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United States
Chamber of Commerce Country Factsheet Last update: 11.08.2017

Your advisors at the Chamber of Commerce

  • Diana Rutledge
    +352423939335
  • Edith Stein
    +352423939482
Contact us: northamerica@cc.lu

Key Indicators

Area
9,826,675 km2
Population
323,995,528 (July 2016 est.)
Government type
Constitution-based federal republic; strong democratic tradition
Languages
English 82.1%, Spanish 10.7%, other Indo-European 3.8%, Asian and Pacific island 2.7%, other 0.7% (2000 census)
GDP
$18.56 trillion (2016 est.)
Growth rate
1.6% (2016 est.)
HDI
8
Capital
Washington D.C.

 

Introduction

Britain's American colonies broke with the mother country in 1776 and were recognized as the new nation of the United States of America following the Treaty of Paris in 1783. During the 19th and 20th centuries, 37 new states were added to the original 13 as the nation expanded across the North American continent and acquired a number of overseas possessions. The two most traumatic experiences in the nation's history were the Civil War (1861-65), in which a northern Union of states defeated a secessionist Confederacy of 11 southern slave states, and the Great Depression of the 1930s, an economic downturn during which about a quarter of the labor force lost its jobs. Buoyed by victories in World Wars I and II and the end of the Cold War in 1991, the US remains the world's most powerful nation state. Since the end of World War II, the economy has achieved relatively steady growth, low unemployment and inflation, and rapid advances in technology.

Source: The CIA World Factbook - USA

 

Macroeconomic indicators

Economic growth is projected to pick up in 2017 and 2018 as headwinds from past exchange rate appreciations abate and support from fiscal policy begins to appear. Consumer spending will benefit from continued, though slowing, employment gains and, as the labour market tightens, stronger wage growth.


With inflation nearing its target and unemployment edging down further, monetary policy stimulus has begun to be withdrawn gradually. As growth picks up, further interest rate rises are projected to contain inflationary pressures and reduce the risk of financial-market distortions. Reducing the size of the central bank’s balance sheet will soon become appropriate. The Administration and Congress are formulating plans to cut taxes and boost infrastructure spending. The present projection assumes no spending increase at the federal level, but a tax reform is projected, which will support consumer spending and investment in 2018.


The United States is an important participant in global value chains and foreign trade has become a more important driver of economic activity. Together with technical change, this has brought many benefits to consumers, though in certain areas job losses have contributed to persistent unemployment and poverty, while displaced workers who find new jobs may need to take a significant pay cut. In comparison with other OECD countries, the United States devotes relatively few resources to helping workers retrain or find new employment. The successful experience of some states in harnessing vocational training suggests that more can be done to improve employment opportunities.

Source: OECD - Economic Forecast

IMF Statistics: 

 

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
2.3702.5961.5782.1992.081
Gross domestic product, current prices
U.S. dollars (Billions)
17,393.10018,036.65018,561.93419,377.20320,250.829
Gross domestic product per capita, current prices
U.S. dollars (Units)
54,501.58556,083.96557,293.79459,407.46761,667.784
Inflation, average consumer prices
Percent change
1.6100.1181.1882.3362.646
Volume of imports of goods and services
Percent change
4.4134.5832.2447.1765.657
Volume of exports of goods and services
Percent change
4.2690.1090.2735.8456.410
Unemployment rate
Percent of total labor force
6.1675.2834.8954.7714.729
Current account balance
U.S. dollars (Billions)
-392.059-462.965-469.379-518.519-566.921
Current account balance
Percent of GDP
-2.254-2.567-2.529-2.676-2.799
Colored cells are estimates

Source: IMF Statistics - USA

 

Luxembourg and the country

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Exchange of letters from 11.4/22.6.1989
  • Effective as of 01.08.1993 (Memorial 1992, A, p. 2640, p. 2640)
  • Convention from 3.4.1996
  • Exchange of Letters from 28.8.1996
  • Act from 5.3.1999 (Memorial A, no. 25, p. 634)
  • Effective as of 20.12.2000 (Memorial 2001, A, no. 16, p. 695)
  • Protocol amending the Convention and Exchange of letters from 20.05.2009
  • Act from 31.3.2010 (Memorial 2010, A, no. 51 of 6.4.2010, pp.. 830)
  • Not in force yet

Air Services agreement

  • Agreement from 08.19.1986 (Memorial 1988, A, p. 749)
  • Effective as of 03.08.1988 (Memorial 1988, A, p. 870)
  • Exchange of Letters dated from 06.06.1995 (Memorial 1997, A, p. 1151)
  • Effective as of 12.05.1997 (Memorial 1997, A, p. 2529)
  • Exchange of Letters from 13/21.7.1998 (Memorial 2003, A, no. 63, p. 1038)
  • Effective as of 12.06.2003 (Memorial 2003, A, no. 97, p. 1971)

