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Compare key data on United States & Wake Island

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Definitions

  • Economy > Economy > Overview: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
  • Environment > Current issues: This entry lists the most pressing and important environmental problems. The following terms and abbreviations are used throughout the entry:
  • Geography > Area > Comparative: The area of various small countries expressed in comparison to various areas within the United States of America.
  • Geography > Area > Land: Total land area in square kilometres
  • Geography > Area > Total: Total area in square kilometers
  • Geography > Area > Water: Total water area in square kilometers
  • Geography > Climate: A brief description of typical weather regimes throughout the year.
  • Geography > Coastline: The total length of the boundary between the land area (including islands) and the sea.
  • Geography > Geographic coordinates: This entry includes rounded latitude and longitude figures for the purpose of finding the approximate geographic center of an entity and is based on the Gazetteer of Conventional Names, Third Edition, August 1988, US Board on Geographic Names and on other sources.
  • Geography > Location: The country's regional location, neighboring countries, and adjacent bodies of water.
  • Geography > Natural resources: A country's mineral, petroleum, hydropower, and other resources of commercial importance.
  • Geography > Terrain: A brief description of the topography
  • Government > Legal system: A brief description of the legal system's historical roots, role in government, and acceptance of International Court of Justice (ICJ) jurisdiction.
  • People > Population: Population, total refers to the total population.
  • Transport > Airports: Total number of airports. Runways must be useable, but may be unpaved. May not have facilities for refuelling, maintenance, or air traffic control.
  • Geography > Area > Comparative to US places: This entry provides an area comparison based on total area equivalents. Most entities are compared with the entire US or one of the 50 states based on area measurements (1990 revised) provided by the US Bureau of the Census. The smaller entities are compared with Washington, DC (178 sq km, 69 sq mi) or The Mall in Washington, DC (0.59 sq km, 0.23 sq mi, 146 acres).
  • Geography > Elevation extremes > Highest point: Highest point above sea level
  • Government > Country name > Conventional long form: This entry is derived from Government > Country name, which includes all forms of the country's name approved by the US Board on Geographic Names (Italy is used as an example): conventional long form (Italian Republic), conventional short form (Italy), local long form (Repubblica Italiana), local short form (Italia), former (Kingdom of Italy), as well as the abbreviation. Also see the Terminology note.
  • Geography > Land use > Arable land: The percentage of used land that is arable. Arable land is land cultivated for crops that are replanted after each harvest like wheat, maize, and rice
  • Media > Radio broadcast stations: The total number of AM, FM, and shortwave broadcast stations.
  • Geography > Irrigated land: The number of square kilometers of land area that is artificially supplied with water.
  • Geography > Natural hazards: Potential natural disasters.
  • Government > Flag description: A written flag description produced from actual flags or the best information available at the time the entry was written. The flags of independent states are used by their dependencies unless there is an officially recognized local flag. Some disputed and other areas do not have flags.
  • Geography > Maritime claims > Territorial sea: territorial sea - the sovereignty of a coastal State extends beyond its land territory and internal waters to an adjacent belt of sea, described as the territorial sea in the LOS Convention (Part II); this sovereignty extends to the air space over the territorial sea as well as its underlying seabed and subsoil; every State has the right to establish the breadth of its territorial sea up to a limit not exceeding 12 nautical miles. A full and definitive definition can be found in the Law of the Sea (LOS) Convention.
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STAT United States Wake Island HISTORY
Economy > Economy > Overview The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $49,800. 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 greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products. At the same time, they face higher barriers to enter their rivals' home markets than foreign firms face entering US markets. US firms are at or near the forefront in technological advances, especially in computers and in medical, aerospace, and military equipment; 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. Since 1996, dividends and capital gains have grown faster than wages or any other category of after-tax income. Imported oil accounts for nearly 55% of US consumption. Crude oil prices doubled between 2001 and 2006, the year home prices peaked; higher gasoline prices ate into consumers' budgets and many individuals fell behind in their mortgage payments. Oil prices climbed another 50% between 2006 and 2008, and bank foreclosures more than doubled in the same period. Besides dampening the housing market, soaring oil prices caused a drop in the value of the dollar and a deterioration in the US merchandise trade deficit, which peaked at $840 billion in 2008. The sub-prime mortgage crisis, falling home prices, investment bank failures, tight credit, and the global economic downturn pushed the United States into a recession by mid-2008. GDP contracted until the third quarter of 2009, making this the deepest and longest downturn since the Great Depression. To help stabilize financial markets, in October 2008 the US Congress established a $700 billion Troubled Asset Relief Program (TARP). The government used some of these funds to purchase equity in US banks and industrial corporations, much of which had been returned to the government by early 