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The creation of companies as an indicator of resilience in the United States has been a constant after the economic crises that have caused internal and geopolitical situations around the world.
How many companies on average are created in the United States monthly? What is the success rate in the USA for business creation? How is the American country ranked compared to other countries to do business? There are several indicators that could shed light and resolve these questions.
First, let's see on average how many companies are created in the American giant, for that, we are going to analyze the Company Formation Statistics by State of the US Census Bureau, an initiative that has been in the making since 2005. We will take the month of June of one of those years as a reference, until the last update in 2022.
These statistics are based on the tax identifications that the entity was able to collect as indicated by the requests of the Employer Identification Number(EIN).
This is the final conglomerate, year by year:
Several points to analyze according to this statistic. The first thing is how the United States has faced the different economic crises that governments, economic and industrial decisions and geopolitical situations have provoked over the decades. One of the most recent, the real estate and credit bubble that had been inflating until it burst in 2008, having serious consequences for the global economy; then when the world had to go into lockdown in 2020 after the WHO warned of the consequences of the coronavirus, a situation that, until June 2022, has left around 6.3 million fatalities.
In other words, after these crises, company creation rates have been constantly on the rise, which indicates the benefits that small and medium-sized entrepreneurs have in the American giant, among other things, due to the benefits of doing business in a country of almost 333 million inhabitants.
About the benefits, we wrote a blog: 5 advantages of creating your company in the United States.
Now, what is the success rate in the USA for business creation? And how is the American country ranked compared to other countries to do business? To answer these questions, we will see the US News global rankings, an initiative that discovers the best countries in the world according to certain parameters: cultural influence, agility, entrepreneurship, heritage, engines, open for business, power, social purpose and quality of life.
In the general ranking, the United States ranks sixth as the best country in the world, with an overall score of 93.3. What stands out among his highest scores -out of 100- is the agility, that is, says the report, “the ability to adapt and respond to any obstacle you face. To do this, a country needs to be efficient in its actions, adopt and accept modern solutions, and make progress in coping with changing circumstances. These countries are seen as the most adaptable to change.”
On the other hand, the USA occupies the third position in entrepreneurship with a score of 97.3, an indicator that the report explains as follows: “For countries to spread prosperity to citizens, governments must find industries in which they can compete. globally in the digital age, the so-called Fourth Industrial Revolution. These countries are seen as innovative with entrepreneurial citizens.”
Let's look at those attributes:
The cultural importance of Latin Americans in the northern giant, its military muscles and the influence of its economy in the world make this country an attraction that seduces foreigners with more and more vehemence., not in vain, says Statista, “The United States has been the main destination country for international migrants since 1970.” By 2020, according to the United Nations, the United States received almost 51 million migrants from all over the world.