Financial intermediation, real estate and business activities contributed 33.2% to the gross value added (GVA) in 2023, followed by wholesale, retail and hotels activities (15.3%), mining, manufacturing and utilities (14.6%). In nominal terms, the three sectors are expected to grow by 3.3%, 3.8% and 3.6%, respectively, in 2024.
New York, Texas, California and Illinois contributed 35.4% to the US GDP in Q3 2023
The S&P 500 index has been on an upward trend. As of January 3, 2024, the index stood at 4,769.8, compared to 3,824.1 on January 3, 2023. In 2023, the S&P 500 saw a 24% surge fueled by favorable conditions, including a Big Tech boom driven by artificial intelligence, decreasing inflation, and economic growth. Despite this, historical data indicating consecutive 20%+ gains are uncommon. The publisher foresees additional growth in 2024, banking on expected rate cuts by the Federal Reserve. S&P 500 companies could attain similar sales growth, enhancing profit margins amidst declining inflation.Scope
- In January 2024, the Infrastructure bill allocated funds to 20 Federal Transit Administration programs, with the majority distributed through formula grants to states. Over $6.6 billion annually from 2024-26 will support various transportation projects.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- List of Exhibits
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
Exhibit 1: US’s performance in terms of its country risk analysis in comparison to North America and world average
Exhibit 2: Performance overview (Score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: SPX index, (January 2023 - January 2024)
Exhibit 5: Key sectors contribution to the economy (2019-26f)
Exhibit 6: Net international investment position (Q1 2022-Q3 2023) and direct investment position by industry (2021-22)
Exhibit 7: Foreign direct investment position by country (2021-22) and share by region (2022)
Exhibit 8: Key infrastructure indicators (2020)
Exhibit 9: Real GDP and household consumption growth rate (2019-26f)
Exhibit 10: Real GDP growth rate comparison (2023e)
Exhibit 11: Volume of exports and imports growth (2019-26f)
Exhibit 12: Current account balance (2019-26f)
Exhibit 13: Top three commodity exports, % of total exports (2018-22)
Exhibit 14: Mineral fuels, mineral oils and products of their distillation exports, % of world total (2022)
Exhibit 15: Interest rates (January 2019 - January 2024)
Exhibit 16: Exchange rate and inflation (2019-26f)
Exhibit 17: Public finance (2019-26f)
Exhibit 18: General government debt (2019-26f)
Exhibit 19: Unemployment rate (2019-26f)
Exhibit 20: Average annual wages (2019-26f)
Exhibit 21: Labor cost index (2019-26f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2023e)
Exhibit 26: Number of patents granted per million population (2022)
Exhibit 27: High technology exports, % of manufactured exports (2022)
Exhibit 28: Rule of law index (rankings) 2023
Exhibit 29: Corruption perceptions index (rankings) (2023)
Exhibit 30: Renewable energy, installed capacity (2019-23e)
Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Intel
- VISA
- HP
- Pepsico
