Future prospects for EU and Mercosur Trade Agreement Case Study Solution
Per Capita GDP:
Figure 1.1 shows the per capita Gross Domestic Product (GDP) of Brazil form the year 1960 to 2018. In 2018, its per capita GDP was approximately 8,921 current United States dollars while its highest per capita GDP in the year 2011 was approximately 13,246 current United States dollars. That means, Brazil’s per capita GDP is decreasing since the year 2011 and expected to decrease further in upcoming years (The World Bank, 2019).
Figure 1.1: Per Capita GDP of 2011 and 2018
Current GDP and GDP Growth:
Figure 1.2 is showing the current Gross Domestic Product (GDP) of Brazil form the year 1960 to 2018. In 2018, its GDP was approximately 1.869 trillion current United States dollars while its highest GDP in the year 2011 was approximately 2.616 trillion current United States dollars. That means, Brazil’s GDP is decreasing since the year 2011 and expected to decrease further in upcoming years. The GDP growth of Brazil in the year 2018 is 1.118 percent which is considered very low against the comparison of the year 2010 in which it was around 7.528 percent (The World Bank, 2019).
Figure 1.2: Current GDP and GDP Growth
1.1.4 Industrial Changes:
In occasionally balanced arrangement, the national mechanical yield fell 0.3% in July 2019 against June, and the third negative outcome in succession. The aggregate misfortune in this period was 1.2%. In occasionally un adjusted arrangement, the industry withdrew 2.5% contrasted and July 2018, subsequent to dropping 5.9% in June. The aggregate list in the year remained at – 1.7%. The aggregate rate in the course of the most recent a year (- 1.3%) indicated out lost pace against the consequence of June (- 0.8%) and kept up the dominatingly descending way began in July 2018 (3.2%). The information are from the Monthly Industrial Survey – PIM-PF Brazil. See the total production and more data in the help material(Economic Statistics, 2019).
Argentina:
Population Growth:
Further censuses in the principal half of the twentieth century taken in 1914 and 1947, yet by 1960 the nation had sunk into an example whereby the studies were completed at regular intervals. The 1960 evaluation demonstrated that numbers had developed to 20,013,793 and Argentina has kept up steady development to the present day(World Population Review, 2019).
Per Capita GDP:
Figure shows the per capita Gross Domestic Product (GDP) of Argentina form the year 1962 to 2018. In 2018, its per capita GDP was approximately 11,653 current United States dollars while its highest per capita GDP in the year 2017 was approximately 14,592 current United States dollars. That means, Argentina’s current per capita GDP is more than the current per capita GDP of Brazil (The World Bank, 2019)
Current GDP and GDP Growth:
Figure is showing the current Gross Domestic Product (GDP) of Argentina form the year 1962 to 2018. In 2018, its GDP was approximately 518.475 billion current United States dollars while its highest GDP in the year 2017 was approximately 642.696 billion current United States dollars. That means, Argentina’s GDP is decreasing since the year 2017. The GDP growth of Argentina in the year 2018 is -2.515 percent which is considered very low against the Brazil’s GDP growth in the year 2018 which is 1.118 percent approx. (The World Bank, 2019).
Chile:
Population Growth:
In 2010, figures were discharged in connection to the birth and demise rates inside Chile. They indicated a general common development figure of 0.856%. This figure was determined utilizing measurements of 14.46 births per 1000 of the populace and 5.9 passing per 1000. This is still development in each feeling of the word yet it is extensively decreased in contrast with increments recorded previously(World Population Review, 2019).
The decrease in populace development is likewise caused somewhat by a moderately high future in Chile contrasted with the remainder of the world, with the nation positioning 28th around the world. The general hope is 80.1 years and this is separated between male (77.1 years) and female (82.9 years). The ripeness rate additionally dropped from 2.6 in 1990 to 1.8 in 2013. In spite of the lower populace development, movement has been on the ascent. From 2002 to 2009, legitimate movement alone hopped by 91 percent.
Per Capita GDP:
Figure shows the per capita Gross Domestic Product (GDP) of Chile form the year 1960 to 2018. In 2018, its per capita GDP was approximately 15,923 current United States dollars which is its highest per capita GDP in current United States dollars. That means, Chile’s current per capita GDP is more than the current per capita GDP of Brazil and Argentina which was approximately 8,921 and 11,653 current United States dollars respectively(The World Bank, 2019).
Current GDP and GDP Growth:
Figure is showing the current Gross Domestic Product (GDP) of Chile form the year 1960 to 2018. In 2018, its GDP was approximately 298.231 billion current United States dollars which is its highest GDP in current United States dollars. The GDP growth of Chile in the year 2018 is 4.025 percent which is considered very high against the comparison of the Brazil’s GDP growth in the year 2018 which is 1.118 percent approx. and the Argentina’s GDP growth in the year 2018 which is -2.515 percent approx. (The World Bank, 2019).
Uruguay:
Per Capita GDP:
Figure shows the per capita Gross Domestic Product (GDP) of Uruguay form the year 1960 to 2018. In 2018, its per capita GDP was approximately 17,278 current United States dollars which is its highest per capita GDP in current United States dollars. That means, Uruguay’s current per capita GDP is more than the current per capita GDP of Brazil, Argentina and Chile which was approximately 8,921, 11,653 and 15,923 current United States dollars respectively (The World Bank, 2019).
Current GDP and GDP Growth:
Figure is showing the current Gross Domestic Product (GDP) of Uruguay form the year 1960 to 2018. In 2018, its GDP was approximately 59.597 billion current United States dollars which is its highest GDP in current United States dollars. The GDP growth of Uruguay in the year 2018 is 1.62 percent which is nearest to the Brazil’s GDP growth in the year 2018 (The World Bank, 2019)
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