The United States of America is the world's largest national economy, representing 22.4% of nominal global GDP and 16.6% of global GDP. The United States' GDP was estimated to be $17.555 trillion as of Q3 2014.
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The United States of America is the world's
largest national economy, representing 22.4% of nominal global GDP
and 16.6% of global GDP. The United States' GDP was estimated to be $17.555 trillion as of Q3 2014.
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The U.S. is the world's largest producer of
oil and natural gas. It is the second-largest trading
nation in the world as well as the world's second largest manufacturer, representing a fifth of the global manufacturing output. Of the world's 500 largest companies, 128 are headquartered in the US.
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The economic history of the United States has
its roots in European settlements in the 16th, 17th,
and 18th centuries. The American colonies went from marginally successful colonial economies to a small, independent farming economy, which in 1776 became the United States of America
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From its emergence as an independent nation, the
United States has encouraged science and innovation. As a
result, the United States has been the birthplace of 161 of Britannica's 321 Greatest Inventions, including items such as the airplane, internet, microchip, laser, cellphone, refrigerator, email, microwave, personal computer,