2011. In January 2009 the US Congress passed and President Barack OBAMA signed a bill providing an additional $787 billion fiscal stimulus to be used over 10 years - two-thirds on additional spending and one-third on tax cuts - to create jobs and to help the economy recover. In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP. In 2012 the federal government reduced the growth of spending and the deficit shrank to 7.6% of GDP. Wars in Iraq and Afghanistan required major shifts in national resources from civilian to military purposes and contributed to the growth of the budget deficit and public debt. Through 2011, the direct costs of the wars totaled nearly $900 billion, according to US government figures. US revenues from taxes and other sources are lower, as a percentage of GDP, than those of most other countries. In March 2010, President OBAMA signed into law the Patient Protection and Affordable Care Act, a health insurance reform that was designed to extend coverage to an additional 32 million American citizens by 2016, through private health insurance for the general population and Medicaid for the impoverished. Total spending on health care - public plus private - rose from 9.0% of GDP in 1980 to 17.9% in 2010. In July 2010, the president signed the DODD-FRANK Wall Street Reform and Consumer Protection Act, a law designed to promote financial stability by protecting consumers from financial abuses, ending taxpayer bailouts of financial firms, dealing with troubled banks that are "too big to fail," and improving accountability and transparency in the financial system - in particular, by requiring certain financial derivatives to be traded in markets that are subject to government regulation and oversight. In December 2012, the Federal Reserve Board announced plans to purchase $85 billion per month of mortgage-backed and Treasury securities in an effort to hold down long-term interest rates, and to keep short term rates near zero until unemployment drops to 6.5% from the December rate of 7.8%, or until inflation rises above 2.5%. Long-term problems include stagnation of wages for lower-income families, inadequate investment in deteriorating infrastructure, rapidly rising medical and pension costs of an aging population, energy shortages, and sizable current account and budget deficits - including significant budget shortages for state governments. Economic activity is limited to providing services to military personnel and contractors located on the island. All food and manufactured goods must be imported.
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; limited natural fresh water resources in much of the western part of the country require careful management; desertification NA
Geography > 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; more than twice the size of the European Union about 11 times the size of The Mall in Washington, DC
Geography > Area > Land 9.16 million sq km
Ranked 4th. 1409527 times more than Wake Island 		6.5 sq km
Ranked 230th.
Geography > Area > Total 9.83 million sq km
Ranked 4th. 1511796 times more than Wake Island 		6.5 sq km
Ranked 241st.
Geography > Area > Water 664,709 sq km
Ranked 3rd. 		0.0
Ranked 224th.
Geography > 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 tropical
Geography > Coastline 19,924 km
Ranked 9th. 1032 times more than Wake Island 		19.3 km
Ranked 193th.
Geography > Geographic coordinates 38 00 N, 97 00 W 19 17 N, 166 39 E
Geography > Location North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico Oceania, atoll in the North Pacific Ocean, about two-thirds of the way from Hawaii to the Northern Mariana Islands
Geography > Natural resources coal, copper, lead, molybdenum, phosphates, rare earth elements, uranium, bauxite, gold, iron, mercury, nickel, potash, silver, tungsten, zinc, petroleum, natural gas, timber none
Geography > 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 atoll of three low coral islands, Peale, Wake, and Wilkes, built up on an underwater volcano; central lagoon is former crater, islands are part of the rim
Government > Legal system common law system based on English common law at the federal level; state legal systems based on common law except Louisiana, which is based on Napoleonic civil code; judicial review of legislative acts US common law
Media > Broadcast media 4 m American Armed Forces Radio and Television Service (AFRTS) provides satellite radio/television broadcasts
People > Population 316.67 million
Ranked 3rd. 		0.0
Ranked 249th.
Transport > Airports 13,513
Ranked 1st. 13513 times more than Wake Island 		1
Ranked 229th.
Geography > Area > Comparative to US places 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; more than twice the size of the European Union about 11 times the size of The Mall in Washington, DC
Geography > Elevation extremes > Highest point Mount McKinley (Denali) 6,194 m (highest point in North America) unnamed location 6 m
Government > Country name > Conventional long form United States of America none
Geography > Land use > Arable land 16.29%
Ranked 65th. 		0.0
Ranked 238th.
Media > Radio broadcast stations AM 4,789, FM 8,961, shortwave 19 AM 0, FM 0, shortwave 0 (Armed Forces Radio/Television Service (AFRTS) radio service provided by satellite
Geography > Irrigated land 230,000 sq km
Ranked 3rd. 		0.0
Ranked 32nd.
Geography > Natural hazards tsunamis; volcanoes; 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 occasional typhoons
Government > Flag description 13 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; the blue stands for loyalty, devotion, truth, justice, and friendship; red symbolizes courage, zeal, and fervency, while white denotes purity and rectitude of conduct; commonly referred to by its nickname of Old Glory the flag of the US is used
Geography > Maritime claims > Territorial sea 12 nautical mile
Ranked 61st. The same as Wake Island 		12 nautical mile
Ranked 151st.

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; All CIA World Factbooks 18 December 2003 to 18 December 2008; World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; CIA World Factbooks 2010, 2011, 2012, 2013

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