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Country Report United States

  • ID: 2105473
  • Country Profile
  • August 2021
  • Region: United States
  • 29 Pages
  • The Economist Intelligence Unit
The US economy, the world's largest, is primarily driven by consumer spending, which makes up nearly 70% of real GDP. The US is less reliant on external demand than many major economies such as Germany and Japan, helping to shelter it from external shocks.

Political stability risks have eased under the administration of the president, Joe Biden, after a turbulent transition period in December-January. Yet, deep-seated tensions between Democrats and Republicans will continue to stoke political tensions in 2021-25.

The Biden administration's policy focus in 2021 will be on pushing a large-scale economic stimulus plan through Congress. Democrats' narrow majorities will require compromise, resulting in the passage of a slimmed-down infrastructure bill, most likely by October.
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Country Report United States

Briefing sheet
Political and economic outlook
Key changes since July 19th
The month ahead
Major risks to our forecast

Outlook for 2021-25: Political stability

Outlook for 2021-25: Election watch

Outlook for 2021-25: International relations

Outlook for 2021-25: Policy trends

Outlook for 2021-25: Fiscal policy

Outlook for 2021-25: Monetary policy

Outlook for 2021-25: International assumptions

Outlook for 2021-25: Economic growth

Outlook for 2021-25: Inflation

Outlook for 2021-25: Exchange rates

Outlook for 2021-25: External sector

Outlook for 2021-25: Forecast summary

Outlook for 2021-25: Quarterly forecasts

Data and charts: Annual data and forecast

Data and charts: Quarterly data

Data and charts: Monthly data

Data and charts: Annual trends charts

Data and charts: Quarterly trends charts

Data and charts: Monthly trends charts

Data and charts: Comparative economic indicators

Basic data
Land area
Population
Main urban centres (incl suburbs)
Climate
Weather in Washington, DC (altitude 22 metres)
Language
Measures
Currency
Time
Fiscal year
Holidays in 2021

Political structure
Official name
Form of state
Legal system
Federal legislature
Electoral system
National elections
Head of state
State legislatures
National government
Cabinet secretaries
Other offices with cabinet rank
Chairman of the Federal Reserve
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