07 April 2008
Economy: USA Facts in Brief
Collection of facts on the U.S. economy
(The following information is taken from the U.S. Department of State publication, USA Map with Facts in Brief.)
ECONOMY
Business (2003) Non-farm proprietorships – $19,710 billion. Partnerships – $2,375 billion. Corporations – $540,100 billion.
Corporate Profits Taxes and Dividends (2005): $1,352 billion.
Patents and Trademarks Issued (2005) – 157,700. Copyright Registration (2005) – 515,200 claims.
Imports/Exports (2005) Imports – $2.4 trillion [Deficit]. Exports – $1.7 trillion.
Energy Crude Petroleum (2004): $73 billion. Natural Gas marketplace production (2004) – $107 billion. Petroleum Products Supplied for Domestic Use (2004) – 7.6 millions of barrels. Energy Production (2006): $71 quadrillion BTUs.
Electric Power Industry Electricity (2006) – 3.7 trillion kilowatt hours (19.9% nuclear).
Gross Domestic Product (GDP: Total Value of Goods and Services Produced in the United States) 2005 – $12.5 trillion; 2004 – $11.7 trillion. Rate of Increase: 2004 – 4.2%; 2005 – 3.5%.
Consumer Price Index (CPI; Measure of Price Changes of the Vast Number of Goods and Services Purchased by Households) 2004 – 1.6%. 2005 – 2.7%
U.S. Foreign Economic and Military Aid Programs (2004) $33.4 billion.
Labor Force (2005) 149, 300,000. Percent of Population – 66.0%. Management, Professional, and Related Occupations – 49,245,000. Services – 23,133,000. Natural Resources, Construction, and Maintenance —15,348,000. Production, Transportation, and Material Occupations – 18,041,000. Labor Union Membership (2005) – 15,685,400.
Unemployment Rate (2005) 5.1% Number – 7,591,000. Per capita income (2005): $29,676. Persons not in labor force (2005) – 76,762,000.
Agricultural Production (2005) Milk Cows – 9,041,000. Milk – 75.5 billion kilograms. Corn – 75,107,000 bushels. Soybeans – 71,361,000 bushels. Wheat – 50,119,000 bushels. Greenhouse and Nursery Crops (2004) – 15,697,000,000. Nuts (2004) – 322,000,000 pounds. Hogs and Pigs (2005) – 61,327,000 number on farms. Quantity produced – 27.5 billion pounds. Value of production – $13.7 billion. Cattle and Calves – 97,102,000 head. Fresh Fruits and Vegetables (2005) – $10.6 billion. Poultry – $17.9 billion.
U.S. Farms (2005) Number of farms: 2,101,000. Total land in farms: 933,000,000 acres. Average acreage per farm: 444. U.S. cash receipts from farm marketings: Cattle and Calves – $47.3 billion. Dairy Products – $27.4 billion. Corn – $22.2 billion. Broilers – $20.5 billion.
Average U.S. Farm Real Estate Values, Including Land and Buildings – $20.5 billion.
Number of Farms by Type of Organization (2002) Individual or family-owned – 1,910,000. Partnerships – 130,000 Corporations – 74,000
Agricultural Imports/Exports (2005) Imports – $59.3 billion. Exports – $63.0 billion.
Did you know?
The U.S. economy is a market-oriented system, with most decisions made by private individuals and business and with government purchase of goods and services made predominantly in the marketplace. First paper money was issued in the colonies on February 3, 1690, when Massachusetts established a provincial bank and issued money in denominations from two shillings to five pound notes to pay the soldiers who served in the war with Quebec.
