United States
A soft landing in 2024
Last update – January 2024
Country rating
LOW RISK FOR ENTERPRISE
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade.
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GDP | USD 25462.7bn (World ranking 1, World Bank 2022) |
Population | 333.3mn (World ranking 3, World Bank 2022) |
Form of state |
Federal Republic |
Head of state |
Joe BIDEN (President) |
Next elections |
November 2024, presidential and legislative |
Strengths & weaknesses
- World’s largest economy
- Effective governmental checks and balances
- High per capita GDP
- High data transparency
- Reserve currency
- Large oil and gas reserves
- Diverse GDP
- Strong underlying productivity growth
- Increasing political polarization and unpredictability of policymaking
- High public debt that will continue to rise absent major fiscal tightening
- Social disruption
- Increasing shortages of labor an obstacle to re-industrialization drive
Economic overview
Trade structure by destination/origin
(% of total, 2022)
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Exports | Rank | Imports | ||
Canada 17.2% | 1 | 17.1% China | ||
Mexico 15.7% | 2 | 13.6% Mexico | ||
China 7.5% | 3 | 12.2% Canada | ||
Japan 3.9% | 4 | 4.6% Japan | ||
United Kingdom 3.7% |
5 |
4.5% Germany |
Trade structure by product
(% of total, 2022)
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Exports | Rank | Imports |
Petroleum, petroleum products and related materials 12.8%
|
1 |
9.5% Road vehicles
|
Road vehicles 6.3%
|
2 | 8.7% Petroleum, petroleum products and related materials |
Electrical machinery, apparatus and appliances, n.e.s. 4.7%
|
3 | 7.2% Electrical machinery, apparatus and appliances, n.e.s. |
Telecommunication and sound recording apparatus 4.7%
|
4 | 6.8% Telecommunication and sound recording apparatus |
Gas, natural and manufactured 4.7% | 5 | 5.4% Office machines and automatic data processing machines |
Contact
Maxime Darmet
Allianz Trade
Allianz Trade