The United States of America is the world’s largest economy with a nominal GDP of 17.9 trillion Euros (2015). More than 1/4 of the world’s 500 largest companies are headquartered in the US, which demonstrates the economic power of the country.
Due to their highly diversified industries, which range from petroleum, motor vehicles, telecommunications, aerospace, chemicals to electronics and many more, the US remains among the top three exporting countries worldwide. The country’s five largest trading partners are Canada, China, Mexico, Japan and Germany which is the United States’ largest trade partner within the European Union. Among the 28 EU member states, Germany remained in 2015 by far the largest importer to the USA with 124 billion Euros or 29% of EU exports of goods.
Silicon Valley, which is home to world renowned companies such as Google, Facebook, Oracle, Yahoo or Apple and many startup companies is seen as the center of innovation in the tech industry. In this specific area the investment volume in technology, internet and mobile is the highest in the world. These sectors are mainly boosted by the cloud and mobile industries which have contributed to high revenues in the past and it is very likely that this growth will continue in the future as well.