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The United States has a highly developed mixed economy. [40] [41] [42] It is the world's largest economy by nominal GDP and second largest by purchasing power parity (PPP). [43]As of 2024, it has the world's sixth highest nominal GDP per capita and eighth highest GDP per capita by PPP). [10]
The economy of the United States is divided into economic sectors. The North American Industry Classification System (NAICS) was developed in 1997 and is used by the United States Census Bureau and U.S. Securities Exchange Commission (SEC).
The total net worth of the United States remained between 4.5 and 6 times GDP from 1960 until the 2000s, when it rose as high as 6.64 times GDP in 2006, principally due to an increase in the net worth of US households in the midst of the United States housing bubble.
The US economy is on the verge of an extremely rare achievement. Economic growth in the first half of the year was solid, with the economy expanding a robust 2.8% annualized rate in the second ...
The US economy is on solid footing right now. Economists at Bank of America expect it to stay that way through next year. In a research note released to reporters on Monday, BofA's economics team ...
Even so, the US economy is widely expected to grow at a much slower rate in the final months of the year as pandemic savings dwindle and borrowing costs remain at a 22-year high.
The United States economy was mostly agricultural with increasingly industry throughout the first third of the 19th century. Most people lived on farms and produced much of what they consumed. A considerable percentage of the non-farm population was engaged in handling goods for export. The country was an exporter of agricultural products.
A variety of assessments. Other independent economists tended to echo the overall White House point that Tuesday’s GDP showed a steady US economy, which is politically important for the campaign ...