Us Economy Ppt..IFT PPT
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Transcript of Us Economy Ppt..IFT PPT
Presented By:Saurabh DhawanNitin Chaudhary
Anuj DawarNiketa Datta
Varun DhingraVidhu Jain
Attributes US ECONOMY
Trade organizations NAFTA, WTO, OECD and others
GDP (PPP) $13.81 trillion (2007)
GDP ranking 1st in GDP
GDP growth 2.1% (II quarter 2008, from year ago)
GDP per capita (real GDP) $45,850 (2008)
GDP by sector agriculture (0.9%), industry (20.6%), services (78.5%)
Inflation 5.6%(Jun 2007 to Jun 2008)
Population below poverty line 12.5% (2007)
Labour force 154.5 million (includes unemployed) (May 2008)
Unemployment 6.1% (August 2008)
Main industries
petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, timber,
mining, defense
Exports $1.149 trillion f.o.b. (2007 est.)
Main Export partnersCanada 21%, Mexico 12%, China 6%, Japan 5%, United Kingdom
4%, Germany 4%
Imports $1.985 trillion c.i.f. (2007 est.)
Main Import Partners China 17%, Canada 16%, Mexico 11%, Japan 7%, Germany 5%
Revenues $2.568 trillion (2007)
Expenses $2.896 trillion (2007)
Economic aid $19 billion, 0.2% of GDP (2004)
GDP – 18.493 billion euros
Budget – 862 billion euros between the year
2007 – 2013
Gross Product (27 member states)
- Luxemburg (highest)
- Bulgaria (lowest)
European EconomyEuropean Economy
Member State % GDP Growth
2005 2006 2007 2008
Austria 2.0 3.3 3.4 1.9
Belgium 2.0 2.9 2.7 1.4
Denmark 2.5 3.9 1.8 1.2
Finland 2.8 4.9 4.4 2.4
France 1.7 2.0 1.9 1.4
Germany 0.8 2.9 2.5 1.4
Greece 3.8 4.2 4.0 3.5
Ireland 5.9 5.7 5.3 1.8
Italy 0.6 1.8 1.5 0.3
Luxembourg 5.0 6.1 5.4 3.1
Netherlands 1.5 3.0 3.5 2.1
Portugal 0.9 1.3 1.9 1.3
Spain 3.6 3.9 3.8 1.8
Sweden 3.3 4.1 2.6 2.0
United Kingdom 1.8 2.9 3.1 1.6
EU 15 GDP Growth ratesEU 15 GDP Growth rates
Member State % GDP Growth
2005 2006 2007 2008
Bulgaria 6.2 6.3 6.2 5.5
Cyprus 3.9 4.0 4.4 3.4
Czech Republic 6.4 6.4 6.5 4.2
Estonia 10.2 11.2 7.1 3.0
Hungary 4.1 3.9 1.3 2.5
Latvia 10.6 11.9 10.2 3.6
Lithuania 7.9 7.7 8.8 6.5
Malta 3.4 3.4 3.8 2.2
Poland 3.6 6.2 6.5 4.9
Romania 4.1 7.9 6.0 5.4
Slovakia 6.6 8.5 10.4 6.6
Slovenia 4.1 5.7 6.1 4.1
European Union 2.1 3.3 3.1 1.8
Eurozone 1.6 2.8 2.6 1.4
New member GDP growth ratesNew member GDP growth rates
Estonia and Latvia have highest growth
rates.
EU is the largest exporter and the second
largest importer.
Trade is made easier.
• It is the hub of European System of Central
Bank.
• It sets interest rate in order to keep the
Euro area stable.
• It also manages the currency reserves of
the Euro area.
Set up of the EMU
- EU lifted the restrictions
- Governments no longer to turn to Central
Banks.
EU countries agreed on a system of
‘MONITORING’
Convenient for
Business – No longer have to allow for
fluctuating exchange rates.
Travelers – Cost of changing money has
disappeared.
The EURO also makes it easier to compare PRICES.
Creation of a Custom Union
Freedom for people too
12 times greater in 2000 than in
1992
Agreed objective
Closing technology gap
ConclusionConclusion