EURUSD 1.1787 USDJPY 112.14 USDCAD 1.2774 EURCZK 25.557 USDCZK 21.677 EURPLN 4.2304 USDPLN 3.5887
EURUSD 1.1787 USDJPY 112.14 USDCAD 1.2774 EURCZK 25.557 USDCZK 21.677 EURPLN 4.2304 USDPLN 3.5887

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Traders around the world follow the development of economic conditions in the United States in the closest details

Rule of thumb

The main sectors of the economy is industry, second in the world and accounting for 22% of the GDP, with technology, petroleum and steel as the leading industries.

 

Services account for 77% of the GDP, with finance and banking as the leading sectors.

 

The impact of agriculture on the GDP is minimal, as it accounts for around 1% of the GDP, with wheat, corn and beef as the main products.

The United States is the biggest economy in the world in terms of the GDP value, with China and Japan in the second and third places respectively. It is also one of the largest countries with a market-oriented economy, both in terms of geography and demographic conditions.

 

usa, economy

 

One of the main characteristics, in the case of this country, is the importance of the individual consumers as the driving factor of the United States and global economy. Populated by approx. 309 million  people, with approx. 47’000 USD nominal GDP value per capita, the United States have immense influence on the economic situation in Europe and Asia and other regions.

 

It is considered to be the most technologically advanced economy in the world, with significant emphasis placed on the research and development, both in public and private sectors. In the United States companies and individuals have probably the greatest flexibility in terms of new product development, human resources management and what is very important from  an economical point of view, possibilities to obtain capital. It is common in the United States that the priorities, in respect to the usage of national resources, are shifted in accordance with the requirements of the actual foreign policy. Frequent conflicts on the international stage, that involve the USA, engage the military sector of the industry, as well as  increasing  oil consumption. The typical result is  rising oil prices and the USA, even though it is the third largest oil producer in the world,  is  the number one world oil importer.

 

Because the United States is a country with significant output in the world production, and the US dollar participates in approx. 85% of  international currency transactions, many economical indicators are followed by traders and investors.

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