OECD Basic statistics on the US economy
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This document compares various economic and social statistics between the United States and OECD averages. It shows that the US has a higher GDP per capita than average but lower life expectancy. The US also spends significantly more on healthcare as a percentage of GDP than other OECD countries. While the US performs above average in reading, it performs below average in math and science according to PISA test scores.
OECD Basic statistics on the US economy
- 1. This chartbook compares the US to other OECD countries 2014 OECD ECONOMIC SURVEY OF THE UNITED STATES CHARTBOOK: BASIC STATISTICS 13 June 2014, Washington D.C., USA www.oecd.org/eco/surveys/economic-survey-united-states.htm
- 2. INCOME: the US has one of the highest GDP per capita in the OECD United States • GDP per capita: $51,748 OECD average • GDP per capita: $37,241
- 3. POPULATION DEMOGRAPHICS: the US has slightly less elderly and more youth than the OECD average United States • 13.7% are over 65 years old • 19.5% are under 15 years old OECD average • 15.3% are over 65 years old • 18.4% are under 15 years old
- 4. LENGTH OF LIFE: life expectancy in the US is lower than the OECD average United States • Life expectancy: 78.7 years old OECD average • Life expectancy: 80 years old
- 5. HEALTH CARE: the US spends significantly more on health care (as % of GDP and in total) than all other OECD countries United States • 17.7% of GDP OECD average • 9.5% of GDP
- 6. WOMEN IN GOVERNMENT: In the US women represent a lower share of parliament than in most OECD countries United States • 18% women in Parliament OECD average • 26% women in Parliament
- 7. Education: the US spends the OECD average on education (as % of GDP) United States • 4% of GDP OECD average • 4% of GDP
- 8. Education: the US PISA scores are above the OECD average in Reading but lower than average in Math and Science United States • Reading: 498 • Math: 481 • Science: 497 OECD average • Reading: 496 • Math: 494 • Science: 501
- 9. R&D: the US spends slightly over the OECD average (as % of GDP) on research and development United States • 2.7% of GDP OECD average • 2.4% of GDP
- 10. Pensions: the US spends less than the OECD average (as % of GDP) on pensions United States • 6.1% of GDP OECD average • 7.6% of GDP
- 11. Debt: the US has a higher general government net financial debt (as % of GDP) than the OECD average United States • 80% of GDP OECD average • 68% of GDP
- 12. Hours worked: those holding a job in the US work more annual hours on average than the OECD average United States • 1 790 hours per year OECD average • 1 765 hours per year
- 13. Employment: the US has a higher employment rate for both males and females than the OECD average United States • Females: 62.3% • Males: 72.6% OECD average • Females: 60.4% • Males: 72.3%
- 14. Unemployment: the US has a lower youth unemployment rate than the OECD average United States • 15.5% OECD average • 20.6%
- 15. Unemployment: the US has a lower unemployment rate for persons 15 and over than the OECD average United States • 7.4% OECD average • 8.8%
- 16. Environment: the US has one of the highest CO2 emissions per capita from fossil fuel combustion in the OECD United States • 17 tonnes of CO2 OECD average • 10 tonnes of CO2
- 17. Inequality: the US has nearly the highest ratio of inequality (as measured by the GINI) in the OECD United States • 0.38 OECD average • 0.31
- 18. List of country abbreviations AUS Australia AUT Austria BEL Belgium CAN Canada CHL Chile CZE Czech Republic DNK Denmark EST Estonia FIN Finland FRA France DEU Germany GRC Greece HUN Hungary ISL Iceland IRL Ireland ISR Israel ITA Italy JPN Japan JPN Japan KOR Korea LUX Luxembourg MEX Mexico NLD Netherlands NZL New Zealand NOR Norway POL Poland PRT Portugal SVK Slovak Republic SVN Slovenia ESP Spain SWE Sweden CHE Switzerland TUR Turkey GBR United Kingdom USA United States OECD OECD average
- 19. Compare your country data visualization tool OECD Economic Surveys: United States 2014 • Read this publication • Website with additional information Follow us on twitter: OECD Economics