Sunday, June 4, 2023

Why choose USA as a destination to expand your business

In 2021, foreign direct investment (FDI) is set to exceed $1.65 trillion, with only the United States receiving US$400,000 million, nearly 30% of the total, details a series of investigations conducted by ResearchFDI. With that figure, the North American country became the third highest recipient of foreign direct investment in the last decade.

“By 2023, $5 trillion has been invested in the US, a substantial amount, and one that has contributed to the diversity and sustained performance of the US economy,” he mentions.

According to the letter, the influence of foreign companies on the country’s economic activity creates more than seven million jobs, invests US$71.4 billion, and exports US$346 billion in goods from US shores. The states with the largest number of jobs supported by FDI are California, Texas, Florida, New York, Pennsylvania, Massachusetts, Michigan, Indiana, New Jersey, Ohio, Illinois, Georgia, North Carolina and Tennessee.

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Top Countries for Foreign Direct Investment Flows

The US is currently the world’s largest economy with a gross domestic product (GDP) of over $21 trillion, far ahead of second-ranked China ($13.4 trillion). The country also has the highest per capita income, placing it in a privileged position when it comes to finance.

“The country is a world leader in market research, product innovation, manufacturing, and branding and marketing of consumer goods, offering a highly skilled and productive workforce. Its attractive open market is a powerful growth engine for companies of all sizes.

In addition there is a consumer market and a world-renowned business ecosystem, which is why it is an incubator for successful companies ranging from financial services to key technology industries. The ease of starting a business also ensures some stability and security for those who want to start a business.

Which regions offer more business opportunities in the United States?

The investigative mini-series noted that one of the advantages of the North American country is that it does not focus on just one business sector, but stands out for being a multi-sector economy that fosters an environment of opportunities. Gives and is conducive to the expansion of companies.

The top five sectors that attracted foreign companies for FDI in 2021 were:

  • Manufacturing: $2.1 trillion
  • Finance and Insurance: US$621 billion
  • Wholesale trade: US$ 483 billion
  • Information: US$281 billion
  • Professional, scientific and technical services: US$222 billion
  • For its part, the manufacturing sector is most prominent in the US, with figures ranging from US$821 billion (pharmaceutical products and drugs) to US$119 billion in the medical supplies and equipment sector. Electronic products, transport and equipment are also part of this excellent sector in the country.

    “When examining the nature of investments entering the US, it becomes clear that it is the culmination of a number of factors that allow the country to attract manufacturing jobs in the face of intense global competition,” he concluded.

    World Nation News Desk
    World Nation News Desk
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