USA economy comparison to the world

1. List the five Countries in the world projected to have the largest populations in 2050.

Following are the five countries:

1. India
2. China

• United States

1. Nigeria
2. Indonesia
3. List the five countries that currently export the most products to the United States.

Following are the five countries:

1. China
2. Canada

• Mexico

1. Japan
2. Germany
3. List the five countries that currently import the most products from the United States.

Following are the five countries:

1. Canada
2. Mexico

• China

1. Japan
2. Germany

 

4. Life span is a measure of individual prosperity in a country. What is the average life span in each of the five largest countries in the world? In each of the five largest exporters to the United States? In each of the five largest importers from the United States?

Life span in different countries in years:

68. India: 68.3
69. China: 76.1

• Mexico: 76.4

79. Japan: 79.3
80. Canada: 82.2
81. Germany: 81

• Nigeria: 54.5
• Indonesia: 68.5

 

5. Gross domestic product (GDP) per capita is a measure of a country’s economic health. What is the GDP per capita, in U.S. dollars, of each of the world’s five largest countries? Of each of the five largest exporters to the United States? Of each of the five largest importers from the United States?

GDP in different countries in billions of U.S. dollars:

1. India: 2,288
2. China: 11,383

• Mexico: 1,082

1. Japan: 4,412
2. Canada: 1,462
3. Germany: 81

• Nigeria: 537
• Indonesia: 936

 

6. What are the implications for your firm? What for example. Do the data suggest about desirability of various countries as current trading partners? What do the data suggest about the desirability of the same countries as future trading partners?

The data suggests that China is going to be the largest economy in the world within the few decades. At current China is a good country to export from while Canada is a good country for both experts and imports.