The USA is the world’s largest economy by nominal GDP and the third-largest by population. Although it has a vast amount of agricultural land (close to a billion acres) and is the world’s largest producer of maize (corn), agriculture accounts for 0.9% of economic output while industrial production accounts for 19.1%.
The USA has long been the largest producer of petrochemicals and aircraft and has recently overtaken Russia and Saudi Arabia to become the world’s largest producer of oil. However, the US economy is dominated by the services sector which accounts for 80.0% of GDP. Key service industries include real estate, finance and insurance, healthcare, retail and, increasingly, technology services.
The USA has been a leading exporter of technology since the late 19th century and today the largest American technology services companies, Microsoft, Amazon, Alphabet (Google’s parent) and Facebook, plus Apple (which derives an increasing proportion of its revenue from services), are the five most valuable companies in the world based on market capitalisation.
As well as assisting US corporations to carry out research in Europe, the Middle East and Asia, FieldworkHub also carries out research in the USA with capabilities in all major metro areas including New York, Chicago, Los Angeles, Dallas and Washington DC.
|Population (2020 estimate):||331 million|
|GDP (USD, 2018):||$20 544 billion|
|GDP per capita (International $ at PPP, 2018):||$62 795|
|Currency:||Dollar (USD or $)|
|Largest urban areas (by population, 2018 estimates):||New York/Newark (18.8 million)|
Los Angeles/Long Beach/Santa Ana (12.4 million)
Chicago (8.9 million)
Houston (6.1 million)
Dallas/Fort Worth (6.1 million)
Miami (6.0 million)