The 2018 US nominal GDP
stood at $20.66 trillion reported in Q3.
US Per capita nominal GDP
is $56,842, up from $55,767.
US Labor Force
162,637. Poverty rate 12.3%. Unemployed 6.3 million. Inflation is 2.5%.
US Government Revenue
is $3.3 trillion. Government Expense $4.1 trillion. Debt to GDP 130%.
US Imports $2.35
trillion. Exports $1.58 trillion. Imports from China 21.4% Exports to China 8%.
US oil production is
11.4 million barrels per day. We rank first ahead of Russia and Saudi Arabia
The US has been the
top producer of liquid natural gas since 2015. Russia is the top exporter.
The US produces 83.3
billion cubic feet per day of liquid natural gas
Tariffs are needed to
move manufacturing back to the US to protect intellectual property and restore
middle class jobs.
Aug 3, 2018 - Over the past year through July, U.S. manufacturing added 327000 jobs, the most of any 12-month period since April 1995.
GDP growth in 2018 is
reported as follows:
US GDP 2018
2018 Q1 2.2
2018 Q2 4.2
2018 Q3 3.5
2018 Q4 3.3 estimate
The US Trade Deficit
rose in 2018 as companies increased imports ahead of tariffs kicking in.
The improvements in
our US economy since 2017 are visible, especially where US energy is being
produced and manufacturing and construction jobs are being created. We are also
seeing more students and new grads getting jobs.
Continuing our
economic recovery is up to us and it requires that we increase productivity and
produce more at lower cost. We want other countries to do the same.
Norb Leahy, Dunwoody
GA Tea Party Leader
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