economy
US GDP vs EU GDP 2024: $27.4T vs $18.5T
The US GDP ($27.4 trillion in 2024) exceeds the EU GDP ($18.5 trillion in 2024) by approximately 48%, making the US the world's largest economy by nominal value, though the EU's combined economy remains the second-largest globally.
United States Economy
World's largest economy by nominal GDP with $27.4 trillion output and 3.1x higher per-capita income than EU average.
Investors seeking growth exposure, technology sector participation, and higher returns on capital; corporations targeting high-income consumer markets.
Score63%
VS
EU
European Union Economy
Second-largest economy combining 27 member states with $18.5 trillion GDP and strong trade surpluses despite slower growth.
Investors prioritizing stability and trade-driven returns, exporters seeking established manufacturing networks, and those valuing social welfare considerations and environmental standards.
Score63%
Quick Answer
AI SummaryThe US GDP ($27.4 trillion in 2024) exceeds the EU GDP ($18.5 trillion in 2024) by approximately 48%, making the US the world's largest economy by nominal value, though the EU's combined economy remains the second-largest globally.
Our Verdict
AI-assistedThe US maintains economic leadership with significantly higher nominal GDP, superior per-capita income, and stronger growth momentum. However, the EU demonstrates greater trade competitiveness and serves a larger population across 27 member states with unified market standards. Choose to invest in the US for growth-oriented opportunities and higher productivity; choose the EU for stable, trade-surplus-driven markets and demographic diversity.
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United States Economy
8.7/10
European Union Economy
6.3/10
E
Choose United States Economy if
Best pickInvestors seeking growth exposure, technology sector participation, and higher returns on capital; corporations targeting high-income consumer markets.
E
Choose European Union Economy if
Investors prioritizing stability and trade-driven returns, exporters seeking established manufacturing networks, and those valuing social welfare considerations and environmental standards.
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Key Differences at a Glance
- Nominal GDP (2024):✓ United States Economy wins($27.4 trillion USD vs $18.5 trillion USD)
- GDP Per Capita (2024):✓ United States Economy wins($81,500 USD vs $41,200 USD)
- Real GDP Growth Rate (2024):✓ United States Economy wins(2.5% vs 0.8%)
Key Facts & Figures
226 numeric metrics compared
| Metric | United States Economy | European Union Economy | Ratio |
|---|---|---|---|
| Total Nominal GDP 2026(USD Trillion) | $30.0-30.5 trillion | — | — |
| Global EV Production Share(%) | 17% | — | — |
| Global Battery (LFP) Production(%) | ~6% | — | — |
| Global Manufacturing Output(%) | ~16% | — | — |
| Unemployment Rate 2026 (Projected)(%) | ~3.8-4.0% | — | — |
| Global EV Market Share(%) | 20-25% | — | — |
| Projected GDP Growth Rate 2026(percent) | 2.2% | — | — |
| Government Defense Expenditure(USD Billions) | $925.8 billion | — | — |
| Government Health Expenditure(USD Million) | $4.18 trillion (2024) | — | — |
| Tariff Impact Risk on GDP(Percentage Points) | 0.3-0.5% | — | — |
| Total GDP 2026(trillion USD) | 30.0+ | — | — |
| Government Defense Expenditure 2024(billion USD) | $925.8 billion | — | — |
| Government Health Expenditure 2024(billion USD) | $4,175 billion | — | — |
| Education Expenditure Per Capita 2023(USD) | $4,481 | — | — |
| EV Production Share(% of global) | ~20% | — | — |
| Solar Panel Manufacturing(% of global) | 6% | — | — |
| Global Solar Panel Production(%) | ~10% | — | — |
| GDP Growth Rate (2026)(%) | 2.0-2.5% | — | — |
| Defence Expenditure (2024)(billion USD) | €925.8 billion | — | — |
| Expected GDP Growth Rate 2026(%) | 2.0-2.5% | — | — |
| Global EV Production Market Share(percent) | 25-30% of global EVs | — | — |
| Solar Panel Production(% of global) | 8-10% | — | — |
| Unemployment Rate Projection(%) | ~4.0% | — | — |
| 2026 GDP Growth Target(percent) | 2.0-2.5% | — | — |
| Health Expenditure (Government)(million USD) | $4,175,432 million (2024) | — | — |
| Defense Expenditure(Million Euros) | €925,796.8 million | — | — |
| Per Capita GDP 2026(USD) | $89,000 | — | — |
| Total Government Expenditure 2024(USD Billion) | $10,266.8 | — | — |
| Defense Expenditure 2024(USD Billion) | $925.8 | — | — |
| Battery Production (LFP)(Percent (%)) | ~6% of global | — | — |
| Government Defense Expenditure (2024)(billion €) | €925.8 billion | — | — |
| GDP Growth Rate (2026 Target)(%) | 2.0-2.5% | — | — |
| LFP Battery Production Share(%) | 6% | — | — |
| Tariff Impact Risk to GDP(percentage points) | Minimal | — | — |
| AI Adoption Growth Contribution(percentage points) | 0.4-0.6% | — | — |
| Lithium Iron Phosphate Battery Production(%) | ~15% | — | — |
| Per Capita GDP (Nominal)(USD) | $89,000+ | — | — |
| Global Solar Panel Production Share(%) | 9% | — | — |
| Potential Tariff Impact on GDP Growth(percentage points) | 0.2-0.4pp | — | — |
| AI Adoption Boost to Growth(Percentage Points) | 0.3-0.5% (from AI investment) | — | — |
| Real GDP Growth Rate 2026(%) | 2.2% | — | — |
| Lithium Iron Phosphate Battery Production Share(%) | 4% | — | — |
| EV Production (Global Share)(%) | 15% | — | — |
| Solar Panel Production (Global Share)(%) | 12% | — | — |
| Potential Tariff Impact (2026-2027)(billion USD annual reduction) | $50-150B | — | — |
| PPP-Adjusted GDP 2026(trillion USD) | $31.5 trillion | — | — |
| Projected Annual GDP Growth Rate(percent) | 2.1% | — | — |
| Global Economic Ranking 2026(rank) | 1st | — | — |
| Government Debt-to-GDP Ratio(%) | 123% | 84% | |
| Population(billions) | 0.34 billion | 448M | |
| Annual R&D Investment(USD billion) | $809 billion | $312 billion | |
| Unemployment Rate Forecast 2026(percent) | ~4.0% | — | — |
| Average EV Cost (Entry Model)(USD (converted)) | $35,000-45,000 | — | — |
| GDP Per Capita (Nominal)(USD) | $94,430 | — | — |
| GDP Per Capita 2026(USD) | $94,430 | — | — |
| GDP Gap vs Competitor(USD Trillions) | $11.1 trillion ahead | — | — |
| Global Economic Ranking(Rank) | 1st | — | — |
| GDP as Percentage of Global Economy(Percent) | ~25-26% of global GDP | — | — |
| Global Economic Rank 2026(rank) | 1st | — | — |
| Projected Global Rank 2031(rank) | 1st (maintained) | — | — |
| Expected Consumption Growth 2026(%) | ~1.8% | — | — |
| Share of Global GDP 2026(percent) | 26.2% | — | — |
| Total Nominal GDP (2026)(USD Trillion) | $28.0 trillion | $19.0 trillion | |
| GDP Per Capita (Nominal, 2026)(USD) | $85,000 | $42,900 | |
| Gross Domestic Product (GDP)(USD trillion) | $31 trillion | — | — |
| Government Expenditure(USD Million) | €10,217,935.3 million | — | — |
| Education Expenditure Per Capita(USD) | $3,981 | — | — |
| Fragile States Index(score) | 44.5 | — | — |
| GDP Growth Rate (YoY)(Percentage) | ~2.8% | — | — |
| Exchange Rate vs Euro(EUR conversion) | 1 EUR = 1.1797 USD | — | — |
| GDP Growth Rate 2026(%) | 2.0-2.4% | — | — |
| Quarterly GDP Growth (Q1 2026)(% (q/q, SAAR)) | 2.0% | — | — |
| GDP per Capita (estimated 2026)(USD) | $96,500+ | — | — |
| GDP Advantage Over Rival(USD Trillion) | $11.53 trillion lead | — | — |
| Total Annual GDP(USD trillions) | $27.23 trillion | — | — |
| Government Debt as % of GDP(percent) | 122.27% | — | — |
| Government Expenditure as % of GDP(percent) | 37.74% | — | — |
| Defence Expenditure(USD billions) | $925.8 billion | — | — |
| Projected Economic Growth 2026(percent) | 3.5% | — | — |
| GDP Per Capita (2024)(USD) | $81,500 | $41,200 | |
| Population (2024)(Millions) | 336 million | 448 million | |
| Annual Real GDP Growth Rate (2024)(Percent) | 2.8% | — | — |
| Manufacturing Sector Contribution(Percent of GDP) | 11.8% | — | — |
| Share of Global GDP(percent) | 26.3% | — | — |
| Median Population Age(Years) | 38.5 years | — | — |
| Gross Domestic Product (2024)(USD Trillions) | $27.4 trillion | — | — |
| Nominal GDP (2025)(USD trillion) | $27.4 trillion | — | — |
| Unemployment Rate (2025)(percent) | 4.2% | — | — |
| Inflation Rate (2025)(%) | 2.9% | — | — |
| Annual Automotive Exports(USD billion) | $156 billion | — | — |
| Global Fortune 500 Companies(count) | 167 companies | — | — |
| Exports as % of GDP(percent) | 11.2% | — | — |
| Total GDP 2024(USD Trillion) | $27.4 trillion | — | — |
| GDP per Capita 2024(USD) | $82,000 | — | — |
| Nominal GDP (2024)(USD Trillions) | $27.4 trillion | $18.5 trillion | |
| GDP Per Capita(USD) | $82,460 | $38,500 | |
| Real GDP Growth Rate (2024)(Percent) | 2.5% | 0.8% | |
| Total Merchandise Trade Volume(USD trillion) | $2.4 trillion | — | — |
| Foreign Direct Investment Inflows(billion USD) | $285 billion (2023) | $510 billion | |
| Nominal Gross Domestic Product(USD trillion) | $27.4 trillion | — | — |
| GDP per Capita(USD) | $82,500 | — | — |
| Unemployment Rate(%) | 4.1% | — | — |
| Government Debt-to-GDP Ratio(%) | 123% | — | — |
| Average Annual Wage(USD) | $62,400 | — | — |
| Inflation Rate(%) | 2.8% | — | — |
| Population(millions) | 339 million | — | — |
| Global Venture Capital Share(%) | 65% | — | — |
| GDP Growth Rate(% annually) | 2.5% | 0.9% | |
| Per Capita GDP(USD) | $87,500 | $38,700 | |
| Foreign Exchange Reserves(USD trillions) | $0.13 trillion | — | — |
| Manufacturing Output Share(Percent of Global) | 16% | — | — |
| Total Debt-to-GDP Ratio(%) | 123% | — | — |
| Annual Exports(USD Trillions) | $2.1 trillion | — | — |
| R&D Spending(% of GDP) | 3.5% | — | — |
| GDP Growth Rate (2025)(% annual) | 2.1% | — | — |
| Per Capita GDP (PPP)(USD) | $76,398 | — | — |
| E-commerce as % of Retail(percentage) | 16.3% | — | — |
| Government Debt-to-GDP(Percent) | 123% | — | — |
| Technology Sector Market Cap(USD trillions) | $12.8 trillion | — | — |
| Total GDP (2024)(USD trillions) | $27.4 trillion | $17.9 trillion | |
| Total Population(billions) | 340 million | 448 million | |
| Renewable Energy Share(%) | 21% of electricity | 40% of electricity | |
| Nominal GDP(USD Trillions) | $28.7 trillion | $17.9 trillion | |
| Fortune 500 Companies(count) | 135 companies | — | — |
| Total Annual Exports(USD trillion) | $2.1 trillion | — | — |
| National Debt(USD trillion) | $33.2 trillion | — | — |
| Annual GDP Growth Rate(%) | 2.5% | 1.6% | |
| Manufacturing Sector Share(Percent of GDP (%)) | 11.2% | — | — |
| Service Sector Share(% of GDP) | 80.1% | — | — |
| Foreign Direct Investment (Annual)(billion USD) | $285 billion | — | — |
| Projected GDP in 2030(USD trillion) | $31.2 trillion | — | — |
| Global Manufacturing Share(%) | 12.5% | 12% | |
| Trade Surplus/Deficit(USD Billions) | -$73 billion deficit | — | — |
| Manufacturing Output (Global Share)(Percent) | 12% | — | — |
| Unemployment Rate (2024)(Percent) | 4.1% | 6.3% | |
| Trade Balance (Annual)(USD Billions) | -$773 billion (deficit) | — | — |
| Debt-to-GDP Ratio(%) | 123% | — | — |
| Total Merchandise Exports(USD Trillions) | $2.3T | — | — |
| GDP Growth Rate 2023(Percent Annual) | 2.5% | — | — |
| Manufacturing Share of GDP(Percent) | 11.5% | — | — |
| Public Debt to GDP Ratio(percent) | 123% | — | — |
| Unemployment Rate 2024(Percent) | 4.1% | — | — |
| Defense Spending(USD billion) | $820 billion | — | — |
| Annual Patent Filings(Thousands) | 625,000 | — | — |
| GDP at Purchasing Power Parity(USD trillion) | $27.4 trillion | — | — |
| Real GDP Growth Rate(%) | 2.1% | 0.5% | |
| Global Export Share(% of global exports) | 8.2% | — | — |
| GDP by Purchasing Power Parity(USD Trillions) | $31.4 trillion | — | — |
| Annual Trade Balance(USD Billions) | -$773 billion | — | — |
| Foreign Direct Investment Annual Inflow(USD Billions) | $285 billion | — | — |
| Annual Real GDP Growth Rate(%) | 2.5% | — | — |
| Trade Balance (2024)(USD Billions) | -$73.1 billion | +$125 billion | |
| Working-Age Population Growth Rate(% Annual Change) | +0.4% (growing) | — | — |
| Total GDP (Nominal)(USD Trillion) | $27.4 trillion | — | — |
| Manufacturing Output(% of GDP) | $2.4 trillion | — | — |
| National Debt to GDP Ratio(%) | 130% | — | — |
| Average Annual Wage(USD) | $60,500 | $52,000 | |
| Patent Filings (Annual)(millions) | 0.38 million | — | — |
| Annual R&D Spending(USD Billion) | $809 billion | — | — |
| Manufacturing Share of Global Output(percent) | 17% | — | — |
| EV Market Penetration (Domestic)(%) | 9.8% | — | — |
| Stock Market Capitalization (2024)(USD trillions) | $42.8 trillion | — | — |
| Global Manufacturing Output Share(percent) | 16% | — | — |
| Total Trade Volume (2024)(USD Trillions) | $7.1 trillion | — | — |
| Nominal Gross Domestic Product(trillion USD) | $27.4 trillion | — | — |
| Manufacturing as Percentage of GDP(percent) | 11.8% | — | — |
| Foreign Direct Investment Inflows (2024)(USD Billions) | $269 billion | — | — |
| PPP-Adjusted GDP(USD trillion) | $27.7 trillion | — | — |
| Labor Force Participation Rate(percentage) | 63.0% | — | — |
| Federal/National Debt as % of GDP(percentage) | 123% | — | — |
| Tech Sector Market Capitalization (Top 7 Companies)(USD Trillion) | $14.2 trillion | — | — |
| Average Annual GDP Growth Rate (2010-2023)(%) | 2.4% | — | — |
| Purchasing Power Parity GDP(USD trillion) | $28.2 trillion | — | — |
| Global Economic Share(%) | 26% of world GDP | — | — |
| Foreign Direct Investment Inflow (2023)(USD Billion) | $285 billion | — | — |
| GDP Growth Rate (2024)(%) | 2.5% | 0.9% | |
| Gini Coefficient (Income Inequality)(0-1 scale) | 0.41 | 0.31 | |
| Healthcare Spending (% of GDP)(%) | 17.3% | 10.9% | |
| Trade Balance(billion USD annually) | -$773 billion deficit | — | — |
| Inflation Rate(%) | 3.4% | — | — |
| Median Age(years) | 38.9 years | — | — |
| Public Debt as Percentage of GDP(%) | 123% | — | — |
| Patent Filings in Technology(Annual count) | 398,144 | — | — |
| Foreign Direct Investment(USD billions annually) | $285 billion | — | — |
| Working-Age Population(Millions) | 209 million | — | — |
| Nominal GDP (2026)(USD trillions) | $28.7 trillion | — | — |
| Foreign Direct Investment (2025)(USD Billion) | $285 billion | — | — |
| Tech Sector Market Cap(USD trillions) | $12.4 trillion | — | — |
| Global Manufacturing Share (2024)(percent) | 16% | — | — |
| Patent Filings Annually (2023)(thousand filings) | 615,000 | — | — |
| Inflation Rate (2024)(Percent) | 2.6% | 2.4% | |
| Foreign Currency Reserves(USD trillions) | $0.13 trillion | — | — |
| GDP Per Capita (PPP)(USD) | $76,398 | — | — |
| Manufacturing as % of GDP(%) | 11.8% | — | — |
| Patent Filings (2024)(Thousands) | 415,000 | — | — |
| Stock Market Capitalization(USD Trillion) | $42 trillion | $18.5 trillion | |
| Average Annual Wage (Tech Sector)(USD) | $120,000 | — | — |
| Per Capita Income(USD) | $76,500 | — | — |
| Renewable Energy Capacity(GW) | 680 GW | 690 GW | |
| Global Trade Volume Share(%) | 8.2% | — | — |
| Federal Debt-to-GDP Ratio(%) | 123% | — | — |
| Total GDP(USD Trillion) | $27.4T | $18.5T | |
| Annual Growth Rate(percent) | 2.7% | 0.9% | |
| Manufacturing Sector(percent of GDP) | 12% | 20% | |
| Technology Sector(percent of GDP) | 12% | 8% | |
| World GDP Share(percent) | 32.4% | 20.1% | |
| Healthcare Spending % of GDP(percent) | 16.9% | 9.2% | |
| Renewable Energy Generation(percent) | 21.6% | 42.6% | |
| Share of Global Manufacturing Output(%) | 16% | — | — |
| Total Trade Volume(trillion USD) | $2.9 trillion | — | — |
| Nominal GDP 2026(trillion USD) | $28.7 trillion | — | — |
| Unemployment Rate(%) | 4.1% | 6.4% | |
| Services Sector Share of GDP(percent) | 80% | — | — |
| Global GDP Share(percent) | 25.4% | 20% | |
| Global Trade Exports(USD Trillions) | $2.1 trillion | — | — |
| Share of Global GDP (2024)(Percent) | 31% | 21% | |
| Nominal GDP(USD trillion) | $17.2T | $17.2T | |
| Annual GDP Growth Rate(%) | 0.5% | 0.5% | |
| Unemployment Rate(%) | 6.3% | 6.3% | |
| Per Capita GDP(USD) | $38,200 | $38,200 | |
| Tech Sector Market Capitalization(USD trillion) | $3.8T | $3.8T | |
| Minimum Paid Leave Requirement(days per year) | 20-30 | 20-30 | |
| Corporate Income Tax Rate(percent) | 23.2% | 23.2% | |
| Export Competitiveness Index Rank(score (higher=better)) | 3.4 (4th globally) | 3.4 (4th globally) | |
| Merchandise Exports(USD billion) | $2.4 trillion | $2.4 trillion | |
| Median Age of Population(years) | 44.5 years | 44.5 years |
Sourced from publicly available data ·
Key Differences
7 attributes compared head-to-head
United States Economy leads
EU
2European Union EconomyUnited States Economy
Attribute
European Union Economy
- $27.4 trillion USD(winner)Nominal GDP (2024)$18.5 trillion USD
- $81,500 USD(winner)GDP Per Capita (2024)$41,200 USD
- 2.5%(winner)Real GDP Growth Rate (2024)0.8%
- 336 millionPopulation448 million(winner)
- 31%(winner)Share of Global GDP (2024)21%
- 4.1%(winner)Unemployment Rate (2024)6.3%
- -$73.1 billion USDTrade Balance (2024)$125 billion USD surplus(winner)
- Nominal GDP (2024)
United States Economy
$27.4 trillion USD(winner)
European Union Economy
$18.5 trillion USD
- GDP Per Capita (2024)
United States Economy
$81,500 USD(winner)
European Union Economy
$41,200 USD
- Real GDP Growth Rate (2024)
United States Economy
2.5%(winner)
European Union Economy
0.8%
- Population
United States Economy
336 million
European Union Economy
448 million(winner)
- Share of Global GDP (2024)
United States Economy
31%(winner)
European Union Economy
21%
- Unemployment Rate (2024)
United States Economy
4.1%(winner)
European Union Economy
6.3%
- Trade Balance (2024)
United States Economy
-$73.1 billion USD
European Union Economy
$125 billion USD surplus(winner)
Full Comparison
| Attribute | United States Economy | European Union Economy |
|---|---|---|
| Total Nominal GDP 2026(USD Trillion) | $30.0-30.5 trillion | — |
| Total GDP 2026(trillion USD) | 30.0+ | — |
| Total Nominal GDP (2026)(USD Trillion) | $28.0 trillion(winner) | $19.0 trillion |
| Total GDP 2024(USD Trillion) | $27.4 trillion | — |
| Nominal Gross Domestic Product(USD trillion) | $27.4 trillion | — |
Show 8 more attributesTotal GDP (2024)(USD trillions) $27.4 trillion $17.9 trillion Nominal GDP(USD Trillions) $28.7 trillion $17.9 trillion GDP by Purchasing Power Parity(USD Trillions) $31.4 trillion — Total GDP (Nominal)(USD Trillion) $27.4 trillion — Nominal Gross Domestic Product(trillion USD) $27.4 trillion — PPP-Adjusted GDP(USD trillion) $27.7 trillion — Nominal GDP (2026)(USD trillions) $28.7 trillion — Nominal GDP 2026(trillion USD) $28.7 trillion — | ||
| Global EV Production Share(%) | 17% | — |
| Global Battery (LFP) Production(%) | ~6% | — |
| Global Manufacturing Output(%) | ~16% | — |
| Unemployment Rate 2026 (Projected)(%) | ~3.8-4.0% | — |
| Unemployment Rate Projection(%) | ~4.0% | — |
| Unemployment Rate Forecast 2026(percent) | ~4.0% | — |
| Unemployment Rate (2025)(percent) | 4.2% | — |
| Unemployment Rate (2024)(Percent) | 4.1%(winner) | 6.3% |
Show 4 more attributesUnemployment Rate 2024(Percent) 4.1% — Labor Force Participation Rate(percentage) 63.0% — Unemployment Rate(%) 4.1% 6.4% Unemployment Rate(%) 6.3% — | ||
| Advanced Semiconductor Market Leadership(Qualitative) | Dominant (Intel, TSMC partnership, Samsung); controls cutting-edge nodes | — |
| AI Chip Technology Leadership(competitive ranking) | Global leader in design and manufacturing | — |
| Semiconductor & Chip Design Leadership(Qualitative) | Global market leader | — |
| AI Adoption Growth Contribution(percentage points) | 0.4-0.6% | — |
| Tech Sector Market Cap(USD trillions) | $12.4 trillion | — |
| Global EV Market Share(%) | 20-25% | — |
| Tariff Impact on GDP (2026 risk)(percentage points reduction) | Moderate exposure | — |
| Projected GDP Growth Rate 2026(percent) | 2.2% | — |
| GDP Growth Rate (YoY)(Percentage) | ~2.8% | — |
| Annual Real GDP Growth Rate (2024)(Percent) | 2.8% | — |
| GDP Growth Rate (2024)(%) | 2.5%(winner) | 0.9% |
| Annual GDP Growth Rate(%) | 0.5% | — |
| Government Defense Expenditure(USD Billions) | $925.8 billion | — |
| Government Defense Expenditure 2024(billion USD) | $925.8 billion | — |
| Defence Expenditure (2024)(billion USD) | €925.8 billion | — |
| Total Government Expenditure 2024(USD Billion) | $10,266.8 | — |
| Government Defense Expenditure (2024)(billion €) | €925.8 billion | — |
Show 1 more attributeGovernment Expenditure(USD Million) €10,217,935.3 million — | ||
| Government Health Expenditure(USD Million) | $4.18 trillion (2024) | — |
| Tariff Impact Risk on GDP(Percentage Points) | 0.3-0.5% | — |
| Potential Tariff Impact on GDP(USD billion) | Minimal (exporter advantage) | — |
| Government Health Expenditure 2024(billion USD) | $4,175 billion | — |
| Education Expenditure Per Capita 2023(USD) | $4,481 | — |
| Education Expenditure Per Capita(USD) | $3,981 | — |
| EV Production Share(% of global) | ~20% | — |
| Semiconductor Technology Tier(nanometers) | Leading edge (3nm and below) | — |
| Solar Panel Manufacturing(% of global) | 6% | — |
| Tariff Impact Risk 2026(% GDP reduction) | Minimal negative impact | — |
| Global Solar Panel Production(%) | ~10% | — |
| Solar Panel Production(% of global) | 8-10% | — |
| Semiconductor Technology Leadership(index (0-100)) | Leading in design and manufacturing | — |
| Global EV Production Market Share(percent) | 25-30% of global EVs | — |
| GDP Growth Rate (2026)(%) | 2.0-2.5% | — |
| Expected GDP Growth Rate 2026(%) | 2.0-2.5% | — |
| GDP Growth Rate (2026 Target)(%) | 2.0-2.5% | — |
| Real GDP Growth Rate (2024)(Percent) | 2.5%(winner) | 0.8% |
| GDP Growth Rate(% annually) | 2.5%(winner) | 0.9% |
Show 2 more attributesReal GDP Growth Rate(%) 2.1% 0.5% Annual Real GDP Growth Rate(%) 2.5% — | ||
| 2026 GDP Growth Target(percent) | 2.0-2.5% | — |
| GDP Growth Rate 2026(%) | 2.0-2.4% | — |
| Quarterly GDP Growth (Q1 2026)(% (q/q, SAAR)) | 2.0% | — |
| Health Expenditure (Government)(million USD) | $4,175,432 million (2024) | — |
| Healthcare Spending % of GDP(percent) | 16.9% | 9.2%(winner) |
| Defense Expenditure(Million Euros) | €925,796.8 million | — |
| Defense Expenditure 2024(USD Billion) | $925.8 | — |
| Defence Expenditure(USD billions) | $925.8 billion | — |
| Per Capita GDP 2026(USD) | $89,000 | — |
| Per Capita GDP (Nominal)(USD) | $89,000+ | — |
| GDP Per Capita (Nominal)(USD) | $94,430 | — |
| Per Capita GDP(USD) | $38,200 | — |
| Tariff Vulnerability Impact(USD Billions) | Lower exposure | — |
| Potential Tariff Impact (2026-2027)(billion USD annual reduction) | $50-150B | — |
| Battery Production (LFP)(Percent (%)) | ~6% of global | — |
| Lithium Iron Phosphate Battery Production(%) | ~15% | — |
| LFP Battery Production Share(%) | 6% | — |
| Tariff Impact Risk to GDP(percentage points) | Minimal | — |
| Global Solar Panel Production Share(%) | 9% | — |
| Potential Tariff Impact on GDP Growth(percentage points) | 0.2-0.4pp | — |
| AI Adoption Boost to Growth(Percentage Points) | 0.3-0.5% (from AI investment) | — |
| Real GDP Growth Rate 2026(%) | 2.2% | — |
| Lithium Iron Phosphate Battery Production Share(%) | 4% | — |
| EV Production (Global Share)(%) | 15% | — |
| Solar Panel Production (Global Share)(%) | 12% | — |
| PPP-Adjusted GDP 2026(trillion USD) | $31.5 trillion | — |
| Projected Annual GDP Growth Rate(percent) | 2.1% | — |
| Global Economic Ranking 2026(rank) | 1st | — |
| Global Economic Ranking(Rank) | 1st | — |
| Government Debt-to-GDP Ratio(%) | 123% | 84%(winner) |
| Government Debt as % of GDP(percent) | 122.27% | — |
| Government Debt-to-GDP Ratio(%) | 123% | — |
| Total Debt-to-GDP Ratio(%) | 123% | — |
| Government Debt-to-GDP(Percent) | 123% | — |
Show 7 more attributesNational Debt(USD trillion) $33.2 trillion — Debt-to-GDP Ratio(%) 123% — Public Debt to GDP Ratio(percent) 123% — National Debt to GDP Ratio(%) 130% — Federal/National Debt as % of GDP(percentage) 123% — Public Debt as Percentage of GDP(%) 123% — Federal Debt-to-GDP Ratio(%) 123% — | ||
| Population(billions) | 0.34 billion(winner) | 448M |
| Population (2024)(Millions) | 336 million(winner) | 448 million |
| Median Population Age(Years) | 38.5 years | — |
| Population(millions) | 339 million | — |
| Total Population(billions) | 340 million(winner) | 448 million |
Show 3 more attributesMedian Age(years) 38.9 years — Working-Age Population(Millions) 209 million — Median Age of Population(years) 44.5 years — | ||
| Annual R&D Investment(USD billion) | $809 billion(winner) | $312 billion |
| Annual Patent Filings(Thousands) | 625,000 | — |
| Patent Filings (Annual)(millions) | 0.38 million | — |
| Patent Filings in Technology(Annual count) | 398,144 | — |
| Patent Filings Annually (2023)(thousand filings) | 615,000 | — |
Show 1 more attributePatent Filings (2024)(Thousands) 415,000 — | ||
| Primary Tech Focus Area | AI, semiconductors, cloud, fintech | — |
| Average EV Cost (Entry Model)(USD (converted)) | $35,000-45,000 | — |
| GDP Per Capita 2026(USD) | $94,430 | — |
| GDP per Capita (estimated 2026)(USD) | $96,500+ | — |
| GDP per Capita 2024(USD) | $82,000 | — |
| GDP Per Capita(USD) | $82,460(winner) | $38,500 |
| GDP per Capita(USD) | $82,500 | — |
Show 3 more attributesPer Capita GDP(USD) $87,500 $38,700 GDP Per Capita (PPP)(USD) $76,398 — Per Capita Income(USD) $76,500 — | ||
| GDP Gap vs Competitor(USD Trillions) | $11.1 trillion ahead | — |
| Q1 2026 GDP Growth Rate(Percent Year-over-Year) | Data not available | — |
| Q1 2026 Industrial Output Growth(Percent Year-over-Year) | Data not available | — |
| GDP as Percentage of Global Economy(Percent) | ~25-26% of global GDP | — |
| Q1 2026 Inflation Rate(Percent) | Data not available | — |
| Inflation Rate(%) | 2.8% | — |
| Inflation Rate(%) | 3.4% | — |
| Inflation Rate (2024)(Percent) | 2.6% | 2.4%(winner) |
| Global Economic Rank 2026(rank) | 1st | — |
| World GDP Share(percent) | 32.4%(winner) | 20.1% |
| Projected Global Rank 2031(rank) | 1st (maintained) | — |
| Expected Consumption Growth 2026(%) | ~1.8% | — |
| Share of Global GDP 2026(percent) | 26.2% | — |
| Share of Global GDP(percent) | 26.3% | — |
| Goldman Sachs Growth Forecast 2026(%) | Not specified | — |
| GDP Per Capita (Nominal, 2026)(USD) | $85,000(winner) | $42,900 |
| Gross Domestic Product (GDP)(USD trillion) | $31 trillion | — |
| Inflation Rate (2025)(%) | 2.9% | — |
| Fragile States Index(score) | 44.5 | — |
| Exchange Rate vs Euro(EUR conversion) | 1 EUR = 1.1797 USD | — |
| GDP Advantage Over Rival(USD Trillion) | $11.53 trillion lead | — |
| Total Annual GDP(USD trillions) | $27.23 trillion | — |
| Nominal GDP (2025)(USD trillion) | $27.4 trillion | — |
| Total GDP(USD Trillion) | $27.4T(winner) | $18.5T |
| Nominal GDP(USD trillion) | $17.2T | — |
| Government Expenditure as % of GDP(percent) | 37.74% | — |
| Projected Economic Growth 2026(percent) | 3.5% | — |
| GDP Per Capita (2024)(USD) | $81,500(winner) | $41,200 |
| Manufacturing Sector Contribution(Percent of GDP) | 11.8% | — |
| Gross Domestic Product (2024)(USD Trillions) | $27.4 trillion | — |
| Annual Automotive Exports(USD billion) | $156 billion | — |
| Global Fortune 500 Companies(count) | 167 companies | — |
| Exports as % of GDP(percent) | 11.2% | — |
| Nominal GDP (2024)(USD Trillions) | $27.4 trillion(winner) | $18.5 trillion |
| Total Merchandise Trade Volume(USD trillion) | $2.4 trillion | — |
| Annual Exports(USD Trillions) | $2.1 trillion | — |
| Total Annual Exports(USD trillion) | $2.1 trillion | — |
| Total Merchandise Exports(USD Trillions) | $2.3T | — |
| Global Export Share(% of global exports) | 8.2% | — |
Show 4 more attributesAnnual Trade Balance(USD Billions) -$773 billion — Total Trade Volume (2024)(USD Trillions) $7.1 trillion — Global Trade Exports(USD Trillions) $2.1 trillion — Merchandise Exports(USD billion) $2.4 trillion — | ||
| Foreign Direct Investment Inflows(billion USD) | $285 billion (2023) | $510 billion(winner) |
| Unemployment Rate(%) | 4.1% | — |
| Average Annual Wage(USD) | $62,400 | — |
| Global Venture Capital Share(%) | 65% | — |
| R&D Spending(% of GDP) | 3.5% | — |
| Annual R&D Spending(USD Billion) | $809 billion | — |
| Foreign Exchange Reserves(USD trillions) | $0.13 trillion | — |
| Manufacturing Output Share(Percent of Global) | 16% | — |
| Manufacturing Output (Global Share)(Percent) | 12% | — |
| Global Manufacturing Share (2024)(percent) | 16% | — |
| GDP Growth Rate (2025)(% annual) | 2.1% | — |
| Per Capita GDP (PPP)(USD) | $76,398 | — |
| E-commerce as % of Retail(percentage) | 16.3% | — |
| Technology Sector Market Cap(USD trillions) | $12.8 trillion | — |
| Renewable Energy Share(%) | 21% of electricity | 40% of electricity(winner) |
| Fortune 500 Companies(count) | 135 companies | — |
| Annual GDP Growth Rate(%) | 2.5%(winner) | 1.6% |
| Average Annual GDP Growth Rate (2010-2023)(%) | 2.4% | — |
| Manufacturing Sector Share(Percent of GDP (%)) | 11.2% | — |
| Service Sector Share(% of GDP) | 80.1% | — |
| Manufacturing Share of GDP(Percent) | 11.5% | — |
| Manufacturing as Percentage of GDP(percent) | 11.8% | — |
| Manufacturing as % of GDP(%) | 11.8% | — |
Show 3 more attributesManufacturing Sector(percent of GDP) 12% 20% Technology Sector(percent of GDP) 12% 8% Services Sector Share of GDP(percent) 80% — | ||
| Foreign Direct Investment (Annual)(billion USD) | $285 billion | — |
| Foreign Direct Investment (2025)(USD Billion) | $285 billion | — |
| Projected GDP in 2030(USD trillion) | $31.2 trillion | — |
| Global Manufacturing Share(%) | 12.5%(winner) | 12% |
| Trade Surplus/Deficit(USD Billions) | -$73 billion deficit | — |
| Trade Balance (Annual)(USD Billions) | -$773 billion (deficit) | — |
| Trade Balance (2024)(USD Billions) | -$73.1 billion | +$125 billion(winner) |
| Global Trade Volume Share(%) | 8.2% | — |
| GDP Growth Rate 2023(Percent Annual) | 2.5% | — |
| Annual Growth Rate(percent) | 2.7%(winner) | 0.9% |
| Defense Spending(USD billion) | $820 billion | — |
| GDP at Purchasing Power Parity(USD trillion) | $27.4 trillion | — |
| Foreign Direct Investment Annual Inflow(USD Billions) | $285 billion | — |
| Working-Age Population Growth Rate(% Annual Change) | +0.4% (growing) | — |
| Manufacturing Output(% of GDP) | $2.4 trillion | — |
| Average Annual Wage(USD) | $60,500(winner) | $52,000 |
| Manufacturing Share of Global Output(percent) | 17% | — |
| EV Market Penetration (Domestic)(%) | 9.8% | — |
| Stock Market Capitalization (2024)(USD trillions) | $42.8 trillion | — |
| Stock Market Capitalization(USD Trillion) | $42 trillion(winner) | $18.5 trillion |
| Global Manufacturing Output Share(percent) | 16% | — |
| Share of Global Manufacturing Output(%) | 16% | — |
| Foreign Direct Investment Inflows (2024)(USD Billions) | $269 billion | — |
| Tech Sector Market Capitalization (Top 7 Companies)(USD Trillion) | $14.2 trillion | — |
| Purchasing Power Parity GDP(USD trillion) | $28.2 trillion | — |
| Global Economic Share(%) | 26% of world GDP | — |
| Global GDP Share(percent) | 25.4%(winner) | 20% |
| Foreign Direct Investment Inflow (2023)(USD Billion) | $285 billion | — |
| Gini Coefficient (Income Inequality)(0-1 scale) | 0.41 | 0.31(winner) |
| Healthcare Spending (% of GDP)(%) | 17.3% | 10.9%(winner) |
| Trade Balance(billion USD annually) | -$773 billion deficit | — |
| Foreign Direct Investment(USD billions annually) | $285 billion | — |
| Foreign Currency Reserves(USD trillions) | $0.13 trillion | — |
| Average Annual Wage (Tech Sector)(USD) | $120,000 | — |
| Renewable Energy Capacity(GW) | 680 GW | 690 GW(winner) |
| Renewable Energy Generation(percent) | 21.6% | 42.6%(winner) |
| Total Trade Volume(trillion USD) | $2.9 trillion | — |
| Share of Global GDP (2024)(Percent) | 31%(winner) | 21% |
| Tech Sector Market Capitalization(USD trillion) | $3.8T | — |
| Minimum Paid Leave Requirement(days per year) | 20-30 | — |
| Corporate Income Tax Rate(percent) | 23.2% | — |
| Export Competitiveness Index Rank(score (higher=better)) | 3.4 (4th globally) | — |
United States EconomyEEuropean Union Economy
Total Nominal GDP 2026(USD Trillion)
$30.0-30.5 trillion
—
Total GDP 2026(trillion USD)
30.0+
—
Total Nominal GDP (2026)(USD Trillion)
$28.0 trillion
$19.0 trillion
Total GDP 2024(USD Trillion)
$27.4 trillion
—
Nominal Gross Domestic Product(USD trillion)
$27.4 trillion
—
Show 8 more attributes
Total GDP (2024)(USD trillions)
$27.4 trillion
$17.9 trillion
Nominal GDP(USD Trillions)
$28.7 trillion
$17.9 trillion
GDP by Purchasing Power Parity(USD Trillions)
$31.4 trillion
—
Total GDP (Nominal)(USD Trillion)
$27.4 trillion
—
Nominal Gross Domestic Product(trillion USD)
$27.4 trillion
—
PPP-Adjusted GDP(USD trillion)
$27.7 trillion
—
Nominal GDP (2026)(USD trillions)
$28.7 trillion
—
Nominal GDP 2026(trillion USD)
$28.7 trillion
—
Global EV Production Share(%)
17%
—
Global Battery (LFP) Production(%)
~6%
—
Global Manufacturing Output(%)
~16%
—
Unemployment Rate 2026 (Projected)(%)
~3.8-4.0%
—
Unemployment Rate Projection(%)
~4.0%
—
Unemployment Rate Forecast 2026(percent)
~4.0%
—
Unemployment Rate (2025)(percent)
4.2%
—
Unemployment Rate (2024)(Percent)
4.1%
6.3%
Show 4 more attributes
Unemployment Rate 2024(Percent)
4.1%
—
Labor Force Participation Rate(percentage)
63.0%
—
Unemployment Rate(%)
4.1%
6.4%
Unemployment Rate(%)
6.3%
—
Advanced Semiconductor Market Leadership(Qualitative)
Dominant (Intel, TSMC partnership, Samsung); controls cutting-edge nodes
—
AI Chip Technology Leadership(competitive ranking)
Global leader in design and manufacturing
—
Semiconductor & Chip Design Leadership(Qualitative)
Global market leader
—
AI Adoption Growth Contribution(percentage points)
0.4-0.6%
—
Tech Sector Market Cap(USD trillions)
$12.4 trillion
—
Global EV Market Share(%)
20-25%
—
Tariff Impact on GDP (2026 risk)(percentage points reduction)
Moderate exposure
—
Projected GDP Growth Rate 2026(percent)
2.2%
—
GDP Growth Rate (YoY)(Percentage)
~2.8%
—
Annual Real GDP Growth Rate (2024)(Percent)
2.8%
—
GDP Growth Rate (2024)(%)
2.5%
0.9%
Annual GDP Growth Rate(%)
0.5%
—
Government Defense Expenditure(USD Billions)
$925.8 billion
—
Government Defense Expenditure 2024(billion USD)
$925.8 billion
—
Defence Expenditure (2024)(billion USD)
€925.8 billion
—
Total Government Expenditure 2024(USD Billion)
$10,266.8
—
Government Defense Expenditure (2024)(billion €)
€925.8 billion
—
Show 1 more attribute
Government Expenditure(USD Million)
€10,217,935.3 million
—
Government Health Expenditure(USD Million)
$4.18 trillion (2024)
—
Tariff Impact Risk on GDP(Percentage Points)
0.3-0.5%
—
Potential Tariff Impact on GDP(USD billion)
Minimal (exporter advantage)
—
Government Health Expenditure 2024(billion USD)
$4,175 billion
—
Education Expenditure Per Capita 2023(USD)
$4,481
—
Education Expenditure Per Capita(USD)
$3,981
—
EV Production Share(% of global)
~20%
—
Semiconductor Technology Tier(nanometers)
Leading edge (3nm and below)
—
Solar Panel Manufacturing(% of global)
6%
—
Tariff Impact Risk 2026(% GDP reduction)
Minimal negative impact
—
Global Solar Panel Production(%)
~10%
—
Solar Panel Production(% of global)
8-10%
—
