Economy of the United States

Economy of the United States
Statistics
New York City, the financial center of the United States and second largest center in the world.
Currency	United States dollar (USD) = $ 1 Dollar Index
Fiscal year	October 1, 2016 – September 30, 2017
Trade organizations	WTO, OECD, NAFTA and others
GDP	$18.56 trillion (2016, Nominal), $18.56 trillion (2016, PPP)
GDP rank	1st (nominal); 2nd (PPP)
GDP growth	1.9% (2016) 2.6% (2015)
GDP per capita	$57,300 (2016, nominal), $57,300 (2016, PPP)
GDP per capita rank	5th (nominal); 10th (PPP)
GDP by sector	Agriculture: 1.1% Industry: 19.4% Services: 79.5% (2016)
Inflation (CPI)	1.3% (Sep 2016)
Population below poverty line	13.66% (2015),
Gini coefficient	0.482 (2015 est.)
Labor force	158.6 million (August 2016) 7.8 million unemployed (August 2016)
Labor force by occupation	Farming, Forestry, and Fishing: 0.7% Manufacturing, Extraction, Transportation, and Crafts: 12% Managerial, Professional, and Technical: 38% Sales and Office: 23% Installation and Maintenance: 3.3% Other Services: 23% (June 2014) [note: figures exclude the unemployed]
Unemployment	4.7% (May 2016)
Average gross salary	$49,000, annual,(2015)
Average net salary	$40,000, annual,(2015)
Main industries	Highly diversified, world leading, high-technology innovator, second-largest industrial output in the world; petroleum, steel, motor vehicles, aerospace, telecommunication, chemicals, arms industry, electronics, food processing, consumer goods, lumber, mining
Ease-of-doing-business rank	8th (2017)
External
Exports	$1.47 trillion (2016 est.)
Export goods	machines, 33.9% industrial supplies, 31.2% consumer goods (except automotive), 12.3% motor vehicles and components, 9.8% food, feed, and beverages, 8.9% other, 3.9%. (2014)
Main export partners	Canada 18.6% Mexico 15.7% China 7.7% Japan 4.2% (2015)
Imports	$2.21 trillion (2016 est.)
Import goods	capital goods 25.2%, consumer goods (except automotive) 23.8%, industrial supplies (except crude oil) 17.8%, motor vehicles and components 14.0%, crude oil 10.5%, food, feed, and beverages 5.4%, other 3.3%. (2014)
Main import partners	China 21.5% Canada 13.2% Mexico 13.2% Japan 5.9% Germany 5.5% (2015)
FDI stock	$3.65 trillion (2016)
Gross external debt	$17.91 trillion (31 December 2016 est.) note: approximately 4/5ths of US external debt is denominated in US dollars
Public finances
Public debt	73.8% of GDP (2016 est.)
Budget deficit	-2.9 of GDP (2016) note: for the US, revenues exclude social contributions of approximately $1.0 trillion; expenditures exclude social benefits of approximately $2.3 trillion (2015 est.)
Revenues	$3.0 trillion (individual income tax, 46.2%; social insurance, 33.9%; corporate taxes, 10.6%; other, 9.3% – FY2014)
Expenses	$3.5 trillion (Social Security, 24.3%; defense, 17.2%; Medicare, 14.6%; unemployment and other income security, 14.6%; Medicaid, 11.7%; interest, 6.5%; veterans, 4.3%; education and training, 2.6%; other, 4.2% – FY2014)
Economic aid	ODA $48 billion, 0.03% of GDP (2012)
Credit rating	Standard & Poor's: AA+ (Domestic) AA+ (Foreign) AAA (T&C Assessment) Outlook: Stable Moody's: AAA Outlook: Stable Fitch: AAA Outlook: Stable
Foreign reserves	$0.14 trillion (May 16, 2014)
Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars.

The United States is the world's largest national economy in nominal terms and second largest according to purchasing power parity (PPP), representing 22% of nominal global GDP and 17% of gross world product (GWP). The United States' GDP was estimated to be $17.914 trillion as of Q2 2015. The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency, backed by its science and technology, its military, the full faith of the US government to reimburse its debts, its central role in a range of international institutions since World War II and the petrodollar system. Several countries use it as their official currency, and in many others it is the de facto currency. The United States has a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. Its seven largest trading partners are Canada, China, Mexico, Japan, Germany, South Korea, and the United Kingdom.

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