Economy of the United States

national 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,[1] approximately a quarter of nominal global GDP.[2] 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.[2]

References change

  1. "World Economic Outlook Database, October 2019". International Monetary Fund.
  2. 2.0 2.1 "Report for Selected Country Groups and Subjects (PPP valuation of country GDP)". IMF.