Economic outlay of USBy EasyUni Staff | Last modified 11 Nov 2017
The economy of the United States is the world's largest single national economy. Its GDP at purchasing power parity is also the largest of any single country in the world, approximately a fifth of the global total. The United States has a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate, and high levels of research and capital investment. Its five largest trading partners are Canada, China, Mexico, Japan, and Germany.
The U.S. is the world's third-largest producer of oil and second-largest producer of natural gas. It is the second-largest trading nation in the world behind China.
The U.S. economy has not recovered fully from the 2008 financial crisis and ensuing recession. High-tech companies are helping to drive the U.S. recovery, but even in Silicon Valley, California's high-tech center, the picture is mixed. At the same time the leisure and hospitality sector is hiring, and banking and professional services are also doing well. California's $44 billion farming industry helps feed the nation and is growing.
United States Industry Overview
Through the help of this chart above you can understand that the whole economy is more involved with the services sector and all the business that involve services, this has made United State flourish highly. This shows that any students considering or having graduated related to the services sector will have no difficulties in finding jobs or settling down in the United States.