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The United States', however, remained the world's largest economy with the highest nominal GDP. [141] Real GDP per capita (measured in 2009 dollars) was $52,444 in 2017 and has been growing each year since 2010.
The three U.S. states with the highest GDPs were California ($3.987 trillion), Texas ($2.664 trillion), and New York ($2.226 trillion). The three U.S. states with the lowest GDPs were Vermont ($44.4 billion), Wyoming ($51.4 billion), and Alaska ($69.2 billion). GDP per capita also varied widely throughout the United States in 2024, with New ...
The economic history of the United States is about characteristics of and important developments in the economy of the U.S., from the colonial era to the present. The emphasis is on productivity and economic performance and how the economy was affected by new technologies, the change of size in economic sectors and the effects of legislation and government policy.
The US economy added 206,000 jobs in June, lower than a downwardly revised tally of 215,000 jobs in May, and the unemployment rate topped 4% for the first time since November 2021. New ...
From 1879 to 1882, there had been a boom in railroad construction which came to an end, resulting in a decline in both railroad construction and in related industries, particularly iron and steel. [25] A major economic event during the recession was the Panic of 1884 . 1887–1888 recession. March 1887 – April 1888.
Since World War II, the United States economy has performed significantly better on average under the administration of Democratic presidents than Republican presidents. The reasons for this are debated, and the observation applies to economic variables including job creation, GDP growth, stock market returns, personal income growth and corporate profits.
The financial position of the United Statesincludes assetsof at least $269 trillion(1576% of GDP) and debtsof $145.8 trillion (852% of GDP) to produce a net worthof at least $123.8 trillion (723% of GDP). [a]GDP in Q1 decline was due to foreclosures and increased rates of household saving. There were significant declines in debt to GDP in each ...
The United States of America ( USA or U.S.A. ), commonly known as the United States ( US or U.S.) or America, is a country primarily located in North America. It is a federal union of 50 states, which also includes its federal capital district of Washington, D.C., and 326 Indian reservations.