Question

In: Economics

Compare and contrast the statistics for one country in Asia and another in Middle East about...

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.

Solutions

Expert Solution

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
World Ranking = 11

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
World Ranking = 2

27 times more than India

4. Unemployment Rate

8.5%
World Ranking = 46

17 times more than Qatar

0.5%
World Ranking = 112
5. Human Development Index 0.602
World Ranking = 127

0.849
World Ranking = 41

41% more than India

6. Budget Revenue

$172.10 billion
World Ranking = 23

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
World Ranking = 27

3 times more than Qatar

$134.80 billion
World Ranking = 36
9. Debt Position [Public Debt]

51% of GDP
World Ranking = 61

58% more than Qatar

32.8 % of GDP
World Ranking = 106

10. International Trade [Exports]

$301.90 billion
World Ranking = 19

2 times more than Qatar

$133.00 billion
World Rankin = 31
11. International Trade [Imports]

$503.50 billion
World Ranking = 8

16 times more than Qatar

$30.79 billion
World Ranking = 63

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