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COUNTRY FACT SHEET: UNITED STATES
      
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PROFILE
Population in 2019 (Millions): 330~
Capital: Washington, D.C.
Government: Republic


ECONOMY 2016 2017 2018 2019~
Nominal GDP (Current Billions $U.S.) 18,707 19,485 20,513 21,482
Nominal GDP Per Capita (Current $US) 57,815 59,792 62,518 65,062
Real GDP Growth Rate (% change) 2.22 2.88 2.54 1.82
Real GDP Growth Rate Per Capita (% change) .831 1.49 2.19 1.90
Consumer Prices (% change) 2.14 2.40 2.15 2.30
Unemployment (% of labor force) 4.35 3.78 3.47 3.39
Economic Mix in 2016: 18.9% All Industries; 11.6% Manufactures; 77% Services; 1% Agriculture


FOREIGN TRADE ($US Millions) 2016 2017 2018 2019
Trade in Goods and Services (BOP)
United States Exports to World 2,215,839 2,352,549 2,501,305
United States Imports from World 2,718,820 2,902,671 3,128,992
United States Trade Balance with World -502,981 -550,122 -627,687
Detail on Merchandise Trade
U.S. Exports to World (% Change) -3.45 6.55 7.73 -1.25
U.S. Imports from World (% Change) -2.76 7.00 8.59 -1.67
U.S. Exports to World* 1,451,460 1,546,473 1,665,992 1,645,174
U.S. Imports from World* 2,186,786 2,339,884 2,540,806 2,498,402
U.S. Trade Balance with World* -735,326 -793,411 -874,814 -853,228
United States Position in (Reported) World Trade:
United States Rank Among World Import Suppliers 2 2 2 0
United States Rank Among World Export Markets 1 1 1 0
United States Share (%) as a Supplier of World Imports 9.23 8.93 9.00 .00
United States Share (%) as a Market for World Exports 14.25 13.78 13.95 .00
Principal U.S. Exports to the World in 2019:Principal U.S. Imports from the World in 2019:
1. Transportation Equipment (17.4%)1. Transportation Equipment (16.5%)
2. Chemicals (12.7%)2. Computer & Electronic Products (15.6%)
3. Computer & Electronic Products (12.7%)3. Chemicals (10.5%)
4. Machinery, Except Electrical (8.3%)4. Machinery, Except Electrical (7.6%)
5. Oil & Gas (5.8%)5. Oil & Gas (5.4%)


FOREIGN DIRECT INVESTMENT 2016 2017 2018 2019
U.S. FDI Abroad (US $Millions) 5,586,030 6,013,335 5,950,991
World FDI in U.S. (US $Millions) 3,765,114 4,025,492 4,344,610


DOING BUSINESS/ECONOMIC FREEDOM RANKINGS




Source: Created by USDOC/ITA/OTEA-TPIS from many sources: FDI from USDOC, Bureau of Economic Analysis. US Trade from USDOC,Census Bureau,Foreign Trade Division. United States Trade with World from the United Nations where available. National Macroeconomic data from the IMF and the World Bank databases including and Business Ranking and World Development Indicators (2018 releases). .WORLD and other country aggregates are summaries of available UN COMTRADE, IMF and other data, and coverage varies over time and by source, but typically represents greater than 85 percent of world trade and production. Note: Principal U.S. Exports and Imports Are 3-digit NAICS Categories.
~ Estimate from April 2019
* Trade is on a Census Basis and cannot be subtracted from Goods and Services to Calculate Total Trade in Services

The Trade Policy Information System is designed and operated by the Office of Trade and Economic Analysisfor the U.S. Department of Commerce, International Trade Administration.