Doing Business in the United States
Published in October 2017
So many international companies and firms have business in the United States. With a market of more than 324 million people, AGN North America has excellent firms to help you and your clients do business here. While most of this market speaks English, 12% speak Spanish and 7% speak other languages.
Technology is a huge part of the economy and technological developments and applications are at the forefront of US companies. IT, pharmaceutical, medical, aerospace and military equipment companies are also important sectors in this vast and somewhat diverse country.
Growth in 2017 exceeded 3%, which is the highest in two years. The GDP per capita income is $59,609 and so is categorized by the World Bank as high income. The United States is the second largest exporting economy in the world, after China. Their top exports in 2017 include:
- Machinery / computers: US$190.5 billion (13.1% of total exports)
- Electrical machinery, equipment: $167.2 billion (11.5%)
- Aircraft, spacecraft: $134.6 billion (9.3%)
- Vehicles : $124.3 billion (8.5%)
- Mineral fuels including oil: $94.7 billion (6.5%)
- Optical, technical, medical apparatus: $82.0 billion (5.6%)
- Plastics, plastic articles: $58.4 billion (4.0%)
- Gems, precious metals: $57.8 billion (4.0%)
- Pharmaceuticals: $47.1 billion (3.2%)
- Organic chemicals: $33.9 billion (2.3%)
Companies and individuals make most business decisions, and the federal and state governments buy goods and contracts mainly in the private market.
Doing business in the US is easier than in most other countries. There is a lot of flexibility on the part of private companies to make decisions about expansion, new product development and employment. Nearly every sort of business already exists and startups are plentiful and common. Tax and other laws can be complex so it is best to seek the advice of a good accounting firm to help with tax incentives, taxation and regulation.
American companies also are amongst the largest sources of Foreign Direct Investment (FDI) abroad.
For the most up-to-date statistics, this portal incorporates various live data feeds from:
- The Organisation for Economic Cooperation and Development (OECD)
- The World Bank
- The observatory of Economic Complexity
Use the navigations buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.