The Global Economic Map: Format

From Meta, a Wikimedia project coordination wiki
Jump to navigation Jump to search
Main Page   About   Format   Properties   Country Articles   Region Articles   City Articles    


Flag of the United States.svg

Economy of the United States

Population: 319 million in 2014[1]

GDP: $16.8 billion in 2013[2]

GDP Per Capita: $53,042 nominal[3] ($53,042 PPP[4]) in 2013

GDP Growth Rate: 2.4% in 2014[5]

Industries[edit]

GDP by industry in 2013[6]

Industry GDP $ millions 2013 % of total GDP
Real estate and rental leasing 2,178,614 13.04%
Government 2,087,589 12.50%
Health care and social assistance 1,200,938 7.19%
Professional, scientific and technical services 1,172,107 7.02%
Finance and insurance 1,114,594 6.67%
Durable manufacturing 1,096,437 6.56%
Wholesale trade 998,685 5.98%
Non-durable manufacturing 983,081 5.89%
Retail trade 956,302 5.73%
Information 802,378 4.80%
Construction 611,374 3.66%
Administrative and waste management 505,340 3.03%
Transportation and warehousing 490,257 2.94%
Agriculture 469,099 2.81%
Mining 449,352 2.69%
Accommodation and food services 360,630 2.16%
Management of companies and enterprises 327,891 1.96%
Utilities 287,068 1.72%
Educational service 187,077 1.12%
Arts, entertainment and recreation 162,548 0.97%
Total 16,701,415 100%

Employment[edit]

Unemployment rate: 5.5% in Feb 2015[7]

Non-farm employment by industry in May 2014[8]

Industry Employment thousands May 2014 Percent of total employment
Government 21,869 15.79%
Health care and social assistance 18,030 13.02%
Retail trade 15,319 11.06%
Accommodation and good services 12,498 9.03%
Administrative and waste services 8,695 6.28%
Professional and technical services 8,316 6.01%
Financial activities 7,919 5.72%
Durable manufacturing 7,636 5.51%
Construction 6,004 4.34%
Wholesale trade 5,863 4.23%
Other services 5,511 3.98%
Transportation and warehousing 4,599 3.32%
Non-durable manufacturing 4,463 3.22%
Education services 3,401 2.46%
Information 2,655 1.92%
Management of companies and enterprises 2,134 1.54%
Arts, entertainment and recreation 2,090 1.51%
Real estate and rental and leasing 2,043 1.48%
Mining 851 0.62%
Utilities 551 0.40%
Logging 54 0.04%
Total 138,463 100%

Corporations[edit]

Top 10 corporations by revenue in 2013[9]

Rank Corporation Revenue $ millions 2013 Profit $ millions 2013 Assets $ millions 2013 Market Cap $ millions (Mar 31, 2014) Employees Headquarters Industry
1 Wal-Mart Stores 476,294 16,022 204,751 246,806 Bentonville,AR Retail
2 Exxon Mobile 407,666 32,580 346,808 422,099 Irving, TX Oil and Gas
3 Chevron 220,356 21,423 253,753 227,015 San Ramon, CA Energy
4 Berkshire Hathaway 182,150 19,476 484,931 308,003 Omaha, NE Diversified
5 Apple 170,910 37,037 207,000 479,069 Cupertino, CA Technology
6 Phillips 66 161,175 3,726 49,798 45,282 Houston, TX Oil and Gas
7 General Motors 155,427 5,346 166,344 54,720 Detroit, MI Auto
8 Ford Motor 146,917 7,155 202,026 61,524 Detroit, MI Auto
9 General Electric 146,231 13,057 656,560 259,547 Fairfield, CT Diversified
10 Valero 137,758 2,720 47,260 28,276 San Antonio, TX Oil and Gas
  • List of United States corporations by revenue

Households[edit]

Household Wealth: $83.7 trillion (498% of GDP) in 2014[10]

Household Wealth per Adult: $347,845 in 2013[11]

Gini Coefficient: .411 in 2010[12]

Assets of Households and Nonprofit Organizations Q3 2014[13]

Assets $ billions Percent of total
Real estate 23,151 24.3%
Pension entitlements 20,499 21.5%
Corporate equities 12,884 13.5%
Deposits 10,106 10.6%
Equity in noncorporate business 9,188 9.6%
Mutual fund shares 7,620 8.0%
Consumer durable goods 5,058 5.3%
Credit market instruments 3,365 3.5%
Miscellaneous assets 2,279 2.4%
Total assets 95,410 100%

Liabilities of Households and Nonprofit Organizations Q3 2014[14]

Liabilities $ billions 2011 Percent of total
Home mortgages (including lines of credit) 9,882 72%
Other debt 3,884 28%
Total liabilities 13,767 100%

Government Finance[edit]

Central Government

Central Government Revenue: $2.78 trillion (17% of GDP) in FY 2013[15]

Central Government Expenditure: $3.45 trillion (21% of GDP) in FY 2013[16]

