World Economic Outlook Database, October 2012

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       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes200620072008200920102011201220132014201520162017
United StatesGross domestic product, constant pricesNational currencyBillionsSource: Haver Analytics
Latest actual data: 2011
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 09/201212,958.47513,206.37513,161.92512,757.95013,062.97513,299.10013,587.65213,875.22214,282.75614,762.23115,265.68415,773.899
United StatesGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).2.6581.913-0.337-3.0692.3911.8082.1702.1162.9373.3573.4103.329
United StatesGross domestic product, current pricesNational currencyBillionsSource: Haver Analytics
Latest actual data: 2011
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 09/201213,377.20014,028.67514,291.55013,973.65014,498.92515,075.67515,653.36616,197.95616,912.54017,768.39718,717.04519,745.323
United StatesGross domestic product, current pricesU.S. dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).13,377.20014,028.67514,291.55013,973.65014,498.92515,075.67515,653.36616,197.95616,912.54017,768.39718,717.04519,745.323
United StatesGross domestic product per capita, constant pricesNational currencyUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).43,349.54243,743.74543,193.78941,506.31042,175.09042,632.72243,229.95443,735.13144,593.89645,654.99646,765.49547,865.349
United StatesGross domestic product per capita, current pricesNational currencyUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).44,750.28846,467.46646,900.90545,461.42946,811.19548,327.86149,802.14851,056.46152,804.65854,952.13557,338.52759,916.496
United StatesGross domestic product per capita, current pricesU.S. dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).44,750.28846,467.46646,900.90545,461.42946,811.19548,327.86149,802.14851,056.46152,804.65854,952.13557,338.52759,916.496
United StatesGross domestic product based on purchasing-power-parity (PPP) valuation of country GDPCurrent international dollarBillionsSee notes for: 
Gross domestic product, current prices (National currency).13,377.20014,028.67514,291.55013,973.65014,498.92515,075.67515,653.36616,197.95616,912.54017,768.39718,717.04519,745.323
United StatesGross domestic product based on purchasing-power-parity (PPP) per capita GDPCurrent international dollarUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).44,750.28846,467.46646,900.90545,461.42946,811.19548,327.86149,802.14851,056.46152,804.65854,952.13557,338.52759,916.496
United StatesGross domestic product based on purchasing-power-parity (PPP) share of world totalPercent See notes for: 
Gross domestic product, current prices (National currency).21.67920.99020.37619.91819.41419.09018.91418.65318.44718.27018.08817.884
United StatesInflation, average consumer pricesIndex Source: Haver Analytics
Latest actual data: 2011
Harmonized prices: No
Frequency of source data: Monthly
Base year: Base is 1982-1984=100
Primary domestic currency: U.S. dollars
Data last updated: 09/2012201.558207.344215.255214.565218.085224.937229.362233.419237.503241.816246.713251.891
United StatesInflation, average consumer pricesPercent change See notes for: 
Inflation, average consumer prices (Index).3.2222.8713.815-0.3211.6403.1421.9671.7691.7501.8162.0252.099
United StatesInflation, end of period consumer pricesIndex Source: Haver Analytics
Latest actual data: 2011
Harmonized prices: No
Frequency of source data: Monthly
Base year: Base is 1982-1984=100
Primary domestic currency: U.S. dollars
Data last updated: 09/2012203.325211.622213.131217.204220.852227.648231.252235.489239.583244.163249.309253.866
United StatesInflation, end of period consumer pricesPercent change See notes for: 
Inflation, end of period consumer prices (Index).2.1994.0810.7131.9111.6793.0771.5831.8321.7391.9122.1081.828
United StatesSix-month London interbank offered rate (LIBOR)Percent  5.2745.2523.0461.1210.5180.5070.7170.615n/an/an/an/a
United StatesVolume of imports of goods and servicesPercent change Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports: 6.0982.408-2.688-13.53412.4814.7793.4993.5764.5965.3015.7275.996
United StatesVolume of Imports of goodsPercent change Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports: 5.9212.599-3.839-15.59914.8655.1823.3094.1044.9375.5555.9456.240
United StatesVolume of exports of goods and servicesPercent change Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports: 8.9699.3036.102-9.13311.1376.6824.3024.3234.8215.0065.1735.250
United StatesVolume of exports of goodsPercent change Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports: 9.4229.7486.330-11.96414.2927.1735.3364.3114.5814.8555.1015.201
