Economy of the United States: Overview

Indicator

Value

Total GDP

$23.01 trillion

GDP per capita

$69,427

Total exports

$2.62 trillion

Top export partners

Canada, Mexico, China, Japan, Germany

Outward foreign direct investment (FDI)

$7.05 trillion

Inward foreign direct investment (FDI)

$6.92 trillion

Top destinations for U.S. outward FDI

United Kingdom, Canada, Netherlands, Ireland, Germany

Manufacturing sector contribution to GDP

11.5%

Technology sector contribution to GDP

10.2%

Financial services sector contribution to GDP

7.8%

Services sector contribution to GDP

68.5%

Total non-farm employment

151.6 million

Top industries by employment

Healthcare, retail trade, professional and business services

Unemployment rate

4.1%

Must Check

Economy of the United States by GDP in 2024

The Economy of the United States is the world’s greatest economic power based on gross domestic product (GDP), historically ranking among the top countries in GDP per capita. Despite comprising less than 5% of the world’s population, the U.S. generates approximately one-fifth of the world’s economic output. Despite its ability to weather shocks, the U.S. economy faces challenges such as chronic trade deficits, stagnant household incomes, rising indebtedness, and income disparity.

Below is an overview of economy of United States.

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Over the years, United States economy has stood as global powerhouse. It has been contributing to and leading the world economic output. With the diverse range of industries, finance, and the services, the economy has remained dymanic and resilient. It is really strong and important in the world. It’s big and has lots of different kinds of businesses, like making things, technology, and services....

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