Central Government Budget Balance: $679 billion (-4% of GDP) in FY 2013[17]

Central Government 10 Year Bond Interest Rate: 2.17% on Dec 31 2014[18]

State and Local Government

State and Local Government Revenue: $3.03 trillion (18% of GDP) in FY 2012[19]

State and Local Government Expenditure: $3.11 trillion (19% of GDP) in FY 2012[20]

State and Local Government Budget Balance: $118 billion (-1% of GDP) in FY 2012[21]

State and Local Government Debt: $2.94 trillion (18% of GDP) in FY 2012[22]

Public Funds

State and local funds: $5.30 trillion (31% of GDP) on Jun 30, 2012[23]

Social Security Trust Fund: $2.76 trillion (16% of GDP) on Dec 31, 2013 [24]

Tax Structure

Personal Income Tax Rates and Income Thresholds in 2013[25]

  • 10%: $0-$8,925
  • 15%: $8,925-$36,250
  • 25%: 36,250-$87,850
  • 33%: $183,250-$398,350
  • 35%: $398,350-$400,000
  • 39.6%: $400,000+

Corporate Tax Rate: 39.1% in 2014[26]

Central Government Revenue by Source FY 2011[27]

Source of revenue Amount ($ millions) Percent of total revenue
Individual income taxes 1,091,473 47.40%
Social Security receipts 818,792 35.50%
Corporate taxes 181,085 7.80%
Misc. taxes 101,846 4.40%
Excise taxes 72,381 3.10%
Customs and duties 29,519 1.20%
Estate and gift taxes 7,399 0.30%
Total 2,302,495 100%

Central Government Expense by Source FY 2011[28]

Department Amount ($ millions) Percent of total expenses
Health and Human Services 891,244 24.76%
Social Security Administration 784,194 21.79%
Defense-Military 678,073 18.84%
Treasury 538,702 14.97%
Agriculture 139,399 3.87%
Labor 131,973 3.67%
Veterans Affairs 126,917 3.53%
Transportation 77,302 2.15%
Office of Personal Management 74,091 2.06%
Education 65,486 1.82%
Housing and Urban Development 57,005 1.58%
Other Defense Civil Programs 54,862 1.52%
Homeland Security 45,744 1.27%
Energy 31,372 0.87%
Justice 30,518 0.85%
State 24,355 0.68%
International Assistance Programs 24,355 0.68%
National Aeronautics and Space Administration 17,617 0.49%
Other independent agencies 14,496 0.40%
Interior 13,529 0.38%
Environmental Protection Agency 10,770 0.30%
Corps of Engineers 10,138 0.28%
Commerce 9,930 0.28%
Judiciary 7,295 0.20%
National Science Foundation 7,146 0.20%
Small Business Administration 6,162 0.17%
Legislative 4,583 0.13%
General Services Administration 1,889 0.05%
Total 3,599,285 100%

Monetary Policy[edit]

Monetary Base (M0): $3.99 trillion (24% of GDP) on Dec 24, 2014[29]

Benchmark Interest Rate: 0.25% on Dec 31 2014[30]

Total Reserves: $448 billion (3% of GDP) in 2013[31]

Exchange Rate: 1 U.S. Dollar = 1 U.S. Dollar

Inflation Rate: 0.0% in Feb 2015[32]

Financial Institutions[edit]

Top 10 Financial Institutions by Assets Dec 31, 2013

Rank Bank Assets ($ millions) 12/31/13[33] Revenue ($ millions 2013)[34] Profit ($ millions) 2013[35] Market Cap ($ millions) Mar 31, 2014[36] Employees ___ Headquarters[37]
1 JPMorgan Chase 2,415,689 106,283 17,923 229,793 New York, NY
2 Bank of America 2,104,995 101,697 11,431 181,086 Charlotte, NC
3 Citigroup Inc. 1,880,382 93,629 13,673 144,627 New York, NY
4 Wells Fargo & Company 1,527,015 88,069 21,878 261,218 San Francisco, CA
5 The Goldman Sachs Group 911,595 40,874 8,040 73,646 New York, NY
6 Morgan Stanley 832,702 36,848 2,932 61,581 New York, NY
7 American International Group 541,329 68,678 9,085 73,218 New York, NY
8 General Electric Capital Corporation 516,829[38] 44,067[39] 5,906[40] Fairfield, CT
9 The Bank of New York Mellon 374,310 15,691 2,111 40,056 New York, NY
10 U.S. Bancorp 364,021 21,059 5,836 78,008 Minneapolis, MN
  • List of financial institutions by assets

International Accounts[edit]

Exports: $2.27 trillion (13% of GDP) in 2013[41]

Imports: $2.74 trillion (16% of GDP) in 2013[42]

Trade Balance: -$470 billion (-3% of GDP) in 2013[43]

Foreign Direct Investment Inflow: $236 billion (1% of GDP) in 2013[44]

