United States

Subject
GDP (Purchasing Power Parity) (Trillions)
GDP- Real Growth Rate
GDP - Per Capita (PPP)
Gross National Saving: % of GDP
Industrial Production Growth Rate
Labor Force (Millions)
Population Below the Poverty Line
Unemployment Rate
Gini Index
Taxes and other revenues: % of GDP
Budget Surplus (+) or Deficit (-)
Public Debt: % of GDP
Inflation Rate (Consumer Prices)
Exports: (Billions)
Imports: (Billions)
Population (Millions)
Life Expectancy at birth
Total Fertility Rate
Health Expenditures: % of GDP
Education Expenditures: % of GDP
Freedom Index
Human Development Index

China

Australia

17.97
19.7
2.6%
6.9%
$56,300
$14,300
18.2%
47.9%
3%
6.00%
156.4
806.3
15.10%
6.10% N/A
5.20%
4.00%
45
46.9
18.10%
22%
-2.40%
-3.40%
73.60%
15.30%
0.20%
1.40%
$1,598.00
$2,143.00
$2,347.00
$1,576.00
321.4
1,374
79.68
75.5
1.87
1.6
17.10%
5.50%
5.20% N/A
75.4
52
0.915
0.727

Freedom Index

Philippines

1.141
2.4%
$47,600
22.1%
2%
12.5
6.10%
30.3
34%
-1.70%
44.20%
1.50%
$188.30
$207.70
22.9
82.2
1.77
9.40%
5.30%
80.3
0.935

1.87

39.5549
$125,500

$17.97 T

1016.96

United States

1820.4

$56,300

United States

3.06
63.1

52

GDP (Pu

Total Fertility Rate

80.3

75.4

0.7439
5.9%
$7,300
23.4%
6.00%
41.76
25.20%
6.30%
46
15.90%
-0.90%
44.80%
1.40%
$43.28
$64.97
103
69.2
3.06
4.70%
2.70%
63.1
0.668

Total

1.6

1.77

80.3

75.4

3.06
63.1

52

United States

China

1.87

Australia
United States

1.6

Philippines
China

1.77

Australia

Philippines

Analysis:
Population: China: 321.4, Australia: 22.9
Looking on the World Factbook, we find that China's area is 9.5 million sq km and Australia's land mass is 7.7 million sq km. While not as close as the US and
Australia and Chins in population is nearly 1.4 billion people. Looking at the geography of the respective countries, Australia's climate is mostly made up of un
more lush, habitable climates. China, in the past, has also had issues regarding their population. Because of so many people, they have resource scarcity in regar
one-child policy to decrease the rising population which was having a negative effect on the economy.

Industrial Production Growth Rate: US: 3%, Philippines: 6%

In the Philippines, they have been in the transition from being an agriculture-based economy to an economy that does more manufacturing. The US, which has a
Revolution from the 1800s. In fact, now the US has had a declining manufacturing industry as countries like the Philippines are able to offer production costs th
people losing their jobs, the lower production costs mean lower prices for consumers. For example, the manufacturer Carrier was going to outsource like describ
else. This most likely would have led to lowered prices for their product, however President-elect Trump convinces Carrier to stay through taxes. Carrier did say
however, are benefitting greatly from this outsourcing, as its Industrial Production Growth Rate is rising.

GDP- Real Growth Rate: US: 2.6%, Philippines: 5.9%

As stated above, the Philippine industrial sector is now growing at a 6% rate. Similarly, the Philippine GDP growth is at 5.9%. In the past, the Philippines had c
president Marcos, who was very much dictatorial. However, since that administration ended, the Philippines became more economically liberalized with more e
leading to this GDP growth rate. However, as also mentioned above, with the election of Duterte, which is shaping up to be another dictatorial regime, will the G
For example, earlier this year Duterte was threatening trade between them and the US, as well as other countries. I trade were to decline because of this, the eco

Population below the Poverty Line: US: 15.10%, Philippines: 25.20%

To fine that a quarter of the Philippine population lives below the poverty line was a shock. They also have has rising drug and crime rates as well. Which may
Duterte won his election with promises of ending the crime that plagued the areas, pledging to kill thousands of criminals. As president, he has supported death
street children, children who are in poverty and live and/work in the streets to earn money. Already the Philippines have been flagged for human rights violatio
in regards to it. Philippines has also had a notable history with have an insufficient or ineffectual criminal justice system. Im not sure what Dutertes affect will
good.

in regards to it. Philippines has also had a notable history with have an insufficient or ineffectual criminal justice system. Im not sure what Dutertes affect will
good.

