11 mind-blowing facts about the US economy
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- The United States is the world's largest economy.
- Here are 11 surprising facts about the US economy, from its near-record economic growth to the mind-boggling GDP of its largest state, California.
- Visit MarketsInsider.com for more stories.
For more than a century, the United States has been the world's economic powerhouse.
From its world-leading GDP to its powerful stock exchange, The US is the market the rest of the globe looks to, even when it's in the doldrums. But in the wake of the Great Recession, the US still has plenty of uncertainties when it comes to the future of its economy.
We've collected some fascinating facts about the US economy, from it's near-record economic growth happening right now, to the impressive GDP of its biggest state, California.
Here are 11 mind-blowing facts about America's economy:
The US is on the verge of its longest economic expansion on record
But the US also just hit a record 13 straight years without 3% real GDP growth
The decade-long expansion has generated 20 million jobs
Sleep deprivation costs the US economy billions of dollars
About $100,000 separates the middle class from the upper class
Generation Z might spend as much as $143 billion next year
The average car part crosses into Mexico and Canada eight times in production
If California were a country, it would have the fifth highest GDP in the world
The US spends more on defense than the next seven nations combined
The US national debt is at an all-time high
The sports industry is worth nearly $75 billion