Countries
United States
Key Economic Indicators
$29.18 trillion
$85,810
2.79%
2.95%
4.2%
$29.185 trillion (2024 est.)
118 % of GDP
$-1,185,294,000,000
Economic Overview
<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>
All Economic Data
Agricultural products
maize, soybeans, milk, wheat, sugar beets, sugarcane, potatoes, chicken, pork, tomatoes (2023)
note:
<b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco:
1.9% of household expenditures (2023 est.)
On food:
6.8% of household expenditures (2023 est.)
Budget
Expenditures:
$6.857 trillion (2023 est.)
Note:
<b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues:
$4.877 trillion (2023 est.)
Currency
code:
USD
name:
United States dollar (USD) [$]
Current account balance
$-1,185,294,000,000
Current account balance 2022:
-$1.012 trillion (2022 est.)
Current account balance 2023:
-$905.378 billion (2023 est.)
Current account balance 2024:
-$1.134 trillion (2024 est.)
Note:
<b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
<strong>British pounds per US dollar: </strong>0.782 (2024 est.), 0.805 (2023 est.), 0.811 (2022 est.), 0.727 (2021 est.), 0.780 (2020 est.) <br><strong>Canadian dollars per US dollar: </strong>1.369 (2024 est.), 1.35 (2023 est.), 1.302 (2022 est.), 1.254 (2021 est.), 1.341 (2020 est.)<br><strong>Chinese yuan per US dollar: </strong>0.783 (2024 est.), 7.084 (2023 est.), 6.737 (2022 est.), 6.449 (2021 est.), 6.901 (2020 est.)<br><strong>euros per US dollar: </strong>0.924 (2024 est.), 0.925 (
Exports
$3.19 trillion
Exports 2022:
$3.039 trillion (2022 est.)
Exports 2023:
$3.072 trillion (2023 est.)
Exports 2024:
$3.191 trillion (2024 est.)
Note:
<strong>note:</strong> balance of payments - exports of goods and services in current dollars
Exports - commodities
crude petroleum, refined petroleum, natural gas, gas turbines, cars (2023)
note:
<b>note:</b> top five export commodities based on value in dollars
Exports - partners
Canada 14%, Mexico 13%, China 8%, Germany 5%, Japan 4% (2023)
note:
<b>note:</b> top five export partners based on percentage share of exports
Foreign direct investment
net inflows:
$297.06 billion
GDP - composition, by end use
Exports of goods and services:
10.9% (2024 est.)
Government consumption:
13.4% (2024 est.)
Household consumption:
67.9% (2024 est.)
Imports of goods and services:
-14% (2024 est.)
Investment in fixed capital:
21.6% (2024 est.)
Investment in inventories:
0.1% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture:
0.9% (2024 est.)
Industry:
17.3% (2024 est.)
Note:
<b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services:
79.7% (2024 est.)
GDP (official exchange rate)
$29.185 trillion (2024 est.)
note:
<b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$84,534
Gini Index coefficient - distribution of family income
41.4 (2018)
Gini Index coefficient - distribution of family income 2023:
41.8 (2023 est.)
Note:
<b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$29.19 trillion
GNI per capita
$83,490
Gross domestic investment
22 % of GDP
Household income or consumption by percentage share
Highest 10%:
30.4% (2023 est.)
Lowest 10%:
1.8% (2023 est.)
Note:
<b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$4.1 trillion
Imports 2022:
$3.984 trillion (2022 est.)
Imports 2023:
$3.857 trillion (2023 est.)
Imports 2024:
$4.108 trillion (2024 est.)
Note:
<b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
cars, crude petroleum, broadcasting equipment, computers, garments (2023)
note:
<b>note:</b> top five import commodities based on value in dollars
Imports - partners
Mexico 15%, China 15%, Canada 14%, Germany 5%, Japan 5% (2023)
note:
<b>note:</b> top five import partners based on percentage share of imports
Industrial production growth rate
3.25% (2021 est.)
note:
<b>note:</b> annual % change in industrial value added based on constant local currency
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
Inflation rate (consumer prices)
2.95%
Inflation rate (consumer prices) 2022:
8% (2022 est.)
