1. doc. Ing. Tomáš Dudáš, PhD.

2. US Economy – Basic Data Nominal GDP – 15,66 billion USD (2012 est.) GDP/c – 49 800 USD (2012 est.) GDP by sectors – 1,2 %-19,1 %-79,7 % Employment by sectors – 0,7 %-22,5 %-76,8 % GDP growth in 2011 – 2,2 %

4. US Economy – mixed signals Positive signals U.S. existing home sales rise to 6-1/2 year high Building permits – an indicator of future construction – hit their highest number in four years Auto sales were strong until september Manufacturing activity accelerated to its fastest pace in nearly two years Third-quarter GDP growth was unexpectedly strong Negative signals Government spending cuts Retail sales were up in September, but only 0.4 % The saving rate stegnated Job growth is steady, but still slow The Consumer Confidence Index decreased in September and October

5. Real GDP growth in the USA 2007-2013

6. GDP growth and inflation 2003-2013

8. Gini coefficient in the USA – 1970-2007

17. Development of main financial markets

18. 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 2012 – China 315.5 billion USD, Japan 76 billion USD, OPEC 99 billion USD, Mexico 61.6 billion USD

19. 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 17 % of the Chinese export is going to the USA (2011) USA has the largest trade deficit with China China is the largest foreign holder of US treasuries – 1 268 billions of USD as of August 2013 China has the largest currency reserves in the world – 3,3 trillion USD – mostly in USD (end of 2012) China and the USA are competitors for global resources – ex. Africa

20. USA – home to major TNCs Fortune Global 500 – 132 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…

21. US TNCs – major source of global FDI US outward FDI 2010 – 304 billion USD 2011 – 396 billion USD Most important countries and regions Europe – 220 billion USD in 2011 (Netherlands, UK, Ireland, Switzerland) Latin America – 84 billion USD Asia – 76 billion USD ( China – 25 billion USD)

22. Global Competitivness Index