Friday, January 1, 2016

What did the U.S. export in 2011? The U.S. contributes 24% of gross world product




United States export treemap (2011): The U.S. is the world's second-largest exporter.
The United States has a capitalist mixed economy which is fueled by abundant natural resources and high productivity.[388] According to the International Monetary Fund, the U.S. GDP of $16.8 trillion constitutes 24% of the gross world product at market exchange rates and over 19% of the gross world product at purchasing power parity (PPP).[389]
The US's nominal GDP is estimated to be $17.528 trillion as of 2014[390] From 1983 to 2008, U.S. real compounded annual GDP growth was 3.3%, compared to a 2.3% weighted average for the rest of the G7.[391] The country ranks ninth in the world in nominal GDP per capita and sixth in GDP per capita at PPP.[389] The U.S. dollar is the world's primary reserve currency.[392]
The United States is the largest importer of goods and second largest exporter, though exports per capita are relatively low. In 2010, the total U.S. trade deficit was $635 billion.[393] Canada, China, Mexico, Japan, and Germany are its top trading partners.[394] In 2010, oil was the largest import commodity, while transportation equipment was the country's largest export.[393] Japan is the largest foreign holder of U.S. public debt.[395] The largest holder of the U.S. debt are American entities, including federal government accounts and the Federal Reserve, who hold the majority of the debt.[396][397][398][399]
The Stockholm International Peace Research Institute, SIPRI, found that the United States' arms industry was the world's biggest exporter of major weapons from 2005–2009,[400] and remained the largest exporter of major weapons during a period between 2010–2014, followed by Russia, China (PRC), and Germany.[401]
In 2009, the private sector was estimated to constitute 86.4% of the economy, with federal government activity accounting for the 4.3% and state and local government activity (including federal transfers) the remaining 9.3%.[402] The number of employees at all levels of government outnumber those in manufacturing by 1.7 to 1.[403] While its economy has reached a postindustrial level of development and its service sector constitutes 67.8% of GDP, the United States remains an industrial power.[404] The leading business field by gross business receipts is wholesale and retail trade; by net income it is manufacturing.[405] In the franchising business model, McDonald's and Subway are the two most recognized brands in the world. Coca-Cola is the most recognized soft drink company in the world.[406]

end quote from:

United States - Wikipedia, the free encyclopedia

en.wikipedia.org/wiki/UnitedStates
The United States of America (USA), commonly referred to as the United States (U.S.) or America, is a federal republic [19] [20] composed of 50 states, a federal ...

Under the subheading of "Economy"

I saw the graphic and thought it quite interesting the way it shows what the U.S. exported in 2011. However, remember in 2011 we were still recovering from the Great Recession so it might be quite different than now. It only gives you a sample of what we did as a country in 2011 but this also likely is indicative in some ways of what other years might be like too. 

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