UNITED STATES INDICATORS

U.S. ECONOMIC INDICATORS


Fast facts of the U.S. economy
-Currently US is the largest economy in the world with a nominal GDP of 13.25 trillion USD, 3 times larger than its nearest competitor.
-US has a very large deficit (this because they are the most important in the majority of countries trading partner).
-In accordance with the BIS, the USD is involved in 89% of currency transactions.
-The Federal Reserve (or FED, central bank of US) has two main objectives:
1. price stability
2. constant growth
-The USD is perceived as a strong and reliable worldwide currency, as a result many (mostly developing) countries fixed their currencies to the USD.