State of the Economy

The U.S. economy is the world's largest economy. Its nominal GDP was estimated at 14.3 trillion U.S. dollars in 2009, about a quarter of the nominal value of world GDP. Its GDP in purchasing power parity was also the largest in the world, roughly one fifth of world GDP in purchasing power parity. The U.S. economy also maintains a high level of GDP per capita. In 2009, an estimated GDP per capita (PPP) of $ 46,381, the highest in the world 6. This is due in part to the fact that 6 of the world's richest people are U.S. citizens, , which amplifies the national average income

Historically, the U.S. economyhas maintained a stable rate of overall GDP growth, low unemployment and high levels of research and capital investment funded by both national and, due to the decline in saving rates, increasingly by foreign investors. Has been the world's largest national economy since 1944 and remains the world's largest manufacturer, accounting for 19% of world manufacturing output. In 2009, consumer spending, along with the cost of government health care constituted 70% of the U.S. economy. Approximately 30% of the population of millionaires around the world reside in the United States (in 2009). Moreover, 40% of world's billionaires are Americans. The U.S. is also home to the world's largest exchange of securities, the New York Stock Exchange. It also has the largest reserve of gold and the world's largest gold deposit, the New York Federal Reserve. The United States is also home to 139 of the 500 largest companies in the world, which is almost double that of any other country. A large contributor to the country's success has also been a strong and stable currency. The U.S. dollar is about 60% of global reserves, compared to its main competitor, the euro, which controls about 24%.

Since the 1960's, the U.S. economy absorb the savings of the rest of the world. The phenomenon is the subject of debate among economists. U.S. is by far the most heavily invested "in the countries of the world, with foreign investments in the U.S. of nearly 2400 billion, which is more than double that of any other country. The U.S. also, by far the largest investors in the world with a U.S. investmentin foreign countries totaling more than $ 3.3 trillion, which is almost double that of any other country. Like other developed countries, the United States faces retiring "baby boomers" who have begun withdrawing from Social Security accounts, however, the U.S. population is young and growing compared with Europe or Japan . The public debt of the United States is more than $ 13 billion and growing at a rate of about $ 5,480,000,000 each day by direct calculation from January to August 31.2010 31.2010. and the public and private debt total was 50.2 trillion U.S. dollars at the end of the first quarter of 2010, or 3.5 times GDP . Household financial assets was 131 trillion U.S. dollars and domestic liabilities amounted to ...