economic & social indicators by ahsan ilahi

8/6/2019 Economic & Social Indicators by Ahsan ilahi

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Topic: Economic & Social Indicators

Ahsan ilahi

Economic indicator:


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GDP Growth

Inflation

Employment

Export

Import

BOP

Social Indicator:

Health

Literacy Rate

Transportation

Communication

Infrastructure

We will discuss about these indicators in all those countries, which data we have

collected. Low level, High level and Middle level. First of all we will discuss about the

high level countries according to these economic factors and then social factors.

High Level

Economic Indicators:

GDP Growth

The most important indicator is the GDP report. Basically, the GDP is the widest

measure of the state of the economy. The GDP is the aggregated monetary value of

all the goods and services produced by the entire economy during the quarter (with

the exception of international activity). The key number to look for is the growth

rate of GDP. The GDP of France is continuously growing from the last five years. In

2005 it was 34930 but now it is more than 4000. This shows the strong economy ofFrance Generally, the U.S. economy grows at around 2.5-3% per year and

deviations from this range can have a significant impact. The economy of other high

level countries also growing and increase in their GDP. This is a good signal for

these countries so they can increase their investments to gain more profit.

Inflation


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Inflation has a negative relation with GDP growth. If the GDP rate is increasing then

there is decrease in inflation in a particular country. Like, in France it is decreasing

from 2.4 to 0.5 and In USA 3.3 to 0.9 and in UK it is decreasing from 2.8 to 1.4

during last five years. In high level countries it is decreasing at high rate.

EmploymentEmployment also effect the economy of a country. It has negative effect on the

economy. If the unemployment rate is high in any country their economy is not

strong and definitely there will be decrease in GDP of a country. GDP of a country

will decrease due to increase in employment rate. Like in France unemployment

rate is decreasing from 42.2 to 35.4 and there is increasing in GDP.

Export

Due to increase our exports we can increase in economy of our country. We can

earn more and more income. It has +v effect on high level income countries. There

is increase in rate of export in UK from 27 to 28 and their GDP also increase.

Exports also effect the economy of a country.

BOP

BOP mean Balance of Payments which means what is the balance of payment in a

country. Payment increase or decrease in a country. These also has an effect on

economy of a country. If BOP increase then the economy opf a country not growing

because they have to pay more than receipts. Like in franc it is negative

-51,857,465,293, which means their receipts or more than payments. In UK, USA itis -37,050,488,123 and -378,434,537,000 respectively.

These are some of the economic indicators which can effect the economy of a country. There

are also some social indicators which are:

Social Indicator

Health

Health also effect the economy of a country and it is a social indicator of economy.

If there are more and more expenditure on health then the growth of an economy

will increase, because people when more healthy they do work more than average..

Like in USA and UK these are 7,410 and 3,285 respectively. Which are extra high

than other countries.


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Literacy Rate

Literacy rate is one of the most social indicator. If the literacy rate of a country is

high there will be increase in economic growth of a country. People are well

educated they can help the economy of a country. The literacy rate of high level

country is very high than other countries. Like in UK, USA and France the literacy

rate is very high.

Transportation

Transport also an social indicator of a country. If the GOVT provide better facility to

the people for transportation they can increase their economy. People from one

place to another place can move easily. So they can do their work at the time and

perfect person for a particular operation will be there if transportation of a country

is good. USA, UK and France they are providing better facilities to the people for

transportation.

Communication

The communication equipment should be latest in a county. Because

communication also effect the economy of a country. Developing countries not

using advance communication systems to communicate with the people. High level

countries are using advanced system to communicate.

Infrastructure

Infra structure also effect the economy. High level countries have better plan and

better infrastructure for their projects so their economy is very strong and they

have more competent labor and new technology for better planning. But in

developing countries there is no planning.

Middle Level

Economic Indicators:

GDP Growth


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rate of GDP. The GDP of Croatia, Poland, Paraguay is not as much increasing as high

level income countries from the last five years. The GDP of middle level countries iscomparatively low than the high level country. In 2005 it was 9680, 1220, 7270 but

now it is 13770, 2250 and 12260 respectively. This indicator indicates the economy

of a country, by how much rate it is increasing.

Inflation


there is decrease in inflation in a particular country. Like, in Croatia it is decreasing

from 3.2 to 2.4 and In Poland 3.3 to 1.1 and in Paraguay it is decreasing from 9.6 to

2.6 during last five years. In middle level countries it is comparatively high anddecreasing at low rate but In high level countries it is decreasing at high rate.

