2007 and 2002 censuses using the 2002 NAICS basis and an older comparison of the 1997 and 2002 censuses using the older 1997 NAICS... Thus, (*) the 1997 data are based on a slightly different classification than the 2007 and 2002 data. The economy of the United States is the world's largest national economy and the world's second-largest overall economy, the GDP of the European Union being approximately $2 trillion larger. The nominal GDP of the United States was estimated to be $21.4 trillion in 2019,[1] approximately a quarter of nominal global GDP.[2] Its GDP at purchasing power parity is the second-largest in the world,... It has approximately a fifth of global GDP at purchasing power parity.[2] BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals.

These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts. This category has the following 45 subcategories, out of 45 total. The following 87 pages are in this category, out of 87 total. This list may not reflect recent changes.

Economy Of The United States Wikipedia

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