United States GDP

Economy of the United States

New York City, the financial center of the United States
Currency	United States dollar (USD) = $1 Dollar Index
Fiscal year	October 1, 2016 – September 30, 2017
Trade organizations	WTO, OECD and others
Statistics
GDP	$18.56 trillion (nominal; 2016)
GDP rank	1st (nominal) / 2nd (PPP)
GDP growth	3% (Q2 2017)
GDP per capita	$57,436 (nominal; 2016)
GDP per capita rank	7th (nominal) / 11th (PPP)
GDP by sector	Agriculture: 1.1% Industry: 19.4% Services: 79.5% (2016)
Inflation (CPI)	0.4% (August 2017)
Population below poverty line	12.7% (2016)
Gini coefficient	0.481 (2016 est.)
Labor force	159.64 million (2016) 7.5 million unemployed (February 2017)
Labor force by occupation	farming, forestry, and fishing: 0.7% manufacturing, extraction, transportation, and crafts: 20.3% managerial, professional, and technical: 37.3% sales and office: 24.2% other services: 17.6%
Unemployment	4.2% (September 2017)
Average gross salary	$859 weekly (Q2 2017)
Main industries	Petroleum steel motor vehicles aerospace telecommunications chemicals electronics food processing consumer goods lumber mining
Ease-of-doing-business rank	8th (2017)
External
Exports	$1.45 trillion (2016)
Export goods	Agricultural products 10.7% Fuels and mining products 9.4% Manufacturers 74.8% Others 5.1%
Main export partners	European Union 18.7%  Canada 18.3%  Mexico 15.9%  China 8%  Japan 4.4% Others 34.8%
Imports	$2.25 trillion (2016)
Import goods	Agricultural products 6.8% Fuels and mining products 10.7% Manufacturers 78.4% Others 4.2%
Main import partners	China 21.4%  European Union 18.9%  Mexico 13.2%  Canada 12.6%  Japan 6% Others 27.9%
FDI stock	$3.64 trillion (2016)
Gross external debt	$18.28 trillion (March 2017)
Public finances
Public debt	73.8% of GDP (2016)
Revenues	$3.3 trillion (2016)
Expenses	$3.9 trillion (2016)
Economic aid	donor: ODA, $33.59 billion (2016)
Credit rating	Standard & Poor's: AA+ (Domestic) AA+ (Foreign) AAA (T&C Assessment) Outlook: Stable Moody's: AAA Outlook: Stable Fitch: AAA Outlook: Stable
Foreign reserves	$118.525 billion (June 23, 2017)
Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars.

The economy of the United States is a highly developed mixed economy. It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). The U.S. GDP was estimated to be $18.46 trillion in 2016. It has the world's seventh-highest per capita GDP (nominal) and eleventh-highest per capita GDP (PPP) in 2016. The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency, backed by its science and technology, its military, the full faith of the US government to reimburse its debts, its central role in a range of international institutions since World War II and the petrodollar system. Several countries use it as their official currency, and in many others it is the de facto currency. Its largest trading partners are China, Canada, Mexico, Japan, Germany, South Korea, United Kingdom, France, India and Taiwan.