Inflation rate (consumer prices) 2023:
4.1% (2023 est.)
Inflation rate (consumer prices) 2024:
2.9% (2024 est.)
Note:
<b>note:</b> annual % change based on consumer prices
Labor force
174.174 million (2024 est.)
note:
<b>note:</b> number of people ages 15 or older who are employed or seeking work
total:
174.85 million persons
Labor force - by occupation
agriculture:
1.52%
industry:
18.91%
services:
79.56%
Public debt
118 % of GDP
Note:
<b>note:</b> central government debt as a % of GDP
Public debt 2023:
114.8% of GDP (2023 est.)
Real GDP (purchasing power parity)
$29.18 trillion
Note:
<b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022:
$24.276 trillion (2022 est.)
Real GDP (purchasing power parity) 2023:
$24.977 trillion (2023 est.)
Real GDP (purchasing power parity) 2024:
$25.676 trillion (2024 est.)
Real GDP growth rate
2.79%
Note:
<b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022:
2.5% (2022 est.)
Real GDP growth rate 2023:
2.9% (2023 est.)
Real GDP growth rate 2024:
2.8% (2024 est.)
Real GDP per capita
$85,810
Note:
<b>note:</b> data in 2021 dollars
Real GDP per capita 2022:
$72,700 (2022 est.)
Real GDP per capita 2023:
$74,200 (2023 est.)
Real GDP per capita 2024:
$75,500 (2024 est.)
Remittances
$8.71 billion
Note:
<b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022:
0% of GDP (2022 est.)
Remittances 2023:
0% of GDP (2023 est.)
Remittances 2024:
0% of GDP (2024 est.)
Reserves of foreign exchange and gold
$910.04 billion
Note:
<b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022:
$706.644 billion (2022 est.)
Reserves of foreign exchange and gold 2023:
$773.426 billion (2023 est.)
Reserves of foreign exchange and gold 2024:
$910.037 billion (2024 est.)
Revenue (excl grants)
18 % of GDP
Tax revenue
11 % of GDP
Taxes and other revenues
10.6% (of GDP) (2023 est.)
note:
<b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
4.2%
Note:
<b>note:</b> % of labor force seeking employment
Unemployment rate 2022:
3.7% (2022 est.)
Unemployment rate 2023:
3.7% (2023 est.)
Unemployment rate 2024:
4.2% (2024 est.)
Youth unemployment rate (ages 15-24)
Female:
8.3% (2024 est.)
Male:
10.4% (2024 est.)
Note:
<b>note:</b> % of labor force ages 15-24 seeking employment
Total:
9.4% (2024 est.)
World Bank Indicators
Currency
United States dollar (USD) $ (2025)
Gini Index
41.40 (2018)
Languages
English (2025)
Economic Rankings
GDP (Nominal)
#1
Imports
#1
GDP (PPP)
#2
Exports
#2
Reserves
#4
GDP per Capita
#11
Gini Index
#54
Inflation Rate
#106
Unemployment Rate
#121
GDP Growth Rate
#155
Quick Facts
Industries
highly diversified, world leading, high-technology innovator, second-largest industrial output in the world; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, fo
Agricultural products
maize, soybeans, milk, wheat, sugar beets, sugarcane, potatoes, chicken, pork, tomatoes (2023)
Labor force
174.174 million (2024 est.)
Exports - partners
Canada 14%, Mexico 13%, China 8%, Germany 5%, Japan 4% (2023)
Imports - partners
Mexico 15%, China 15%, Canada 14%, Germany 5%, Japan 5% (2023)
Exchange rates
<strong>British pounds per US dollar: </strong>0.782 (2024 est.), 0.805 (2023 est.), 0.811 (2022 est.), 0.727 (2021 est.), 0.780 (2020 est.) <br><strong>Canadian dollars per US dollar: </strong>1.36
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