A soft landing in 2024

AA1

LOW RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • 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
Strenghts
  • 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
  • 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

Trade structure by destination/origin

(% of total, 2022)

Exports Rank Imports
Canada 17.2%
1
17.1% China
Mexico 15.7%
2
13.6% Mexico
China 7.5%
3
13.2% Canada
Japan 3.9%
4
4.6% Japan
United Kingdom 3.7%
5
4.5% Germany

Trade structure by product

(% of total, 2022)

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
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.
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