A soft landing in 2024
AA1
LOW RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Updated in January 2024.
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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 government | Joe BIDEN (President) |
Next elections | 2024, presidential and legislative |
Strengths & Weaknesses
![Strenghts](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/United-States/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1720687529774/plus.png)
- 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
![Weaknesses](/content/onemarketing/aztrade/allianz-trade_com/en_global/economic-research/country-reports/United-States/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1720687542983/minus.png)
- 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)
Exports | Rank | Imports |
---|---|---|
Canada
17.2%
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1 |
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Mexico
15.7%
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2 |
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China
7.5%
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3 |
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Japan
3.9%
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4 |
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United Kingdom
3.7%
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5 |
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Trade structure by product
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Petroleum, petroleum products and related materials
12.8%
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1 |
9.5%
Road vehicles
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Road vehicles
6.3%
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2 |
8.7%
Petroleum, petroleum products and related materials
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Electrical machinery, apparatus and appliances, n.e.s.
4.7%
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3 |
7.2%
Electrical machinery, apparatus and appliances, n.e.s.
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Telecommunication and sound recording apparatus
4.7%
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4 |
6.8%
Telecommunication and sound recording apparatus
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Gas, natural and manufactured
4.7%
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5 |
5.4%
Office machines and automatic data processing machines
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Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
Contacts
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