The Economy of the United States is the world's greatest economic power based on gross domestic product (GDP), historically ranking among the top countries in GDP per capita. Despite comprising less than 5% of the world's population, the U.S. generates approximately one-fifth of the world's economic output. Despite its ability to weather shocks, the U.S. economy faces challenges such as chronic trade deficits, stagnant household incomes, rising indebtedness, and income disparity. Below is an ... The US economy's performance has far-reaching effects on everyday Americans. Consumer spending, which accounts for about 70% of economic activity, reflects both confidence and challenges faced by households. The housing market, a key indicator of economic health, has seen fluctuations in affordability and demand across different regions. BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts. Latest news and headlines affecting the United States economy.
