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USA Economy in Brief – U.S. Dept. of State Publication

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USA Economy in Brief – Just-Released U.S. Dept. of State Publication
“For better or worse, the U.S. economy is at or near the top in a number of international rankings:

  • No. 1 in economic output, called gross domestic product, amounting to $13.13 trillion in 2006. With less than 5 percent of the world’s population, at about 302 million, the United States accounts, by different measures, for between 20 and 30 percent of world GDP. The GDP of just one state, California, amounting to $1.5 trillion in 2006, exceeded the GDP in all but about eight countries that year.
    No. 1 in total imports, some $2.2 trillion in 2006, about twice that for the country with the next highest level, Germany.
  • No. 2 in exports of goods, $1 trillion in 2006, behind only Germany, although China is predicted to surpass the United States in 2007.
  • No. 1 in exports of services, $422 billion in 2006.
  • No. 1 trade deficit, $758.5 billion in 2006, many times that of any other country.”

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