Comparative Analysis of the Economies of Germany and the United Arab Emirates
University of Wollongong in Dubai
Faculty of Business
TBS 905 – Economic Analysis of Business
Instructor: Dr Asima Shirazi
The Economies of Germany and the United Arab Emirates: A Comparative Analysis
Submitted by: Albert Ndaya AGHARIH (4681447)
Date: 3rd December 2014
Abstract
Economic stability and growth is the primary goal of every business and government in all countries in the world. In this write up, we shall examine some of the economic indicators over a ten year period (2003 to 2012) that affects the economies of the United Arab Emirates (UAE) and Germany. We shall analyze how world development indicators impact their respective economies as well as the private business establishments that operate in them. The Gross Domestic Product (GDP), which is the backbone for economic analysis for each country shall be analyzed and compared to see which of the two is more viable economically. These findings will end with a conclusion on the way forward to each country to gain and maintain economic stability to guarantee growth.
TABLE OF CONTENT
1. INTRODUCTION ------------------------------------------------------------------------------ 3
2. . A Comparative Analysis of the Germany and UAE Economies --------- 4
2.1 GROSS DOMESTIC PRODUCT (GDP) ----------------------------------------- 4
2.2 GOVERNMENT EXPENDITURE ------------------------------------------------- 5
2.3 INFLATION, GDP DEFLATOR (ANNUAL %) ---------------------------------- 6
2.4 EXPORT OF GOODS AND SERVICES ------------------------------------------ 7
2.5 IMPORT OF GOODS AND SERVICES --------------------------------------------- 8
2.6 UNEMPLOYMENT ----------------------------------------------------------------------- 9
2.7 LABOUR FORCE ------------------------------------------------------------------ 10
3. BUSINESS ENVIRONMENT
Faculty of Business
TBS 905 – Economic Analysis of Business
Instructor: Dr Asima Shirazi
The Economies of Germany and the United Arab Emirates: A Comparative Analysis
Submitted by: Albert Ndaya AGHARIH (4681447)
Date: 3rd December 2014
Abstract
Economic stability and growth is the primary goal of every business and government in all countries in the world. In this write up, we shall examine some of the economic indicators over a ten year period (2003 to 2012) that affects the economies of the United Arab Emirates (UAE) and Germany. We shall analyze how world development indicators impact their respective economies as well as the private business establishments that operate in them. The Gross Domestic Product (GDP), which is the backbone for economic analysis for each country shall be analyzed and compared to see which of the two is more viable economically. These findings will end with a conclusion on the way forward to each country to gain and maintain economic stability to guarantee growth.
TABLE OF CONTENT
1. INTRODUCTION ------------------------------------------------------------------------------ 3
2. . A Comparative Analysis of the Germany and UAE Economies --------- 4
2.1 GROSS DOMESTIC PRODUCT (GDP) ----------------------------------------- 4
2.2 GOVERNMENT EXPENDITURE ------------------------------------------------- 5
2.3 INFLATION, GDP DEFLATOR (ANNUAL %) ---------------------------------- 6
2.4 EXPORT OF GOODS AND SERVICES ------------------------------------------ 7
2.5 IMPORT OF GOODS AND SERVICES --------------------------------------------- 8
2.6 UNEMPLOYMENT ----------------------------------------------------------------------- 9
2.7 LABOUR FORCE ------------------------------------------------------------------ 10
3. BUSINESS ENVIRONMENT
References: Farnham, P. G., (2014) Economics for Managers, 2nd edition, London: Pearson. Heritage (2013) German Economy: Facts, Population, GDP, Inflation, Unemployment, Business, National Bureau of Statistics (2014) [Online] Available from: http://www.uaestatistics.gov.ae/ [Accessed: 24th November 2014]. http://www.tradingeconomics.com/germany/gdp-growth-annual. Accessed on 29th November 2014 The World Bank (2014) [Online] Available from: http://data.worldbank.org/ [Accessed: 20th November 2014] The World Bank (2014) [Online]. Available from http://databank.worldbank.org/data/views/variableSelection/selectvariables.aspx?source=world-development-indicators#s_g