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)

petroleum, steel, motor vehicles, aerospace, telecommunications,

chemicals, electronics, food processing, consumer goods, timber,
Main industries mining, defense
Exports $1.149 trillion f.o.b. (2007 est.)

Canada 21%, Mexico 12%, China 6%, Japan 5%, United Kingdom
Main Export partners 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
 % GDP Growth
Member State
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
 % GDP Growth
Member State
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

 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