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    United States Economy - 1990
    https://theodora.com/wfb1990/united_states/united_states_economy.html
    SOURCE: 1990 CIA WORLD FACTBOOK

      Overview: The US has the most powerful and diversified economy in the world, with a per capita GNP of over $21,000, the largest among the major industrial nations. In 1989 the economy entered its eighth successive year of growth, the longest in peacetime history. The expansion has featured continued moderation in wage and consumer price increases, an unemployment rate of 5.2%, (the lowest in 10 years), and an inflation rate of 4.8%. On the negative side, the US enters the 1990s with massive budget and trade deficits, huge and rapidly rising medical costs, and inadequate investment in industrial capacity and economic infrastructure.

      GNP: $5,233.3 billion, per capita $21,082; real growth rate 2.9% (1989)

      Inflation rate (consumer prices): 4.8% (1989)

      Unemployment rate: 5.2% (1989)

      Budget: revenues $976 billion; expenditures $1,137 billion, including capital expenditures of NA (FY89 est.)

      Exports: $322.3 billion (f.o.b., 1988); commodities--capital goods, automobiles, industrial supplies and raw materials, consumer goods, agricultural products; partners--Canada 22.9%, Japan 11.8% (1988)

      Imports: $440.9 billion (c.i.f., 1988); commodities--crude and partly refined petroleum, machinery, automobiles, consumer goods, industrial raw materials, food and beverages; partners--Japan 19.6% , Canada 19.1% (1988)

      External debt: $532 billion (December 1988)

      Industrial production: growth rate 3.3% (1989)

      Electricity: 776,550,000 kW capacity; 2,958,300 million kWh produced, 11,920 kWh per capita (1989)

      Industries: leading industrial power in the world, highly diversified; petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, fishing, lumber, mining

      Agriculture: accounts for 2% of GNP and 2.8% of labor force; favorable climate and soils support a wide variety of crops and livestock production; world's second-largest producer and number-one exporter of grain; surplus food producer; fish catch of 5.7 million metric tons (1987)

      Illicit drugs: illicit producer of cannabis for domestic consumption with 1987 production estimated at 3,500 metric tons or about 25% of the available marijuana; ongoing eradication program aimed at small plots and greenhouses has not reduced production

      Aid: donor--commitments, including Ex-Im (FY80-88), $90.5 billion

      Currency: United States dollar (plural--dollars); 1 United States dollar (US$) = 100 cents

      Exchange rates: British pounds (L) per US$--0.6055 (January 1990), 0.6099 (1989), 0.5614 (1988), 0.6102 (1987), 0.6817 (1986), 0.7714 (1985); Canadian dollars (Can$) per US$--1.1885 (February 1990), 1.2307 (1988), 1.3260 (1987), 1.3895 (1986); French francs (F) per US$--5.695 (February 1990), 5.9569 (1988), 6.0107 (1987), 6.9261 (1986), 8.9852 (1985); Italian lire (Lit) per US$--1,244.8 (February 1990), 1,301.6 (1988), 1,296.1 (1987), 1,490.8 (1986), 1,909.4 (1985); Japanese yen (Y) per US$--145.55 (February 1990), 128.15 (1988), 144.64 (1987), 168.52 (1986), 238.54 (1985); FRG deutsche marks (DM) per US$--1.6775 (February 1990), 1.7562 (1988), 1.7974 (1987), 2.1715 (1986), 2.9440 (1985)

      Fiscal year: 1 October-30 September

      NOTE: The information regarding United States on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of United States Economy 1990 information contained here. All suggestions for corrections of any errors about United States Economy 1990 should be addressed to the CIA.

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    https://theodora.com/wfb1990/united_states/united_states_economy.html

    Revised 07-Feb-03
    Copyright © 2003 Photius Coutsoukis (all rights reserved)


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