the united states has one of the most diversified and most technologically advanced economies in the...

GDP OF USA

The United States has one of the most diversified and most technologically advanced economies in the world. Finance, insurance, real estate, rental, leasing, health care, social assistance, professional, business and educational services account for more than 40 percent of GDP. Retail and wholesale trade creates another 12 percent of the wealth. The government related services fuel 13 percent of GDP. Utilities, transportation and warehousing and information account for 10 percent of the GDP. Manufacturing, mining, and construction constitute 17 percent of the output. Agriculture accounts for only 1.5 percent of the GDP

TRADE BALANCE

 The United States recorded a trade deficit of 44392 USD Million in May of 2014. Balance of Trade in the United States averaged -12539.52 USD Million from 1950 until 2014, reaching an all time high of 1946 USD Million in June of 1975 and a record low of -67823 USD Million in August of 2006. Balance of Trade in the United States is reported by the U.S. Census Bureau.

 PERSONAL INCOME AND SPENDING

This economic indicator helps gauge the strength of the consumer sector in the United States. Because consumer spending equates to such a large portion of the country's GDP, being able to gauge trends in income and spending is very important to investors, as it indicates the overall strength of the economy.

MANUFACTURING AND TRADE INVENTORIES AND SALES

U.S. and group totals include kinds of business not shown. The Manufacturing and Trade Inventory and Sales estimates are based on data from three surveys: the Monthly Retail Trade Survey, the Monthly Wholesale Trade Survey, and the Manufacturers’ Shipments, Inventories, and Orders Survey. The sampling variability for retailers and merchant wholesalers can be used to construct a 90 percent confidence interval for the estimates. Over all possible samples, 90 percent of such intervals will cover the true estimate.

ANALYSIS

Between 2000 and 2007, the last full business cycle before the start of the Great Recession, productivity grew 16.0 percent. However, compensation grew by just 9.4 percent over this period as measured by the LCP program, by only 5.5 percent in the ECI, and by just 7.2 percent in the ECEC. Wages grew just 2.4 percent as measured by the ECI, 5.0 percent as measured by the ECEC, and 3.3 percent for production and nonsupervisory workers in the CES.

ANALYSIS (CONT…)

It shows that there has been no sustained growth in average compensation since 2004. The stagnation began even earlier, in 2003, when considering wages alone. 

We turn now to an investigation of private-sector compensation and wage growth by occupation, using data drawn from the Employment Cost Index (ECI), whose aggregate trends were discussed in the previous sections. We focus this discussion on , which provides trends in total private-sector compensation over 2001–2013

ANALYSIS (CONT…)

Between 2007 and 2012, compensation for all private-sector occupations combined was unchanged despite productivity growth of 7.7 percent. Stagnant compensation was not restricted to certain types of jobs, but was instead the norm in white-collar, blue-collar, and service jobs, with little variation among occupational categories. Among white-collar occupations, compensation remained unchanged for managers and professionals, while it declined 2.2 percent for sales jobs

ANALYSIS (CONT…)

Over the last year, from the first half of 2012 to the first half of 2013, compensation among all occupations combined grew just 0.3 percent, partially reversing the 0.4 percent decline from the first half of 2011 to the first half of 2012. Across occupational categories there was little variation (ranging from growth of 0.1 percent over the last year in construction and service occupations to a 0.6 percent increase in installation and maintenance). However, this modest acceleration in real compensation stems partly from a deceleration of inflation that is unlikely to continue

PART 2

CHINA VS USA

Particulars China USA

Exports $1.97 trillion Ranked 1st. 26% more than United States

$1.56 trillion Ranked 2nd

GDP $8.36 trillion Ranked 3rd

$15.68 trillion Ranked 2nd. 88% more than China

Gross National Income $1.13 trillion Ranked 6th.

$9.78 trillion Ranked 1st. 9 times more than China

Unemployment rate 6.5% Ranked 67th.

8.1% Ranked 47th. 25% more than China

JAPAN VS USA

Particulars Japan USA

Exports $776.60 billion Ranked 4th.

$1.56 trillion Ranked 2nd

GDP $5.96 trillion Ranked 4th.

$15.68 trillion Ranked 2nd. 

Gross National Income $4.52 trillion Ranked 2nd.

$9.78 trillion Ranked 1st. 

Unemployment rate 4.4% Ranked 94th.

