The United States is a highly developed mixed-market economy and has the world’s largest nominal GDP and net wealth. It has the second-largest by purchasing power parity (PPP) behind China. It has the world’s seventh-highest per capita GDP (nominal) and the eighth-highest per capita GDP (PPP) as of 2020. Our share of the global economy is 15.78% in PPP terms in of 2. The United States have technologically robust and innovative economy in the world. Its firms are at or near the forefront of technological advances, especially in artificial intelligence, computers, pharmaceuticals, and medical, aerospace, and military equipment. United States has also recently opened AMAZON LOCATIONS!

     The U.S. home ownership rate in Q1 2018 was 64.2%, well below the all-time peak of 69.2% set in Q4 2004 during a housing bubble. The average home in the United States has more than 700 square feet per person (65 square meters), which is 50%–100% more than the average in other high-income countries

    The dollar is the currency most used in international transactions and is the world’s foremost reserve currency, backed by its economy, stable government, and military, its role as the reference standard for the petrodollar system, and its linked euro dollar with U.S treasuries market. Several countries use it as their official currency and in others, it is the de facto currency of the largest U.S.

    Trading partners are China, the European Union, Canada, Mexico, India, Japan, South Korea, the United kingdom, and Taiwan. It is the world’s largest importer and second-largest exporter. It has free trade agreements with several countries, including Australia, South Korea, Switzerland, Israel, and several others that are in effect or under negotiation. Abundant natural resources, a well-developed infrastructure, and high productivity fuel the nation’s economy. It has the second-highest total-estimated value of natural resources