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% |
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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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