In 2021, exports of goods and services from the United States made up about 10.89 percent of its gross domestic product (GDP). This is an increase from 9.25 percent of GDP of the United States in 1990.
The balance of trade in the United States has been a longstanding topic of conversation among economists, business interests, and politicians. When a country imports more than it exports, this is known as a trade deficit. While large export industries have been present in the United States for many years, the U.S. trade deficit has been increasing and is the largest volume of any nation.
Exports of goods and services from the United States from 1990 to 2021, as a percentage of gross domestic product
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World Bank. (May 10, 2023). Exports of goods and services from the United States from 1990 to 2021, as a percentage of gross domestic product [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/258779/us-exports-as-a-percentage-of-gdp/
World Bank. "Exports of goods and services from the United States from 1990 to 2021, as a percentage of gross domestic product." Chart. May 10, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/258779/us-exports-as-a-percentage-of-gdp/
World Bank. (2023). Exports of goods and services from the United States from 1990 to 2021, as a percentage of gross domestic product. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/258779/us-exports-as-a-percentage-of-gdp/
World Bank. "Exports of Goods and Services from The United States from 1990 to 2021, as a Percentage of Gross Domestic Product." Statista, Statista Inc., 10 May 2023, https://www.statista.com/statistics/258779/us-exports-as-a-percentage-of-gdp/
World Bank, Exports of goods and services from the United States from 1990 to 2021, as a percentage of gross domestic product Statista, https://www.statista.com/statistics/258779/us-exports-as-a-percentage-of-gdp/ (last visited September 01, 2024)
Exports of goods and services from the United States from 1990 to 2021, as a percentage of gross domestic product [Graph], World Bank, May 10, 2023. [Online]. Available: https://www.statista.com/statistics/258779/us-exports-as-a-percentage-of-gdp/