Economic Trivia

Imported oil accounts for nearly 55% of US consumption.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): Canada, Mexico, and China
Top 3 Exported Goods (2019): Industrial Machinery, Oil & Mineral Fuels, and Electrical Machinery

Top Industries Source: CIA World Factbook

Petroleum; Steel; Motor Vehicles; Aerospace; Telecommunications; Chemicals; Electronics; Food Processing; Consumer Goods

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $21,433,226,000,000 (2019)
GDP Growth Rate (annual %) 2.161% (2019)
GDP Per Capita, PPP (current international) $65,298 (2019)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 2/196 (2019)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.812% (2019)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 36.6% (2019)
Real Interest Rate (5 year average %) 3.277% (2019)
Manufacturing, value added (% of GDP) 11.259% (2018)
Current Account Balance (BoP, current US$) ($480,228,000,000) (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 166,499,849 (2020)
Employment in Agriculture (% of total employment) 1.312% (2020)
Employment in Industry (% of total employment) 19.705% (2020)
Employment in Services (% of total employment) 78.983% (2020)
Unemployment Rate 3.862% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $3,125,221,000,000 (2019)
Exports of goods and services (current US$) $2,514,751,000,000 (2019)
Total Merchandise Trade (% of GDP) 0% (2019)
FDI, net inflows (BoP, current US$) $351,631,000,000 (2019)
Commercial Service Exports (current US$) $853,275,000,000 (2019)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, United States’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank