Economy of the United States

The economy of the United States is the world's largest national economy and the world's second-largest overall economy, the GDP of the European Union being approximately $2 trillion larger. The nominal GDP of the United States was estimated to be $21.4 trillion in 2019, approximately a quarter of nominal global GDP. Its GDP at purchasing power parity is the second-largest in the world, behind China. It has approximately a fifth of global GDP at purchasing power parity.

Economy Of The United States Media

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  Washburn and Moen Manufacturing Company in Worcester, Massachusetts, 1876

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  Oil wells in Los Angeles, 1905

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  Assembling the North American B-25 Mitchell at Kansas City, 1942

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  McDonald's restaurant in Mount Pleasant, Iowa, 2008

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  President Donald Trump with automobile industry leaders, 2017 (First Term)

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  Midtown Manhattan, the world's largest central business district

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       Inflation*     Deflation*

    M2 money supply increases Year/Year
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  United States real quarterly GDP (annualized)

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  U.S. cumulative real (inflation-adjusted) GDP growth by US president (from Reagan to Obama)

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  Private sector workers earnings compared to GDP *Private sector workers made ~$2 trillion or about 29.6% of all money earned in Q3 2023 (before taxes)*     Quarterly GDP not Annualized*     Private Sector Workers Total Earnings