Question

(a) Find the GDP of Saudi Arabia (Current US Dollars) and (Constant 2011 US Dollars), Population...

(a) Find the GDP of Saudi Arabia (Current US Dollars) and (Constant 2011 US Dollars), Population of Saudi Arabia from 2016 to 2019. Using these two figures to obtain GDP per capita for 2016 to 2019 at Current US Dollars and at Constant 2011 US Dollars. Also, find the unemployment rate and inflation rate of Saudi Arabia from year 2016 to 2019. Note that it is compulsory to put your source of data at the bottom of the table, otherwise marks will be deducted.

Year

GDP (current USD)

GDP (constant 2011 USD)

Population

GDP per capita (current USD)

GDP per capita (constant 2011 USD)

Unemployment rate

Inflation rate

2016

2017

2018

2019

Source of the data:

(b) From all the figures obtained and calculated above which year would you consider as the best among these four years using GDP per capita.

Tip

Please note that GDP (at current USD) is nominal GDP while GDP (at constant 2011 USD) is real GDP and 2011 is the base year. However, if you can't find GDP (at constant 2011 USD) then use GDP (at constant 2010 USD) . These figures are available on different websites such as world bank, trading economics among others. You are not expected to calculate these two figures but obtain what's already in the data bank out there.

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Homework Answers

Answer #1
YEAR GDP(CURRENT USD) GDP (CONSTANT 2010 USD) POPULATION GDP PER CAPITA (CURRENT USD) POPULATION GDP PER CAPITA (CONSTANT 2010 USD) UNEPLOYMENT RATE INFLATION RATE
2016 644.936 billion 690.069 Billion 19875 21270 5.65% 2.05%
2017 688.586 billion 684.952 Billion 20804 20693 5.89% -0.83%
2018 786.522 billion 701.624 Billion 23219 20818 5.92% 2.47%
2019 779.289 billion 789.368 Billion 22865 23122 5.92% -1.05%

SOURCE OF DATA data.worldbank.org and tradingeconomics.com

b) After considering the above data we clearly say that per capita GDP is highest in 2018 i.e. 23219 so this year is consider to be best.

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