1. Current state of the US Economy
doc. Ing. Tomáš Dudáš, PhD.

2. Quiz Global rank of the US economy according to GDP? GDP? GDP/c?
Unemployment?
Inflation?
Largest US corporation?
Chef of FED?
Basic FED interest rate?
Openness of the economy?
Largest export partner?

3. US Economy – Basic Data Nominal GDP – 16,72 billion USD (2013 est.)
GDP/c – USD (2013 est.)
GDP by sectors – 1,1 %-19,5 %-79,4 %
Employment by sectors – 0,7 %-22,5 %-76,8 %
GDP growth in 2013 – 1,6 %

5. Real GDP growth in the USA 2008-2014

6. GDP growth and inflation 2004-2014

8. Gini coefficient in the USA – 1910-2009

19. Development of main financial markets

20. USA – Foreign Trade Data
Openness – 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 2013 – China billion USD, Japan 73,4 billion USD, OPEC 68 billion USD, Mexico 5456 billion USD

21. US-Chinese economic relations
One of the most important bilateral relationships in the global economy
China is the largest exporter in the world economy – USA is the largest economy
16.7 % of the Chinese export is going to the USA (2012)
USA has the largest trade deficit with China
China is the largest foreign holder of US treasuries – billions of USD as of August 2014
China has the largest currency reserves in the world – 3,9 trillion USD – mostly in USD (summer 2014)
China and the USA are competitors for global resources – ex. Africa

22. USA – home to major TNCs
Fortune Global – 128 corporations from the US
2 corporations in top 10
6 corporations in top 20
32 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…

23. US TNCs – major source of global FDI
US outward FDI
2012 – 366 billion USD
2013 – 338 billion USD
Most important countries and regions
Europe – (Netherlands, UK, Ireland, Switzerland)
Latin America
Asia

24. Global Competitivness Index24