UNITED STATES

An uncertain pace of recovery

AA1

LOW RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

Swipe to view more

GDP USD20544.343bn (World ranking 1, World Bank 2018)
Population 328.24mn (World ranking 3, World Bank 2019)
Form of state Federal Republic
Head of government Donald Trump (Republican)
Next elections 2020, presidential, congressional, gubernatorial
  • World’s largest economy
  • Effective governmental checks and balances
  • High per capita GDP
  • High data transparency
  • Reserve currency
  • Large oil and gas reserves
  • Diverse GDP
  • Low interest rates and inflation
  • Political polarization, social unrest
  • High corporate debt
  • High public debt, persistent budget deficits
  • Rising amount of and defaults on consumer debt
  • Trade conflicts
  • Uncertain recovery

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Canada 17%
1
21% China
Mexico 14%
2
14% Mexico
China 9%
3
13% Canada
Japan 5%
4
6% Japan
Germany 4%
5
6% Germany

Trade structure by product

(% of total)

Exports Rank Imports
Road vehicles 8%
1
13% Road vehicles
Electrical machinery, apparatus and appliances, n.e.s. 8%
2
8% Electrical machinery, apparatus and appliances, n.e.s.
Petroleum, petroleum products and related materials 5%
3
7% Telecommunication and sound recording apparatus
Miscellaneous manufactured articles, n.e.s. 5%
4
7% Petroleum, petroleum products and related materials
Other industrial machinery and parts 5%
5
5% Miscellaneous manufactured articles, n.e.s.
The payment culture of domestic companies is becoming increasingly uncertain and, in the absence of a harmonized framework on late payments, payment terms remain a mere contractual issue.

  • Low

  • Medium

  • Sensitive

  • High

  • Payments

  • Court proceedings

  • Insolvency proceedings

  • Payments

  • Court proceedings

  • Insolvency proceedings

The court system is complicated by a county, state and federal structure in which protection mechanisms are not recognized and where no simplified proceedings are available to settle the simplest files. As a result, significant delays and costs must be expected while enforcement may be difficult.

When the debtor becomes insolvent, collecting debt becomes a complex task. The bankruptcy system remains pro debtor and making a company insolvent is not a significant way to obtain payment. In practice, bankruptcy reorganization is resource-draining and rarely results in general unsecured creditors receiving any dividend.

Euler Hermes

Economic Research Team

research@eulerhermes.com

Dan North

Senior Economist for North America

dan.north@eulerhermes.com

VIEW OUR SOLUTION