Economy of USA 2013-2014

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Economy of USA 2013-2014

  1. 1. By: Zulfiqar Ali aliwali713@yahoo.com
  2. 2. The Economy of USA New York City, financial center of the United States Area Rank 9,826,675 km² 1st (nominal) / 1st (PPP) Currency US$ (USD) Fiscal year October 1 – September 30
  3. 3. Statistics GDP $16.8 trillion (September 2012) GDP growth 1.9% (September 2012–September 2013) GDP per capita $53,101 (2013) (9th, nominal; 6th, PPP) GDP by sector Agriculture: 1.2%, industry: 19.2%, services: 79.6% (2012 est.) Inflation (CPI) 1.5% (September 2012–September 2013) Population below poverty line 15.1% (2012) Gini coefficient 0.48
  4. 4. Labor force 156 million (includes 12.088 mil. unemployed, September 2013) Labor force by occupation farming, forestry, and fishing: 0.7% manufacturing, extraction, transportation, and crafts: 20.3% managerial, professional, and technical: 37.3% sales and office: 24.2% other services: 17.6% Unemployment 6.3% (September 2013) Average gross salary $49,000 (December 2013) Main industries highly diversified, world leading, high-technology innovator, second largest industrial output in world; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber, mining Ease of Doing Business Rank 4th
  5. 5. External Exports $1.57 trillion (2013 est.) Export goods agricultural products (soybeans, fruit, corn) 9.2%, industrial supplies (organic chemicals) 26.8%, capital goods (transistors, aircraft, motor vehicle parts, computers, telecommunications equipment) 49.0%, consumer goods (automobiles, medicines) 15.0% Main export partners Canada 19%, Mexico 13.3%, China 7%, Japan 4.5% (2012) Imports $2.30 trillion (2013 est.)
  6. 6. Import goods Agricultural products 4.9%, industrial supplies 32.9% (crude oil 8.2%), capital goods 30.4% (computers, telecommunications equipment, motor vehicle parts, office machines, electric power machinery), consumer goods 31.8% (automobiles, clothing, medicines, furniture, toys) Main import partners China 19.3%, Canada 14.24%, Mexico 11.12%, Japan 6.14%, Germany 4.3% (2012)
  7. 7. Gross domestic product (GDP) Market value of all officially recognized final goods and services produced within a country in a given period.
  8. 8. Gross domestic product (GDP) 10.59 11.09 11.80 12.56 13.31 13.96 14.22 13.86 14.45 15.09 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 GDPinTrillions Year GDP of USA
  9. 9. Gross domestic product (GDP) Growth Rate 1.83% 2.55% 3.48% 3.08% 2.66% 1.91% -0.36% -3.53% 3.02% 1.70% -4.00% -3.00% -2.00% -1.00% 0.00% 1.00% 2.00% 3.00% 4.00% 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 GDPGrowthRate Year GDP Growth Rate of USA
  10. 10. GROSS NATIONAL PRODUCT (GNP) Total income earned by the nation’s factors of production, regardless of where located
  11. 11. GROSS NATIONAL PRODUCT (GNP) 10.66 11.14 11.91 12.76 13.63 14.10 14.39 13.94 14.64 15.23 0.00 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 GNPinTrillions Year GNP of USA
  12. 12. GDP COMPARISON US 22% China 11% India 3%Japan 8% Others 65% GDP(2012) US 32% China 3% India 1% Others 51% Japan 13% GDP (2001)
  13. 13. INFLATION RATE 1.6 2.3 2.7 3.4 3.2 2.8 3.8 -0.4 1.6 3.2 -1 -0.5 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 InflationRate% Year Inflation Rate in USA
  14. 14. UNEMPLOYMENT RATE 5.8 6 5.5 5.1 4.6 4.6 5.8 9.3 9.6 9 0 2 4 6 8 10 12 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 UnemploymentRate% Year Unemployment Rate in USA
  15. 15. WHOLESALE PRICE INDEX (WPI) 127.73 117.37 109.85 120.45 109.69 104.67 100 93.18 87.75 83.3 85.26 84.32 0 20 40 60 80 100 120 140 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 WPI YEAR WPI of USA
  16. 16. INTERNATIONAL INVESTMENT POSITION (IIP) -4,030,250 -2,473,599 -2,321,770 -3,260,158 -1,796,005 -2,191,653 -1,932,149 -2,253,026 -2,093,794-2,044,631 -1,875,032 -1,337,014 -4,500,000 -4,000,000 -3,500,000 -3,000,000 -2,500,000 -2,000,000 -1,500,000 -1,000,000 -500,000 0 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 IIP YEAR IIP of USA
  17. 17. PPI
  18. 18. HUMAN DEVELOPMENT INDEX (HDI)
  19. 19. HUMAN DEVELOPMENT INDEX (HDI) Human Development Index for USA Year Human Development Index (HDI) Life expectancy at birth Mean years of schooling Expected years of schooling Gross National Income (GNI) per capita GNI per capita rank minus HDI rank Non Income HDI 2012 0.910 78.5 12.4 16.0 43,017 6 0.931
  20. 20. HUMAN DEVELOPMENT INDEX (HDI) 0.897 0.902 0.904 0.905 0.907 0.906 0.908 0.91 0.89 0.895 0.9 0.905 0.91 0.915 2000 2005 2006 2007 2008 2009 2010 2011 HDI Year HDI for USA
  21. 21. Exports
  22. 22. Imports
  23. 23. Balance of Trade
  24. 24. Fiscal Deficit $1.3 Trillion
  25. 25. Fiscal Deficit More than 8% of GDP
  26. 26. Fiscal Deficit Close to the 1930’s Deficit
  27. 27. US Borrowings From Bank And Investors From Foreign Governments From World Bank
  28. 28. US Borrowings 98% of GDP ($17.3 tril)
  29. 29. Revenues $2.77 trillion (individual income tax, 47.4%; social insurance, 34.2%; corporate taxes, 9.9%; other, 8.5% – 2013) Expenses $3.45 trillion (Social Security, 23.2%; defence, 17.6%; Medicare, 14.3%;Medicaid, 7.7%; interest, 7.5%; unemployment, 2.0%; education, 2.0%; other, 25.7% – 2013)
  30. 30. 33 SUMMARY THOUGHTS •Economic growth signals are still positive and consumption is apparently rebounding, while corporate earnings are strong.GOOD BAD UGLY Unemployment, Housing, Interest Rates, and Oil all loom as potential caution flags that could reverse the good news story Government debt and overall debt are not going away as major issues that could reduce long term growth and lead to unpleasant outcomes
  31. 31. 34 Thank You

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