Source: Administration des contributions directes

Annuler les modifications

 

 

 

Further information

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact points in the United States

Embassy of the Grand Duchy of Luxembourg in the United States

Ambassador:

Sylvie LUCAS

2200 Massachusetts Avenue N. W.
WASHINGTON, D.C. 20008

Tel.: +1 202 265 4171/72
Fax: +1 202 328 8270
Email: washington.amb@mae.etat.lu

Consul General with jurisdiction in the States of New York, New Jersey, Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont, Pennsylvania, Delaware and Maine:

Jeanne CRAUSER

17 Beekman Place
New York, N.Y. 10022

Tel: +1 212 888 66 64
Fax: +1 212 888 61 16
Email: newyork.cg@mae.etat.lu 

Consul General with jurisdiction in the states of California, Washington, Oregon, Arizona, New Mexico, Colorado, Hawaii, Idaho, Nevada, Utah, Montana and Alaska:

Pierre FRANCK

1 Sansome Street, Suite 830
San Francisco, CA 94104

Tel: +1 415 788 08 16
Fax: +1 415 788 09 85
Email: sanfrancisco.cg@mae.etat.lu

Economic and Commercial Attachés (AWEX)

Commercial Secretary with jurisdiction in States Alabama, North Carolina, South Carolina, Florida, Georgia, Kentucky, Mississippi and Tennessee: 

Djazia Filoso

Peachtree Center - North Tower - Suite 820
235 Peachtree Street, NS
Atlanta, GA 30303

Position supervised by the AEC based in Houston:

Mr. Eric BLETARD

Tel: +1 404 584 20 02
Fax: +1 404 584 20 04
E-mail: atlanta@awex-wallonia.com

Economic and Commercial Attaché with jurisdiction in States North Dakota, South Dakota, Indiana, Illinois, Iowa, Michigan, Minnesota, Missouri, Nebraska, Ohio and Wisconsin: 

Martine Leclercq

333 North Michigan Avenue, Suite 905
Chicago, Illinois 60601

Tel: +1 312357 09 92
Fax: +1 312 357 10 76
E-mail: chicago(at)awex-wallonia.com 

Economic and Commercial Attache with jurisdiction in States Connecticut, Maine, Massuchussets, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont: 

Edith MAYEUX

1065 Avenue of the Americas, 22nd floor
New York, NY 10018

Tel: +1 212 247 63 51
Fax: +1 212 247 63 92
E-mail: newyork(at)awex-wallonia.com 

Economic and Commercial Attaché with jurisdiction in States Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon, Utah, Washington and Wyoming:

Frederic DELBART

155 Montgomery Street - # 207
San Francisco CA 94104

Tel: +1 415 546 52 55
Fax: +1 415 546 31 44
E-mail: sanfrancisco(at)awex-wallonia.com 

Economic and Commercial Attaché with jurisdiction in States Delaware, District of Columbia, Maryland, Virginia, West Virginia: 

Bernard GEENEN 

3330 Garfield Street NW
Washington, DC 20008-5852

Tel: +1 202 625 58 52
Fax: +1 202 625 62 52
E-mail: washington(at)awex-wallonia.com 

Economic and Commercial Attache with Supervision of the position of Atlanta:   

Eric BLETARD 

5300 Memorial Drive, Suite 625
Houston TX 77007

Tel: + 713 863 11 10
Fax: + 713 863 11 12
E-mail: houston(at)awex-wallonia.com 

Luxembourg Trade and Investment Offices

17 Beekman Place
New York, NY 10022

Tel: +1 212 888 6664
Fax: +1 212 888 6116
Email: newyork.cg@mae.etat.lu 

One Sansome Street, Suite 830
San Francisco, CA 94104

Tel: +1 415 788 0816
Fax: +1 415 788 0985
Email: sanfrancisco.cg@mae.etat.lu 

Honorary Consuls

Honorary Consul with jurisdiction in State of New York and New Jersey: 

Mr.Jacques E. LENNON

PO Box 5268
570 Lexington Avenue (33th floor)
New York, NY 10150

Tel: +1 212 980 92 55
Fax: +1 212 888 34 80
Email: markjwolff(at)yahoo.com 

Honorary Consul with jurisdiction in Washington:

Robert COMFORT

812 Warren Ave N
Seattle, WA 98109

Tel: + 1 206 956 9137
Fax: +202 328 82 70
Email: luxconsulwa(at)gmail.com 

Honorary Consul with jurisdiction in  the State of Minnesota:

Mr.Kevin RIES 

5012 Nob Hill
Edina, MN 55439

Tel: + 1 952-927 1196
Fax: + 1 952 927 1675
Email: kevinries(at)edinareality.com 

Honorary Consul with jurisdiction in the State of Oregon: 

