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United States

United States : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$2.236 trillion (2011 est.)
$1.935 trillion (2010 est.)

Exports

$1.497 trillion (2011 est.)
$1.289 trillion (2010 est.)

Inflation rate (consumer prices)

3.1% (2011 est.)
1.6% (2010 est.)

Unemployment rate

9% (2011 est.)
9.6% (2010 est.)

GDP - per capita (PPP)

$49,000 (2011 est.)
$48,500 (2010 est.)
$47,400 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

2.7% (2010 est.)
-2.6% (2009 est.)
0% (2008 est.)

Internet users

245 million (2009)

Telephones - mobile cellular

279 million (2009)

Population growth rate

0.899% (2012 est.)

Population

313,847,465 (July 2012 est.)

Historical background

Britain's American colonies broke with the mother country in 1776 and were recognized as the new nation of the United States of America following the Treaty of Paris in 1783.

During the 19th and 20th centuries, 37 new states were added to the original 13 as the nation expanded across the North American continent and acquired a number of overseas possessions.

The two most traumatic experiences in the nation's history were the Civil War (1861-65), in which a northern Union of states defeated a secessionist Confederacy of 11 southern slave states, and the Great Depression of the 1930s, an economic downturn during which about a quarter of the labor force lost its jobs.

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United States

Economic overview

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $47,400.

In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace.

US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products.

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