8.1% Ranked 47th.

GERMANY VS USA

Particulars Germany USA

Exports $1.46 trillion Ranked 3rd.

$1.56 trillion Ranked 2nd

GDP $3.40 trillion Ranked 5th.

$15.68 trillion Ranked 2nd. 

Gross National Income $1.94 trillion Ranked 3rd.

$9.78 trillion Ranked 1st. 

Unemployment rate 5.5% Ranked 81st.

8.1% Ranked 47th.

ANALYSIS

Over the 20-year history of the Index, the U.S.’s economic freedom has fluctuated significantly. During the first 10 years, its score rose gradually, and it joined the ranks of the economically “free” in 2006. Since then, it has suffered a dramatic decline of almost 6 points, with particularly large losses in property rights, freedom from corruption, and control of government spending. The U.S. is the only country to have recorded a loss of economic freedom each of the past seven years. The overall U.S. score decline from 1995 to 2014 is 1.2 points, the fourth worst drop among advanced economies.

BELGIUM VS USA

Particulars Belgium USA

Exports $302.40 billion Ranked 18th.

$1.56 trillion Ranked 2nd

GDP $483.71 billion Ranked 25th.

$15.68 trillion Ranked 2nd. 

Gross National Income $245.00 billion Ranked 18th.

$9.78 trillion Ranked 1st. 

Unemployment rate 7.6% Ranked 55th.

8.1% Ranked 47th.

POLAND VS USA

Particulars Poland USA

Exports $191.00 billion Ranked 26th.

$1.56 trillion Ranked 2nd

GDP $489.80 billion Ranked 24th.

$15.68 trillion Ranked 2nd. 

Gross National Income $164.00 billion Ranked 23th.

$9.78 trillion Ranked 1st. 

Unemployment rate 12.8% Ranked 28th. 58% more than United States

8.1% Ranked 47th.

NORWAY VS USA

Particulars Norway USA

Exports $166.00 billion Ranked 29th.

$1.56 trillion Ranked 2nd

GDP $499.67 billion Ranked 23th.

$15.68 trillion Ranked 2nd. 

Gross National Income $161.00 billion Ranked 25th.

$9.78 trillion Ranked 1st. 

Unemployment rate 3.2% Ranked 101st.

8.1% Ranked 47th.

ANALYSIS

The US dollar is utilized within most global transactions, so it makes sense that anything that happens with the US economy will influence worldwide funds in a generous manner. As the United States Federal Reserve raises premium rates, the remote trade estimation of the dollar generally goes up too. One of the greatest ways the US influences the world's economy

DENMARK VS USA

Particulars Denmark USA

Exports $104.90 billion Ranked 36th.

$1.56 trillion Ranked 2nd

GDP $314.24 billion Ranked 32nd.

$15.68 trillion Ranked 2nd. 

Gross National Income $164.00 billion Ranked 24th.

$9.78 trillion Ranked 1st. 

Unemployment rate 6% Ranked 75th.

8.1% Ranked 47th.

FINLAND VS. USA

Particulars Finland USA

Exports $76.46 billion Ranked 46th.

$1.56 trillion Ranked 2nd

GDP $250.02 billion Ranked 40th.

$15.68 trillion Ranked 2nd. 

Gross National Income $123.00 billion Ranked 27th.

$9.78 trillion Ranked 1st. 

Unemployment rate 7.8% Ranked 54th.

8.1% Ranked 47th.

SOUTH AFRICA VS USA

Particulars South Africa USA

Exports $93.48 billion Ranked 40th.

$1.56 trillion Ranked 2nd

GDP $384.31 billion Ranked 28th.

$15.68 trillion Ranked 2nd. 

Gross National Income $122.00 billion Ranked 28th.

$9.78 trillion Ranked 1st. 

Unemployment rate 25.1% Ranked 6th. 3 times more than United States

8.1% Ranked 47th.

ANALYSIS

Despite the fact that U.S. yield and benefit have gotten throughout the most recent year, delicate quality in our work market has propelled inquiries concerning financial occasion’s abroad setting off a turnaround here. Will blasts of development from our main exchanging accomplices provide for us a push? The chances look thin. Somehow, this is something we'll need to do on our own. Although the interconnections that make up the world economy are well known, some incomprehensible details about the United States appear to be not to be completely appreciated.