In addition to analyzing certain industries, or an industry within a specific region, it is also beneficial to take a broader look at the individual countries where these industries are located. Many businesses have been unsuccessful in their attempts to expand into foreign markets, as they failed to adapt their business model to the distinct needs of the other country. These differences may be economic, cultural, or bureaucratic, among many others, and understanding these differences can eliminate or circumvent many of the barriers to market entry.
Each country has a unique history and cultural identity, contributing to different economies, demographic structures, and markets. For example, the average age in Nigeria is below half of that in Norway; while corporation tax rates are standardized across the UK, vary by state in the U.S., and often do not apply in the UAE. Knowing national and regional differences is key to understanding the ever-changing, globalized world we live in, and can give competitive advantages to expanding businesses.
United StatesStatista’s International category deals with statistics and market data for individual countries, international organizations, and blocks of countries. The dossiers and studies available in this category compile statistics relating to demographics, economics, state finances, as well as unique chapters for select countries. Much of this data is compiled from international databases, such as the World Bank, International Monetary Fund, and the United Nations, in order to maintain consistency and uniformity across the platform.
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