The United States’ economic freedom score is 74.8, making its economy the 20th freest in the 2021 Index. Its overall score has decreased by 1.8 points, primarily because of a decline in fiscal health.
Q. What countries have a better economy than the US?
The U.S. has a significantly bigger economy than countries like China and India, but the U.S. also has significantly fewer people….Top 10 Largest Countries by GDP (2019)
Table of Contents
- Q. What countries have a better economy than the US?
- Q. Where does US rank in economy?
- Q. What country is #1 in economics?
- Q. What kind of economy is the USA?
- Q. How many trillion is US economy?
- Q. Where does the US rank in freedom?
- Q. How big is the US economy compared to other countries?
- Q. How does the United States compare to the rest of the world?
- Q. Which is the largest state economy in the United States?
- Q. How does China compare to the United States?
| Country | GDP (2019) | % Of Total World GDP |
|---|---|---|
| 1. United States | $21.43T | 24.42% |
| 2. China | $14.34T | 16.34% |
| 3. Japan | $5.08T | 5.79% |
| 4. Germany | $3.85T | 4.38% |
Q. Where does US rank in economy?
Economy of the United States
| Statistics | |
|---|---|
| GDP rank | 1st (nominal; 2021) 2nd (PPP; 2021) |
| GDP growth | 2.9% (2018) 2.3% (2019) −3.5% (2020) 7.39% (2021e) |
| GDP per capita | $68,310 (2021 est.) |
| GDP per capita rank | 5th (nominal; 2021) 8th (PPP; 2021) |
Q. What country is #1 in economics?
1. United States: USD 25.3 trillion in 2024. FocusEconomics panelists see the U.S. retaining its title as the world’s largest economy, with a forecast for nominal GDP of USD 25.3 trillion in 2024.
Q. What kind of economy is the USA?
Created by the United States Constitution, the U.S. has a mixed economy, meaning that it combines elements of the command and market economic models. In terms of consumer goods and business services, the United States economy operates as a free market.
Q. How many trillion is US economy?
GDP by Country
| # | Country | GDP (abbrev.) |
|---|---|---|
| 1 | United States | $19.485 trillion |
| 2 | China | $12.238 trillion |
| 3 | Japan | $4.872 trillion |
| 4 | Germany | $3.693 trillion |
Q. Where does the US rank in freedom?
In 2019, United States has dropped to rank 15 according to The Human Freedom Index.
Q. How big is the US economy compared to other countries?
It’s pretty difficult to even comprehend how ridiculously large the US economy is, and the map above helps put America’s Gross Domestic Product (GDP) of $20.5 trillion ($20,500,000,000,000) in 2018 into perspective by comparing the economic size (GDP) of individual US states to other country’s entire national output. For example:
Q. How does the United States compare to the rest of the world?
Despite the high economic growth rates of developing nations, the United States is by far the world’s wealthiest nation, as measured by gross domestic product (GDP) — the broadest measure of economic wealth. The rest of the world doesn’t even come close. This year, U.S. GDP should hit $18 trillion.
Q. Which is the largest state economy in the United States?
For example: America’s largest state economy is California, which produced nearly $3 trillion of economic output in 2018, more than the United Kingdom’s GDP last year of $2.8 trillion. Consider this: California has a labor force of 19.6 million compared to the labor force in the UK of 34 million ( World Bank data here ).
Q. How does China compare to the United States?
Within the United States, $50,000 in Kansas buys you a lot more than it does in Manhattan. That’s why on a purchasing power basis, China’s economy has already surpassed the United States, while in absolute terms it’s only about 60% of the size of the United States.
