Country Comparisons Assignment Example | Topics and Well Written Essays - 500 words

Country Comparisons - Assignment Example The GDP (purchasing power parity) of U.S.A in Billion $ is 14660 while that of Japan is 4310 in the same currency. These statistics are for the year 2008. Both countries are industrialized; however, Japan’s government seems to have a smaller population to plan for as compared to the U.S.A. The GDP growth rate of Japan is 3.9% and that of U.S.A is 2.8%. This may be due to the smaller population that Japan has to plan for (Indexmundi, 2011). India is one of the most densely populated countries; however, with a population of 1,189,172,864, this is slightly lower than the population of China which stands at 1,336,717,952. India’s population grows at a higher rate 1.34 percent, as compared to China’s 0.49 percent. Still considering the two countries on the aspect of economy, India posts a GDP of 4,060 in Billion $, on the other hand, China has a GDP of 10, 090. However, both countries GDP grows at an almost similar rate with India having a GDP growth rate of 10.4% and China 10.3%. This is probably due to the two countries differences in GDP (Indexmundi, 2011). Another country that is in focus is Saudi Arabia which has a population of 26,131,704 people. This population grows at the rate of 1.54 percent which is the highest compared to that of the United States, Japan, China and India. The GDP of Saudi Arabia in the year 2008 was 622 Billion $, signifying a growth rate of 3.7 percent (Indexmundi, 2011). Mexico, a country neighboring the United States has a population of 113,724,224 which grows at the rate of 1.1 percent. Looking at the economy of the country, it has a Gross Domestic Product of 1,567 in Billion Dollars; the countries’ economy grows at the rate of 5.5 percent, which is the highest of all the countries discussed (Indexmundi, 2011). Despite the fact that Japan has a lower GDP compared to the United States, its economy is growing at a faster rate than the United States, with 3.9