capita is on an uptrend. One of the US economy facts that shows you how big it is: The US GDP per capita has steadily increased over the years. The Latin term per capita translates to “for each head,” meaning that it represents the total GDP distributed per each person in its population. 2016 – $58,000

2017 – $60,000

2018 – $63,000

2019 – $65,000

The US economy has been the top economy since the 19th century. The US economy is arguably the most consistent one in the world. Since the late 19th century, it has been the world’s leading economy. To this day, it remains the world’s largest economy.

The United States is not the richest country in the world. Despite having the world’s biggest economy, the United States is not therichest country in the world per capita. The U.S. only ranks at the 10th place, leaving Qatar as the richest country on the planet with $130,475 GDP per capita compared to the U.S. with only $65,000.

Like most countries in the world, wealth is not equally distributed in the U.S. One of the main reasons why the United States is not the richest country in the world per capita is huge income gaps. There are massive disparities in minimum wages and those who are very wealthy.

The Federal Reserve is the "biggest financial influence" not just in the US, but in the world. The monetary policy is the monetary authority of a country that controls either the interest rate. It is managed by the Federal Reserve which is guided by