In: Economics
Compare and contrast the statistics for one country in Asia and another in Middle East about GDP and its composition, labor utilization, standard of living, government budget and debt position, and international trade.
The one Asian country chosen here is India and the other middle eastern country is Qatar.
Although according to size and population, India is much larger, but both the countries are rich in natural resources and are competitive in the international markets.
Point of difference | INDIA | QATAR |
1. GDP |
$1.84 trillion 11 times more than Qatar |
$171.48 billion World Ranking = 54 |
2. Sectoral GDP Composition: |
Agriculture and Allied Activities [15.4%] Industry [23%] Services [61.5%] |
Agriculture and Allied Activities [0.2%] Industry [50.3%] Services [49.5%] |
3. GDP per Capita | $2,625.09 World Ranking = 130 |
$72,027.98 27 times more than India |
4. Unemployment Rate |
8.5% 17 times more than Qatar |
0.5% World Ranking = 112 |
5. Human Development Index | 0.602 World Ranking = 127 |
0.849 41% more than India |
6. Budget Revenue |
$172.10 billion 2 times more than Qatar |
$76.22 billion World Ranking = 40 |
7. Budget Position |
Deficit [5% of GDP] World Ranking = 143 |
Surplus [14.4% of GDP] World Ranking = 4 |
8. Debt Position [External] |
$378.90 billion 3 times more than Qatar |
$134.80 billion World Ranking = 36 |
9. Debt Position [Public Debt] |
51% of GDP 58% more than Qatar |
32.8 % of GDP |
10. International Trade [Exports] |
$301.90 billion 2 times more than Qatar |
$133.00 billion World Rankin = 31 |
11. International Trade [Imports] |
$503.50 billion 16 times more than Qatar |
$30.79 billion World Ranking = 63 |