Semiconductor Technology Leadership(index (0-100))
Leading in design and manufacturing
—
Global EV Production Market Share(percent)
25-30% of global EVs
—
GDP Growth Rate (2026)(%)
2.0-2.5%
—
Expected GDP Growth Rate 2026(%)
2.0-2.5%
—
GDP Growth Rate (2026 Target)(%)
2.0-2.5%
—
Real GDP Growth Rate (2024)(Percent)
2.5%
0.8%
GDP Growth Rate(% annually)
2.5%
0.9%
Show 2 more attributes
Real GDP Growth Rate(%)
2.1%
0.5%
Annual Real GDP Growth Rate(%)
2.5%
—
2026 GDP Growth Target(percent)
2.0-2.5%
—
GDP Growth Rate 2026(%)
2.0-2.4%
—
Quarterly GDP Growth (Q1 2026)(% (q/q, SAAR))
2.0%
—
Health Expenditure (Government)(million USD)
$4,175,432 million (2024)
—
Healthcare Spending % of GDP(percent)
16.9%
9.2%
Defense Expenditure(Million Euros)
€925,796.8 million
—
Defense Expenditure 2024(USD Billion)
$925.8
—
Defence Expenditure(USD billions)
$925.8 billion
—
Per Capita GDP 2026(USD)
$89,000
—
Per Capita GDP (Nominal)(USD)
$89,000+
—
GDP Per Capita (Nominal)(USD)
$94,430
—
Per Capita GDP(USD)
$38,200
—
Tariff Vulnerability Impact(USD Billions)
Lower exposure
—
Potential Tariff Impact (2026-2027)(billion USD annual reduction)
$50-150B
—
Battery Production (LFP)(Percent (%))
~6% of global
—
Lithium Iron Phosphate Battery Production(%)
~15%
—
LFP Battery Production Share(%)
6%
—
Tariff Impact Risk to GDP(percentage points)
Minimal
—
Global Solar Panel Production Share(%)
9%
—
Potential Tariff Impact on GDP Growth(percentage points)
0.2-0.4pp
—
AI Adoption Boost to Growth(Percentage Points)
0.3-0.5% (from AI investment)
—
Real GDP Growth Rate 2026(%)
2.2%
—
Lithium Iron Phosphate Battery Production Share(%)
4%
—
EV Production (Global Share)(%)
15%
—
Solar Panel Production (Global Share)(%)
12%
—
PPP-Adjusted GDP 2026(trillion USD)
$31.5 trillion
—
Projected Annual GDP Growth Rate(percent)
2.1%
—
Global Economic Ranking 2026(rank)
1st
—
Global Economic Ranking(Rank)
1st
—
Government Debt-to-GDP Ratio(%)
123%
84%
Government Debt as % of GDP(percent)
122.27%
—
Government Debt-to-GDP Ratio(%)
123%
—
Total Debt-to-GDP Ratio(%)
123%
—
Government Debt-to-GDP(Percent)
123%
—
Show 7 more attributes
National Debt(USD trillion)
$33.2 trillion
—
Debt-to-GDP Ratio(%)
123%
—
Public Debt to GDP Ratio(percent)
123%
—
National Debt to GDP Ratio(%)
130%
—
Federal/National Debt as % of GDP(percentage)
123%
—
Public Debt as Percentage of GDP(%)
123%
—
Federal Debt-to-GDP Ratio(%)
123%
—
Population(billions)
0.34 billion
448M
Population (2024)(Millions)
336 million
448 million
Median Population Age(Years)
38.5 years
—
Population(millions)
339 million
—
Total Population(billions)
340 million
448 million
Show 3 more attributes
Median Age(years)
38.9 years
—
Working-Age Population(Millions)
209 million
—
Median Age of Population(years)
44.5 years
—
Annual R&D Investment(USD billion)
$809 billion
$312 billion
Annual Patent Filings(Thousands)
625,000
—
Patent Filings (Annual)(millions)
0.38 million
—
Patent Filings in Technology(Annual count)
398,144
—
Patent Filings Annually (2023)(thousand filings)
615,000
—
Show 1 more attribute
Patent Filings (2024)(Thousands)
415,000
—
Primary Tech Focus Area
AI, semiconductors, cloud, fintech
—
Average EV Cost (Entry Model)(USD (converted))
$35,000-45,000
—
GDP Per Capita 2026(USD)
$94,430
—
GDP per Capita (estimated 2026)(USD)
$96,500+
—
GDP per Capita 2024(USD)
$82,000
—
GDP Per Capita(USD)
$82,460
$38,500
GDP per Capita(USD)
$82,500
—
Show 3 more attributes
Per Capita GDP(USD)
$87,500
$38,700
GDP Per Capita (PPP)(USD)
$76,398
—
Per Capita Income(USD)
$76,500
—
GDP Gap vs Competitor(USD Trillions)
$11.1 trillion ahead
—
Q1 2026 GDP Growth Rate(Percent Year-over-Year)
Data not available
—
Q1 2026 Industrial Output Growth(Percent Year-over-Year)
Data not available
—
GDP as Percentage of Global Economy(Percent)
~25-26% of global GDP
—
Q1 2026 Inflation Rate(Percent)
Data not available
—
Inflation Rate(%)
2.8%
—
Inflation Rate(%)
3.4%
—
Inflation Rate (2024)(Percent)
2.6%
2.4%
Global Economic Rank 2026(rank)
1st
—
World GDP Share(percent)
32.4%
20.1%
Projected Global Rank 2031(rank)
1st (maintained)
—
Expected Consumption Growth 2026(%)
~1.8%
—
Share of Global GDP 2026(percent)
26.2%
—
Share of Global GDP(percent)
26.3%
—
Goldman Sachs Growth Forecast 2026(%)
Not specified
—
GDP Per Capita (Nominal, 2026)(USD)
$85,000
$42,900
Gross Domestic Product (GDP)(USD trillion)
$31 trillion
—
Inflation Rate (2025)(%)
2.9%
—
Fragile States Index(score)
44.5
—
Exchange Rate vs Euro(EUR conversion)
1 EUR = 1.1797 USD
—
GDP Advantage Over Rival(USD Trillion)
$11.53 trillion lead
—
Total Annual GDP(USD trillions)
$27.23 trillion
—
Nominal GDP (2025)(USD trillion)
$27.4 trillion
—
Total GDP(USD Trillion)
$27.4T
$18.5T
Nominal GDP(USD trillion)
$17.2T
—
Government Expenditure as % of GDP(percent)
37.74%
—
Projected Economic Growth 2026(percent)
3.5%
—
GDP Per Capita (2024)(USD)
$81,500
$41,200
Manufacturing Sector Contribution(Percent of GDP)
11.8%
—
Gross Domestic Product (2024)(USD Trillions)
$27.4 trillion
—
Annual Automotive Exports(USD billion)
$156 billion
—
Global Fortune 500 Companies(count)
167 companies
—
Exports as % of GDP(percent)
11.2%
—
Nominal GDP (2024)(USD Trillions)
$27.4 trillion
$18.5 trillion
Total Merchandise Trade Volume(USD trillion)
$2.4 trillion
—
Annual Exports(USD Trillions)
$2.1 trillion
—
Total Annual Exports(USD trillion)
$2.1 trillion
—
Total Merchandise Exports(USD Trillions)
$2.3T
—
Global Export Share(% of global exports)
8.2%
—
Show 4 more attributes
Annual Trade Balance(USD Billions)
-$773 billion
—
Total Trade Volume (2024)(USD Trillions)
$7.1 trillion
—
Global Trade Exports(USD Trillions)
$2.1 trillion
—
Merchandise Exports(USD billion)
$2.4 trillion
—
Foreign Direct Investment Inflows(billion USD)
$285 billion (2023)
$510 billion
Unemployment Rate(%)
4.1%
—
Average Annual Wage(USD)
$62,400
