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    United States - Economy
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    How is the economy of United States? Based on the information we have, United States has a <p>world’s largest economy by nominal GDP; largest importer and second-largest exporter; home to leading financial exchanges and global reserve currency; high and growing public debt; inflation moderating but remains above pre-pandemic levels</p>. Key agricultural products in this country include: maize, soybeans, milk, wheat, sugar beets, sugarcane, potatoes, chicken, pork, tomatoes (2023).
    More about the economy of United States
    Labor force 174.174 million (2024 est.)
    Industrial production growth rate 3.25% (2021 est.)
    Industries highly diversified, world leading, high-technology innovator, second-largest industrial output in the world; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining
    Population below poverty line N/A
    Taxes and other revenues 10.6% (of GDP) (2023 est.)
    Fiscal year N/A
    Exchange rates
    Reserves of foreign exchange and gold
    Reserves of foreign exchange and gold 2024$910.037 billion (2024 est.)
    Reserves of foreign exchange and gold 2023$773.426 billion (2023 est.)
    Reserves of foreign exchange and gold 2022$706.644 billion (2022 est.)
    Current account balance
    Current account balance 2024-$1.134 trillion (2024 est.)
    Current account balance 2023-$905.378 billion (2023 est.)
    Current account balance 2022-$1.012 trillion (2022 est.)
    Public debt
    Public debt 2023114.8% of GDP (2023 est.)
    Budget
    Revenues$4.877 trillion (2023 est.)
    Expenditures$6.857 trillion (2023 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 20240% of GDP (2024 est.)
    Remittances 20230% of GDP (2023 est.)
    Remittances 20220% of GDP (2022 est.)
    Household income
    Lowest 10%1.8% (2023 est.)
    Highest 10%30.4% (2023 est.)
    Average household expenditures
    On food6.8% of household expenditures (2023 est.)
    On alcohol and tobacco1.9% of household expenditures (2023 est.)
    Imports
    Imports 2024$4.108 trillion (2024 est.)
    Imports 2023$3.857 trillion (2023 est.)
    Imports 2022$3.984 trillion (2022 est.)
    Imports (partners)Mexico 15%, China 15%, Canada 14%, Germany 5%, Japan 5% (2023)
    Comodities Imports forcecars, crude petroleum, broadcasting equipment, computers, garments (2023)
    Exports
    Exports 2024$3.191 trillion (2024 est.)
    Exports 2023$3.072 trillion (2023 est.)
    Exports 2022$3.039 trillion (2022 est.)
    Exports (partners)Canada 14%, Mexico 13%, China 8%, Germany 5%, Japan 4% (2023)
    Comodities Exports forcecrude petroleum, refined petroleum, natural gas, gas turbines, cars (2023)
    Real GDP (purchasing power parity)
    Real GDP (purchasing power parity) 2024$25.676 trillion (2024 est.)
    Real GDP (purchasing power parity) 2023$24.977 trillion (2023 est.)
    Real GDP (purchasing power parity) 2022$24.276 trillion (2022 est.)
    GDP (official exchange rate)$29.185 trillion (2024 est.)
    Real GDP Per capita
    Real GDP per capita 2024$75,500 (2024 est.)
    Real GDP per capita 2023$74,200 (2023 est.)
    Real GDP per capita 2022$72,700 (2022 est.)
    GDP - composition, by sector of origin
    Agriculture0.9% (2024 est.)
    Industry17.3% (2024 est.)
    Services79.7% (2024 est.)
    GDP - composition, by end use
    Household consumption67.9% (2024 est.)
    Government consumption13.4% (2024 est.)
    Investment in fixed capital21.6% (2024 est.)
    Investment in inventories0.1% (2024 est.)
    Exports of goods and services10.9% (2024 est.)
    Imports of goods and services-14% (2024 est.)
    Unemployment rate
    Unemployment rate 20244.2% (2024 est.)
    Unemployment rate 20233.7% (2023 est.)
    Unemployment rate 20223.7% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total9.4% (2024 est.)
    Male10.4% (2024 est.)
    Female8.3% (2024 est.)
    All Important Facts about United States

    Want to know more about United States? Check all different factbooks for United States below.

    United States is found in North America