Mr. William L.FAILING

2649 S.W. Georgian Place
Portland
Oregon 97201

Tel: + 1 503 309 2768
Fax: + 1 503 241 1304
Email: bfailing(at)europa.com 

Honorary Consul with jurisdiction in  the State of Louisiana:

Gary J. MANNINA

St Andrew's Episcopal School
8012 Oak Street
P. O. Box 15803
New Orleans, LA 70118

Tel: +1 504 861 37 43
Fax: +1 504 861 39 73
Email: gmannina(at)standrews.k12.la.us 

Honorary Consul with jurisdiction in the State of Colorado:

Jeffrey WELTZIN

Juxtamark Inc..
245 Century Circle, # 102
Louisville, CO 80027

Tel: + 1 720 890 8343
Fax: + 1 720 890 4344
Email: jeff.weltzin(at)flour.com

Honorary Consul with jurisdiction in California: 

Pierre BIWER

23143 St Canzonet
Woodland Hills, CA 91367

Tel: + 1 818 346-2646
Fax: + 1 818 346-5990
Email: laconsulux(at)aol.com r.schaeffer(at)luxcongen-kc.org

Honorary Consul with jurisdiction in Indiana States of Indiana and Kentucky:

Dr.James B. STEICHEN
 
601 Alverna Drive
Indianapolis, IN 46260-4943

Tel: +1 317 471 43 16
Fax: +1 317 875 86 38 
Email: james(at)steichen.md 

Honorary Consul with jurisdiction in the State of Hawaii:

Mr.Jean-Claude R. DRUI

Euram, Inc
2176 Lauwiliwili #101
Kapolei, HI 96707


Tel: +1 808 682 4422 # 110
Fax: +1 808 682 8833
Email: jedrui(at)curaminc.com 

Honorary Consul General with jurisdiction in the State of Florida:     

Donald J.HANSEN

10082 Montevina Drive
Estero, FL 33928


Tel: +1 239 948 9680
Tel: +1 847 340 6088
Fax: +1 239 948 3765
Email: luxconsul(at)comcast.net 
Email:
donaldjhansen(at)comcast.net

Honorary Consul with jurisdiction in the State of Michigan: 

Mr.Ralph GERSON

Guardian Industries Corp.
2300 Harmon Road
Aubrun Hills, MI 48326-1714


Tel: + 1 248 340 2305
Fax: + 1 248 340 2308
Email: rgerson(at)guardian.com 

Honorary Consul with jurisdiction in the states of Texas: 

Mr. Peter J. SLOVER

13062 West Hwy 290, Suite 113
Austin, Texas 78737


Tel: + 1 855 294 0094
Email: luxconsul.tx(at)gmail.com

Honorary Consul with jurisdiction in the State of Ohio: 

Mr. James R.BRIGHT

c / o Spieth, Bell, McCurdy & Newell Co., L.P.A. 2000 Huntington Building
925 Euclid Avenue
Cleveland, OH 44115-1496

Tel: +1 216 696 47 00
Fax: +1 216 696 27 06
Email: jbright(at)spiethbell.co 

Honorary Consul with jurisdiction in the states of Illinois, Wisconsin and Iowa: 

M. Ethan Allen HASTERT

Mayer Brown LLP 71
South Wacker Drive
Chicago, IL 60606-4637

Tél : ++1 312 701 7656
Téléfax : ++1 312 706 8368
Email : ehastert(at)mayerbrown.com

Honorary Consul with jurisdiction in the state of Utah:

Mr. David Gamble MURRELL IV

Kosmo Corporation International
240 Edison Street
Salt Lake City, UT 84111

Tel: (801) 364-1600
Fax: (801) 364-1601
E-mail: luxconsul.utah(at)gmail.com

Honorary Consul with jurisdiction in the State of Massachusetts: 

Susan C. LIVINGSTON

Brown Brothers Harriman & Co.
185 Franklin Street
Boston, MA 02110

Tel: +1 617 772 13 99
Fax: +1 617 772 24 01
Email: susan.livingston(at)bbh.com

Honorary Consul with jurisdiction in the states of Georgia, North Carolina and South Carolina:

Mr. Georges A. HOFFMANN

Smith, Gambrell and Russell
Promenade II
1170 Peachtree Street, NE Suite 1750
Atlanta, GA 30309

Tel: + 1 404 885-5218
Fax: + 1 404 875 0798
Email: gahoffmann1(at)aol.com 

Source: Ministry of Foreign Affairs of Luxembourg
Source: www.awex.be 

Country risk as defined by Office du Ducroire for United States

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link:  Ducroire Office - Country Risk for USA

Other Useful Links: