Friday, August 23, 2019

Economy of the United States 2013

This post is a representation of the U.S. economy in 2013. The statistics are around the year 2013 and from multiple sources listed at the bottom of this page. The data in this post is from econfactbook.org. An explanation of this post and Econ Factbook be found at this link.

United States



Population: 319 million in 2014
GDP: $16.8 trillion in 2013
GDP per capita: $53,042 nominal in 2013
GDP growth rate: 2.4% in 2014

Industries


GDP by industry 2013

Real estate, rental and leasing: 13%
Manufacturing: 13%
State and local government: 8.9%
Educational services, healthcare and social assistance: 8.3%
Professional, scientific and technical services: 7.0%
Finance and insurance: 6.6%
Wholesale trade: 5.9%
Retail trade: 5.9%
Information: 4.8%
Federal government: 4.2%
Arts, entertainment, recreation, food services: 3.7%
Construction: 3.6%
Administrative and waste management services: 3.0%
Transportation and warehousing: 2.9%
Mining: 2.7%
Other services: 2.1%
Management of companies and enterprises: 2.0%
Utilities: 1.7%
Agriculture, forestry, fishing and hunting: 1.6%

Employment


Unemployment rate: 5.5% in Feb 2015

Non-farm Employment by sector Nov 2014

Government: 21,933,000
Healthcare and social assistance: 18,239,000
Retail trade: 15,500,000
Accommodation and food services: 12,667,000
Manufacturing: 12,217,000
Administrative and support services: 8,516,000
Professional and technical services: 8,476,000
Construction: 6,109,000
Finance and insurance: 5,948,000
Wholesale trade: 5,893,000
Other services: 5,541,000
Transportation and warehousing: 4,685,000
Educational services: 3,427,000
Information: 2,691,000
Management of companies and enterprises: 2,148
Arts, entertainment and recreation: 2,128,000
Real estate, rental and leasing: 2,065,000
Mining and logging: 926,000
Utilities: 556,000
Waste management and remediation services: 382,000
Total: 140,045,000

Corporations


Top 10 corporations by revenue 2014

1. Walmart: $473 billion
2. Exxon Mobile: $394 billion
3. Chevron: $220 billion
4. Berkshire Hathaway: $194 billion
5. Apple: $183 billion
6. Phillips 66: $161 billion
7. General Motors: $156 billion
8. General Electric: $148 billion
9. Ford Motor: $144 billion
10. Valero Energy: $131 billion

Households


Household wealth: $83.7 trillion in 2014
Household wealth per adult: $347,845 in 2013
Gini coefficient: .411 in 2010

Assets of households and nonprofit organizations Q3 2014

Real estate: $23.1 trillion
Pension entitlements: $20.5 trillion
Corporation equities: $12.9 trillion
Deposits: $10.1 trillion
Equity in non-corporate business: $9.1 trillion
Mutual fund shares: $7.6 trillion
Consumer durable goods: $5.1 trillion
Credit market instruments: $3.3 trillion
Miscellaneous assets: $2.3 trillion
Life insurance reserves: $1.3 trillion
Total: $95.4 trillion

Liabilities of households and nonprofit organization Q3 2014

Home mortgages: $9.4 trillion
Consumer credit: $3.2 trillion
Other debt: $1.4 trillion
Total: $14.0 trillion

Government


Federal government

Revenue: $2.7 trillion in 2013
Expenditure: $3.4 trillion in 2013
Balance: -$679 billion in 2013
Debt: $18.1 trillion in 2013
10 year borrowing rate: 2.17% in 2013

State and local

Revenue: $3.0 trillion in 2012
Expenditure: $3.1 trillion in 2012
Balance: -$118 billion in 2012
Debt: $2.9 trillion in 2012

Public funds

Social Security Trust Fund: $2.8 trillion in Dec 2013
State and local funds: $5.3 trillion in 2012

