Post on 18-Nov-2014
description
By: Zulfiqar Alialiwali713@yahoo.com
Economy of USA
The Economy of USA
New York City, financial center of the United States Area Rank
9,826,675 km² 1st (nominal) / 1st (PPP)
Currency US$ (USD) Fiscal year October 1 – September 30
Statistics
GDP $16.8 trillion (September 2012)
GDP growth 1.9% (September 2012–September 2013)
GDP per capita $53,101 (2013) (9th, nominal; 6th, PPP)
GDP by sector Agriculture: 1.2%, industry: 19.2%, services: 79.6% (2012 est.)
Inflation (CPI) 1.5% (September 2012–September 2013)
Populationbelow poverty line
15.1% (2012)
Gini coefficient 0.48
Labor force
156 million (includes 12.088 mil. unemployed, September 2013)
Labor force by occupation
farming, forestry, and fishing: 0.7% manufacturing, extraction, transportation, and crafts: 20.3% managerial, professional, and technical: 37.3% sales and office: 24.2% other services: 17.6%
Unemployment 6.3% (September 2013) Average gross salary $49,000 (December 2013)
Main industries
highly diversified, world leading, high-technology innovator, second largest industrial output in world; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining
Ease of Doing Business Rank 4th
External Exports $1.57 trillion (2013 est.)
Export goods agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organic chemicals) 26.8%, capital goods (transistors, aircraft, motor vehicle parts, computers, telecommunications equipment) 49.0%, consumer goods (automobiles, medicines) 15.0%
Main export partners Canada 19%, Mexico 13.3%, China 7%, Japan 4.5% (2012)
Imports $2.30 trillion (2013 est.)
Import goods Agricultural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods 30.4% (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery), consumer goods 31.8% (automobiles, clothing, medicines, furniture, toys)
Main import partners China 19.3%, Canada 14.24%, Mexico 11.12%, Japan 6.14%, Germany 4.3% (2012)
Gross domestic product (GDP)
Market value of all officially recognized final goods and services produced within a country in a given period.
Gross domestic product (GDP)
2002 2003 2004 2005 2006 2007 2008 2009 2010 20110.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
10.59 11.0911.80
12.5613.31 13.96 14.22 13.86 14.45 15.09
GDP of USA
Year
GD
P in
Tril
lions
Gross domestic product (GDP) Growth Rate
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
-4.00%
-3.00%
-2.00%
-1.00%
0.00%
1.00%
2.00%
3.00%
4.00%
1.83%2.55%
3.48%3.08%
2.66%1.91%
-0.36%
-3.53%
3.02%
1.70%
GDP Growth Rate of USA
Year
GD
P G
row
th R
ate
GROSS NATIONAL PRODUCT (GNP)
Total income earned by the nation’s factors of production, regardless of where located
GROSS NATIONAL PRODUCT (GNP)
2002 2003 2004 2005 2006 2007 2008 2009 2010 20110.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
10.66 11.1411.91
12.7613.63 14.10 14.39 13.94 14.64 15.23
GNP of USA
Year
GN
P in
Tril
lions
GDP COMPARISON
US22%
China11%
India3%
Japan8%
Others65%
GDP(2012)
US32%
China3%
India1%
Others51%
Japan13%
GDP (2001)
INFLATION RATE
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
-1
0
1
2
3
4
5
1.6
2.32.7
3.4 3.22.8
3.8
-0.4
1.6
3.2
Inflation Rate in USA
Year
Infla
tion
Rate
%
UNEMPLOYMENT RATE
2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
2
4
6
8
10
12
5.8 6 5.5 5.1 4.6 4.65.8
9.3 9.69
Unemployment Rate in USA
Year
Une
mpl
oym
ent R
ate
%
WHOLESALE PRICE INDEX (WPI)
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 20000
20
40
60
80
100
120
140 127.73117.37
109.85120.45
109.69 104.67 10093.18 87.75 83.3 85.26 84.32
WPI of USA
year
wpi
INTERNATIONAL INVESTMENT POSITION (IIP)
2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000
-4,500,000
-4,000,000
-3,500,000
-3,000,000
-2,500,000
-2,000,000
-1,500,000
-1,000,000
-500,000
0
-4,030,250
-2,473,599-2,321,770
-3,260,158
-1,796,005-2,191,653
-1,932,149-2,253,026-2,093,794-2,044,631-1,875,032
-1,337,014
I IP of USA
Year
IIP
PPI
HUMAN DEVELOPMENT INDEX (HDI)
HUMAN DEVELOPMENT INDEX (HDI)
Human Development Index for USA
YearHuman
Development Index (HDI)
Life expectancy at
birth
Mean years of schooling
Expected years of
schooling
Gross National
Income (GNI) per capita
GNI per capita rank minus HDI
rank
Non Income HDI
2012 0.910 78.5 12.4 16.0 43,017 6 0.931
HUMAN DEVELOPMENT INDEX (HDI)
2000 2005 2006 2007 2008 2009 2010 20110.89
0.895
0.9
0.905
0.91
0.915
0.897
0.9020.904 0.905
0.907 0.9060.908
0.91
HDI for USA
Year
HD
I
Exports
Imports
Balance of Trade
Recent Fiscal and
Monetary Policy
Fiscal Deficit
$1.3 Trillion
Fiscal Deficit
More than 8% of GDP
Fiscal Deficit
Close to the 1930’s Deficit
US Borrowings
From Bank And InvestorsFrom Foreign GovernmentsFrom World Bank
US Borrowings 98% of GDP ($17.3 tril)
Revenues and Expenses
Revenues $2.77 trillion (individual income tax, 47.4%; social insurance, 34.2%; corporate taxes, 9.9%; other, 8.5% – 2013)
Expenses $3.45 trillion (Social Security, 23.2%; defence, 17.6%; Medicare, 14.3%;Medicaid, 7.7%; interest, 7.5%; unemployment, 2.0%; education, 2.0%; other, 25.7% – 2013)
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SUMMARY THOUGHTS
•Economic growth signals are still positive and consumption is apparently rebounding, while corporate earnings are strong.
GOOD
BAD
UGLY
Unemployment, Housing, Interest Rates, and Oil all loom as potential caution flags that could reverse the good news story
Government debt and overall debt are not going away as major issues that could reduce long term growth and lead to unpleasant outcomes
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Thank You