US Economy Ranks 18th Worldwide

Despite strong structures for future growth, confidence in American financial institutions 

remains low

The United States has a relatively stable economy but is suffering from a negative inflation rate of -0.4%. It also has a very low level of gross domestic savings in the aftermath of the financial crisis, ranking the country in the bottom 25, globally**, on this variable. Reported paid and unpaid employment is high at 63%*, ranking the United States 22nd on this variable, but the official level of unemployment is above the average, at 9%, which ranks the country 79th, on this variable. Annual GDP growth per capita averaged below 0.1% between 2005 and 2009, as a result of the recession. Public perceptions of economic prosperity are generally positive, with the United States ranking 35th* and 25th* in relation to access to food and shelter and satisfaction with standard of living in 2010. However, perceptions about local job markets are less positive, with below average* expectations of both future economic growth and job availability in 2010. On the other hand, the United States has the largest market in the world, and also ranks in the top 20 for the proportion of high-tech exports as a proportion of exported goods. However, the country attracts limited foreign direct investment, measured by net inflows and volatility, which places it 71st, globally. It also has the eighth highest level of physical capital per worker in the Index. Despite these indicators of future growth, confidence in financial institutions was very low in 2010, ranking the United States 93rd* on this variable, which is far more negative than the 5.4% of loans that are non-performing would suggest; on this latter variable, the United States ranks 61st


Source; http://www.prosperity.com/country.aspx?id=US