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Economics indicators Introduction Three countries will be analysed in this assignment, they are Australia, which is a More Developed Country, Ethiopia, which is a Less Developed Country, and China, which is a Newly Industrialised Country. These countries will be analysed in five different parts and an explanation will be provided for each of these indicators. More then three sources have been used to find this information and some of it may be inaccurate. Human developed Indicators rank: Australia: 5 Ethiopia: 168 China: 96 by http://hdr.undp.org shows that countries have already been put into appropriate terms on the countries development. Terms MDC= More Developed Country LDC= Less Developed Country NIC= Newly Industrialised Country Economic Growth Ref as Table 1 Australia Ethiopia China GDP growth rate % 2.3% 7.3% 7.3% GDP 368.6 b 6.4 b 1.2 t GNI per Capita 19,770 100 890 Exports $68.8 b 442m 262.1b Services % to GDP 69.9 36.5 30.9 Agriculture added to % GDP 3.3 52.3 19.1 Industrial added to % GDP 26.8 11.1 50.0 Exports of goods and services% 20.1 15.8 23.1 Imports goods and services % 21.0 24.9 18.1 Indicators: Bibliography As the three countries show, these indicators prove that in Ethiopia and China that there is rapid growth especially in the Chinese embassy where the GDP is 1.2 Trillion. However, this GDP is not evenly distributed in China as Australia is. For $368.6 b and the distribution of $19,770 shows the advantages of a more ‘evenly’ distributed income flow in Australia. Also, it shows that Ethiopia shares more of its GDP as it only makes about $6.4b of it and $100 is a more even amount then the 1.2 Trillion for $890 each. Also, as can be seen, the countries creation of GDP varies greatly, in Australia, its GDP is more evenly created besides from agriculture. As can be seen in Ethiopia, they still concentrate more then half of their GDP products into Agriculture neglecting the other percentages into small groups. China, as it has begun industrialising has concentrated more on industrial production and also leaving limited space for the others. So, Australia could sum as a country in which is a even type economy, Ethiopia concentrates on raw materials and are primary producers whereas China is more of a secondary industry with raw materials.
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