Employment

Employment also effect the economy of a country. It has negative effect on the



will decrease due to increase in employment rate. Like in Croatia, unemployment

rate is decreasing from 60.1 to 56.1 and there is increasing in GDP at low rate.

Because still there is unemployment rate is high.

Export


earn more and more income. It has Positive effect on high level income countries.

There is increase in rate of export in Croatia from 43 to 36 and in Poland it is from

40 to 39 and their GDP also increase. Exports also effect the economy of a country.

BOP

BOP mean Balance of Payments which means what is the balance of payment in acountry. Payment increase or decrease in a country. These also has an effect on

economy of a country. If BOP increase then the economy opf a country not growing

because they have to pay more than receipts. Like in Croatia it is negative

-3,314,482,562, which means their receipts or more than payments. In Poland and

Paraguay it is -9,598,000,000 and 86,402,283 respectively.


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These are some of the economic indicators which can effect the economy of a country.

There are also some social indicators which are:

Social Indicators

Health




Like in Croatia and China these are 1120 and 177 respectively. Which iscomparatively low as high level countries.

Literacy Rate:



educated they can help the economy of a country. The literacy rate of Middle level

countries is not very high than high level countries like UK, USA France the literacy

rate is very high but in Croatia, Poland it is comparatively low.

Transportation

Transport also an social indicator of a country. If the GOVT provide better facility to

the people for transportation they can increase their economy. People from one



is good. Croatia, Poland and China, they are providing better facilities to the people

for transportation so they can increase their economy.

Communication




and middle level countries are using advanced system to communicate. So people

can interact with each other and understand them to produce more things.


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Infrastructure

Infra structure also effect the economy. High level countries have better plan and



developing countries there is no planning.

Low Level

Economic indicators:

GDP Growth





rate of GDP. The GDP Pakistan, Sudan, Afghanistan and Vietnam is not as much

increasing as high level income countries and middle level from the last five years.

The GDP of low level countries is comparatively low than the both of those. Their

GDP is very low. In 2005 GDP of Afghanistan, Pakistan, Sudan and Vietnam, it was

260, 720, 590 and 620 but now it is 310, 1000, 1220 and 1000 respectively. This

indicator indicates the economy of a country, by how much rate it is increasing.

Inflation


there is decrease in inflation in a particular country. Like, in Pakistan it is increasing

from 7.9 to 13.6 and In Sudan 7.2 to 11.2 and in Afghanistan it is increasing from3.5 to -13.2 during last five years. In Low level countries it is increasing but In high

level countries it is decreasing. So it is an alarming situation for a country.

Employment

Employment also effect the economy of a country. It has negative effect on the



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will decrease due to increase in employment rate. Like in low level countries like

Pakistan, Sudan there are unemployment rate is very high.

Export


earn more and more income. It has +v effect on high level income countries. There

is decrease in rate of export in Afghanistan from 24 to 16 and in Pakistan 15 to 13

and their GDP also decrease. Exports also effect the economy of a country. The

economy of USA more strong due to more exports.

BOP:

BOP mean Balance of Payments which means what is the balance of payment in acountry. Payment increase or decrease in a country. These also has an effect on

economy of a country. If BOP increase then the economy of a country not growing

because they have to pay more than receipts. Like in Pakistan it is negative

-3,583,000,000 In Afghanistan it is -3,908,177,284.

These are some of the economic indicators which can effect the economy of a country.

There are also some social indicators which are:

Social Indicator

Health:




Like in Afghanistan and Pakistan these are 51 and 23 respectively. Which are extra

low than other countries like China, Croatia etc.

Literacy Rate:



educated they can help the economy of a country. The literacy rate of high level


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country is very high than other countries. Like UK, USA France the literacy rate is

very high but in low level country it is very low. People are not well educated here.

Transportation

Transport also an social indicator of a country. If the GOVT provide better facility tothe people for transportation they can increase their economy. People from one



is good. USA, UK and France they are providing better facilities to the people for

transportation. But in low level countries they are not providing better facilities for

transportation. People cant easily move from one place to another place. So the

right person for right place is not available.

Communication




countries are using advanced system to communicate. In low level countries they

have not better equipment.

InfrastructureInfrastructure also effect the economy. High level countries have better plan and



developing countries there is no planning. But in low level countries there is no

infrastructure there is no proper planning. So that why their GDP is low than other

countries.

economic & social indicators by ahsan ilahi

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