The United States has the largest economy in the world, with a GDP of over $16 trillion in 2012. It has a highly diversified economy led by sectors like high technology, automobiles, aerospace, and financial services. While the US economy has grown steadily in recent years, challenges remain like high unemployment, government debt levels, and other long term issues that could threaten continued growth.

1. By:
Zulfiqar Ali
aliwali713@yahoo.com

2. The Economy of USA
New York City, financial center of the United States
Area
Rank
9,826,675 km²
1st (nominal) / 1st (PPP)
Currency US$ (USD)
Fiscal year October 1 – September 30

3. Statistics
GDP $16.8 trillion (September 2012)
GDP growth 1.9% (September 2012–September 2013)
GDP per capita $53,101 (2013) (9th, nominal; 6th, PPP)
GDP by sector Agriculture: 1.2%, industry: 19.2%, services: 79.6% (2012 est.)
Inflation (CPI) 1.5% (September 2012–September 2013)
Population
below poverty line
15.1% (2012)
Gini coefficient 0.48

4. Labor force 156 million (includes 12.088 mil. unemployed, September 2013)
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 6.3% (September 2013)
Average gross salary $49,000 (December 2013)
Main industries
highly diversified, world leading, high-technology innovator, second
largest industrial output in world; petroleum, steel, motor
vehicles, aerospace, telecommunications, chemicals,
electronics, food processing, consumer goods, lumber, mining
Ease of Doing Business
Rank
4th

5. External
Exports $1.57 trillion (2013 est.)
Export goods agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies
(organic chemicals) 26.8%, capital goods (transistors, aircraft, motor
vehicle parts, computers, telecommunications equipment) 49.0%,
consumer goods (automobiles, medicines) 15.0%
Main export partners Canada 19%, Mexico 13.3%, China 7%, Japan 4.5% (2012)
Imports $2.30 trillion (2013 est.)

6. Import goods Agricultural products 4.9%, industrial supplies 32.9% (crude oil
8.2%), capital goods 30.4% (computers, telecommunications
equipment, motor vehicle parts, office machines, electric power
machinery), consumer goods 31.8% (automobiles, clothing,
medicines, furniture, toys)
Main import partners China 19.3%, Canada 14.24%, Mexico 11.12%, Japan 6.14%,
Germany 4.3% (2012)

9. Gross domestic product (GDP)
Market value of all officially recognized final goods and services
produced within a country in a given period.

10. Gross domestic product (GDP)
10.59 11.09
11.80
12.56
13.31
13.96 14.22 13.86
14.45
15.09
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
GDPinTrillions
Year
GDP of USA

11. Gross domestic product (GDP) Growth Rate
1.83%
2.55%
3.48%
3.08%
2.66%
1.91%
-0.36%
-3.53%
3.02%
1.70%
-4.00%
-3.00%
-2.00%
-1.00%
0.00%
1.00%
2.00%
3.00%
4.00%
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
GDPGrowthRate
Year
GDP Growth Rate of USA

12. GROSS NATIONAL PRODUCT (GNP)
Total income earned by the nation’s factors of production, regardless of
where located

13. GROSS NATIONAL PRODUCT (GNP)
10.66 11.14
11.91
12.76
13.63 14.10 14.39 13.94
14.64
15.23
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
GNPinTrillions
Year
GNP of USA

14. GDP COMPARISON
US
22%
China
11%
India
3%Japan
8%
Others
65%
GDP(2012)
US
32%
China
3%
India
1%
Others
51%
Japan
13%
GDP (2001)

15. INFLATION RATE
1.6
2.3
2.7
3.4
3.2
2.8
3.8
-0.4
1.6
3.2
-1
-0.5
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
InflationRate%
Year
Inflation Rate in USA

16. UNEMPLOYMENT RATE
5.8 6
5.5 5.1
4.6 4.6
5.8
9.3 9.6
9
0
2
4
6
8
10
12
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
UnemploymentRate%
Year
Unemployment Rate in USA

17. WHOLESALE PRICE INDEX (WPI)
127.73
117.37
109.85
120.45
109.69 104.67 100
93.18
87.75 83.3 85.26 84.32
0
20
40
60
80
100
120
140
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
WPI
YEAR
WPI of USA

18. INTERNATIONAL INVESTMENT POSITION (IIP)
-4,030,250
-2,473,599
-2,321,770
-3,260,158
-1,796,005
-2,191,653
-1,932,149
-2,253,026
-2,093,794-2,044,631
-1,875,032
-1,337,014
-4,500,000
-4,000,000
-3,500,000
-3,000,000
-2,500,000
-2,000,000
-1,500,000
-1,000,000
-500,000
0
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
IIP
YEAR
IIP of USA

19. PPI

20. HUMAN DEVELOPMENT INDEX (HDI)

21. HUMAN DEVELOPMENT INDEX (HDI)
Human Development Index for USA
Year
Human
Development
Index (HDI)
Life
expectancy at
birth
Mean years
of schooling
Expected
years of
schooling
Gross
National
Income (GNI)
per capita
GNI per
capita rank
minus HDI
rank
Non Income
HDI
2012 0.910 78.5 12.4 16.0 43,017 6 0.931

22. HUMAN DEVELOPMENT INDEX (HDI)
0.897
0.902
0.904
0.905
0.907
0.906
0.908
0.91
0.89
0.895
0.9
0.905
0.91
0.915
2000 2005 2006 2007 2008 2009 2010 2011
HDI
Year
HDI for USA

23. Exports

24. Imports

25. Balance of Trade

27. Fiscal Deficit
$1.3 Trillion

28. Fiscal Deficit
More than 8%
of GDP

29. Fiscal Deficit
Close to the
1930’s Deficit

30. US Borrowings
From Bank And Investors
From Foreign Governments
From World Bank

31. US Borrowings 98% of GDP ($17.3 tril)

32. Revenues $2.77 trillion (individual income tax, 47.4%; social insurance,
34.2%; corporate taxes, 9.9%; other, 8.5% – 2013)
Expenses $3.45 trillion (Social Security, 23.2%; defence, 17.6%; Medicare,
14.3%;Medicaid, 7.7%; interest, 7.5%; unemployment, 2.0%;
education, 2.0%; other, 25.7% – 2013)

33. 33
SUMMARY THOUGHTS
•Economic growth signals are still positive and
consumption is apparently rebounding, while
corporate earnings are strong.GOOD
BAD
UGLY
Unemployment, Housing, Interest Rates, and Oil all
loom as potential caution flags that could reverse
the good news story
Government debt and overall debt are not going away
as major issues that could reduce long term growth and
lead to unpleasant outcomes

34. 34
Thank You