Part 866

@United States:Government

Country name: conventional long form : United States of America conventional short form: United States abbreviation: US or USA

Data code: US

Government type: federal republic; strong democratic tradition

National capital: Washington, DC

Administrative divisions: 50 states and 1 district*; Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia*, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Dependent areas: American Samoa, Baker Island, Guam, Howland Island, Jarvis Island, Johnston Atoll, Kingman Reef, Midway Islands, Navassa Island, Northern Mariana Islands, Palmyra Atoll, Puerto Rico, Virgin Islands, Wake Island note: from 18 July 1947 until 1 October 1994, the US administered the Trust Territory of the Pacific Islands, but recently entered into a new political relationship with all four political units: the Northern Mariana Islands is a Commonwealth in political union with the US (effective 3 November 1986); Palau concluded a Compact of Free Association with the US (effective 1 October 1994); the Federated States of Micronesia signed a Compact of Free Association with the US (effective 3 November 1986); the Republic of the Marshall Islands signed a Compact of Free Association with the US (effective 21 October 1986)

Independence: 4 July 1776 (from England)

National holiday: Independence Day, 4 July (1776)

Constitution: 17 September 1787, effective 4 March 1789

Legal system: based on English common law; judicial review of legislative acts; accepts compulsory ICJ jurisdiction, with reservations

Suffrage: 18 years of age; universal

Executive branch: chief of state: President William Jefferson CLINTON (since 20 January 1993) and Vice President Albert GORE, Jr. (since 20 January 1993); note - the president is both the chief of state and head of government head of government: President William Jefferson CLINTON (since 20 January 1993) and Vice President Albert GORE, Jr. (since 20 January 1993); note - the president is both the chief of state and head of government cabinet: Cabinet appointed by the president with Senate approval elections: president and vice president elected on the same ticket by a college of representatives who are elected directly from each state; president and vice president serve four-year terms; election last held 5 November 1996 (next to be held 7 November 2000) election results: William Jefferson CLINTON elected president; percent of popular vote - William Jefferson CLINTON (Democratic Party) 49.2%, Bob DOLE (Republican Party) 40.7%, Ross PEROT (Reform Party) 8.4%, other 1.7%

Legislative branch: bicameral Congress consists of Senate (100 seats, one-third are renewed every two years; two members are elected from each state by popular vote to serve six-year terms) and House of Representatives (435 seats; members are directly elected by popular vote to serve two-year terms) elections: Senate - last held 5 November 1996 (next to be held 2 November 1998); House of Representatives - last held 5 November 1996 (next to be held 2 November 1998) election results : Senate - percent of vote by party - NA; seats by party - Republican Party 55, Democratic Party 45; House of Representatives - percent of vote by party - NA; seats by party - Republican Party 227, Democratic Party 205, independent 1, vacant 2

Judicial branch: Supreme Court, justices are appointed for life by the president with confirmation by the Senate

Political parties and leaders: Republican Party, Jim NICHOLSON, national committee chairman; Democratic Party, Steve GROSSMAN, national committee chairman; several other groups or parties of minor political significance

International organization participation: AfDB, AG (observer), ANZUS, APEC, AsDB, Australia Group, BIS, CCC, CE (observer), CP, EBRD, ECE, ECLAC, ESCAP, FAO, G- 2, G- 5, G- 7, G- 8, G-10, IADB, IAEA, IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, MINURSO, MTCR, NACC, NATO, NEA, NSG, OAS, OECD, OSCE, PCA, SPC, UN, UN Security Council, UNCTAD, UNHCR, UNIDO, UNIKOM, UNMIBH, UNMIH, UNOMIG, UNPREDEP, UNRWA, UNTAES, UNTSO, UNU, UPU, WCL, WHO, WIPO, WMO, WToO, WTrO, ZC

Flag description: thirteen equal horizontal stripes of red (top and bottom) alternating with white; there is a blue rectangle in the upper hoist-side corner bearing 50 small white five-pointed stars arranged in nine offset horizontal rows of six stars (top and bottom) alternating with rows of five stars; the 50 stars represent the 50 states, the 13 stripes represent the 13 original colonies; known as Old Glory; the design and colors have been the basis for a number of other flags including Chile, Liberia, Malaysia, and Puerto Rico

Economy

Economy - overview: The US has the most powerful, diverse, and technologically advanced economy in the world, with a per capita GDP of $28,600, the largest among major industrial nations. In this market-oriented economy, private individuals and business firms make most of the decisions, and government buys 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. In all economic sectors, US firms are at or near the forefront in technological advances, especially in computers, and 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 pay raises, health insurance coverage, and other benefits. The years 1994-96 witnessed moderate gains in real output, low inflation rates, and a drop in unemployment below 6%. Long-term problems include inadequate investment in economic infrastructure, rapidly rising medical costs of an aging population, sizable budget and trade deficits, and stagnation of family income in the lower economic groups. The outlook for 1997 is for continued moderate growth, low inflation, and about the same level of unemployment.

GDP: purchasing power parity - $7.61 trillion (1996 est.)

GDP - real growth rate: 2.4% (1996 est.)

GDP - per capita: purchasing power parity - $28,600 (1996 est.)

GDP - composition by sector: agriculture: 2% industry: 23% services: 75% (1996 est.)

Inflation rate - consumer price index: 3% (1996 est.)

Labor force: total: 133.943 million (includes unemployed) (1996) by occupation: managerial and professional 28.8%, technical, sales and administrative support 29.7%, services 13.6%, manufacturing, mining, transportation, and crafts 25.1%, farming, forestry, and fishing 2.8%

Unemployment rate: 5.4% (1996)

Budget: revenues: $1.351 trillion expenditures: $1.514 trillion, including capital expenditures of $NA (1995)