"But progress requires us to extend good faith and grace even to people with whom we deeply disagree."
Former US president Barack Obama has congratulated Republican Donald Trump on his victory in the 5 Nov presidential election.
"This is obviously not the outcome we had hoped for, given our profound disagreements with the Republican ticket on a whole host of issues," Mr Obama said in a joint statement with his wife, Michelle.
"But living in a democracy is about recognising that our point of view won't always win out and being willing to accept the peaceful transfer of power."
The United States has been "through a lot" over recent years, "from a historic pandemic and price hikes resulting from the pandemic to rapid change and the feeling a lot of folks have that, no matter how hard they work, treading water is the best they can do," the former Democratic president wrote.
"Those conditions have created headwinds for democratic incumbents around the world, and last night showed that America is not immune," Mr Obama said.
"But progress requires us to extend good faith and grace even to people with whom we deeply disagree.
"That's how we've come this far, and it's how we'll keep building a country that is fairer and more just, more equal and freer."
In the final stretch of campaigning, Mr Obama came out strongly for Democratic presidential candidate Kamala Harris, asserting that she would stand up for the people.
Mocking his Republican successor Mr Trump, Mr Obama highlighted his privileged background and financial failures.
Mr Trump, who lost his reelection bid in 2020 to Joe Biden, defeated Vice President Kamala Harris, the candidate of the Democratic Party, to emerge as the President-elect.
He, alongside his VP-elect, JD Vance, will be sworn in on 20 January 2025.
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