For the experts: What makes the United States so rich? What do we trade? Manufacture? Import? Export?

Question

We are no longer in the top 15 in these categorizations are we.

Answer 1

War

Answer 2

SOURCE
DEFINITION
GNI, Atlas method (current US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and prop).
Economy Statistics > Gross National Income by country
Rank Countries Amount (top to bottom)
#1 United States: $9,780,000,000,000.00
#2 Japan: $4,520,000,000,000.00
#3 Germany: $1,940,000,000,000.00
#4 United Kingdom: $1,480,000,000,000.00
#5 France: $1,380,000,000,000.00
#6 China: $1,130,000,000,000.00
#7 Italy: $1,120,000,000,000.00
#8 Canada: $682,000,000,000.00
#9 Spain: $588,000,000,000.00
#10 Mexico: $550,000,000,000.00
#11 Brazil: $529,000,000,000.00
#12 India: $477,000,000,000.00
#13 Netherlands: $390,000,000,000.00
#14 Australia: $386,000,000,000.00
#15 Switzerland: $277,000,000,000.00
#16 Argentina: $260,000,000,000.00
#17 Russia: $253,000,000,000.00
#18 Belgium: $245,000,000,000.00
#19 Sweden: $226,000,000,000.00
#20 Austria: $195,000,000,000.00
#21 Saudi Arabia: $181,000,000,000.00
#22 Turkey: $167,000,000,000.00
#23 Poland: $164,000,000,000.00
#24 Denmark: $164,000,000,000.00
#25 Norway: $161,000,000,000.00
#26 Indonesia: $145,000,000,000.00
#27 Finland: $123,000,000,000.00
#28 South Africa: $122,000,000,000.00
#29 Greece: $121,000,000,000.00
#30 Thailand: $118,000,000,000.00
#31 Portugal: $109,000,000,000.00
#32 Israel: $107,000,000,000.00
#33 Singapore: $88,812,300,000.00
#34 Ireland: $87,735,600,000.00
#35 Colombia: $81,551,500,000.00
#36 Philippines: $80,844,900,000.00
#37 Malaysia: $79,326,600,000.00
#38 Chile: $70,619,200,000.00
#39 Pakistan: $60,047,300,000.00

Answer 3

America is still the world leader for value of manufactring output. Primary products made/exported include: aircraft, nuclear power plants, computer electronics, software, refined petroleum products (raw plastics), and food. Financial services are an important commodity sold internationally, it helps balance the trade deficit by encouraging investment and providing necessary liquid capital.

Major imports include finished plastic goods (we import the oil, create the plastic, sell the plastic, then buy back the stuff made from plastic), food, and consumer electronics.

China is growing manufacturing output dramatically, but by current projects it will not surpass the U.S. in annual value until about 2020.

Answer 4

Freedom and private property.

With those two things, an entrepeneur can figure out a way to make money by starting a business that provides a useful product or service to someone.

Americans are free to profit off of their hard work, inventions, improvements, abilities. Many poorer countries prohibit this, put too much red tape in the way, or tax the heck out of it.

Private property allows you to have clear title to real assets. You can use those assets to borrow against. That's one of the problems that many poor countries have. There is no clearly defined legal title to a home or other property, so there is no ability to borrow against it's equity, because a bank cannot foreclose on it.

Imagine what would happen to American small business if all of a sudden, we could no longer borrow based on equity in our homes or other real estate?

Answer 5

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It gives free training on how to make money online

Answer 6

America is a post-industrial economy, that means that most of it's economic growth is in the service sector, while things like manufacturing are in relative decline. Though, services do cross borders, so there is 'export' going on. Finance and IT, for instance, are pretty important.

Some of the economic activity in America is pretty darn near illusory, though. Specifically, the profits made by importers who buy cheap goods in weak-currency/cheap-labor countries and sell them to consumers in the US are counted as economic production, here. (OK, yes, I'm talking about Wal*Mart).

Answer 7

We print and borrow the most money.

This too shall pass as we will become fiscally bankrupt due to the tax, spend and borrow policies since FDR and the fact we have an unfunded ponzi scheme of $76 trillion for Social Security (FDR), Medicare / Medicaid (LBJ) and Medicare RX (Bush II) due over the next 75 years which our children and grandchildren cannot possibly pay.

Answer 8

We need to compete. There is no question about that. We need to be educating our children to be entrepreneurs. To compete.

We do not need to be teaching our children to give up. To look to the government to fix the economy...

And we still manufacture plenty. And trade plenty.

One of the reasons NK is a threat to us, is that it pirates our inventions... Counterfeits our money...

Answer 9

All of the above I don't care were in this world you are, take a look around almost every thing is American sure we let other make it for us and others copy But it started with America! Be proud your country is the 'BIG DOG' in this world the rest are puppies

Answer 10

We trade and we manufacture. It's a combination of both.