Even though Americans have been dissatisfied with the economy lately, data shows that the U.S. has the largest and strongest economy in the world as we enter the New Year.
Just this week, Forbes India listed the U.S. as the country with the largest economy in the world, based on Gross Domestic Product data.
“The United States upholds its status as the major global economy and richest country, steadfastly preserving its pinnacle position from 1960 to 2023,” said the outlet. “Its economy boasts remarkable diversity, propelled by important sectors, including services, manufacturing, finance, and technology. The United States enjoys a substantial consumer market, fosters innovation and entrepreneurial spirit, possesses resilient infrastructure, and experiences advantageous business conditions.”
Investopedia ranked the U.S. economy as the world’s top last month based on GDP data. It said that the economy’s service sector – including finance, real estate, insurance, professional and business services, and healthcare – was the main driver of GDP.
Over the summer, the Center for American Progress reported that the U.S. economy was among the strongest in the G7 forum. That intergovernmental group also includes Canada, France, Germany, Italy, Japan and the U.K.
“The U.S. economy remains better positioned than many of its counterparts in the Group of Seven (G7) across the following seven indicators: inflation, energy prices,…