Foreign Direct Investment Outflow: $350 billion (2% of GDP) in 2013[45]

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $31.9 billion (0.2% of GDP) in 2013[46]

References[edit]

  1. http://data.worldbank.org/indicator/SP.POP.TOTL
  2. http://data.worldbank.org/indicator/NY.GDP.PCAP.CD
  3. http://data.worldbank.org/indicator/NY.GDP.PCAP.CD
  4. http://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD
  5. http://www.theguardian.com/business/2015/feb/27/us-economy-slows-fourth-quarter-2014-gdp
  6. http://www.bea.gov/iTable/index_regional.cfm
  7. http://data.bls.gov/timeseries/LNS14000000
  8. http://www.bls.gov/news.release/empsit.t17.htm
  9. http://fortune.com/fortune500/wal-mart-stores-inc-1/
  10. https://www.credit-suisse.com/us/en/news-and-expertise/research/credit-suisse-research-institute/publications.html
  11. https://www.credit-suisse.com/us/en/news-and-expertise/research/credit-suisse-research-institute/publications.html
  12. http://data.worldbank.org/indicator/SI.POV.GINI
  13. http://www.federalreserve.gov/releases/z1/current/z1r-5.pdf
  14. http://www.federalreserve.gov/releases/z1/current/z1r-5.pdf
  15. http://www.gpo.gov/fdsys/browse/collection.action?collectionCode=BUDGET&browsePath=Fiscal+Year+2015&searchPath=Fiscal+Year+2015&leafLevelBrowse=false&isCollapsed=false&isOpen=true&packageid=BUDGET-2015-TAB&ycord=822
  16. http://www.gpo.gov/fdsys/browse/collection.action?collectionCode=BUDGET&browsePath=Fiscal+Year+2015&searchPath=Fiscal+Year+2015&leafLevelBrowse=false&isCollapsed=false&isOpen=true&packageid=BUDGET-2015-TAB&ycord=822
  17. http://www.gpo.gov/fdsys/browse/collection.action?collectionCode=BUDGET&browsePath=Fiscal+Year+2015&searchPath=Fiscal+Year+2015&leafLevelBrowse=false&isCollapsed=false&isOpen=true&packageid=BUDGET-2015-TAB&ycord=822
  18. http://www.bloomberg.com/quote/USGG10YR:IND
  19. http://www2.census.gov/govs/local/summary_report.pdf
  20. http://www2.census.gov/govs/local/summary_report.pdf
  21. http://www2.census.gov/govs/local/summary_report.pdf
  22. http://www2.census.gov/govs/local/summary_report.pdf
  23. http://www2.census.gov/govs/local/summary_report.pdf
  24. http://www.ssa.gov/oact/STATS/table4a3.html
  25. http://stats.oecd.org/
  26. http://taxfoundation.org/article/corporate-income-tax-rates-around-world-2014
  27. http://www.treasury.gov/press-center/press-releases/Documents/101212%20Tables%202%20and%203.pdf
  28. http://www.treasury.gov/press-center/press-releases/Documents/101212%20Tables%202%20and%203.pdf
  29. http://research.stlouisfed.org/fred2/series/BASE/
  30. http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm
  31. http://data.worldbank.org/indicator/FI.RES.TOTL.CD
  32. http://www.reuters.com/article/2015/03/24/us-usa-economy-inflation-idUSKBN0MK1DB20150324
  33. http://www.ffiec.gov/nicpubweb/nicweb/top50form.aspx
  34. http://fortune.com/fortune500/j-p-morgan-chase-co-18/
  35. http://fortune.com/fortune500/j-p-morgan-chase-co-18/
  36. http://fortune.com/fortune500/j-p-morgan-chase-co-18/
  37. http://fortune.com/fortune500/j-p-morgan-chase-co-18/
  38. http://hsprod.investis.com/ir/general-electric/sec_filings/jsp/sec_item_new.jsp?ipage=9427901&DSEQ=&SEQ=&SQDESC=&xcomp=1
  39. http://hsprod.investis.com/ir/general-electric/sec_filings/jsp/sec_item_new.jsp?ipage=9427901&DSEQ=&SEQ=&SQDESC=&xcomp=1
  40. http://hsprod.investis.com/ir/general-electric/sec_filings/jsp/sec_item_new.jsp?ipage=9427901&DSEQ=&SEQ=&SQDESC=&xcomp=1
  41. http://www.bea.gov/newsreleases/international/trade/2014/pdf/trad1213.pdf
  42. http://www.bea.gov/newsreleases/international/trade/2014/pdf/trad1213.pdf
  43. http://www.bea.gov/newsreleases/international/trade/2014/pdf/trad1213.pdf
  44. http://www.oecd.org/investment/FDI-in-Figures-Dec-2014.pdf
  45. http://www.oecd.org/investment/FDI-in-Figures-Dec-2014.pdf
  46. http://www.oecd.org/dac/stats/data.htm