Question:

Do people buying foreign cars in America hurt Americas economy?

Answer:

Yes, The production of automobiles is one of the largest industries in the United States. The automotive industry produces more than five percent of the gross domestic product, and accounts for one out of every seven jobs within the United States.

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America

Gross domestic product (GDP) is the market value of all officially recognized final goods and services produced within a country in a given period of time. GDP per capita is often considered an indicator of a country's standard of living.

GDP per capita is not a measure of personal income (See Standard of living and GDP). Under economic theory, GDP per capita exactly equals the gross domestic income (GDI) per capita (See Gross domestic income).

Americas

The United States of America (USA), commonly referred to as the United States (US), America, or simply the States, is a federal republic consisting of 50 states, 16 territories, a federal district, and various overseas extraterritorial jurisdictions. The 48 contiguous states and the federal district of Washington, D.C., are in central North America between Canada and Mexico. The state of Alaska is the northwestern part of North America and the state of Hawaii is an archipelago in the mid-Pacific. The country also has five populated and nine unpopulated territories in the Pacific and the Caribbean. At 3.79 million square miles (9.83 million km2) in total and with around 316 million people, the United States is the fourth-largest country by total area and third largest by population. It is one of the world's most ethnically diverse and multicultural nations, the product of large-scale immigration from many countries. The geography and climate of the United States is also extremely diverse, and it is home to a wide variety of wildlife.

Paleo-indians migrated from Asia to what is now the US mainland around 15,000 years ago, with European colonization beginning in the 16th century. The United States emerged from 13 British colonies located along the Atlantic seaboard. Disputes between Great Britain and these colonies led to the American Revolution. On July 4, 1776, delegates from the 13 colonies unanimously issued the Declaration of Independence. The ensuing war ended in 1783 with the recognition of independence of the United States from the Kingdom of Great Britain, and was the first successful war of independence against a European colonial empire. The current Constitution was adopted on September 17, 1787. The first 10 amendments, collectively named the Bill of Rights, were ratified in 1791 and guarantee many fundamental civil rights and freedoms.

This article provides an overview of the automotive industry in countries around the world.

The United States was the world's largest automobile producer by volume from the early years of the 20th century until the 1980s, when it was overtaken by Japan. In 2009, China became the world's largest vehicle producer.

$8.358 trillion (nominal by Expenditure approach: nd2; 2012)
$8.227 trillion (nominal by +-Production approach: nd2; 2012)

$6,071 (nominal: th87; 2012)

Automobile Transport

$5.964 trillion (2012 est.) (nominal; 3rd)

$46,736 (2012 est.) (nominal; 14th)

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