United States

In what year did the U.S. economy account for 68% of its GDP?

In 2009, the private sector was estimated to constitute 86.4% of the economy. While its economy has reached a postindustrial level of development, the United States remains an industrial power. Consumer spending comprised 68% of the U.S. economy in 2015. In August 2010, the American labor force consisted of 154.1 million people (50%). With 21.2 million people, government is the leading field of employment. The largest private employment sector is health care and social assistance, with 16.4 million people. It has a smaller welfare state and redistributes less income through government action than most European nations.


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