Calculate Egypt Real GDP in 2019 and Compare to a country with a higher GDP and...

Calculate Egypt Real GDP in 2019 and Compare to a country with a higher GDP and one with a lower GDP.

Expert Solution

Hi

The answer of the following question are as follows:

First of all let us discuss what GDP is so GDP stands for Gross domestic product and it is the standard measure of the value added created through the production of goods and services in a country during a certain period mostly it is calculated yearly.

So now coming to the GDP of Egypt in 2019 so according to the data provided by World Bank and several other projections from the trading economist the GDP of Egypt in 2019 was worth 303.20 billion US dollars in 2019. And if we analyse the GDP of Egypt it represents 0.25 percent of the world economy.

Some important data provided by World Bank regarding the GDP of Egypt.

Egypt GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	5.00	5.60	7.70	-3.80	percent	[+]
GDP	303.20	250.90	332.90	4.00	USD Billion	[+]
GDP Constant Prices	1006990.80	977748.60	1006990.80	316764.40	EGP Million	[+]
GDP per capita	3008.80	2907.30	3008.80	578.30	USD	[+]
GDP per capita PPP	11763.30	11366.30	11763.30	6016.90	USD	[+]
GDP From Agriculture	102405.50	95317.00	134192.00	42897.60	EGP Million	[+]
GDP From Construction	63983.90	65752.90	70659.60	10878.70	EGP Million	[+]
GDP From Manufacturing	181880.20	173544.50	181880.20	51326.60	EGP Million	[+]
GDP From Mining	117307.40	93904.50	122278.00	52089.80	EGP Million	[+]

Now let's discuss the country which has higher GDP than Egypt in 2019.

So according to the report published by World Bank The Gross Domestic Product (GDP) in Colombia was worth 323.80 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Which represents 0.27 percent of the world economy.

Colombia GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-14.90	-2.40	3.50	-14.90	percent	[+]
GDP Annual Growth Rate	-15.70	1.40	8.00	-15.70	percent	[+]
GDP	323.80	333.60	382.10	4.00	USD Billion	[+]
GDP Constant Prices	180770.34	205189.63	241651.94	100710.10	COP Billion	[+]
Gross Fixed Capital Formation	34069.26	49061.90	50547.96	9542.00	COP Billion	[+]
GDP per capita	7842.90	7696.30	7842.90	2339.40	USD	[+]
GDP per capita PPP	14730.88	14455.59	14730.88	8390.84	USD	[+]
GDP From Agriculture	13375.09	14324.26	14324.26	5454.00	COP Billion	[+]
GDP From Construction	9259.86	11087.58	17111.97	2927.00	COP Billion	[+]
GDP From Manufacturing	19034.00	24357.80	27504.49	9441.00	COP Billion	[+]
GDP From Mining	8397.13	10446.22	12853.73	4899.00	COP Billion	[+]
GDP From Transport	6849.72	10593.76	11673.06	4460.00	COP Billion	[+]
GDP From Utilities	6612.00	6900.00	6900.00	2895.00	COP Billion	[+

Now let's have have a look on a country which has lower GDP than Egypt in 2019 , it will make us understand better .

GDP of Chile. So The Gross Domestic Product (GDP) in Chile was worth 282.30 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Which represents 0.24 percent of the world economy. Now lets have a look on data which helps us to understand much better.

Chile GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-13.20	3.00	4.30	-13.20	percent	[+]
GDP Annual Growth Rate	-14.10	0.20	9.50	-14.10	percent	[+]
GDP	282.30	298.30	298.30	4.10	USD Billion	[+]
GDP Constant Prices	33824.52	38975.18	39488.13	13802.00	CLP Billion	[+]
Gross National Product	148852.82	146856.92	148852.82	66165.90	CLP Billion	[+]
Gross Fixed Capital Formation	6937.97	7683.34	1486680.24	6937.97	CLP Billion	[+]
GDP per capita	15091.50	15111.70	15111.70	3611.90	USD	[+]
GDP per capita PPP	24226.15	24258.65	24258.65	9524.52	USD	[+]
GDP From Agriculture	837.01	1849.70	1976.74	193.80	CLP Billion	[+]
GDP From Construction	1885.82	2305.63	2970.65	1102.60	CLP Billion	[+]
GDP From Manufacturing	3659.34	4027.58	4166.51	1858.80	CLP Billion	[+]
GDP From Mining	3892.09	3747.80	4119.50	2233.20	CLP Billion	[+]
GDP From Public Administration	1831.91	1834.19	1834.19	721.60	CLP Billion	[+]
GDP From Services	3495.62	3676.39	3900.10	2705.90	CLP Billion	[+]
GDP From Transport	1265.28	1872.73	2069.30	708.90	CLP Billion	[+]
GDP From Utilities	987.76	1057.56	1123.59	532.40	CLP Billion.

