United States is considered the most influential country in the world, due to its great economic power whose nominal GDP is estimated at more than $ 17.2 trillion to March 2017 what represents a quarter of the nominal GDP around the world. It is worth mentioning also that United States maintains a level of high production reflected in its GDP per Capita (PPP), which is estimated at $53042 it ranks it in seventh place in the world rankings, this confirms once more to the United States as one of the Nations ma the world’s rich and powerful.

The great influence of the US economy in the world has turned to its official currency the dollar as the unit of universal Commerce, likewise its official language has been imposed as the language of global communication.

united states economy model

America’s economic model is capitalist misto type and over time it has managed to maintain its development reflected in the stable figures of GDP, in the same way the unemployment rate is among the lowest in the world, which has brought about a high growth to in migration around the world wanting to achieve the American dream.

Currently most of the United States economy relies on the services sector without neglecting the industrial sector, which specializes in high-tech thus representing 20% of the world production and concentrating 133 companies of 500 the world’s largest companies. Its major allies economically are China, Canada and Mexico.

Economic sectors of United States

Primary sector

Agriculture: the variety of soils and climatic conditions allow the United States to produce a wide variety of agricultural products from the regions of the North. Technological development as well as the investment of the Government in this sector has facilitated the production becoming agricultural power around the world to the United States. Within cultures that occur on U.S. soil also stands out of cereals (wheat and maize) 77.83 million hectares, cotton with 16% of world production, 23, 45 million hectares of soy and other products in smaller amounts as mani, tobacco, sugar cane and sugar beet.

agriculture in united states

Livestock: U.S. stands globally in livestock not by the number of heads if not for the performance of the products, which highlights factors as balance between agricultural production and animal husbandry. Animals that mostly occur within vaccines, porcine and bovine species stand out, it should be named that United States is the world’s first producer of meat, milkand butter and eggs .

Underground products: Within the scope of the natural resources of the United States said that the greatest wealth is in the basement, which has a third of the world’s reserves of coal with an estimated production of 22% of global consumption. Also oil stands out among the exploited underground products, standing out the deposits of Texas (30% of the national production), Louisiana (15%), Alaska (20%) and California (13%) is worth mentioning that the refining capacity is 15 000 million barrels per day and its reserves are calculated at 22 300 million barrels (130 of the world’s largest).

Secondary sector

In this sector s e highlights industry which contributes 20.3% of GDP, the industry sector focuses basically on three regions characterized by producing certain types of products. The first region is located in northeast from Lake Erie to the Atlantic Ocean and where most of the country’s heavy industry is located, its market is based on the production of iron and steel whereas the aluminum and steel as the main products. The second region is located in the Southeast in which focuses the technological production as well as petrochemical and metallurgical production. Finally the industrial region of the West which has been benefited due to the economic boost in last 5 decades, this area highlights industry aeronautical industry military for the production of firearms ammunition and explosives in the same way also highlighted the numerous companies of electronic technology (Facebook, Google, Android, Microsoft, HP ) among others.

industry in united states

Tertiary sector

Services highlights the transport sector thanks to the extensive network of railways which amounts to the 278 245 km covering most of the United States, the most important railway lines are Central Pacific , Northern Pacific and Southern Pacific . Additionally, the road network is 6 546 799 km and the number of vehicles that they pass through them is approaching 200 million. United States on the other hand has a wide range of public and private services which generates 75% of the GDP and takes up to 68% of the workforce, as well asl most important activities correspond to the banking, insurance, school, Research, transport , trade and tourism.

United States Railways