ubiór-i-moda: United States

Evidence: 45 • authority: 72

The United States has a highly developed and diversified market-oriented economy. It is the world's largest economy by nominal GDP, generating 26% of global economic output. It is the second-largest by purchasing power parity (PPP). On a per capita basis, the U.S. ranks ninth-highest nominal GDP per capita and 10th-highest GDP per capita by PPP. The U.S. dollar is the world's foremost reserve currency with widespread international usage and serve as reference standard for the petrodollar and eurodollar. Since the end of World War II, the U.S. economy has achieved relatively steady growth, low unemployment and inflation, along with rapid advances in technology. The American economy is fueled…

Evidence: 45 • authority: 72

India has a developing market-oriented economy with substantial state participation in strategic sectors. As of April 2026, it is the world's sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). By per capita income, the nation ranks 149th by nominal GDP and 119th by PPP-adjusted GDP as of 2026. From independence in 1947 until 1991, economic development was characterised by protectionist economic policies, with extensive state intervention, central planning, public ownership of key industries, and regulation. An acute balance-of-payments crisis in 1991 led India to adopt broad economic liberalisation. Nearly 70% of India's GDP comes from domestic cons…

Evidence: 32 • authority: 72

The United Kingdom has a highly developed social market economy. In 2026, the United Kingdom is the fifth-largest national economy in the world measured by nominal gross domestic product (GDP), ninth-largest by purchasing power parity (PPP), and about 21st by nominal GDP per capita, constituting 3.33% of world GDP and 2.13% by purchasing power parity (PPP). The United Kingdom has one of the most globalised economies and comprises England, Scotland, Wales and Northern Ireland. In 2022, the United Kingdom was the fifth-largest exporter of goods and services in the world and the fourth-largest importer. It also had the fourth-largest outward foreign direct investment, and the fifteenth-largest…

Evidence: 24 • authority: 72

A country's gross domestic product (GDP) at purchasing power parity (PPP) per capita is the PPP value of all final goods and services produced within an economy in a given year, divided by the average (or mid-year) population for the same year. This is similar to nominal GDP per capita but adjusted for the cost of living in each country. In 2026, the estimated average GDP per capita (PPP) of all of the countries was $25,591. For rankings regarding wealth, see list of countries by wealth per adult.

Evidence: — • authority: 72

The economic history of the United States spans the colonial era through the 21st century. The initial settlements depended on agriculture and hunting/trapping, later adding international trade, manufacturing, and finally, services, to the point where agriculture represented less than 2% of GDP. Until the end of the Civil War, slavery was a significant factor in the agricultural economy of the southern states, and the South entered the second industrial revolution more slowly than the North. The US has been the world's largest economy since about 1900.

Evidence: — • authority: 72

Germany has a social market economy. As the largest economy in Europe by nominal GDP, Germany's highly developed economy is the third-largest by nominal GDP in the world, as well as the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but has ranked among the world's top four since 1960. In 2025, Germany accounted for 23.7% of the economy in the eurozone, with which it has achieved a high degree of economic integration. With a population of around 83,000,000 people, Germany represents the largest consumer market in the European Union. It is a founding member of both the European Union and the Eurozone. Germ…

Evidence: — • authority: 72

The People's Republic of China (PRC) has a socialist market economy, incorporating industrial policies and strategic five-year plans. China has the world's second-largest economy by nominal GDP and since 2016 has been the world's largest economy when measured by purchasing power parity (PPP). China accounted for 19% of the global economy in 2025 in PPP terms, and around 17% in nominal terms in 2025. The developing economy consists of state-owned enterprises (SOEs) and mixed-ownership enterprises, as well as a large domestic private sector which contribute approximately 60% of the GDP, 80% of urban employment and 90% of new jobs. China is the world's largest manufacturing industrial economy…

Evidence: — • authority: 72

This list of countries by largest historical GDP shows how the membership and rankings of the world's ten largest economies as measured by their gross domestic product has changed. While the United States has consistently had the world's largest economy for some time, in the last fifty years the world has seen both rises and falls in relative terms of the economies of other countries.

Evidence: — • authority: 72

The world economy or global economy is the economy of all humans in the world, referring to the global economic system, which includes all economic activities conducted both within and between nations, including production, consumption, economic management, work in general, financial transactions and trade of goods and services. In some contexts, the two terms are distinct: the "international" or "global economy" is measured separately and distinguished from national economies, while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use and exchange, the definitions, representations, models and val…

Evidence: — • authority: 72

This is a list of U.S. states and territories by gross domestic product (GDP). This article presents the 50 U.S. states and the District of Columbia and their nominal GDP at current prices. The data source for the list is the Bureau of Economic Analysis (BEA) in 2025. The BEA defined GDP by state as "the sum of value added from all industries in the state." Overall, in the calendar year 2025, the United States' Nominal GDP at Current Prices totaled at $30.762 trillion, as compared to $29.298 trillion in 2024. The three U.S. states with the highest GDPs were California ($4.251 trillion), Texas ($2.904 trillion), and New York ($2.468 trillion). The three U.S. states with the lowest GDPs were…

Evidence: — • authority: 92

The pig in the python: US decennial labor flows and economic opportunity, 1910-2040.. This analysis revisits the relative cohort size hypothesis proposed by demographer Richard Easterlin in the 1960s. Easterlin argued that the economic and social prospects of a generation are influenced by the size of the cohort relative to adjacent cohorts. He hypothesized that relative cohort size affects wages, employment, marriage, and fertility decisions. The theory fits the data well for the period from 1940 to 1980 but fails in later decades. I present a more nuanced view of the impact of demographic factors on worker competition through the lens of a measure of decennial labor-force flows. This appr…

Evidence: — • authority: 80

History of US Economy Since World War II