With a GDP of USD 14 600 billion in 2011, the United States of America stands as the world’s largest national economy. The federal government and private industries both act as major buyers in the private market.
After three difficult years, the U.S. economy shows very positive signs of recovery and domestic consumption rose to a historic high level of 10 trillion dollars again. With a population of over 300 million and growing, U.S. large pool of consumers can be structured into very diverse demographic layers spread out over 50 states.
Besides these intrinsic economic assets, companies located in the U.S. benefit from numerous positive externalities such as:
- An economy exposed to cutting edge technology: America is generally considered at the forefront of technological advances – especially in the fields of computer science, medicine, aerospace and military
- An educated and highly skilled workforce: thanks to a top-tier educational system and elite universities, America’s labor force stands as a worldwide reference and attracts numerous businesses into the territory
- Current favorable regulatory environment to small and medium-sized businesses: The flexibility of the U.S. market is an attractive feature when facing product development, plant expansion or downsizing decisions
- An abundance of information available to companies: top-level market research, industry publications, statistics and studies are great tools to support your business strategy.