Us Economy Ppt..ift Ppt

Presented By: Saurabh Dhawan Nitin Chaudhary Anuj Dawar Niketa Datta Varun Dhingra Vidhu 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 partners

Canada 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)

European Economy 

GDP – 18.493 billion euros



Budget – 862 billion euros between the year 2007 – 2013



Gross Product (27 member states) - Luxemburg (highest) - Bulgaria (lowest)

EU 15 GDP Growth rates 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

New member 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

10.2

11.2

7.1

3.0

4.1

3.9

1.3

2.5

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

 Estonia  Hungary  Latvia



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

Conclusion