Country Economic Analysis Report
I have compared the United States to China. I have learned that almost everything compared the United States is higher rated then China. Some area there is a big difference and in others there is only a smaller difference.
The GDP for the United States was estimated at 16.72 trillion in 2013, 16.47 trillion in 2012 and 16.02 trillion in 2011. The per capita GDP was estimated in 2013 at 62,800. The GDP growth rate was estimated at 1.6% in 2013, 2.8% in 2012 and 1.8% in 2011.The GDP composition by sector was estimated in 2013 for agriculture at 1.1%, industry at 19.5% and services at 79.4%. The labor force was 155.4 million. Labor force by occupation was listed as forestry, fishing and farming at 0.7%, manufacturing, extraction, transportation and crafts at 20.3%, managerial, professional and technical at 37.3%, sales and office at 24.2% and other services at 17.6%.The population below poverty line was estimated at 15.1% in 2010. The unemployment rate was estimated at 7.3% in 2013. The inflation rate was 1.5% in 2013.
The GDP for China was 13.37 trillion. The per capita GDP was 9,800. The GDP growth rate was 7.6%. The GDP composition by sector was agriculture 9.7%, industry 45.3% and services 45%. Labor force was 797.6 million. Labor force by occupation was listed as agriculture 34.8%, industry 29.5% and services 35.7%. The population below poverty line was 13.4%. The unemployment rate was 6.4%. The inflation rate was 2.6%.
When comparing the two countries China has a higher farming and agriculture rate. Also China has a lower unemployment rate. In most other areas like the per capita the United States out beat by a large marginal. China may have less GDP but their services and people working is much higher than the United States.
I would say China has a very good overall well-being. They score low in some areas but they are hard workers and have a much lower unemployment rate which means more people are willing to work and...