Country name conventional long form: United States of America conventional short form: United States abbreviation: US or USA Background Britain"s American colonies broke with the mother country in 1776 and were recognized as the new nation of the United States of America following the Treaty of Paris in 1783. During the 19th and 20th centuries, 37 new states were added to the original 13 as the nation expanded across the North American continent and acquired a number of overseas possessions. The two most traumatic experiences in the nation"s history were the Civil War (1861-65) and the Great Depression of the 1930s. Buoyed by victories in World Wars I and II and the end of the Cold War in 1991, the US remains the world"s most powerful nation-state. The economy is marked by steady growth, low unemployment and inflation, and rapid advances in technology.Location North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico Area total: 9,629,091 sq km land: 9,158,960 sq km water: 470,131 sq km note: includes only the 50 states and District of Columbia Area - comparative about half the size of Russia; about three-tenths the size of Africa; about half the size of South America (or slightly larger than Brazil); slightly larger than China; about two and a half times the size of Western Europe Coastline 19,924 km Climate mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semiarid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest; low winter temperatures in the northwest are ameliorated occasionally in January and February by warm chinook winds from the eastern slopes of the Rocky Mountains Terrain vast central plain, mountains in west, hills and low mountains in east; rugged mountains and broad river valleys in Alaska; rugged, volcanic topography in Hawaii Elevation extremes lowest point: Death Valley -86 m highest point: Mount McKinley 6,194 m Natural hazards tsunamis, volcanoes, and earthquake activity around Pacific Basin; hurricanes along the Atlantic and Gulf of Mexico coasts; tornadoes in the midwest and southeast; mud slides in California; forest fires in the west; flooding; permafrost in northern Alaska, a major impediment to development Environment - current issues air pollution resulting in acid rain in both the US and Canada; the US is the largest single emitter of carbon dioxide from the burning of fossil fuels; water pollution from runoff of pesticides and fertilizers; very limited natural fresh water resources in much of the western part of the country require careful management; desertification Geography - note world"s third-largest country by size (after Russia and Canada) and by population (after China and India); Mt. McKinley is highest point in North America and Death Valley the lowest point on the continent Population 290,342,554 (July 2003 est.) Age structure 0-14 years: 20.9% (male 31,098,473; female 29,675,712) 15-64 years: 66.7% (male 96,628,469; female 97,061,559) 65 years and over: 12.4% (male 14,888,185; female 20,990,156) (2003 est.) Median age total: 35.8 years male: 34.5 years female: 37.1 years (2002) Sex ratio at birth: 1.05 male(s)/female under 15 years: 1.05 male(s)/female 15-64 years: 1 male(s)/female 65 years and over: 0.71 male(s)/female total population: 0.97 male(s)/female (2003 est.) Nationality noun: American(s) adjective: American Ethnic groups white 77.1%, black 12.9%, Asian 4.2%, Amerindian and Alaska native 1.5%, native Hawaiian and other Pacific islander 0.3%, other 4% (2000) note: a separate listing for Hispanic is not included because the US Census Bureau considers Hispanic to mean a person of Latin American descent (including persons of Cuban, Mexican, or Puerto Rican origin) living in the US who may be of any race or ethnic group (white, black, Asian, etc.) Religions Protestant 56%, Roman Catholic 28%, Jewish 2%, other 4%, none 10% (1989) Languages English, Spanish (spoken by a sizable minority) Internet country code .us Literacy definition: age 15 and over can read and write female: 97% (1979 est.) total population: 97% male: 97% Government type Constitution-based federal republic; strong democratic tradition National holiday Independence Day, 4 July (1776) Legal system based on English common law; judicial review of legislative acts; accepts compulsory ICJ jurisdiction, with reservations International organization participation AfDB, ANZUS, APEC, ARF (dialogue partner), AsDB, ASEAN (dialogue partner), Australia