US Economics

Description

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The economy of the United States is the world’s largest national economy. Its nominal GDP was estimated to be over $15 trillion in 2011, approximately a quarter of nominal global GDP. Its GDP at purchasing power parity is the largest in the world, approximately a fifth of global GDP at purchasing power parity. The U.S. economy also maintains a very high level of output. In 2011, it was estimated to have a per capita GDP (PPP) of $48,387, the 6th highest in the world, thus making U.S. one of the world’s wealthiest nations. The U.S. is the largest trading nation in the world. Its three largest trading partners as of 2010 are Canada, China and Mexico.

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