Economic Comparison Between Usa and Zimbabwe ( Macroeconomic)
Economic indicators:
USA vs. Zimbabwe
Background of U.S Economy
The United States has a capitalist mixed economy, which is fueled by rich natural resources, a well-developed infrastructure, and high productivity with a per capita GDP of $47,200. According to the International Monetary Fund, the U.S. GDP of $15 trillion constitutes 23% of the gross world product at market exchange rates and over 20% of the gross world product at purchasing power parity. Though larger than any other nations, its national GDP is about 5% smaller than the GDP of the European Union at PPP in 2008. The country ranks ninth in the world in nominal GDP per capita and sixth in GDP per capita at purchasing power parity. The U.S. dollar is the world's primary reserve currency.
The United States is the largest importer of goods and third largest exporter, though exports per capita are relatively low. In 2008, the total U.S. trade deficit was $696 billion. Canada, China, Mexico, Japan, and Germany are its top trading partners. In 2007, vehicles constituted both the leading import and leading export commodity. China is the largest foreign holder of U.S. public debt.
In 2009, the private sector was estimated to constitute 55.3% of the economy, with federal government activity accounting for 24.1% and state and local government activity (including federal transfers) the remaining 20.6%. While its economy has reached a postindustrial level of development and its service sector constitutes 67.8% of GDP, the United States remains an industrial power. The leading business field by gross business receipts is wholesale and retail trade; by net income it is manufacturing. Chemical products are the leading manufacturing field. The United States is the third largest producer of oil in the world, as well as its largest importer. It is the world's number one producer of electrical and nuclear energy, as well as liquid natural gas, sulfur, phosphates, and salt. While agriculture accounts for just less
USA vs. Zimbabwe
Background of U.S Economy
The United States has a capitalist mixed economy, which is fueled by rich natural resources, a well-developed infrastructure, and high productivity with a per capita GDP of $47,200. According to the International Monetary Fund, the U.S. GDP of $15 trillion constitutes 23% of the gross world product at market exchange rates and over 20% of the gross world product at purchasing power parity. Though larger than any other nations, its national GDP is about 5% smaller than the GDP of the European Union at PPP in 2008. The country ranks ninth in the world in nominal GDP per capita and sixth in GDP per capita at purchasing power parity. The U.S. dollar is the world's primary reserve currency.
The United States is the largest importer of goods and third largest exporter, though exports per capita are relatively low. In 2008, the total U.S. trade deficit was $696 billion. Canada, China, Mexico, Japan, and Germany are its top trading partners. In 2007, vehicles constituted both the leading import and leading export commodity. China is the largest foreign holder of U.S. public debt.
In 2009, the private sector was estimated to constitute 55.3% of the economy, with federal government activity accounting for 24.1% and state and local government activity (including federal transfers) the remaining 20.6%. While its economy has reached a postindustrial level of development and its service sector constitutes 67.8% of GDP, the United States remains an industrial power. The leading business field by gross business receipts is wholesale and retail trade; by net income it is manufacturing. Chemical products are the leading manufacturing field. The United States is the third largest producer of oil in the world, as well as its largest importer. It is the world's number one producer of electrical and nuclear energy, as well as liquid natural gas, sulfur, phosphates, and salt. While agriculture accounts for just less