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User:Mcnabber091/Economy of the United States

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United States

Population was 313.91 million in 2012.[1]

GDP was $16.245 billion in 2012.[2]

GDP per capita was $51,749 in 2012.[3]

PPP GDP per capita was $51,749 in in 2012.[4]

GDP growth rate was 2.8% in 2012.[5]

Regions

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There are 50 states in the United States.

Top ten regions by population

Rank Region Population 2013[6] GDP $ billions 2013[7] GDP per capita $ ____ GDP growth rate ____
1 California 38,332,521 2,051
2 Texas 26,448,193 1,388
3 New York 19,651127 1,267
4 Florida 19,552,860 751
5 Illinois 12,882,135 671
6 Pennsylvania 12,773,801 604
7 Ohio 11,570,808 526
8 Georgia 9,992,167 425
9 Michigan 9,895,622 408
10 North Carolina 9,848,060 440
  • List of United States states by population

Cities

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Top 10 cities by population in 2011

Rank City Population 2011[8] GDP $ billions 2011 GDP per capita $ billions ____ GDP growth rate ____
1 New York, NY 8,244,910 1,317*
2 Los Angeles, CA 3,819,702 732*
3 Chicago, IL 2,707,120 548*
4 Houston, TX 2,145,146 425*
5 Philadelphia, PH 1,536,471 352*
6 Phoenix, AZ 1,469,471 192*
7 San Antonio, TX 1,359,758 87*
8 San Diego, CA 1,359,758 169*
9 Dallas TX 1,223,229 399*
10 San Jose, CA 967,487 167*

GDP based on metropolitan area*. New York: New York-Newark-Jersey City. Los Angeles: Los Angeles-Long Beach-Anaheim. Chicago: Chicago-Naperville-Elgin. Houston: Houston-The Woodlands-Sugar Land. Philadelphia: Philadelphia-Camden-Wilmington. Pheonix: Pheonix-Mesa-Scottsdale. San Antonio: San Antonio-New Braufels. San Diego: San Diego-Carlsbad. Dallas: Dallas-Fort Worth-Arlington. San Jose: San Jose-Sunyvale-Santa Clara.

  • List of United States cities by population

Industries

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Industries by GDP in 2013[9]

Industry GDP $ billions 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

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The unemployment rate was 8.1% in 2012.[10]

Non-farm employment by industry in May 2014[11]

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

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Top 10 corporations by revenue in 2013[12]

Rank Corporation Revenue $ millions 2013 Profit $ millions 2013 Assets $ millions 2013 Liabilities $ millions 2013 Equity $ millions 2013 Market Cap $ millions (Mar. 31, 2014) Employees ____ Headquarters Industry
1 Wal-Mart Stores 476,294 16,022 204,751 76,255 246,806 Bentonville,AR Retail
2 Exxon Mobile 407,666 32,580 346,808 174,003 422,099 Irving, TX Oil and Gas
3 Chevron 220,356 21,423 253,753 149,113 227,015 San Ramon, CA Energy
4 Berkshire Hathaway 182,150 19,476 484,931 221,890 308,003 Omaha, NE Diversified
5 Apple 170,910 37,037 207,000 123,549 479,069 Cupertino, CA Technology
6 Phillips 66 161,175 3,726 49,798 21,950 45,282 Houston, TX Oil and Gas
7 General Motors 155,427 5,346 166,344 42,607 54,720 Detroit, MI Auto
8 Ford Motor 146,917 7,155 202,026 26,383 61,524 Detroit, MI Auto
9 General Electric 146,231 13,057 656,560 130,566 259,547 Fairfield, CT Diversified
10 Valero 137,758 2,720 47,260 19,460 28,276 San Antonio, TX Oil and Gas
  • List of United States corporations by revenue

Households

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The Gini Coefficient was 45.0 in 2007.[13]

The household wealth was $57.597 trillion (355% of GDP) in 2011.[14]

Consumer Assets in 2011[15]

Assets $ billions 2011 Percent of total
Housing 15,056 23%
Pension assets 12,487 18%
Stocks and mutual fund shares 11,878 17%
Deposits and money market funds 8,029 11%
Non-corporate business entity 7,364 10%
Government and corporate bonds 4,994 7%
Consumer durables 4,743 7%
Non-profit tangible assets 2,509 4%
Other securities 2,976 4%
Total assets 71,364 100%

Consumer Liabilities in 2011[16]

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%

Fiscal Budget

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The central government ran a budget balance of -$1.297 trillion (8.35% of GDP) in the fiscal year 2011.[17]

The central government public debt was $9.035 trillion (61.3% of GDP) in 2010.[18]

The general government debt was $19.997 trillion (123.1% of GDP) in Q4 2012.[19]

The central government ten year bond interest rate was 2.71% in April 2014.[20]

The personal income tax rate in 2013[21] was:

  • 15% for the $8,925 tax bracket
  • 28% for the $87,850 tax bracket
  • 33% for the $183,250 tax bracket
  • 35% for the $398,350 tax bracket
  • 39.6% for the $400,000 tax bracket

The corporate income tax rate was 35% in 2014.[22]

The capital gains tax rate was ___% in _____.

