One Diagram That Will Change the Way You Look At the US Economy
21 July 2015
The US is by far the largest economy in the World, with a nominal GDP of $17.4 trillion in 2014. However, it is not the World leader in all economic sectors: the US is a service-based economy, with a smaller focus on agriculture and industry than other countries (though its industrial and agricultural sectors are still the second- and third-largest in the World due to the sheer size of the US economy).