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CompareEconomy.com Comparison of world economies

United States of America (USA)

World Rank 1 75.61 United States of America (USA) flag svg
Capital
Area
Currency
Washington, D.C.
9,833,520 km 2
United States dollar (USD)

Table of Contents

Introduction

The USA is a federal presidential constitutional republic located in North America. It consists of 50 states, a federal district, and several self-governing territories as well as some minor islands and possessions outside the main land. However, its official land coverage is around 9.5 to 9.8 million square kilometers. As a result, it is the third or fourth largest country if we take into account its total area.

With a capital in Washington, D.C. and largest city of New York City, the USA is one of the greatest nations in the world in economic, social, and military aspects. The head of the nation is President Joe Biden. The Vice President is Kamala Harris.

Economy

The United States of America is probably the country that influences the world the most. All the trends and famous people come from or lived in America. No wonder - its last 2 centuries were marked as the most progressive time in the history of any country. The last 40 years recorded the increase of GDP from $5.9 trillion (1980) up to $21.4 trillion (2019). It is therefore the second most powerful economy in the world right after China.

Another important factor that we all should take into account is the wealthiness of the average citizen. We can measure that by simply verifying the GDP per capita value. In the case of the US, it is $65,000. As a result, they are far more superior in that respect than the number one in general GDP - China ($16,800). The value is exceptionally higher than in the case of average value in Europe ($46,450).

The States are also the largest importer in the world due to their strategy which consists in saving their own resources and buying all necessary resources from other international forces. As a result, their imports of goods and services is at around $3.125 trillion, which is still only 14.5% of their annual GDP. In terms of exports of merchandise, it is a bit lower value of $2.5 trillion, an approximate of 11% of their GDP according to data from 2019.

Population

The estimated population in 2019 is 328 million, which is the third largest population in the entire world. However, its density is relatively low due to large land coverage, and it is only 33.6 citizens per square kilometer.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#1 (2021)
23,315,080,560,000 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#154 (2021)
-861,713,000,000 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#97 (2021)
5.35 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)