Rahul Sunny answered 1 year ago

(a) “If Country X has a higher level of real GDP per person than Country Y,...

(a) “If Country X has a higher level of real GDP per person than Country Y, then citizens in Country X must enjoy a higher standard of economic welfare than citizens in Country Y.” Do you agree or disagree this statement? Why? (b) Michael paid HK$300,000 to buy a new car in 2019 and he sold his car to Gary at HK$150,000 in 2020. How did these transactions affect the GDP in 2020? Briefly explain your answer. (c) How does...

nominal GDP for 2019- $900,000 GDP deflator for 2019- 138 what is the real GDP for...

nominal GDP for 2019- $900,000 GDP deflator for 2019- 138 what is the real GDP for 2019?

Country Analysis Selected Country: UNITED ARAB EMIRATES (UAE) Economic status and growth GDP, real GDP, real...

Country Analysis Selected Country: UNITED ARAB EMIRATES (UAE) Economic status and growth GDP, real GDP, real GDP per capita, PPP adjusted GDP per capita. Growth rates of GDP, population – you can use website gapminder for relevant tools and information. Sectorial contribution to GDP Inflation Type or paste question here

a) Obtain the value of nominal GDP and real GDP in 2018 and 2019 for this...

a) Obtain the value of nominal GDP and real GDP in 2018 and 2019 for this economy. Good 2018 2018 2019 2019 P18 Q18 P19 Q19 Food $1 100 $1 150 Clothing $5 200 $1 200 Household items $10 50 $3 60 Health Care $40 20 $20 30 b) Explain why looking just at the evolution of nominal GDP would make an analyst erroneously conclude that this economy has gone through a severe crisis/recession in 2015

Select a country with a high GDP (real or nominal) and a country with a low...

Select a country with a high GDP (real or nominal) and a country with a low GDP ( again with real.or nominal). Contrast what the level of GDP in the countries means for consumers and producers. Based on your findings, is GDP a good measure of economic well-being? Please include a reference. thank you.

If real GDP in 2019 exceeds real GDP in 2018, did real output rise? Did Prices...

If real GDP in 2019 exceeds real GDP in 2018, did real output rise? Did Prices rise? Macroeconomics

If real GDP in 2016 using 2015 prices is higher than nominal GDP of 2016, then...

If real GDP in 2016 using 2015 prices is higher than nominal GDP of 2016, then O A. nominal GDP in 2016 equals nominal GDP in 2015. O B. real GDP in 2016 is larger than real GDP in 2015. O C. prices in 2016 are higher than prices in the base year. O D. prices in 2016 are lower than prices in the base year. When GDP is measured using "adjustments for price changes" it is known as the...

Find data for the most recently available 10 years for denmark country a. Real GDP (GDP...

Find data for the most recently available 10 years for denmark country a. Real GDP (GDP constant from the first year of your data) b. Growth rate of real GDP (GDP growth (annual %)) c. Real GDP per capita (GDP per capita, constant from the first year of your data) d. Growth rate of real GDP per capita (GDP per capita growth (annual %)) e. Population (Population, total) f. Population growth rate (Population growth (annual %)) g. Unemployment rate (Unemployment,...

In Country A, assume that the velocity of money is constant. Real GDP grows by 7...

In Country A, assume that the velocity of money is constant. Real GDP grows by 7 percent per year, the money stock grows at 15 percent per year, and the nominal interest rate is 10 percent. What is the real interest rate? Show your work.

suppose that a certain country has an MPC of 0.9 and a real GDP of $400...

suppose that a certain country has an MPC of 0.9 and a real GDP of $400 billion. if its investment spending decreases by $4 billion, What is the specific Savings function in this problem is Autonomous Consumption is $1,000?

Question