Country Comparisons Assignment Example | Topics and Well Written Essays - 750 words - 1

Country Comparisons - Assignment Example Japan has been experiencing declining birth rates together with low immigration rates over the last few years which have greatly contributed to the low population growth rate. Japan’s population is estimated to decline over the next coming years by about one million people each year (Connelly, 2008). United States has the best performing economy in the world with an annual average Gross Domestic Product of US$ 5337.70 billion. According to CIA World Fact book, United States GDP for the year ended 2011 was estimated at 17720 billion US dollars. This GDP has an annual average estimate growth rate of 3.25% with a 1.6% growth recorded in the year 2011 over 2010. Japan on the other side, has an annual Gross Domestic Product of US$ 2266.10 billion with an annual average growth of 2.15%. According to the CIA World Fact book, Japan’s 2011 GDP was reported to be US$ 5855billion with a growth of 0.6 percent over 2010. This shows that both countries have a high GDP as well as high growth rates (survey 2003), (CIA). Japan was reported to have a high per capita income of $39310 in December 2010. The average per capita income over the last few years has been $26593.62. United States on the other hand has an average per capita income of $25892.70 with $37,527 recorded for 2010 which is slightly below the Japan’s (Greenaway, 2012). United States has had an average inflation rate of 3.38% while Japan has had inflation rate of 2.97%. Japan recorded 0.3% inflation in February 2012 whereas United States recorded a 2.7% in March 2012 (CIA). Due to the adoption of China’s one-child policy, the population is reported to have a low population growth rate of 0.47 percent. This policy is the reason why the population consists majorly the aged. China is the most populous country in the world 1,226,718,015 people. This consists 20% of the world’s population.