Individual Assignment
This paper aims to compare ten countries on the basis of their Gross Domestic Product (GDP) per capita, unemployment rate, annual inflation rate and life-expectancy rates. The ten countries that will be studied are China, France, Japan, Germany, India, New Zealand, Norway, Philippines, Qatar and the United States of America. The 2014 data from The World Bank will were used in the study.
As can be observed from the graph, Qatar has the highest GDP per capita, while India has the lowest GDP per capita. Qatar is the world’s richest country because of its massive natural gas reserves. Although India’s economy is the 12th largest according to the IMF, its GDP per capita is low because of its large population.
Unemployment rate
Annual inflation rate
The highest inflation rate was registered by India at 6.4%, while France has the lowest inflation rate. Another country with a relatively high inflation is the Philippines.
Life-expectancy rate
Among the countries compared, Japan has the highest life-expectancy rate. According to studies, a major reason for the long lives of Japanese is their diet, which is composed mostly of fish, fresh green vegetables and soy products. India has the lowest life-expectancy rate at 68 years old. This can be attributed to the low living standards, the lack of access to health services and poor water and sanitation facilities.
Works Cited
ET Bureau. "India displaces Japan to become third-largest world economy in terms of PPP: World Bank." 30 April 2014. The Economic Times Web site. Web. 19 May 2016.
Greenfield, Beth. "The world's richest countries ." 22 February 2012. forbes.com. Web. 19 May 2016.
Scott, Greg. "The real secrets behind Japan’s high life expectancy." 16 May 2012. InterGlobal Web site. Web. 19 May 2016.
The World Bank Group. "Data." 2016. The World Bank. Web. 19 May 2016.
