Key Facts
- Official Name : United States of America
- Abbreviated Name : US or USA
- Capital City : Washington D.C.
- Government : Constitution-based federal republic
- Independence : 4th July, 1776 (from Great Britain)
- Constitution : 17th Sept, 1787 – effective 4th March, 1789
- Population: Approx. 330 million (2019)
- Main Languages: English and Spanish
- Legal System: Common Law System based on English Common Law at the Federal Level, state legal systems based on Common Law
- Internet Users: 76.2% of population
- Education expenditure: 5% of GDP
- Life Expectancy: 76 years (Men), 81 years (Women)
- Natural Resources: Coal, Copper, Lead, Molybdenum, Phosphates, Rare earth elements, Uranium, Bauxite, Gold, Iron, Mercury, Nickel, Potash, Silver, Tungsten, Zinc, Petroleum, Natural Gas, Timber, arable land. US has the world’s largest coal reserves.
- Industries: Highly diversified, word-leading, high-technology innovator, second-largest industrial output in the world, petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods.
- Agricultural Products: Wheat, Corn, other grains, fruits, vegetables, cotton, beef, pork, poultry, dairy products, fish, forest products.
- Export Commodities: Agricultural products (soyabeans, fruit, corn) 9.2%; industrial supplies 26.8%; capital goods 49%; consumer goods 15%.
- Import Commodities: Agricultural products 4.9%; Industrial supplies 32.9%; capital goods 30.4%; consumer goods 31.8%.
- Unemployment Rate: 6.7% (2020)
- Minimum wage varies between USD 7.25 – 15.75 per hour, depending on each state
- Currency: US Dollar (USD)
- GDP: USD 22.32 trillion (2020) – Growth of 2.4%
- Per capita Income: USD 67,426 (2020)
- Inflation Rate: 1.3% (2020)
- Commercial Bank Lending Rate: 3.250% (2020)
- Federal Corporate Tax Rate : 21%
- State Corporate Tax Rates : From 3 – 12% (depending on state)
- Personal Federal Tax Rates : 10 – 37%
- Personal State Tax Rates : 0 – 13.3%
- Calling Code : 001
- Residency requirement for Naturalization: 5 years
- Time Zone: GMT – 5 hours
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