| GDP |
US $14.527 trillion (2010) |
| Inflation |
3% (approx.) |
| Unemployment |
Industrial supplies, consumer goods, agricultural products |
| Major industries |
Petroleum, Steel, Aerospace, Communications, Chemicals |
The economy of the United States is the largest among all the nations of the world. At 14.52 trillion USD, the GDP generated by this colossal economy is the highest. Its Gross National Income (GNI) per capita is also among the highest, and is estimated at US $47,240.
The major sectors comprising the economy of Untied States are Retailing, Energy, Agriculture, Manufacturing, and Finance. The country remains the second-largest consumer of energy in the world, and most of the energy needs are fulfilled through petroleum. Even though manufacturing is not the leading sector of the economy, it is enough to remain number one in the whole of the world. Airplane manufacturing is a major activity in this sector. The country is also the largest trading nation of the world, with most of the trade happening with Japan, China, and European Union.
One particular concern for the US economy is the rising debt, which as of 2009 was at US $50.7 trillion. This is more than 3.5 times the GDP, and is owed by various businesses and governments. The recession in 2008 hit the economy very hard, and the recovery is still being effected. This was popularly known as the sub-prime mortgage crisis. Experts are divided on the economic prospects of the country, as was reflected in the credit rating agency Moody's "negative" outlook on the economy of the United States.
