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