Comparing the American economy

Comparing the American economy

The American economy packs a powerful punch.

You could fit the entire Argentinian economy inside Chicago.

According to HowMuch.net, American economy is larger than entire countries and continues to be the biggest in the world.

When measuring Gross Domestic Product (GDP), which is the total of all economic activity put down to one understandable numbers, we find the New York metropolitan area is almost as significant as the whole economy of Canada.

In other key findings, Nigerian economy has the size of San Francisco while the Houston-Woodlands-Sugar Land area ($442B) passes Ireland’s, Qatar’s, Nigeria’s, Finland’s, Greece’s, Vietnam’s, New Zealand’s, Poland’s, Thailand’s and Colombia’s total economy.

Solid growth for American GDP in 2016

2016 was a solid year for GDP across the U.S., according to the September report of the Bureau of Economic Analysis (BEA), as gross domestic product increased in 267 out of 382 metropolitan areas.

As of 2016, professional and business services grew 2.7 percent across the nation’s metropolitan areas.

Information services grew 6.5 percent while finance, insurance, real estate, rental, and leasing grew 1.2 percent.

Natural resources and mining declined 5.3 percent as the industry subtracted from growth in 169 metropolitan areas.

2018-02-09T15:49:35+00:00

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