United States2
China3
Percents
of Total
GDP
(Purchasing
Power
45%
50%

Australia4

Phillipines5

3%

2%

Parity) (Trillions)

$19.70 T

$17.97 T

Population (Millions)
China; 1,374

45%

11%

38%

6%

15%

79%

1%

4%

United States; 321

United States

$1.14 T

China

Australia

Australia; 23
$0.74
T
Philippines

GDP - Per Capita (PPP)

18%

75%

1%

United States

China

Australia

Population Below the Poverty L

6%

Philipp

$56,300

nited States

Phili

$47,600
United States; 15.10%

China; 6.10%
$14,300
$7,300
China

Australia

Philippines

United States

China

Australia

Labor Force (Millions)

China; 806.3

as the US and China in regards to area, the disparity between

made up of uninhabitable desert. China has many forests and
scarcity in regards to sustain their people, so they instituted the

US, which has already gone through this period in our Industrial
duction costs that are much lower. Though this is a threat to
urce like described above, moving its manufacturing somewhere
. Carrier did say, but they did raise their prices. The Philippines,

hilippines had corruption when under the regime of its previous

zed with more elements of free market business ultimately
egime, will the GDP start to decline? My prediction is that it will.
of this, the economy would suffer as consumer prices rise.

ll. Which may be why they had election Duterte as president.

upported death squads killing suspected criminals and even
n rights violations, and time will tell on what is going to happen
rtes affect will be on his economy, but in my opinion it wont be

Labor Force (Millions)

China; 806.3

United States; 156.4

Australia; 12.5Philip
United States

China

Australia

rtes affect will be on his economy, but in my opinion it wont be

s)

Philippines; 103
Philippines

erty Line
Philippines; 25.20%

ns)

Philippines

ns)

2.5Philippines; 41.76
Philippines

Reflective Summary:

I think that he Philippines have a good start to becoming a great economy in the future. It has already increased
exporting and trade with other countries, and the GDP is growing as a good rate. What worries me is the election of Dut
Will the election of such a controversial person as a leader affect the economy so much it will go into a recession? The
Philippines has had a lot of good growth in the last several decades and was (or still is) projected to be a significant
competitor in the Asian manufacturing markets. Its movement away from agriculture and into manufacturing helped to
advance its economic progress.

With President Duterte I feel like he will cause some negative affects to his economy. A major concern is his dea
squads, whose actions have been favored by the president. President Duterte has been getting approval from his people o
taking this extreme stance on crime and drugs. In the last few years, the drug use and crime rates have been rising, and
understandably the citizens of the Philippines wanted something to be done about it. The resulting death squads have be
flagged for obvious human rights violations. Eventually the goodwill of those who elected him will turn as they realize t
with no official criminal justice system, there will be no security in going to the police who could arbitrarily kill you wit
evidence with the approval and pardon of the President.

On the other hand, he is also inflammatory in his speech in regards to neighboring and powerful countries. With
present human rights violations with his death squads and his incendiary speeches, hes driving the rest of the world to
isolate the Philippines. One of the most effective ways, and the one that is most likely to be used, is a rise in trade barrie
with the country. As mentioned, its manufacturing industry is what is majorly responsible for the past years economic r
If the countries it exports to suddenly raise tariffs or other trade barriers, it will stagnate the rising industry.

In my opinion I see the President Duerte is going to hinder the economy. The people of the Philippines may hav
impeach or somehow corral the actions of their president in order for the economy to rise as before. They need to mainta
their growth in manufacturing by getting more trading partners, and not denying trade with countries willing to buy.

e. It has already increased its

s me is the election of Duterte.
go into a recession? The
cted to be a significant
manufacturing helped to

A major concern is his death

approval from his people on
ates have been rising, and
lting death squads have been
m will turn as they realize that
ould arbitrarily kill you with no

d powerful countries. With the

ng the rest of the world to
sed, is a rise in trade barriers
the past years economic rise.
sing industry.

of the Philippines may have to

before. They need to maintain
ountries willing to buy.