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United States — Market Overview

Americas>United States

🇺🇸 United States

The United States remains the anchor market for global risk appetite, with monetary policy, earnings breadth, and capital-market depth shaping how international investors set their baseline. This market is usually read through the interaction between the Fed, corporate earnings durability, and the concentration of global equity leadership in a small set of mega-cap franchises.

Mappa regionale

Dati chiave

United States in sintesi

Capital

Washington, D.C.

Currency

US Dollar ($)

Primary exchange

NYSE / Nasdaq

Central bank

Federal Reserve

Region

Americas

Time zone

America/New_York

Country dashboard

Perché questo mercato conta

This version combines a stylized country map with a switchable macro explorer built from official published history, using OECD primary datasets where available and World Bank annual series where coverage is otherwise incomplete.

Esploratore macro

Cambia variabile, mantieni il contesto del paese

GDP, inflation, labor, policy, industrial activity, government debt, the Buffett Indicator, and the U.S. Treasury dashboard now use official FRED plus World Bank history. The chart stays focused on the 2010-to-present window when enough observations exist, while the Buffett Indicator keeps its longer annual history and is extended beyond 2020 with a FRED public-equities-to-GDP build. Inflation and industrial output are derived from quarterly averages of monthly FRED series, unemployment and fed funds use quarterly averages, government debt stays annual, and EUR/USD uses daily observations when available.

Buffett Indicator

Annual U.S. stock market capitalization to GDP ratio from FRED, using the World Bank series through 2020 and a FRED public-equities-to-GDP extension from 2021 onward.

0.0%100.0%200.0%300.0%Black MondayDot-com bubbleTwin Towers attackSubprime crisisCOVID-19 shockInflation shock2025201019951980
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Variabili disponibili

Buffett Indicator

248.6%
Trend 1A+9.3%
Crescita media+4.9%

Cosa segnala

The Buffett Indicator is reported annually as stock-market capitalization divided by GDP, so each point shows how large the public equity market was relative to the size of the economy that year. It matters because it gives a fast valuation-style read on how richly or cheaply the total stock market is being capitalized relative to the underlying economy. Versus a year ago, the series is higher by 9.3%, which points to an improving or firmer backdrop on this measure. Across the displayed window, the broader trend is still upward.

Scambi e posizione esterna

Esportazioni, servizi e bilancia con l'estero

Invece di un generico muro di schede macro, questa sezione si concentra su come il paese attira domanda dall'estero, dove sta il suo vantaggio commerciale e come evolve la bilancia con l'estero.

Interscambio totale United States$6,9 Bln
Beni
Servizi
Beni
Servizi
Esportazioni$3,4 Bln
$3,4 BlnImportazioni
Bilancia con l'estero2025
Esportazioni +$3,4 Bln
Importazioni -$3,4 Bln
Saldo-$10,0 Mld
$3,4 Bln
Total exports

The full export figure, combining goods and services in one line. It is the cleanest way to read how much external demand United States is capturing across both physical products and higher-value intangible flows.

$2,2 Bln
Goods exports

This is the merchandise side of exports: industrial supplies, capital goods, autos, food, and other physical products. It matters because it reflects the health of manufacturing, energy, aerospace, and the broader global industrial cycle.

$1,2 Bln
Services exports

This is the intangible side: finance, travel, licensing, business services, and IP-linked flows. It matters because it shows where United States is strongest in higher-margin, knowledge-intensive, and branded service activities.

Composizione degli scambi

Cosa esporta il paese

Partner commerciali

Dove commercia il paese

Lente sulle commodity

Esposizione alle materie prime

Commodity-heavy exports43.3%

Industrial supplies plus foods, feeds, and beverages account for 43.3% of U.S. goods exports in 2025, showing how much the export base still leans on energy, chemicals, feedstocks, and agriculture.

Commodity-heavy imports26.8%

Industrial supplies plus foods, feeds, and beverages account for 26.8% of U.S. goods imports in 2025, which means the U.S. import basket is broader and less raw-material concentrated than the export basket.

Crude oil exports4.0M b/d

EIA said the United States exported 4.0 million barrels per day of crude oil in 2025, even after a 3% year-over-year decline from 2024.

Net crude imports2.2M b/d

EIA said net U.S. crude oil imports fell to 2.2 million barrels per day in 2025 from 2.5 million in 2024, showing continued external energy dependence but at a lower level.

NGPL exports3.1M b/d

EIA said natural gas plant liquids exports reached a record 3.1 million barrels per day in 2025, reinforcing the U.S. role as a major hydrocarbon and petrochemical feedstock exporter.

Cosa osservare

Chiave di lettura

01

Federal Reserve policy

United States should first be read through federal reserve policy. When this regime shifts, local multiples and sector leadership usually shift with it.

02

earnings concentration

This market is usually read through the interaction between the Fed, corporate earnings durability, and the concentration of global equity leadership in a small set of mega-cap franchises. That makes earnings concentration one of the most important signals for revising the country narrative.

03

labor-market resilience

The final layer is labor-market resilience, because it determines whether the macro backdrop turns into sustainable earnings support for the NASDAQ Composite.

Altri paesi

Continua attraverso Americas

Ogni scheda apre lo stesso modello di paese con la propria mappa, variabili macro selezionabili e vista benchmark. È la prima rete collegata di pagine paese nella regione.