The economy of the USA

Exports

US exports were worth $185 Billion in June of 2012. Historically, from 1992 until 2012, the US Exports averaged $99787.6500 Million  reaching an all time high of $184972.0000 Million in June of 2012 and a record low of $50044.0000 Million  in May of 1992. United States is the world's 3rd largest exporter. Main exports are: machinery and equipment, industrial supplies, non-auto consumer goods, motor vehicles and parts, aircraft and parts, food, feed and beverages. Main exports partners are: Canada, European Union, Mexico, China and Japan. 

 Imports

United States imports were worth $227.9 Billion in June of 2012. Historically, from 1992 until 2012, the United States Imports averaged $131450.7200 Million  reaching an all time high of $237061.0000 Million in March of 2012 and a record low of $52277.0000 Million in January of 1992. United States is the world's 2nd larger importer. Its main imports are: non-auto consumer goods, fuels, production machinery and equipment, non-fuel industrial supplies, motor vehicles and parts, food, feed and beverages. Main imports partners are: European Union, China, Canada, Mexico and Japan.

 Unemployment Rates

The unemployment rate in the United States has increased to 8.3% in July of 2012 as discouraged workers returned to the labor market. Historically, from 1948 until 2012, the United States Unemployment Rate averaged 5.7900% reaching an all time high of 10.8000%  in November of 1982 and a record low of 2.5000% in May of 1953. 

 GDP

The GDP in the United States was worth $15094.00 billion in 2011, according to a report published by the World Bank. The GDP value of the United States is roughly equivalent to 24.35% of the world economy. Historically, from 1960 until 2011, the United States GDP averaged $5525.3300 billion reaching an all time high of $15094.0000 billion in December of 2011 and a record low of $520.5300 billion in December of 1960.

 GDP Growth Rate

The GDP in the United States expanded 1.70% in the second quarter of 2012 over the previous quarter. Historically, from 1947 until 2012, the United States GDP Growth Rate averaged 3.2500% reaching an all time high of 17.2000% in March of 1950 and a record low of -10.4000% in March of 1958. The GDP growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. The economy of the United States is the largest in the world. The United States is a market-oriented economy where private individuals and business firms make most of the decisions,. The federal and state governments buy needed goods and services predominantly in the private marketplace.

 Population

Historically, from 1960 until 2011, the United States Population averaged 243.3800 Million reaching an all time high of 311.5900 Million in December of 2011 and a record low of 180.6700 Million in December of 1960. The total population in the United States was last reported at 311.0 million people in 2010 from 180.7 million in 1960, changing 72% during the last 50 years. The United States has 4.51% of the world´s total population which means that one person in every 22 people on the planet is a resident of the United States.