Explanations
Why Does the USA Only Export 10% of Its GDP?
10th January 2025
Welcome to the Economics Mastery Series, brought to you by tutor2u! Why does the USA, one of the largest economies in the world, export only 10% of its GDP? We’ll dive deep into the unique factors shaping the U.S. economy, including its vast domestic market, natural resource abundance, and the pivotal role of the U.S. dollar. Plus, we’ll contrast the U.S. model with South Korea’s export-driven economy to highlight the key differences between these economic giants.
- Economics
- Blog
- Explanations
- Exports
- Export subsidies
- Export Subsidy
- Export multiplier
- Export-Driven Economy
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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