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Developing Economy: Pakistan, Developed Economy : France - Coggle Diagram
Developing Economy: Pakistan
22nd largest economy in the world in terms of purchasing power
45th largest in terms of nominal gross domestic product.
population of over 200 million
an emerging economy which is semi industrialised
primary export commodities such as textiles, leather, sporting goods and chemicals
GDP per capita = $1,375
Pakistan has high poverty levels
inflation rate = 8.2%( august 2020)
GDP = $284 billion
lower middle income economy
Pakistans unemployment rate sits at 48.9% as of 2020
main export partners are USA, China, UK and UAE
Pakistans economy has been characterised as unstable and highly vulnerable to internal and external shocks
Pakistan economy has been unfree since inception of index in 1995. gap growth has increased in previous years led by exports of cotton textiles
IN 2020 Pakistans Per Capita Income fell from $1625 to $1325
Pakistans economy suffered negative growth for the first time in years due to coronavirus pandemic
Pakisatan has a lack of investments this results in lack of job opportunities
Currency - Pakistani rupee exchange rate - 100 rupees = 62 us cents
Developed Economy : France
France has gross domestic product of $2.716 trillion
Frances unemployment rate is at 6.9% as of July 2020
Economy has a gap growth rate of 1.5% annual change
France is a member of the European union
Has a mixed economic system which includes variety of private freedom combined with centralised economic planning and govt regulation
France has one of the strongest economies in the world
leading economy in automotive, aerospace and railway sectors aswell as cosmetics and luxury goods
Classed as a wealthy high income nation
5th largest economy in the world
ranked 34th amongst 45 countries in European region
Europes second largest economy
France has a population of over 67 million
France gap growth rate is 1.8%
ranked 20th In gap per capital ranking 2020
economy holds an inflation rate of 0.8%
main export partners are Germany, Spain and italy
Paris a leading global city has one of largest city gap in the world
entered recession in 2000s however left fairly quickly
one of wealthiest countries in the world