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The United States of America, the world’s largest economy with a nominal GDP of $22.94 trillion, constitutes 24% of the world's economy. The U.S. is classified as a “mixed economy,” but is primarily service-oriented with a 77% contribution to GDP.
Energy is also an important factor, as the US is the world's top energy earner with more than $1.2 trillion in revenues. The US trails only China in total installed renewable energy capacity with 292 gigawatts, with growth projected to 600 GW by 2026.
The U.S. economy is projected to grow to $25.8 trillion by 2024 with its GDP per capita rising to $76,252 from the current $66,144.
The Richest Economy in the World
2021 US Nominal GDP (in trillions)
US GDP Per Capita (in thousands)
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