The United States has the world’s largest economy, supported by a number of industries including retail, financial services, manufacturing, information technology, mining, construction, and agriculture.

Gross domestic product (GDP)

United States recorded GDP of USD 14,660 billion in 2010, increasing 3.83% from 2009. The country has evinced a GDP growth rate of 0.04% CAGR between 2001 and 2010. Additonally, per capita GDP increased from USD 47,274 in 2010, to USD 45,918 in 2009.

(Source: BEA)

(Source: BEA)

Gross national income (GNI)

In 2009, GNI accounted to USD 14,011 billion, declining 2.26% from 2008.

(Source: World Bank)

(Source: World Bank)

Income tax rate

Income tax rates vary from 10% to 35% for individuals, depending on the following six income bands:

(Source: irs.gov)

Corporate tax rate

In the US, the corporate tax rate is 35%. The rate has stayed at this level since 1993.

(Source: OECD)

Inflation rate

Inflation rate was recorded at -0.4% in 2009, decreasing 4.2% from the previous year. The highest ever inflation rate in United States was 18% in 1918.

(Source: Bureau of Labor Statistics)

Foreign direct investment (FDI)

Between 2007-2009, FDI inflows to the US increased significantly. At the end of 2009, the total investment outflows totaled USD 4,051,191 million, increasing 8.24% over 2008. Furthermore, total investment inflows were USD 2,672,786 million, also increasing 6.01% compared to 2008.

(Source: BEA)

(Source: BEA)

Foreign portfolio investment (FPI)

In Q3 of 2010, net FPI indicated a loss of USD 25,839 million, declining negatively by 10.54% compared to Q3 of 2009.

(Source: Federal Reserve System)

(Source: Federal Reserve System)

Central bank assets

As of February 2010, total assets of the Federal Reserve (the central bank of the United States) stood at USD 2,280,952 million. These assets mainly included agency mortgage-backed securities, which amounted to USD 1,025,541 million.

(Source: Federal Reserve System)

Consumer price index (CPI)

In 2009, the United States reported a composite CPI of 214.53, where used cars and trucks were the largest contributors.

(Source: Bureau of Labor Statistics, BLS News Release)

(Source: Bureau of Labor Statistics)

Producer price index (PPI)

In 2010, the average annual PPI for finished goods was 179.93 points, for intermediate materials it was 183.21 points and for crude materials it was 211.79 points.

(Source: Bureau of Labor Statistics)

(Source: Bureau of Labor Statistics)

Interest rates

During 2010, the average interest rate on certificates of deposit (CDs) in the secondary markets was 0.24% for 1 month maturity period, 0.31% for 3 months and 0.44% for 6 months.

(Source: Federal Reserve)

(Source: Federal Reserve)

Interest rates on loans to prime customers in 2010 was 3.25%, unchanged from the previous year.

(Source: Federal Reserve)

Money stock measures

The United States classifies its money stock into M1 and M2.

M1 includes:

• Currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions
• Traveler's checks of non-bank issuers
• Demand deposits at commercial banks (excluding amounts held by depository institutions, U.S. government, foreign banks and official institutions)
• Other checkable deposits
• Credit union share draft accounts
• Demand deposits at thrift institutions

M2 includes all items of M1 and:

• Savings deposits (including money market deposit accounts)
• Small-denomination time deposits (time deposits in amounts of less than USD 100,000)
• Balances in retail money market mutual funds less IRA and Keogh balances at money market mutual funds.

(Source: Federal Reserve System)

(Source: Federal Reserve System)

Official exchange rate

The average exchange rate for USD during the 2000 to 2009 period was 1.70 for sterling (GBP), 1.19 for euro and 0.70 for australian dollars (AUD).

Following are the average exchange rates (yearly) from 2000 to 2009:

(Source: Federal Reserve System)

Government finances

Total revenue and expenditure

In 2009, total Government revenue stood at USD 3,726.9 billion, falling by 8.52% from 2008.  Furthermore, the total Government expenditures increased by 5.51% up to USD 4,998.8 billion.

(Source: Bureau of Economic Analysis)

(Source: Bureau of Economic Analysis)

Government Revenue Distribution (2009)

(Source: Bureau of Economic Analysis)

Public sector borrowing requirement / fiscal balance

In 2009, the total fiscal balance accounted for a deficit of USD 1,271.9 billion. Furthermore, the account has reported continuous losses since 2002.

(Source: Bureau of Economic Analysis)

Tax revenue

In 2009, total tax revenue was reported at USD 2,409.3 billion, which includes personal current taxes, taxes on production and imports, taxes on corporate income, and taxes from the rest of the world. Additonally, compared to 2008, it declined by 13.34%.

(Source: Bureau of Economic Analysis)

Balance of payment (BoP)

 (Source: Bureau of Economic Analysis)

Labour force

The total labour force was 238.72 million in November 2010, increasing 0.19% from November 2009.