Fiscal Revenue fiscal year 2011[23]

Revenue by Source Revenue $ millions 2011 fiscal year 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%

Fiscal Expenses fiscal year 2011[24]

Expense by department Expense $ millions fiscal year 2011 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

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The monetary base was $2.612 trillion (16.08% of GDP) December 2013.[25]

The benchmark interest rate was 0.25% in 2014.[26]

Total reserves were $574 as billion (3.53% of GDP) in 2012.[27]

The exchange rate was 1/USD in 2014.[28]

The inflation rate was 1.7% in 2012.[29]

Commercial Banks

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Top ten banks by assets

Rank Bank Assets $ millions 12/31/13[30] Revenue $ millions 2013[31] Profit $ millions 2013[32] Liabilities $ millions 2013 Equity $ millions 2013[33] Market Cap $ millions Mar. 31, 2014[34] Employees ___ Headquarters[35]
1 JPMorgan Chase & Co. 2,415,689 106,283 17,923 211,178 229,793 New York, NY
2 Bank of America Corporation 2,104,995 101,697 11,431 232,685 181,086 Charlotte, NC
3 Citigroup Inc. 1,880,382 93,629 13,673 204,339 144,627 New York, NY
4 Wells Fargo & Company 1,527,015 88,069 21,878 170,142 261,218 San Francisco, CA
5 The Goldman Sachs Group Inc. 911,595 40,874 8,040 78,467 73,646 New York, NY
6 Morgan Stanley 832,702 36,848 2,932 65,921 61,581 New York, NY
7 American International Group Inc. 541,329 68,678 9,085 100,470 73,218 New York, NY
8 General Electric Capital Corporation 523,973 Fairfield, CT
9 The Bank of New York Mellon Corporation 374,310 15,691 2,111 37,521 40,056 New York, NY
10 U.S. Bancorp 364,021 21,059 5,836 41,113 78,008 Minneapolis, MN
  • List of financial institutions by assets

International Accounts

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The trade balance was -$440.423 billion (2.71% of GDP) in 2012.

Exports were $1.579 trillion (9.72% of GDP) in 2013.[36]

Imports were $2.240 trillion(13.79% of GDP) in 2013.[37]

Foreign direct investment inflows were $2.651 trillion (16.32% of GDP) in 2012.[38]

Foreign direct investment outflows were $4.453 trillion (27.41% of GDP) in 2012.[39]

References

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  1. ^ http://data.worldbank.org/indicator/SP.POP.TOTL
  2. ^ http://data.worldbank.org/indicator/NY.GDP.MKTP.CD
  3. ^ http://data.worldbank.org/indicator/SP.POP.TOTL
  4. ^ http://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD
  5. ^ http://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG
  6. ^ http://www.census.gov/popest/data/state/totals/2013/
  7. ^ http://www.bea.gov/newsreleases/regional/gdp_state/gsp_newsrelease.htm
  8. ^ http://www.census.gov/popest/data/metro/totals/2013/index.html
  9. ^ http://www.bea.gov/iTable/index_regional.cfm
  10. ^ http://data.worldbank.org/indicator/SL.UEM.TOTL.ZS
  11. ^ http://www.bls.gov/news.release/empsit.t17.htm
  12. ^ http://fortune.com/fortune500/wal-mart-stores-inc-1/
  13. ^ https://www.cia.gov/library/publications/the-world-factbook/rankorder/2172rank.html
  14. ^ http://www.federalreserve.gov/releases/z1/20111208/z1r-5.pdf
  15. ^ http://www.federalreserve.gov/releases/z1/20111208/z1r-5.pdf
  16. ^ http://www.federalreserve.gov/releases/z1/20111208/z1r-5.pdf
  17. ^ http://www.treasury.gov/press-center/press-releases/Documents/101212%20Tables%202%20and%203.pdf
  18. ^ http://stats.oecd.org/
  19. ^ http://stats.oecd.org/
  20. ^ http://elibrary-data.imf.org/DataReport.aspx?c=1449311&d=33061&e=169393
  21. ^ http://stats.oecd.org/index.aspx?DataSetCode=TABLE_I1
  22. ^ http://www.oecd.org/tax/tax-policy/tax-database.htm#pir
  23. ^ http://www.treasury.gov/press-center/press-releases/Documents/101212%20Tables%202%20and%203.pdf
  24. ^ http://www.treasury.gov/press-center/press-releases/Documents/101212%20Tables%202%20and%203.pdf
  25. ^ https://www.cia.gov/library/publications/the-world-factbook/rankorder/2214rank.html?countryname=United%20States&countrycode=us&regionCode=noa&rank=4#us
  26. ^ http://www.bloomberg.com/quote/FDTR:IND
  27. ^ http://data.worldbank.org/indicator/FI.RES.TOTL.CD
  28. ^ https://www.cia.gov/library/publications/the-world-factbook/
  29. ^ http://data.worldbank.org/indicator/NY.GDP.DEFL.KD.ZG
  30. ^ http://www.ffiec.gov/nicpubweb/nicweb/top50form.aspx
  31. ^ http://fortune.com/fortune500/j-p-morgan-chase-co-18/
  32. ^ http://fortune.com/fortune500/j-p-morgan-chase-co-18/
  33. ^ http://fortune.com/fortune500/j-p-morgan-chase-co-18/
  34. ^ http://fortune.com/fortune500/j-p-morgan-chase-co-18/
  35. ^ http://fortune.com/fortune500/j-p-morgan-chase-co-18/
  36. ^ http://www.census.gov/foreign-trade/Press-Release/2013pr/aip/related_party/rp13.pdf
  37. ^ http://www.census.gov/foreign-trade/Press-Release/2013pr/aip/related_party/rp13.pdf
  38. ^ http://cdis.imf.org/Default.aspx
  39. ^ http://cdis.imf.org/Default.aspx
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