The United States of America is a North American nation that is the world’s most dominant economic and military power. Likewise, its cultural imprint spans the world, led in large part by its popular culture expressed in music, movies and television. In 2016 the country elected Donald Trump president.
The United States has been the world's largest economy since 1871, but China's growth may soon position it as the leader of the world's top 10 economies. The United States has been the world's largest economy since 1871, but China's growth may soon position it as the leader of the world's top 10 economies.
The reputation of Germany’s automotive sector—autos are Deutschland’s biggest export—has been knocked by the still-evolving Volkswagen emissions scandal. And over the long-term, Germany is one of most rapidly aging countries in the world, which presents a challenge for growth as the labor force shrinks over time.
The economies of countries in the European Union, which include France, Italy and Germany, account for just over 20% of the world’s total GDP. This is a relatively large decrease from the year 2000, when these countries collectively held over 25% of the world’s GDP.
The United States is the world's largest economy with a GDP of approximately $18.56 trillion, notably due to high average incomes, a large population, capital investment, moderate unemployment, high consumer spending, a relatively young population, and technological innovation.