The United States is a country located in North America bordering the Atlantic Ocean and Pacific Ocean. Neighboring countries are Canada and Mexico. The geography of the United States is varied with mountains in the west, a broad central plain, and low mountains in the east. The government system is a constitution-based federal republic with a strong democratic tradition; the chief of state and head of government is the president. The United States has an advanced mixed economyA country's economic system which has both private and state... in which there is a variety of private freedom, combined with centralized economic planning and government regulation. United States is a member of the Asia-Pacific Economic Cooperation (APEC), the North American Free Trade AgreementAn agreement, usually between countries, to limit or change ... (NAFTA), and the Trans-Pacific PartnershipA business which is owned by two or more people, all sharing... (TPP).
The U.S. public debtAlso known as National Debt. The total amount of money owed ... was $909 billion in 1980, an amount equal to 33% of America’s gross domestic productCommonly abbreviated to GDP, Gross Domestic Product is a ver... (GDP); by 1990, that number had more than tripled to $3.2 trillion – or 56% of GDP. In 2001 the national debtThe total amount of money owed by a nation's government. was $5.7 trillion; however, the debt-to-GDP ratio remained at 1990 levels. DebtMoney owed to another person or organisation, such as a loan... levels rose quickly in the following decade, and on January 28, 2010, the US debtMoney owed to another person or organisation, such as a loan... ceiling was raised to $14.3 trillion. Based on the 2010 United States federal budgetAllocation of funds or the estimation of costs for a departm..., total national debtThe total amount of money owed by a nation's government. will grow to nearly 100% of GDP, versus a level of approximately 80% in early 2009. The White House estimates that the government’s tab for servicing the debtMoney owed to another person or organisation, such as a loan... will exceed $700 billion a year in 2019, up from $202 billion in 2009. The U.S. Treasury statistics indicate that, at the end of 2006, non-US citizens and institutions held 44% of federal debtMoney owed to another person or organisation, such as a loan... held by the public. As of 2014, China, holding $1.26 trillion in treasury bonds, is the largest foreign financier of the U.S. public debtAlso known as National Debt. The total amount of money owed ....
In July 2010, the president signed the DODD-FRANK Wall StreetA street in Lower Manhattan where the New York Stock Exchang... Reform and Consumer ProtectionLaws which protect consumers against unsafe or defective pro... Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are “too big to fail,” and improving accountability and transparency in the financial system – in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight.
In December 2012, the Federal Reserve Board (Fed) announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemploymentAn economic situation in which jobless people, often those w... dropped below 6.5% or inflationNormally referring to the economy of a country, inflation is... rose above 2.5%. In late 2013, the Fed announced that it would begin scaling back long-term bondThe financial meaning of a bond is normally a debt/investmen... purchases to $75 billion per month in January 2014 and further reduce them as conditions warranted; the Fed ended the purchases during the summer of 2014. In 2014, the unemploymentAn economic situation in which jobless people, often those w... rate dropped to 6.2%, and continued to fall to 5.5% by mid-2015, the lowest rate of joblessness since before the global recession began; inflationNormally referring to the economy of a country, inflation is... stood at 1.7%, and public debtAlso known as National Debt. The total amount of money owed ... as a shareAny of the equal units into which a company's capital stock ... of GDP continued to decline, following several years of increases.
Important Details
- Country ISO3 : USA
- Country Code : 840
- Income Group : High income
- Lending Category : NA
- Region : North America
- Currency Unit: U.S. dollar
- WTO Member : Yes
- TradeThe buying and selling or exchange of goods and services. Th... organisations : WTO
- world rank : 11
- Regional Ranking : 2nd in North America