Group, BIS, CE (observer), CERN (observer), CP, EAPC, EBRD, ECE, ECLAC, ESCAP, FAO, G-5, G-7, G- 8, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICCt (signatory), ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IOM, ISO, ITU, MINURSO, MIPONUH, NAM (guest), NATO, NEA, NSG, OAS, OECD, OPCW, OSCE, PCA, SPC, UN, UN Security Council, UNCTAD, UNHCR, UNIKOM, UNITAR, UNMEE, UNMIBH, UNMIK, UNMISET, UNMOVIC, UNOMIG, UNRWA, UNTSO, UNU, UPU, WCL, WCO, WHO, WIPO, WMO, WTrO, ZC Economy - overview The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $37,600. In this market-oriented economy, private individuals and business firms make most of the decisions, and the federal and state governments buy needed goods and services predominantly in the private marketplace. US business firms enjoy considerably greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, lay off surplus workers, and develop new products. At the same time, they face higher barriers to entry in their rivals" home markets than the barriers to entry of foreign firms in US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment, although their advantage has narrowed since the end of World War II. The onrush of technology largely explains the gradual development of a "two-tier labor market" in which those at the bottom lack the education and the professional/technical skills of those at the top and, more and more, fail to get comparable pay raises, health insurance coverage, and other benefits. Since 1975, practically all the gains in household income have gone to the top 20% of households. The years 1994-2000 witnessed solid increases in real output, low inflation rates, and a drop in unemployment to below 5%. The year 2001 saw the end of boom psychology and performance, with output increasing only 0.3% and unemployment and business failures rising substantially. The response to the terrorist attacks of 11 September 2001 showed the remarkable resilience of the economy. Moderate recovery took place in 2002, with the GDP growth rate rising to 2.45%. A major short-term problem in first half 2002 was a sharp decline in the stock market, fueled in part by the exposure of dubious accounting practices in some major corporations. The war in March/April 2003 between a US-led coalition and Iraq shifted resources to military industries and introduced uncertainties about investment and employment in other sectors of the economy. Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical and pension costs of an aging population, sizable trade deficits, and stagnation of family income in the lower economic groups. Exports - partners Canada 23.2%, Mexico 14.1%, Japan 7.4%, UK 4.8% (2002) Currency US dollar (USD) Currency code USD Exchange rates British pounds per US dollar - 0.6661 (2002), 0.6944 (2001), 0.6596 (2000), 0.6180 (1999), 0.6037 (1998), Canadian dollars per US dollar - 1.5693 (2002), 1.5488 (2001), 1.4851 (2000), 1.4857 (1999), 1.4835 (1998), Japanese yen per US dollar - 125.39 (2002), 121.53 (2001), 107.77 (2000), 113.91 (1999), 130.91 (1998), euros per US dollar - 1.0626 (2002), 1.1175 (2001), 1.08540 (2000), 0.93863 (1999) note: financial institutions in France, Italy, and Germany and eight other European countries started using the euro on 1 January 1999 with the euro replacing the local currency in consenting countries for all transactions in 2002 Airports 14,801 (2002) Airports - with paved runways total: 5,131 over 3,047 m: 185 2,438 to 3,047 m: 222 914 to 1,523 m: 2,390 under 914 m: 969 (2002) 1,524 to 2,437 m: 1,365 Airports - with unpaved runways total: 9,670 under 914 m: 7,802 (2002) over 3,047 m: 1 2,438 to 3,047 m: 7 914 to 1,523 m: 1,702 1,524 to 2,437 m: 158 Disputes - international prolonged drought in the Mexico border region has strained water-sharing arrangements; 1990 Maritime Boundary Agreement in the Bering Sea awaits Russian Duma ratification; maritime boundary disputes with Canada at Dixon Entrance, Beaufort Sea, Strait of Juan de Fuca, and around the disputed Machias Seal Island and North Rock; The Bahamas have not been able to agree on a maritime boundary; US Naval Base at Guantanamo Bay is leased from Cuba and only mutual agreement or US abandonment of the area can terminate the lease; Haiti claims Navassa Island; US has made no territorial claim in Antarctica (but has reserved the right to do so) and does not recognize the claims of any other state; Marshall Islands claims Wake Island |