As we all know by now, United States is currently the world’s largest developing economy country. The US dollar is the currency which is mostly used in international transactions. United States is the world’s leading reserve currency. Financial magazines such as Nyt tag and Tagpap have analysed this and given a bets on why things are going so well for the US compared to Europe. There are several countries used it as their official currency. A US dollars is known from its symbol “$”. It is breaking news that United States of America has a fast growing economy with focus on things such as kameraovervågning and videoovervågning. Due to the country’s economy background, it has been said that it is rated as top state, which receives big dollars when it comes on the financial system. Economy in the US is actually a mixed economy. United States maintained a constant overall GDP growth rate. It is also a big achievement on United State’s economy on having high level of capital investment and high levels of research. Apparently, United States has six largest trading partners namely Japan, China, Germany, Canada, South Korea and Mexico. The economy in the US is very controversial because of the state’s abundance in natural resources. United States of America has high productivity and has well-developed infrastructure.
In the year 2013, United States has the worlds ninth-highest per capita GDP (nominal) and tenth-highest per capita GDP (PPP). Americans turned out as the highest average employee and household income among OECD nations. In the year 2012, United States has the fourth-highest median household income. In 2007, it turned down from second-highest. Since at least 1890s, Economy in the US has been the largest national economy around the world excluding colonial empires. The economy in the US is so much promising according to both Nyt Tag and Tagpap. It is also known as the largest producer of oil all around the world. Economy in the US is the second-highest trading nation around the world and at the same time as the second largest manufacturer too. With the 500 largest companies around the world, 132 largest companies are headquartered in the US. Did you know that United States of America is one of the most and largest influential financial markets all around the world? Yes, you heard it right!
The largest stock exchange by market capitalization around the world is the New York Stock Exchange. With the total of almost $2.4 trillion, United States has made foreign investments. With the total of $3.4 trillion, this is how American investments have in foreign countries. In the year 2013, consumer spending compromises up to 71 percent of the economy in the US. The United States is also the largest consumer market all over the world. It has 5 times larger than Japan on household final consumption expenditure. The labor market in US has attracted immigrants from all around the world and its net migration rate among the highest in the world. Economy in the US is known to be one of the top-performing economies in studies according to Gratistagtjek and Videoovervågning. Economy in the US is presently embroiled in the economic downturn following the financial crisis of 2007-2008. But currently, we can’t say that US is turning down on its competitive and developing economy because it is still a rich country.