United States

Context:

United states is a country located in North America with a current population of around 331 million people

as of the start of 2020, making it the 3rd most populated country in the world. The US has well-developed

infrastructure as well as high productivity allowing it to be the world’s second largest manufacturer of

goods just behind China.

GDP Analysis:

Both nominal and real GDP increased every year from 2011 to 2020. However in 2020 we saw both real

and nominal GDP decrease most likely due to the economic damage the COVID pandemic caused. It was

a moderate decrease of -3.5%. 

The real GDP has had a consistent rise over the past 10 years which does not support the business cycle

that well. Interestingly, the GDP growth constantly shifts from decreasing to increasing showing how

GDP increases at different rates. 

United States for last 10 years (2011-2020):

Year	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Nominal GDP	15.543 Trillion	16.197 Trillion	16.785 Trillion	17.527 Trillion	18.238 Trillion	18.745 Trillion	19.543 Trillion	20.612 Trillion	21.433 Trillion	20.937 Trillion
REAL GDP ($)	15.841 Trillion	16.197 Trillion	16.495 Trillion	16.912 Trillion	17.432 Trillion	17.731 Trillion	18.144 Trillion	18.688 Trillion	19.092 Trillion	18.426 Trillion
GDP per capita($)	49,887	51,611	53,118	55,065	56,839	57,952	60,062	62,996	65,298	63,051
GDP Growth,	1.6%	2.2%	1.8%	2.5%	3.1%	1.7%	2.3%	3%	2.2%	-3.5%

https://www.statista.com/statistics/1031678/gdp-and-real-gdp-united-states-1930-2019/