Federal tax structure

Personal income tax rates and thresholds 2013:
10%: $0-$8,925
15%: $8,925-$36,250
25%: $36,250-$87,850
28%: $87,850-$183,250
33%: $183,250-$398,350
35%: $398,350-$400,000
39.6%: $400,000+

Corporate tax rate: 39.1% in 2014

Federal government revenue by source 2013

Individual income taxes: $1.3 trillion
Social insurance and retirement receipts: $947 billion
Corporate income taxes: $274 billion
Other receipts: $153 billion
Excise taxes: $84 billion
Total: $2.7 trillion

Federal government expenditure by source 2013

Health and Human Services: $886 billion
Social Security Administration: $867 billion
Defense: $608 billion
Treasury: $399 billion
Agriculture: $156 billion
Veterans Affairs: $138 billion
Personal Management: $83 billion
Labor: $80 billion
Transportation: $76 billion
Homeland Security: $57 billion
Defense Civil Programs: $57 billion
Housing and Urban Development: $57 billion
Education: $41 billion
Justice: $30 billion
Independent Agencies: $26 billion
State: $26 billion
Energy: $25 billion
International Assistance Programs: $20 billion
NASA: $17 billion
Interior: $10 billion
Environmental Protection Agencies: $10 billion
Commerce: $9 billion
National Science Foundation: $7 billion
Judicial Branch: $7 billion
Corps of Engineers: $6 billion
Legislative Branch: $4 billion
Small Business Administration: $0.5 billion
Executive Office of the President: $0.4 billion
Undistributed offsetting receipts: -$249 billion
Total: $3.4 trillion

Monetary policy


Monetary base (M0): $4.0 trillion in Dec 2014
Benchmark interest rate: 0.25% in Dec 2014
Reserves: $448 billion
Inflation: 1.5% in 2013

Banks


Top 10 banks by assets Sep 2014

1. JPMorgan Chase: $2.5 trillion
2. Bank of America: $2.1 trillion
3. Citigroup: $1.8 trillion
4. Wells Fargo: $1.6 trillion
5. Goldman Sachs: $870 billion
6. Morgan Stanley: $815 billion
7. General Electric Capital $514 billion
8. U.S. Bank: $391 billion
9. Bank of New York Mellon: $386 billion
10. PNC Financial Services: $335 billion

International accounts


Exports: $2.3. trillion in 2013
Imports: $2.7 trillion in 2013
Trade balance: -$470 billion in 2013
Foreign direct investment inflow: $236 billion in 2013
Foreign direct investment outflow: $350 billion in 2013
Foreign aid inflow: N/A
Foreign aid outflow: $31 billion in 2013


Sources:
Population: World Bank Indicators
GDP: World Bank Indicators
GDP per capita: World Bank Indicators
GDP per capita PPP: World Bank Indicators
GDP growth rate: The Guardian, U.S. Economy slows in fourth quarter
GDP by industry: Bureau of Economic Analysis
Unemployment Rate: Bureau of Labor Statistics
Employment by industry: U.S Bureau of Labor Statistics
Corporate data: annual reports
Household wealth: Credit Suisse Global Wealth Databook
Gini coefficient: World Bank Indicators
Household balance sheet: Federal Reserve
Government budget: U.S. Government Publishing Office
Public debt: Treasury Direct
Government bond yield: Bloomberg
Local government data: 2012 Census of Governments
Social Security trust fund data: Social Security Administration
Individual tax rates: OECD Stat Extracts
Corporate tax rates: Tax Foundation
Monetary base: Federal Reserve Bank of St. Louis
Benchmark interest rate: Federal Reserve Bank of New York
Total reserves: World Bank Indicators
Inflation rate: Reuters
Financial institutions by assets: National Information Center
GECC data: General Electric Capital Corporation 2013 8-K
Trade data: U.S. Bureau of Economic Analysis
FDI data: OECD FDI in Figures
Aid outflow: OECD Aid Statistics