United StatesValue of oil importsU.S. dollarsBillionsSource: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports: 302.450346.700476.125267.700353.750462.300458.457464.907457.894453.167450.790446.432
United StatesValue of oil exportsU.S. dollarsBillionsSource: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports: 31.57037.75867.18149.17970.867113.240111.302110.170105.473101.08497.22693.222
United StatesUnemployment ratePercent of total labor force Source: Haver Analytics
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: U.S. dollars
Data last updated: 09/20124.6084.6175.8009.2759.6258.9508.2298.1257.6647.0536.4636.014
United StatesEmploymentPersonsMillionsSource: Haver Analytics
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: U.S. dollars
Data last updated: 09/2012144.418146.050145.370139.888139.070139.873142.387144.495n/an/an/an/a
United StatesPopulationPersonsMillionsSource: Haver Analytics
Latest actual data: 2011
Primary domestic currency: U.S. dollars
Data last updated: 09/2012298.930301.903304.718307.374309.732311.946314.311317.256320.285323.343326.431329.547
United StatesGeneral government net debtNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2010
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the March 2012 Congressional Budget Office baseline, adjusted for the IMF staff’s policy and macroeconomic assumptions. The key near-term policy assumptions include an extension of all the Bush tax cuts and emergency unemployment benefits into 2013 and replacement of automatic spending cuts (“sequestration”) with back-loaded consolidation measures. Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to the Alternative Minimum Tax parameters and Medicare payments (“Doc Fix”) and will extend certain traditional programs (such as the research and development tax credit). It is assumed that the Bush tax cuts for the middle class will be extended permanently, but those for high-income taxpayers will be allowed to expire in 2014 (one year later than planned by the administration). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 09/20126,498.1806,760.6347,684.0679,188.92810,613.06912,103.35913,113.44114,199.47115,098.61315,910.03116,773.34017,660.381
United StatesGeneral government net debtPercent of GDP See notes for: 
General government net debt (National currency).48.57748.19253.76765.75973.19980.28483.77487.66289.27589.54189.61589.441
United StatesGeneral government gross debtNational currencyBillionsSource: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2010
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the March 2012 Congressional Budget Office baseline, adjusted for the IMF staff’s policy and macroeconomic assumptions. The key near-term policy assumptions include an extension of all the Bush tax cuts and emergency unemployment benefits into 2013 and replacement of automatic spending cuts (“sequestration”) with back-loaded consolidation measures. Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to the Alternative Minimum Tax parameters and Medicare payments (“Doc Fix”) and will extend certain traditional programs (such as the research and development tax credit). It is assumed that the Bush tax cuts for the middle class will be extended permanently, but those for high-income taxpayers will be allowed to expire in 2014 (one year later than planned by the administration). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 09/20128,912.5669,421.74810,881.08912,528.12514,298.36415,517.37216,777.31918,097.06519,249.54520,288.77921,373.27322,512.648
United StatesGeneral government gross debtPercent of GDP See notes for: 
General government gross debt (National currency).66.62567.16176.13789.65598.617102.930107.180111.724113.818114.185114.191114.015
United StatesCurrent account balanceU.S. dollarsBillionsSource: Haver Analytics
Latest actual data: 2011
BOP Manual used: BPM 5. Certain provisions of BPM 6 have been incorporated as of July 2010
Primary domestic currency: U.S. dollars
Data last updated: 09/2012-800.621-710.304-677.134-381.898-441.952-465.928-486.525-499.250-523.196-565.422-622.441-687.867
United StatesCurrent account balancePercent of GDP See notes for: 
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).-5.985-5.063-4.738-2.733-3.048-3.091-3.108-3.082-3.094-3.182-3.326-3.484
Notes
  Country/Series-specific Notes  
  United States: Gross domestic product, constant prices (National currency)
Source: Haver Analytics
Latest actual data: 2011
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: Gross domestic product, constant prices (Percent change)
See notes for:
Gross domestic product, constant prices (National currency).


