SWOT Analysis - Louisiana, USA

Foriegn Relations

United States foriegn relations usually remain constant regarding their trade to and from international markets.

A rise of 1.7% to the US real GDP shows that foriegn trade remains strong and is making improvements.

The US owns 20% of market share in the global economy.

Export Trading

The United States made a 12% increase in exports from 2010-2011 for Trade with Canada. A continued estimated growth is expected to be 7-8% for 2012.

United States is a member of WTO, part of the NAFTA free trade agreement and has other FTA's establised between them and 17 different countries.

The US is the 4th highest exporter in the world with exports of 1.511 trillion estimated for 2011

Oppourtunity for Success in Louisiana Small Business

Louisianna was the quickest state to recover from the recession because of its creative small businesses and attractive tourism/services.

Different types of harnessing energy like solar panels, hydro or wind power, along with creation of biofuels from rich agriculture give them many sources of power as well as energy available to sell.

Subtopic

Debt

In the fiscal year of 2009, the deficit was 1.42 trillion; triple of the previous year's deficit of global debt.

United States current account balance for global debt is ranked 198 at -$599,900,000,000 behind Italy (-$77,800,000,000).

US's public debt is 69.4% of its GDP. If data generated from internal government debt of health care, treasury debt from foriegn entities, and debt from individual states it would increase 1/3'rd of GDP.

Global Recession

The recent global recession is lead by United States due to high amounts of purchases of foriegn goods and services.

Japan is the highest creditor to United States aswell as other Asain nations because of the large amount of debt they owe for purchases.

Predictions are being made of United States collapsing as a nation.

United States has a trade deficit of 803 billion dollars.

Poor Foreign Relations

Relations with the middle east continue to worsen as corruption and war still exist. The country has an "anti-american atmosphere"

Pakistan and other middle eastern countries have finished their co-operation with United States because of events.

Fear of US's nuclear power accessibility is prominent and is known across the world.

United States

United States has a GDP of 14,660 billion dollars, second to the European Union. The country is without a doubt the most important player in the global economy today.

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $48,100

US business firms enjoy greater flexibility than their counterparts in Western Europe and Japan in decisions to expand capital plant, to lay off surplus workers, and to develop new products

Tourism/Entertainment Services

Louisiana is well known for its rich history and famous events like Mardi Gras , its landmarks and stunning original architecture, and the states unique swamp like climate and geographic location. These features alone are reasons for high tourism in the state.

Louisiana has very safe and developed cities that make tourisim safer and more hospitable. Cites such Baton Rouge, New Orleans and Lafayette have been credited as entertaining, safe and constantly improving its state.

Food and agriculture in Louisiana is not only a huge part of their culture but reasoning for tourisim. The state is home to many world renowned restaurants and highly credited chefs, as well as great agriculture

Harvested Acres

No. 1 in sugar
No. 2 in rice and sweet potatoes
No. 9 in cotton and sorghum
Crop Production

No. 1 in crawfish
No. 2 in sweet potatoes and sugar
No. 2 in rice
No. 20th in sorghum
No. 9 in cotton

Economic Development

Development of cellulosic ethonol in Louisiana has potential to provide a cheap, more environmentally friendly type of fuel.

Louisiana's economy ranked second-best for strength during the recession

Louisiana has a diverse economy that includes an advanced manufacturing base, growing biotech/life sciences and pharmaceutical sector, an emerging technology sector, a creative film and digital media inustry and many others.

America's already well known as the most powerful player in the global economy because of its dominance in the majority of industrial, agricultural and service sectors.

Economy of Southern States

Both the manufacturing production and the retail sales had decreased, aswell as a hault in the housing market .

Job payrolls are monthly and show that work and salaries are inconsistent throughout the year.

Louisiana has an unemployment rate of 9.1% with no new job generation. Majority of southern states are in the 9-11% unemployment rate range.

Effects of Hurricane Katrina

Louisiana's unemployment rate is 9.1% and new job generation is very low. The southern states are around 9-11% for unemployment rates.

Restoration of the hurricans after math effected United States tremendously because of reconstruction costs. There is an estimated 200,000 houses destroyed from the storm.

Lead to a rise in oil prices and inflation to the US economy.

Education

The state of Lousiana projects that there will be challenges with a funding, The state already a budget deficit of almost a billion dollars.

The Louisiana school system was graded "c" for its poor teaching and little to no accountability for the system.

Louisiana was ranked #4 of the 50 states tested for grade 8 litteracy rates.