The United States of America is located in North America, where it borders Canada to the North and Mexico to the South. The country consists of 50 States, two of which are separate from the main landmass. The United States has the largest national economy in the world and generated $16.2 trillion in 2013, $7.2 trillion more than the second biggest national economy, China.
The United States has a mixed economy which is built on an abundance of natural resources, a highly developed infrastructure and high productivity. The major driving force of the US economy is the economic freedom afforded to the private sector. This freedom ensures that the majority of economic decisions are made within this sector, opposed to the government making them. Consequently, 139 of the world’s 500 largest companies now have their central headquarters based in the US, including oil giant Exxon Mobil, which was the most profitable company of 2013. The US also has one of the world’s largest and most influential financial markets, which is bolstered by the New York Stock Exchange, the largest stock exchange in the world.
As well as being a world leader in business, the US is also the second most popular tourist destination in the world, with almost 50 million visitors a year. This provides huge business opportunities throughout the US, with 29 of the 50 states ranking tourism either first, second or third in economic importance. Over a quarter of all visits to the US are for business, proving its significance within the world economy.
The serviced apartment industry plays a huge part in accommodating the needs of these business travellers, providing accommodation for both short and long term stays and relocations. The serviced apartment industry is relatively well established throughout the US and provides more accommodation to business travellers than any other country in the world. This benefits the end user by providing highly competitive rates and flexibility when booking a serviced apartment.
Capital: Washington D.C.
Population: 318 million
Currency: United States Dollar ($) (USD)
Language: English (US)
Dominant religion: Christianity
Time zone: (UTC -5 to -10)
Main Exports: Machinery, Electronics, Oil
Internet Domain: .us
International Dial Code: +1