United States: Difference between revisions

== History ==

{{Main|History of the United States}}

 

=== Indigenous peoples ===

{{further|Economic history of the United States|Tourism in the United States}}

[[File:US one dollar bill, obverse, series 2009.jpg|thumb|alt=see caption|The [[United States dollar|U.S. dollar]], the most-used currency in [[international trade|international transactions]] and the world's foremost [[reserve currency]]<ref name="federalreserve.gov">{{cite web |title=The Implementation of Monetary Policy – The Federal Reserve in the International Sphere |url=http://www.federalreserve.gov/pf/pdf/pf_4.pdf |access-date=August 24, 2010}}</ref>]]

 

The U.S. has been the world's [[List of countries by largest historical GDP|largest economy nominally since about 1890]].<ref>{{Cite journal |last=Fordham |first=Benjamin |date=October 2017 |title=Protectionist Empire: Trade, Tariffs, and United States Foreign Policy, 1890–1914 |url=http://dx.doi.org/10.1017/s0898588x17000116 |journal=Studies in American Political Development |volume=31 |issue=2 |pages=170–192 |doi=10.1017/s0898588x17000116 |s2cid=148917255 |issn=0898-588X}}</ref> The 2023 nominal U.S. gross domestic product (GDP) of $27&nbsp;trillion was the highest in the world, constituting over 25% of the global economy or 15% at [[purchasing power parity]] (PPP).<ref name="IMF-2023">{{cite web |title=Report for Selected Countries and Subjects |url=https://www.imf.org/en/Publications/WEO/weo-database/2023/April/weo-report?c=111,&s=NGDP_R,NGDP_RPCH,NGDP,NGDPD,PPPGDP,NGDP_D,NGDPRPC,NGDPRPPPPC,NGDPPC,NGDPDPC,PPPPC,NGAP_NPGDP,PPPSH,PPPEX,NID_NGDP,NGSD_NGDP,PCPI,PCPIPCH,PCPIE,PCPIEPCH,FLIBOR6,TM_RPCH,TMG_RPCH,TX_RPCH,TXG_RPCH,LUR,LE,LP,GGR,GGR_NGDP,GGX,GGX_NGDP,GGXCNL,GGXCNL_NGDP,GGSB,GGSB_NPGDP,GGXONLB,GGXONLB_NGDP,GGXWDN,GGXWDN_NGDP,GGXWDG,GGXWDG_NGDP,NGDP_FY,BCA,BCA_NGDPD,&sy=2021&ey=2023&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |website=Imf.org}}</ref><ref name="IMFWEO.US" /> From 1983 to 2008, U.S. real compounded annual GDP growth was 3.3%, compared to a 2.3% weighted average for the rest of the [[G7|Group of Seven]].<ref name="Hagopian">{{cite journal |author=Hagopian |first1=Kip |last2=Ohanian |first2=Lee |date=August 1, 2012 |title=The Mismeasure of Inequality |url=https://www.hoover.org/publications/policy-review/article/123566 |url-status=dead |journal=Policy Review |issue=174 |archive-url=https://web.archive.org/web/20131203012353/https://www.hoover.org/publications/policy-review/article/123566 |archive-date=December 3, 2013 |access-date=January 23, 2020 }}</ref> The country ranks first in the world [[List of countries by GDP (nominal)|by nominal GDP]],<ref>{{cite web|url=https://www.bea.gov/news/2023/gross-domestic-product-fourth-quarter-and-year-2022-third-estimate-gdp-industry-and|title=Gross Domestic Product, Fourth Quarter and Year 2022 (Third Estimate), GDP by Industry, and Corporate Profits|publisher=[[United States Department of Commerce|U.S. Department of Commerce]]}}</ref> second when [[List of countries by GDP (PPP)|adjusted for purchasing power parities]] (PPP),<ref name="IMFWEO.US" /> and ninth [[List of countries by GDP (PPP) per capita|by PPP-adjusted GDP per capita]].<ref name="IMFWEO.US" /> It possesses the [[Disposable household and per capita income#Disposable income per capita (OECD)|highest disposable household income per capita]] among [[OECD]] countries.<ref>{{cite web |title=Household disposable income |url=https://data.oecd.org/hha/household-disposable-income.htm |website=OECD Data |language=en}}</ref>