United States: Gross domestic product, current prices (National currency)
Source: Haver Analytics
Latest actual data: 2011
GDP valuation: Real Gross Domestic Product determined by chained Fisher quantity growth rates.
Start/end months of reporting year: January/December
Base year: 2005
Chain-weighted: Yes, from 1980
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: Gross domestic product, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency).


United States: Gross domestic product per capita, constant prices (National currency)
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).


United States: Gross domestic product per capita, current prices (National currency)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


United States: Gross domestic product per capita, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


United States: Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


United States: Gross domestic product based on purchasing-power-parity (PPP) per capita GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


United States: Gross domestic product based on purchasing-power-parity (PPP) share of world total (Percent)
See notes for:
Gross domestic product, current prices (National currency).


United States: Inflation, average consumer prices (Index)
Source: Haver Analytics
Latest actual data: 2011
Harmonized prices: No
Frequency of source data: Monthly
Base year: Base is 1982-1984=100
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: Inflation, average consumer prices (Percent change)
See notes for:
Inflation, average consumer prices (Index).


United States: Inflation, end of period consumer prices (Index)
Source: Haver Analytics
Latest actual data: 2011
Harmonized prices: No
Frequency of source data: Monthly
Base year: Base is 1982-1984=100
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: Inflation, end of period consumer prices (Percent change)
See notes for:
Inflation, end of period consumer prices (Index).


United States: Volume of imports of goods and services (Percent change)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports:


United States: Volume of Imports of goods (Percent change)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports:


United States: Volume of exports of goods and services (Percent change)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports:


United States: Volume of exports of goods (Percent change)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports:


United States: Value of oil imports (U.S. dollars)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports:


United States: Value of oil exports (U.S. dollars)
Source: Haver Analytics
Latest actual data: 2011
Base year: 2005
Methodology used to derive volumes:
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1980
Trade System: General trade
Oil coverage: Primary or unrefined products;Secondary or refined products;Other;. Oil imports is petroleum and product imports and oil exports is petroleum and product exports as published in the national income and product accounts
Valuation of exports:
Valuation of imports:


United States: Unemployment rate (Percent of total labor force)
Source: Haver Analytics
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: Employment (Persons)
Source: Haver Analytics
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: Population (Persons)
Source: Haver Analytics
Latest actual data: 2011
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: General government net debt (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2010
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the March 2012 Congressional Budget Office baseline, adjusted for the IMF staff’s policy and macroeconomic assumptions. The key near-term policy assumptions include an extension of all the Bush tax cuts and emergency unemployment benefits into 2013 and replacement of automatic spending cuts (“sequestration”) with back-loaded consolidation measures. Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to the Alternative Minimum Tax parameters and Medicare payments (“Doc Fix”) and will extend certain traditional programs (such as the research and development tax credit). It is assumed that the Bush tax cuts for the middle class will be extended permanently, but those for high-income taxpayers will be allowed to expire in 2014 (one year later than planned by the administration). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: General government net debt (Percent of GDP)
See notes for:
General government net debt (National currency).


United States: General government gross debt (National currency)
Source: BEA and IMF's Government Finance Statistics Yearbook (revenue, expenditure, and net lending); Flow of Funds (debt)
Latest actual data: 2010
Notes: Revenue, expenditure, and net lending data are compiled according to the GFSM2001 methodology. Due to data limitations, most series begin 2001.
Fiscal assumptions: Fiscal projections are based on the March 2012 Congressional Budget Office baseline, adjusted for the IMF staff’s policy and macroeconomic assumptions. The key near-term policy assumptions include an extension of all the Bush tax cuts and emergency unemployment benefits into 2013 and replacement of automatic spending cuts (“sequestration”) with back-loaded consolidation measures. Over the medium term, the IMF staff assumes that Congress will continue to make regular adjustments to the Alternative Minimum Tax parameters and Medicare payments (“Doc Fix”) and will extend certain traditional programs (such as the research and development tax credit). It is assumed that the Bush tax cuts for the middle class will be extended permanently, but those for high-income taxpayers will be allowed to expire in 2014 (one year later than planned by the administration). The fiscal projections are adjusted to reflect the IMF staff’s forecasts of key macroeconomic and financial variables and different accounting treatment of the financial sector support and are converted to the general government basis.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: General government gross debt (Percent of GDP)
See notes for:
General government gross debt (National currency).


United States: Current account balance (U.S. dollars)
Source: Haver Analytics
Latest actual data: 2011
BOP Manual used: BPM 5. Certain provisions of BPM 6 have been incorporated as of July 2010
Primary domestic currency: U.S. dollars
Data last updated: 09/2012


United States: Current account balance (Percent of GDP)
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).


 
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