![]() US commercial banks had $20 trillion in assets as of August 2020. ![]() has the world's highest number of billionaires, with a total wealth of $3.0 trillion. Of the world's 500 largest companies, 121 are headquartered in the U.S. total trade amounted to $4.2 trillion in 2018. not only has the largest internal market for goods, but also dominates the services trade. In 2016, it was the world's largest trading country as well as its third-largest manufacturer, representing a fifth of the global manufacturing output. It is the world's largest producer of petroleum and natural gas. īy 1890, the United States had overtaken the British Empire as the world's most productive economy. It has free trade agreements with several countries, including the USMCA, Australia, South Korea, Israel, and several others that are in effect or under negotiation. is the world's largest importer and second-largest exporter. ![]() trading partners are Canada, Mexico, China, Japan, Germany, South Korea, the United Kingdom, Taiwan, India, and Vietnam. has one of the world's highest income inequalities among the developed countries. In 2021, they had the highest median household income. Americans have the highest average household and employee income among OECD member states. The American economy is fueled by high productivity, transportation infrastructure, and extensive natural resources. Several countries use it as their official currency and in others it is the de facto currency. treasuries market, its role as the reference standard for the petrodollar system, and its linked eurodollar. dollar is the currency of record most used in international transactions and is the world's foremost reserve currency, backed by a large U.S. accounted for 24.7% of the global economy in 2022 in nominal terms, and around 15.5% in PPP terms. It has the world's seventh-highest per capita GDP (nominal) and the eighth-highest per capita GDP (PPP) as of 2022. It is the world's largest economy by nominal GDP, and the second-largest by purchasing power parity (PPP) behind China. The United States is a highly developed mixed economy.
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