doc. ing. tomáš dudáš, phd.. us economy – basic data nominal gdp – 15,66 billion usd (2012...
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doc. Ing. Tomáš Dudáš, PhD.
US Economy – Basic DataNominal GDP – 15,66 billion USD (2012 est.)
GDP/c – 49 800 USD (2012 est.)
GDP by sectors – 1,2 %-19,1 %-79,7 %
Employment by sectors – 0,7 %-22,5 %-76,8 %
GDP growth in 2011 – 2,2 %
US Economy – mixed signalsPositive signals
U.S. existing home sales rise to 6-1/2 year high
Building permits – an indicator of future construction – hit their highest number in four years
Auto sales were strong until september
Manufacturing activity accelerated to its fastest pace in nearly two years
Third-quarter GDP growth was unexpectedly strong
Negative signalsGovernment spending
cutsRetail sales were up in
September, but only 0.4 %
The saving rate stegnated
Job growth is steady, but still slow
The Consumer Confidence Index decreased in September and October
Real GDP growth in the USA 2007-2013
GDP growth and inflation 2003-2013
Gini coefficient in the USA – 1970-2007
Development of main financial markets
USA – Foreign Trade DataOpenness – 24,6 % (foreign trade/GDP in 2012)
Export - Canada 18.9 %, Mexico 14 %, China 7.2 %, Japan 4.5 % (2012)
Import - China 19 %, Canada 14.1 %, Mexico 12 %, Japan 6.4 %, Germany 4.7 % (2012)
Largest trade deficits in 2012 – China 315.5 billion USD, Japan 76 billion USD, OPEC 99 billion USD, Mexico 61.6 billion USD
US-Chinese economic relationsOne of the most important bilateral relationships in
the global economyChina is the largest exporter in the world economy –
USA is the largest economy17 % of the Chinese export is going to the USA (2011)USA has the largest trade deficit with ChinaChina is the largest foreign holder of US treasuries –
1 268 billions of USD as of August 2013China has the largest currency reserves in the world –
3,3 trillion USD – mostly in USD (end of 2012)China and the USA are competitors for global
resources – ex. Africa
USA – home to major TNCsFortune Global 500 – 132 corporations from the US
2 corporations in top 106 corporations in top 2032 corporations in top 100
Strong position in oil sector – Exxon Mobil, Chevron, Conoco, Phillips66, Valero Energy
Industry leaders – Archer Daniels Midland (agriculture), Coca-Cola (beverages), Wal-Mart (retail), AT&T (telecom), Johnson & Johnson (pharmaceutical industry), Apple…
US TNCs – major source of global FDIUS outward FDI
2010 – 304 billion USD2011 – 396 billion USD
Most important countries and regionsEurope – 220 billion USD in 2011
(Netherlands, UK, Ireland, Switzerland)Latin America – 84 billion USDAsia – 76 billion USD ( China – 25 billion USD)
