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Economy of the United States

Population: 319 million in 20141

Gross Domestic Product (GDP): $16.8 trillion in 20132

GDP per capita: $53,042 nominal3 ($53,042 PPP4) in 2013

GDP growth rate: 2.4% in 20145


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities9,08558.5%
Wholsale, retail trade, restaurants and hotels2,27314.6%
Transport, storage and communication8945.8%
Mining and utilities6093.9%
Agriculture, hunting, forestry, fishing1801.2%
Total value added15,534100%


Unemployment rate: 5.5% in Feb 20157

Nonfarm Employment by Industry Nov 20148

Employment sectorEmployees (thousands)Percent of total
Healthcare and social assistance18,23913.0%
Retail trade15,50011.1%
Accomodation and food services12,6679.0%
Administrative and support services8,5166.1%
Professional and technical services8,4766.1%
Finance and insurance5,9484.2%
Wholesale trade5,8934.2%
Other services5,5414.0%
Transportation and warehousing4,6853.3%
Educational services3,4272.4%
Management of companies and enterprises2,1481.5%
Arts, entertainment and recreation2,1281.5%
Real estate, rental and leasing2,0651.5%
Mining and logging9260.7%
Waste management and remediation services3820.3%
Total nonfarm employment140,045100%


Top 10 Corporations by Revenue 20149

RankCorporationRevenue ($ billions) 2014Profit ($ billions) 2014Assets ($ billions) 12/31/14Industry
1Wal-Mart Stores47316.0205Retail
2Exxon Mobil39432.5349Energy
4Berkshire Hathaway19419.8526Diversified
5Apple18339.5176Consumer electronics
6Phillips 661614.849Energy
7General Motors1562.8178Automobiles
8General Electric14815.2648Diversified
9Ford Motor1443.2209Automobiles
10Valero Energy1313.646Energy


Household Wealth: $83.7 trillion (498% of GDP) in 201410

Household Wealth per Adult: $347,845 in 201310

Gini Coefficient: .411 in 201011

Assets of Households and Nonprofit Organizations Q3 201412

Type of assetAmount ($ billions)Percent of total
Real estate23,15124.3%
Pension entitlements20,49921.5%
Corporate equities12,88413.5%
Equity in noncorporate business9,1889.6%
Mutual fund shares7,6208.0%
Consumer durable goods5,0585.3%
Credit market instruments3,3653.5%
Miscellaneous assets2,2792.4%
Life insurance reserves1,2591.3%
Total assets95,410100%

Liabilities of Households and Nonprofit Organizations Q3 201412

Type of liabilityAmount ($ billions)Percent of total
Home mortgages9,37366.7%
Consumer credit3,24523.1%
Other debt1,44310.3%
Total liabilities14,061100%


Central Government

Central Government Revenue: $2.78 trillion (17% of GDP) in FY 201313

Central Government Expenditure: $3.45 trillion (21% of GDP) in FY 201313

Central Government Budget Balance: -$679 billion (-4% of GDP) in FY 201313

Central Government Public Debt: $18.1 trillion (108% of GDP) on Dec 31 201414

Central Government 10 Year Bond Interest Rate: 2.17% on Dec 31 201415

State and Local Government

State and Local Government Revenue: $3.03 trillion (18% of GDP) in FY 201216

State and Local Government Expenditure: $3.11 trillion (19% of GDP) in FY 201216

State and Local Government Budget Balance: -$118 billion (-1% of GDP) in FY 201216

State and Local Government Debt: $2.94 trillion (18% of GDP) in FY 201216

Public Funds

State and local funds: $5.30 trillion (31% of GDP) on Jun 30, 201216

Social Security Trust Fund: $2.76 trillion (16% of GDP) on Dec 31, 201317

Tax Structure

Personal Income Tax Rates and Income Thresholds in 201318

Corporate Tax Rate: 39.1% in 201419

Central Government Revenue by Source FY 201313

Source of revenueAmount ($ billions)Percent of total
Individual income taxes1,31647.4%
Social insurance and retirement receipts94734.1%
Corporate income taxes2749.9%
Other receipts1535.5%
Excise taxes843.0%
Total revenue2,775100%

Central Government Expenditure by Department FY 201313

DepartmentAmount ($ billions)Percent of total
Department of Health and Human Services88625.7%
Social Security Administration86725.1%
Department of Defense60817.6%
Department of the Treasury39911.6%
Department of Agriculture1564.5%
Department of Veterans Affairs1384.0%
Office of Personal Management832.43%
Department of Labor802.3%
Department of Transportation762.2%
Department of Homeland Security571.7%
Other Defense Civil Programs571.7%
Department of Housing and Urban Development571.6%
Department of Education411.2%
Department of Justice300.86%
Other Independent Agencies260.76%
Department of State260.75%
Departmetn of Energy250.71%
International Assistance Programs200.57%
National Aeronautics and Space Administration170.49%
Department of the Interior9.60.28%
Environmental Protection Agencies9.50.27%
Department of Commerce9.10.26%
National Science Foundation7.40.21%
Judicial Branch7.10.20%
Corps of Engineers6.30.18%
Legislative Branch4.30.13%
Small Business Administration0.50.01%
Executive Office of the President0.40.01%
General Services Administration-0.4-0.01%
Undistributed Offsetting receipts-249-7.2%
Total expenditure3,454100%

Monetary Policy

Monetary Base (M0): $3.99 trillion (24% of GDP) on Dec 24, 201420

Benchmark Interest Rate: 0.25% on Dec 31 201421

Total Reserves: $448 billion (3% of GDP) in 201322

Exchange Rate: 1 U.S. Dollar = 1 U.S. Dollar

Inflation Rate: 0.0% in Feb 201523

Financial Institutions

Top 10 Financial Institutions by Assets Sep 30, 2014

RankFinancial InstitutionAssets ($ billions) 9/30/1424Revenue ($ billions) 20139

Profit ($ billions) 20139

1JPMorgan Chase2,52710618
2Bank of America2,12610211
4Wells Fargo1,6378822
5Goldman Sachs870418
6Morgan Stanley815373
7General Electric Capital*514446
8U.S. Bank391216
9Bank of New York Mellon386162
10PNC Financial Services335174

* General Electric Capital figures are from its 2013 Form 8-K25

International Accounts

Exports: $2.27 trillion (13% of GDP) 2013 26

Imports: $2.74 trillion (16% of GDP) in 201326

Trade Balance: -$470 billion in 2013 (-3% of GDP) 26

Foreign Direct Investment Inflow: $236 billion (1% of GDP) in 201327

Foreign Direct Investment Outflow: $350 billion (2% of GDP) in 201327

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $31.9 billion (0.2% of GDP) in 201328


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: The Guardian, U.S. Economy slows in fourth quarter (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: Bureau of Labor Statistics (Unemployment Rate) Go back
8. Source: U.S. Bureau of Labor Statistics (Employment by industry) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: Federal Reserve (Household balance sheet) Go back
13. Source: U.S. Government Publishing Office (Government budget) Go back
14. Source: Treasury Direct (Public debt) Go back
15. Source: Bloomberg (Government bond yield) Go back
16. Source: 2012 Census of Governments (Local government data) Go back
17. Source: Social Security Administration (Social Security trust fund data) Go back
18. Source: OECD Stat Extracts (Individual tax rates) Go back
19. Source: Tax Foundation (Corporate tax rates) Go back
20. Source: Federal Reserve Bank of St. Louis (Monetary base) Go back
21. Source: Federal Reserve Bank of New York (Benchmark interest rate) Go back
22. Source: World Bank Indicators (Total reserves) Go back
23. Source: Reuters (Inflation rate) Go back
24. Source: National Information Center (Financial institutions by assets) Go back
25. Source: General Electric Capital Corporation 2013 8-K (GECC data) Go back
26. Source: U.S. Bureau of Economic Analysis (Trade data) Go back
27. Source: OECD FDI in Figures (FDI data) Go back
28. Source: OECD Aid Statistics (Aid outflow) Go back