Mineral Commodity Summaries, 2005

Organization: 

Publication Year: 

2005

Abstract: 

The mineral sector is a fundamental part of the U.S. economy; it contributes to the real gross domestic product (GDP) at several levels—basic (mining), intermediate (processing), and manufacturing. The estimated average growth rate for the real GDP of the United States for 2004 was 3.9%. The nominal GDP was about $11.7 trillion, which reflects an estimated annualized 5.2% increase for the fourth quarter from the third quarter of 2004 and an annualized increase of about 6.2% compared with the fourth quarter of 2003.

Document Type: 

  • Report

Tags: 

  • critical issues, database publication, mineral resources, metal, critical minerals, industrial minerals, united states