Final Report of Economic Diamond

7/29/2019 Final Report of Economic Diamond

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Government College University

Business Economics

ECONOMIC DIAMOND

Presented to:

Mr. Hassan Raza Shah

Presented by:

Shahid Ali (ITALY)

Sidra Rai (FRANCE)

Maliha Aziz But (KUWAIT)

Mehreen Shahid (INDONESIA)


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ECONOMIC DIAMOND

ITALY

Years

Inflation,

consumer prices

(annual %)

Unemployment,

total (% of total

labor force)

GDP

growth

(annual %)

Current

account balance

(% of GDP)

1 2 3 4

2000 3 11 4 -1

2001 3 10 2 0

2002 2 9 0 -1

2003 3 9 0 -1

2004 2 8 2 -1

2005 2 8 1 -22006 2 7 2 -3

2007 2 6 2 -2

2008 3 7 -1 -3

2009 1 8 -5 -2

2010 2 8 2 -4

Inflation (Consumer prices %age annual)


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The Inflation; consumer prices (annual %) in Italy was 2% in 2010, according to a World

Bank report published in 2012. Inflation as measured by the consumer price index

reflects the annual percentage change in the cost to the average consumer of acquiring a

basket of goods and services that may be fixed or changed at specified intervals, such

as yearly. The Laspeyres formula is generally used. There is not so much variation in

inflation in last 10 years as minimum is 1 and maximum is 3.

Unemployment, total (% of total labor force)

The Unemployment; total (% of total labor force) in Italy was last reported at 7.40 in 2010

according to a World Bank report published in 2012. Unemployment rate was high in

2000 i.e. 11% and after that it has decreased. Unemployment refers to the share of the

labor force that is without work but available for and seeking employment. Definitions

of labor force and unemployment differ by country.

GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Italy contracted 2 percent in 2010. Historically, from

2000 until 2010, Italy GDP Annual Growth Rate all-time high of 4 Percent in 2000 and

a record low of -5 Percent in 2009. In Italy, the annual growth rate in GDP measures

the change in the value of the goods and services produced by the country economy

during the period of a year.

Current account balance in percent of GDP

The Current account balance in percent of GDP in Italy was reported at -4.00 percent of GDP

in 2010, according to the International Monetary Fund (IMF). Current account is all

transactions other than those in financial and capital items. The major classifications are

goods and services; income and current transfers. The focus of the BOP is on transactions

(between an economy and the rest of the world) in goods; services; and income.


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KUWAIT

Years

Inflation,

consumer prices(annual %)

Unemployment,

total (% of totallabor force)

GDP

growth(annual %)

Current account

balance (% ofGDP)

2000 5 3 1 39

2001 1 1 1 24

2002 3 1 1 11

2003 17 1 1 20

2004 10 1 2 26

2005 11 4 2 37

2006 5 3 45

2007 4 5 36

2008 5 11 41

2009 -5 4 24

2010 3 4 30


The Inflation; consumer prices (annual %) in Kuwait was 3% in 2010, according to a WorldBank report published in 2012. Inflation as measured by the consumer price index


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reflects the annual percentage change in the cost to the average consumer of acquiring a

basket of goods and services that may be fixed or changed at specified intervals, such

as yearly. The Laspeyres formula is generally used. There is so much variation in

inflation in last 10 years as minimum is -5 and maximum is 17.


The Unemployment; total (% of total labor force) in Kuwait was last reported at 4% in 2010


2008 11% and after that it has not been reported. Unemployment refers to the share of

the labor force that is without work but available for and seeking employment.

Definitions of labor force and unemployment differ by country.


The Gross Domestic Product (GDP) in Kuwait was reported 2 percent in 2005. Historically,

from 2000 until 2010, Kuwait GDP Annual Growth Rate all-time high of 2 Percent in

2005 and a record low of 1 Percent from 2000 to 2003. In Kuwait, the annual growth

rate in GDP measures the change in the value of the goods and services produced by

the country economy during the period of a year.


The Current account balance in percent of GDP in Kuwait was reported at 30 percent of GDP

in 2010, according to the International Monetary Fund (IMF). Current account is all





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Indonesia

YearsInflation, consumer

prices (annual %)

Unemployment, total

(% of total labor force)

GDP

growth(annual %)

Current

account balance(% of GDP)

2000 3.7 6.1 4.9 4.8

2001 11.5 8.1 3.6 4.3

2002 11.9 9.1 4.5 4

2003 6.6 9.5 4.8 3.5

2004 6.2 9.9 5 0.6

2005 10.5 11.2 5.7 0.1

2006 13.2 10.3 5.5 3

2007 6.4 9.1 6.3 2.4

2008 9.8 8.4 6 0

2009 4.8 7.9 4.6 2

2010 5.1 7.1 6.2 0.7


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The Inflation in Indonesia was 5.1 in 2010, according to a World Bank report published in

2012. Inflation as measured by the consumer price index reflects the annual percentage

change in the cost to the average consumer of acquiring a basket of goods and services

that may be fixed or changed at specified intervals, such as yearly.


The Unemployment in Indonesia was last reported at 7.1 in 2010 according to a World Bank

report published in 2012. Unemployment rate was highest in 2005 touching 11.2 and

after that it has decreased. Unemployment refers to the share of the labor force that is

without work but available for and seeking employment.


The Gross Domestic Product (GDP) in Indonesia was 6.2 percent in 2010. The highest that it

went was 2007 touching 6.3. The annual growth rate in GDP measures the change in

the value of the goods and services produced by the country economy during the period

of a year.


The Current account balance in percent of GDP in Indonesia was reported at 0.7 percent of

GDP in 2010. Current account is all transactions other than those in financial and capital

items. The lowest that it went was the 0.0 in 2008. The highest was 4.8 in 2000.


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France

Years

Inflation,

consumer prices(annual %)

Unemployment,

total (% of totallabor force)

GDP

growth(annual

%)

Current

account balance(% of GDP)

2000 1.70 10.20 3.68 1.48

2001 1.63 8.60 1.84 1.76

2002 1.92 8.70 0.93 1.24

2003 2.11 8.60 0.90 0.72

2004 2.13 9.20 2.54 0.54

2005 1.74 8.90 1.83 -0.48

2006 1.68 8.80 2.47 -0.58

2007 1.49 8.00 2.29 -1.032008 2.81 7.40 -0.08 -1.76

2009 0.09 9.10 -3.15 -1.35

2010 1.53 9.30 1.66 -1.56


The Inflation; consumer prices (annual %) in France was 1.53% in 2010, according to a

World Bank report published in 2012. Inflation as measured by the consumer price

index reflects the annual percentage change in the cost to the average consumer ofacquiring a basket of goods and services that may be fixed or changed at specified


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intervals, such as yearly. The Laspeyres formula is generally used. There is not so

much variation in inflation in last 10 years as minimum is 1 and maximum is 3.


The Unemployment; total (% of total labor force) in France was last reported at 9.30 in 2010


2000 i.e. 10.20% and after that it has decreased. Unemployment refers to the share of

the labor force that is without work but available for and seeking employment.

Definitions of labor force and unemployment differ by country.


The Gross Domestic Product (GDP) in France contracted 1.66 percent in 2010. Historically,

from 2000 until 2010, France GDP Annual Growth Rate all-time high of 3.68 Percent

in 2000 and a record low of -0.08 Percent in 2008. In France, the annual growth rate in

GDP measures the change in the value of the goods and services produced by the

country economy during the period of a year.


The Current account balance in percent of GDP in France was reported at -1.56 percent of

GDP in 2010, according to the International Monetary Fund (IMF). Current account is all




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