UNITED States

Context
The United States of America is a highly developed
country located in North America. It is the world's
largest economy and a major contributor to global
trade and finance. The economy of the United States is
diverse, with advanced industries, technological
advancements through companies like Tesla, Microsoft,
and Apple, and a developed infrastructure in cities like New York. Through increased
government spending, it has recovered from the COVID-19 pandemic when considering
economic growth. However, when it comes to inflation, the United States saw a large increase,
mainly due to supply chain disruptions caused by Ukraine War sanctions and increased
consumption in the economy.

Statistics
Key Data Background Information
GDP- $23.32trl Population- 331,893,745
GDP per capita- 70,248.6 Population Growth- 0.1%
Annual GDP growth- 5.9% Currency- US Dollar
Inflation- 8% Corruption Rate- 74 score
Unemployment Rate- 3.6% Poverty- 37.9mil
Gov. Debt- 120.4% Life Expectancy- 76
Investment- 20.7% Net Migration- 998,540
Gross National Savings- 17.8% CO2 emissions- 14.7MT per capita
HDI Ranking- 21st
Aid- $51bln
Policy Interest rate- 5.25%
External Debt- 96.4% of GDP

Economic Background
Manufacturing: It is essential to the US' economic growth. Automotive, aerospace, machinery,
chemicals, and electronics are all key sectors.
Services: The services sector accounts for roughly 80% of the economy in the US, and includes
industries such as finance, healthcare, technology, retail, and tourism.
Innovation and Technology: The US uses innovation and technological advancement as a driver of
economic growth. It encourages entrepreneurship through research and development, as proven
by companies such as Tesla and Apple.
International Trade: The US is a major player in international trade, with key exports such as
machinery, vehicles, pharmaceuticals, electronics, and petroleum. They trade with a wide range of
countries, including Canada, Mexico, China, Japan, and Germany.
Agriculture Sector: The US is a major global player in agriculture, producing and exporting crops
such as corn, soybeans, wheat, and cotton, as well as a thriving livestock industry too.
Challenges: The US faces a number of issues, including income inequality, ageing infrastructure,
rising healthcare costs, and trying to solve the climate change problem. Furthermore, geopolitical
conflicts may have an impact on the United States, such as the Russia Ukraine war and the China
and Taiwan conflict.