US economy! United States economy explained including US labor market, trade balance in goods and services and top US exports. Furthermore, the United States’ standard of living, the US budget deficit, the country’s government debt in relation to GDP as well as an economic projection for 2020 are presented.
The United Sates has the world’s largest economy in terms of nominal GDP. The country’s nominal GDP in 2018 was 20 544 billion USD or 20.5 trillion.
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=US&most_recent_value_desc=true
Sources
GDP (current US$, 2018):
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=US&most_recent_value_desc=true
US Population
https://www.worldometers.info/world-population/us-population/
GNI per capita, Atlas method (2018, current US$):
https://data.worldbank.org/indicator/NY.GNP.PCAP.CD?locations=US
Labor Force
(the labor force includes employed workers and unemployed workers that are actively seeking work)
https://data.worldbank.org/indicator/SL.TLF.TOTL.IN?locations=US
Unemployment Rate
https://tradingeconomics.com/united-states/unemployment-rate
Employment in agriculture, industry and services
https://data.worldbank.org/indicator/SL.AGR.EMPL.ZS?locations=US
https://data.worldbank.org/indicator/SL.IND.EMPL.ZS?locations=US
https://data.worldbank.org/indicator/SL.SRV.EMPL.ZS?locations=US
Exports, Imports, Trade balance - 2019 data derived from the ITC (International Trade Centre):
https://www.trademap.org/Country_SelProductCountry_TS.aspx?nvpm=1%7c842%7c%7c%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c3%7c2%7c1%7c2%7c1%7c1
United States Top 10 Exports
http://www.worldstopexports.com/united-states-top-10-exports/
Budget Deficit
https://tradingeconomics.com/united-states/government-budget
Government Debt-to-GDP ratio in 2019:
https://tradingeconomics.com/united-states/government-debt-to-gdp
Economic Growth
International Monetary Fund - World Economic Outlook, April 2020: The Great Lockdown
https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020
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