GDP and some points in Sydney
GDP is the most frequent term in Macroeconomics. Goss Domestic Product is a measure of the value of goods and services produced in a year in a country. There is another way of explaining GDP. The total amount of income/expenditure in a year in a country.
Based on the data in CIA FACTBOOK, GDP per capita in Australia in the year 2006 was equal to $33,300. GDP per capita is The GDP of a country divided by its total population.
Before living in Australia, I was wondering how GDP per capita is so high in some countries. People in the countries with high GDP per capita are not concerned about their basic needs. Food and clothes can be purchase from the first percentile of the salary and the rest of the wealth would be consumed on traveling products, luxuries, art and the like.
Recently I observed that wealthy people in Sydney are very interested in aboriginal arts. The residual money (after purchasing basic needs) would be spent on aboriginal arts and antiques. Amazingly the old wooden stuff (nearly 100 to 200 years old) is very precious in here and again a considerable amount of money would be allocated to that.
In general, setting up a business is easier in a country with high GDP as people have more liquid money and are more willing to buy.
4 comments:
Dear friend,
Do you have any information about GPD in iran and other countries and can you copare them. I would be gratful if you can inform me about our country situation in this field.
Many thanks
Yes sure. I try to compare them based on my knowledge. Like: how people make money in here and Iran. But for me the interesting part is related to the way that we (Iranians) spend our capital. Like: what we usually do with our wealth after covering our basic needs or stuff like that.
I believe culture of people in here especially in environmental issues has had a great impact on their economy. I try to write more about that
Cheers
Hi,
i got a question, do you FOREX? :)
many thanks
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