Economic indicators

- These economic indicators show how much is the development regarding economy in
each country.
1. GDP
- Gross Domestic Product
- All the proceeds from products and services on the area of a country.
- We can compare the GDP in a given country by the aspect of data in another years.
This way the GDP indicates the amount of economic growth or decline.
We measure this growth in percentages according to the previous year.
2. GNI
- Gross National Income
- The total proceeds earned by people and businesses of the country
- For some nations this is a more accurate indicator than GDP.
- Calculation: to GDP we add the total value of exports and we subtract the prizes of
import

3. Comparison

- For international comparison: GDP/ GNI per capita in a country

- Currency: euro/ dollar – > better comparison
- the exchange rate isn’t equal with the purchasing power -> Purchasing Power Parity
- huge differences according to per person regarding the countries of the world
Not much proceeds - < about 1000 S/capita
Little More proceeds – about 1000 - 12000 G Developing Countries
N
Lot of proceeds - > about 12000 Developed countries
I
4. Most developed countries regarding GDP
1. Luxembourg
2. Ireland
3. Switzerland
4. Qatar
5. Norvay
6. Singapore
7. US
8. Iceland
9. Australia
10. Denmark