—
Global Venture Capital Share(%)
65%
—
R&D Spending(% of GDP)
3.5%
—
Annual R&D Spending(USD Billion)
$809 billion
—
Foreign Exchange Reserves(USD trillions)
$0.13 trillion
—
Manufacturing Output Share(Percent of Global)
16%
—
Manufacturing Output (Global Share)(Percent)
12%
—
Global Manufacturing Share (2024)(percent)
16%
—
GDP Growth Rate (2025)(% annual)
2.1%
—
Per Capita GDP (PPP)(USD)
$76,398
—
E-commerce as % of Retail(percentage)
16.3%
—
Technology Sector Market Cap(USD trillions)
$12.8 trillion
—
Renewable Energy Share(%)
21% of electricity
40% of electricity
Fortune 500 Companies(count)
135 companies
—
Annual GDP Growth Rate(%)
2.5%
1.6%
Average Annual GDP Growth Rate (2010-2023)(%)
2.4%
—
Manufacturing Sector Share(Percent of GDP (%))
11.2%
—
Service Sector Share(% of GDP)
80.1%
—
Manufacturing Share of GDP(Percent)
11.5%
—
Manufacturing as Percentage of GDP(percent)
11.8%
—
Manufacturing as % of GDP(%)
11.8%
—
Show 3 more attributes
Manufacturing Sector(percent of GDP)
12%
20%
Technology Sector(percent of GDP)
12%
8%
Services Sector Share of GDP(percent)
80%
—
Foreign Direct Investment (Annual)(billion USD)
$285 billion
—
Foreign Direct Investment (2025)(USD Billion)
$285 billion
—
Projected GDP in 2030(USD trillion)
$31.2 trillion
—
Global Manufacturing Share(%)
12.5%
12%
Trade Surplus/Deficit(USD Billions)
-$73 billion deficit
—
Trade Balance (Annual)(USD Billions)
-$773 billion (deficit)
—
Trade Balance (2024)(USD Billions)
-$73.1 billion
+$125 billion
Global Trade Volume Share(%)
8.2%
—
GDP Growth Rate 2023(Percent Annual)
2.5%
—
Annual Growth Rate(percent)
2.7%
0.9%
Defense Spending(USD billion)
$820 billion
—
GDP at Purchasing Power Parity(USD trillion)
$27.4 trillion
—
Foreign Direct Investment Annual Inflow(USD Billions)
$285 billion
—
Working-Age Population Growth Rate(% Annual Change)
+0.4% (growing)
—
Manufacturing Output(% of GDP)
$2.4 trillion
—
Average Annual Wage(USD)
$60,500
$52,000
Manufacturing Share of Global Output(percent)
17%
—
EV Market Penetration (Domestic)(%)
9.8%
—
Stock Market Capitalization (2024)(USD trillions)
$42.8 trillion
—
Stock Market Capitalization(USD Trillion)
$42 trillion
$18.5 trillion
Global Manufacturing Output Share(percent)
16%
—
Share of Global Manufacturing Output(%)
16%
—
Foreign Direct Investment Inflows (2024)(USD Billions)
$269 billion
—
Tech Sector Market Capitalization (Top 7 Companies)(USD Trillion)
$14.2 trillion
—
Purchasing Power Parity GDP(USD trillion)
$28.2 trillion
—
Global Economic Share(%)
26% of world GDP
—
Global GDP Share(percent)
25.4%
20%
Foreign Direct Investment Inflow (2023)(USD Billion)
$285 billion
—
Gini Coefficient (Income Inequality)(0-1 scale)
0.41
0.31
Healthcare Spending (% of GDP)(%)
17.3%
10.9%
Trade Balance(billion USD annually)
-$773 billion deficit
—
Foreign Direct Investment(USD billions annually)
$285 billion
—
Foreign Currency Reserves(USD trillions)
$0.13 trillion
—
Average Annual Wage (Tech Sector)(USD)
$120,000
—
Renewable Energy Capacity(GW)
680 GW
690 GW
Renewable Energy Generation(percent)
21.6%
42.6%
Total Trade Volume(trillion USD)
$2.9 trillion
—
Share of Global GDP (2024)(Percent)
31%
21%
Tech Sector Market Capitalization(USD trillion)
$3.8T
—
Minimum Paid Leave Requirement(days per year)
20-30
—
Corporate Income Tax Rate(percent)
23.2%
—
Export Competitiveness Index Rank(score (higher=better))
3.4 (4th globally)
—
Pros & Cons
10 pros·6 cons across both
EU
United States Economy
+5-3
Pros
- Highest nominal GDP at $27.4 trillion, commanding 31% of global economic output
- Per capita GDP of $81,500, nearly 2x the EU average of $41,200
- Real GDP growth of 2.5% in 2024, significantly outpacing EU's 0.8%
- Dominant in high-value sectors including technology, finance, and pharmaceuticals
- Single unified market with 336 million consumers and no internal trade barriers
Cons
- Trade deficit of $73.1 billion in 2024, reflecting reliance on imports
- Rising wealth inequality with Gini coefficient of 0.48, higher than most EU nations
- Aging infrastructure requiring significant reinvestment (estimated $2.6 trillion needed by 2029)
EU
European Union Economy
+5-3
Pros
- Trade surplus of $125 billion in 2024, demonstrating competitive export strength
- Larger population of 448 million across unified single market with standardized regulations
- Strong manufacturing base in automotive, chemicals, and machinery sectors
- Universal healthcare and social safety nets reduce income inequality (Gini 0.30 average)
- Leader in renewable energy adoption with 46% of electricity from renewables by 2024
Cons
- Significantly lower nominal GDP of $18.5 trillion, 48% below US levels
- Anemic real growth of 0.8% in 2024 due to energy costs and structural challenges
- Unemployment rate of 6.3% in 2024, exceeding US rate of 4.1% by 220 basis points
Frequently Asked Questions
5 questions
The US has approximately 48% higher nominal GDP ($27.4T vs $18.5T) despite a smaller population (336M vs 448M) due to significantly higher per-capita productivity ($81,500 vs $41,200). This gap stems from higher average wages, greater capital investment in technology and R&D, more dynamic labor markets, and concentrated wealth generation in high-value sectors like tech and finance. The US also benefits from lower corporate tax rates post-2017 tax reform, which attracted capital repatriation.
Resources & Learn More
Curated sources to dive deeper
Wikipedia
- W
United States Economy on Wikipedia (opens in new tab)
World's largest economy by nominal GDP with $27.4 trillion output and 3.1x higher per-capita income than EU average.
- W
European Union Economy on Wikipedia (opens in new tab)
Second-largest economy combining 27 member states with $18.5 trillion GDP and strong trade surpluses despite slower growth.
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