Loading page…
The United States remains the anchor market for global risk appetite, with monetary policy, profits breadth, and capital-market depth shaping how international investors set their baseline. This market is usually read through the interaction between the Fed, corporate profits durability, and the concentration of global equity leadership in a small set of mega-cap franchises.
Regional map
Start here
You do not need a finance background. Start with the essentials, then go deeper only where useful.
Use the key figures to see the country’s size, currency and current economic backdrop.
Pick one variable at a time and see how it has changed over time.
The final cards explain the few forces that can move companies and the local market.
Key facts
Capital
Currency
Primary exchange
Central bank
Region
Time zone
Country dashboard
The deepest public market in the world, with unmatched liquidity and disclosure density.
Macro explorer
Click an indicator to open a focused read instead of scanning every card at once.
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.
Available variables
Trade and external position
The latest available data show exports of $3.4T and imports of $4.3T, leaving an external balance of −$901.5B. Services account for 35.9% of total exports.
This is the broadest external-demand figure for the country because it combines merchandise trade with services such as travel, IP, finance, and business services. It matters because export growth helps cushion domestic slowdowns and shows how much of the U.S. economy is still pulling demand from abroad. In 2025, total exports rose by $199.8 billion from 2024, so the external sector was still expanding rather than stalling.
This is the merchandise side of the export machine, covering capital goods, industrial supplies, energy, autos, and consumer products. It is useful because it shows how U.S. manufacturing, technology hardware, aerospace, and commodity flows are performing in the global cycle. The 2025 increase was led by capital goods and industrial supplies, which suggests trade growth was driven more by industrial and technology channels than by a single narrow category.
This captures the less visible but extremely important export engine built around business services, intellectual property, finance, and travel. It matters because the United States consistently monetizes high-value intangible exports better than most economies, and those flows are usually more margin-rich than physical goods trade. In 2025, the increase came notably from business services, IP, and financial services, reinforcing how much the U.S. external position depends on knowledge-heavy sectors.
Trade composition
Commodity lens
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.
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.
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.
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.
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.
What to watch
United States should first be read through federal reserve policy. When this regime shifts, local how highly shares are valued and sector leadership usually shift with it.
This market is usually read through the interaction between the Fed, corporate profits durability, and the concentration of global equity leadership in a small set of mega-cap franchises. That makes profits concentration one of the most important signals for revising the country narrative.
The final layer is labor-market resilience, because it determines whether the macro backdrop turns into sustainable profits support for the NASDAQ Composite.
Other countries
Each card opens the same country template with its own map, switchable macro variables, and benchmark view. This is the first linked network of country pages across the region.
Americas
A high-volatility market where inflation, FX regimes, and policy credibility dominate every other valuation input.
Americas
A large cyclical market driven by commodities, domestic rates, fiscal credibility, and the direction of local risk appetite.
Americas
A resource-heavy developed market where banks, energy, mining, and housing sensitivity shape the equity narrative.
Americas
A small open market where copper, domestic rates, and pension-system liquidity shape valuation cycles.
Americas
A resource-and-financials market where oil, rates, politics, and domestic demand all feed into sentiment.
Americas
A near-shoring beneficiary whose equity story runs through manufacturing integration, domestic rates, and peso credibility.
Buffett Indicator
What This Signals
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.