Question
Step 1 : The GDP values for China and Sudan are in their national currencies. Since we are
trying to compare these three countries in one analysis, we need to get all the monetary values
in US Dollars. So first convert the GDP values of China and Sudan to US Dollars using the given
exchange rate.
Step 2 : Then answer the following questions using the converted values.
1. Mean value of the GDP for US , Mean value of the GDP for CHINA , Mean value of the GDP
for SUDAN.
2. What can you tell about the Gross Domestic Production (GDP) Capacities between these
countries? Compare the above mean values and discuss the differences in these three
economies. (Use your general knowledge to enrich your answer).
UNITS SCALE COUNTRY NAME DESCRIPTOR 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 USA US Dollars Billions United States GROSS DOMESTIC PRODUCT 3536.67 3933.17 4220.25 4462.82 4739.47 5103.75 5484.35 5803.07 5995.92 6337.75 6657.4 7072.23 7397.65 7816.82 8304.33 8746.98 9268.43 9816.97 10127.9 10469.6 10960.7 11712.5 12455.8 Number of Persons Millions United States POPULATION 238.12 240.59 243.06 245.51 247.95 250.41 252.93 255.54 258.23 261.01 263.84 266.71 269.6 272.51 275.43 278.36 281.27 284.15 287 289.82 292.62 295.41 298.21 US Dollars Billions United States EXPORTS OF GOODS AND SERVICES 277 302.38 302.03 320.55 363.9 444.08 503.33 552.38 596.83 635.33 655.83 720.88 812.23 868.55 955.35 955.93 991.25 1096.28 1032.83 1005.92 1040.75 1178.13 1303.15 US Dollars Billions United States EXPORTS OF GOODS AND SERVICES 328.68 405.13 417.25 453.25 509.1 554.48 591.5 630.33 624.3 668.58 720.88 814.48 903.58 964.8 1056.9 1115.87 1251.75 1475.75 1399.85 1430.33 1540.15 1791.35 2019.85 Number of Persons Thousands United States EXPORTS OF GOODS AND SERVICES 100834 105005 107150 109597 112440 114968 117326 118793 117718 118492 120259 123060 124900 126709 129558 131464 133488 136891 136933 136485 137736 139252 141730 Number of Persons Thousands United States EXPORTS OF GOODS AND SERVICES 10716.7 8538.58 8311.5 8237 7424.75 6700.42 6520 7046.58 8628.17 9612.83 8940.33 7996.58 7404.33 7235.75 6738.83 6210 5880 5692 6801 8378 8774.25 8149.25 7590.58 CHINA Chinese Yuan Billions China GROSS DOMESTIC PRODUCT 621.62 736.27 907.67 1050.85 1227.74 1538.86 1731.13 1934.78 2257.74 2756.52 3693.81 5021.74 6321.69 7416.36 8165.85 8653.16 9096.41 9874.9 10897.2 12035 13639.9 16028 18670.1 Number of Persons Millions China POPULATION 1039.98 1054.64 1070.17 1086.77 1104.26 1122.05 1139.26 1155.31 1169.93 1183.3 1195.7 1207.6 1219.33 1230.98 1242.41 1253.51 1264.07 1273.98 1283.2 1291.84 1300.04 1307.99 1315.84 US Dollars Millions China EXPORTS OF GOODS AND SERVICES 22226 26139 27350 30942 39437 47516 52538 62091 71910 84940 91744 121006 148780 151048 182792 183712 194931 249203 266098 325596 438228 593326 761953 US Dollars Millions China IMPORTS OF GOODS AND SERVICES 21390 27410 42252 42904 43216 55268 59140 53345 63791 80585 103959 115614 132084 138833 142370 140237 165699 225094 243553 295170 412760 561229 659953 Number of Persons Thousands China EMPLOYMENT 488392 497654 498730 512820 527830 543340 553290 639090 647990 655540 663730 674550 680650 689500 698200 706370 713940 720850 730250 737400 744320 752000 760239 Number of Persons Thousands China UNEMPLOYMENT 2283 2311 2385 2644 2766 2960 3779 3832 3522 3603 4201 4764 5196 5528 5768 5710 5750 5950 6810 7700 8000 8270 8792 Yuans per US Dollar China Exchange Rate 1.98 2.8 3.2 3.72 3.72 3.72 4.72 5.22 5.43 5.75 5.8 8.45 8.32 8.3 8.28 8.28 8.28 8.28 8.28 8.28 8.28 8.28 8.07 SUDAN Sudanese pound Billions Sudan GROSS DOMESTIC PRODUCT 0.92 1.13 1.39 2.01 3.65 4.68 8.26 11.01 19.03 40.78 83.52 168.04 483.22 1021.71 1601.2 2193.36 2671.23 3143.32 3441 3963.81 4580 5540.06 6848.25 Units Millions Sudan POPULATION 22.06 22.75 23.38 23.96 24.49 24.99 25.51 26.07 26.67 27.3 27.97 28.66 29.35 30.06 30.78 31.5 32.21 32.9 33.57 34.21 34.86 35.52 36.23 US Dollars Millions Sudan EXPORTS OF GOODS AND SERVICES 623.54 628.69 373.89 333.32 503.92 509.08 671.78 374.1 305 319.3 417.3 502.6 555.6 620.3 594.2 595.75 780 1806.7 1698.7 1949.1 2542.2 3777.8 4824.3 US Dollars Millions Sudan IMPORTS OF GOODS AND SERVICES 1354.45 1146.75 770.73 960.9 870.98 1060.47 1002 618.5 890.3 820.9 944.9 1227.4 1218.8 1547.5 1579.6 1914.65 1415 1552.7 2300.9 2446.4 2881.9 4075.2 6756.8 Number of Persons Thousands Sudan EMPLOYMENT 2519 2584.9 2696.1 2703.3 2870.3 2899.5 2905.3 2979.7 2868.1 2969.4 3053.4 3128.8 3140.7 3249.1 3459.7 3641.9 3729.6 3684.7 3748.1 3888.2 4175 4757 4782.9 Number of Persons Thousands Sudan UNEMPLOYMENT 970 981 992 1018 903 937 939 963 1922 1845 1516 1591 1783 1845 2254 2279 2360 3160 3220 3550 3620 3520 3562 Sudanese pound per US Dollar Sudan Exchange Rate 0.13 0.13 0.25 0.25 0.45 0.45 0.45 0.45 1.5 13.51 21.74 40 52.63 144.93 172.21 237.8 257.7 257.35 261.43 261.68 260.16 250.63 230.54
Explanation / Answer
1. Mean value of GDP for US in billion dollars = $7409.762 billions
Mean value of GDP for China in billion dollars = $843.154 billions
Mean value of GDP for Sudan in billion dollars = $11.717 billions
2. US has got the maximum mean value over given data set with mean values $7409.762 billion, $ 843,154 billions and $ 11.717 billions for US, china and sudan respectively. Where as when it comes in terms of per capita income in terms of GDP Sudan leads the group with $ 45 986.74 followed by US $ 27 189.8 and china $ 4 985.687. US is best in GDP while Sudan is best in per capita income among these economies.
* The data sheet for calculations is given above.
1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Mean GDP of china in billion dollars 313.9495 262.9536 283.6469 282.4866 330.0376 413.672 366.7648 370.6475 415.7901 479.3948 636.8638 594.2888 759.8185 893.5373 986.2138 1045.068 1098.6 1192.621 1316.087 1453.502 1647.331 1935.749 2313.519 843.154 GDP of SUDAN in billion dollars 7.076923 8.692308 5.56 8.04 8.111111 10.4 18.35556 24.46667 12.68667 3.018505 3.841766 4.201 9.181455 7.049679 9.29795 9.223549 10.36566 12.21418 13.16222 15.14755 17.60455 22.10454 29.70526 11.7177 GDP of USA in billion dollar 3536.67 3933.17 4220.25 4462.82 4739.47 5103.75 5484.35 5803.07 5995.92 6337.75 6657.4 7072.23 7397.65 7816.82 8304.33 8746.98 9268.43 9816.97 10127.9 10469.6 10960.7 11712.5 12455.8 7409.762 per capita income of China 597.723 698.1245 848.155 966.9479 1111.821 1371.472 1519.521 1674.685 1929.808 2329.519 3089.245 4158.447 5184.56 6024.761 6572.589 6903.144 7196.128 7751.221 8492.207 9316.169 10491.91 12253.92 14188.73 4985.687 per capita income of sudan 41.70444 49.67033 59.45252 83.88982 149.0404 187.2749 323.7946 422.3245 713.5358 1493.773 2986.056 5863.224 16464.05 33989.02 52020.79 69630.48 82931.7 95541.64 102502.2 115867 131382.7 155970.2 189021.5 45986.74 percapita income of USA 14852.47 16348.02 17363 18177.75 19114.62 20381.57 21683.27 22709.05 23219.3 24281.64 25232.72 26516.55 27439.35 28684.53 30150.42 31423.26 32952.07 34548.55 35288.85 36124.49 37457.11 39648.29 41768.55 27189.8
