page_title: Economy of the United States
section_title: Income and wealth
hierarchical_section_title: Economy of the United States / Income and wealth
caption_attribution_description: English: Real median household income in the United States. CPI-U-RS adjusted dollars, not seasonally adjusted. Shaded areas indicate U.S. recessions. Created by the U.S. Bureau of the Census.
context_page_description: The economy of the United States is that of a developed country with a mixed economy. It is the world's largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity. It has the world's eighth-highest per capita GDP and the tenth-highest per capita GDP in 2019. The United States has the most technologically powerful economy in the world and its firms are at or near the forefront in technological advances, especially in computers, pharmaceuticals, and medical, aerospace, and military equipment. The U.S. dollar is the currency most used in international transactions and is the world's foremost reserve currency, backed by its economy, its military, the petrodollar system and its linked eurodollar and large U.S. treasuries market. Several countries use it as their official currency and in others it is the de facto currency. The largest U.S. trading partners are China, Canada, Mexico, Japan, Germany, South Korea, United Kingdom, France, India, and Taiwan. The U.S. is the world's largest importer and the second-largest exporter.
caption: U.S. real median household income (1984–2018)
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