Macroeconomic Exploration Project
Hong Kong, Brazil, Spain, Morocco
by- Uma, Giselle, Nadia, Amogh, and Whitney
Real GDP and population
Real GDP for 1990 and the population for that year
Spain
GDP: $ 520.400,000,000
Population: 38,836,000
Hong Kong
GDP: $76,928,290,841.9
Population: 5,674,114
Morocco
GDP: 310,831,586,793
Population: 24,675,365
Brazil
GDP: 461,951,782,000
Population: 146,917,459
Real GDP for 2000 and population
Spain
GDP: $ 582,000,000,000
Population: 40,263,000
Hong Kong
GDP: $171,668,164,082.6
Population:6,708,389
Morocco
GDP: 392,574,000,000
Population: 28,710,469
Brazil
GDP: 644,701,831,101
Population: 169,544,443
Real GDP for 2010 and population
Spain
GDP: 1,387,400,000,000
Population: 46,018,000
Hong Kong
GDP: $228,637,697,575.0
Population: 7,071,576
Morocco
GDP: 635,063,000,000.0
Population: 31,642,541
Brazil
GDP: 2,143,067,871,760
- Population: 192,755,799
GDP per Capita
Spain
1990
$13,399.94
2000
$14,454.96
2010
$ 30,149.07
Hong Kong
1990
$13,557.8
2000
$25,590.1
2010
$32,331.9
Morocco
1990
$1,259.68
2000
$1,367.36
2010
$2,006.99
Brazil
1990
$3,144.29
2000
$3,802.55
2010
$11,118.04
Categorization
Spain's current GDP per capita: 29,117.64 USD (2013), therefore it is characterized as a MDC, high income (barely).
Hong Kong’s current GDP per capita is 38,123.52 USD, therefore it is characterized as a high income.
Morocco's GDP per capita in 2013 is 3,314 USD, therefore it is characterized as a lower middle income.
Brazil's Current GDP per capita is 11,118.04, therefore it is characterized as a upper middle income.Growth Rate using GDP per Capita
Spain
1990-2000
7.9%
2000-2010
108.6%
Hong Kong:
1990-2000
103.78%
2000-2010
26.34%
Morocco
1990-2000
8.55%
2000-2010
46.78%
Brazil:
1990-2000
5.9%
2000-2010
- 102.56%
Characteristics of Economic Development
4 characteristics
Life expectancy
Literacy rate
Population growth
Unemployment
Spain
81.47 years (2014)
98% (2012)
-0.2% (2013)
24.4% (August 2014)
Hong Kong
83.48 years (2012)
93.5% (2014)
0.41% (2014)
3.1% (2013)
Morocco
76.51 years (2014 estimate)
67% (2011)
1.5% (2013)
9.5% (2013)
Brazil
73.62 years (2012)
91%(2012)
.9%(2013)
- 4.9%(2014)
Preconceptions: did anything surprise you?
Patterns: does the data "fit" the categories the countries fall in to?
Comparisons: what assumptions can you make and support when comparing GDP per capita?
What do you not know when making comparisons?
- Doesn't measure non-market goods (informal markets).
- Doesn't look at improvements of services and goods.
- Doesn't look at life expectancy.
- Doesn't include negative externalities.
- No information about the distribution of income.
- Doesn't take into account leisure time or quality life factors.
- Can be distorted due to domestic price levels.