All Entries in the "Economy" Category

Economy of India 2010: India is a country, constituting about one-fifth of the total population of this financially crunched global world. India is rich in variety of weather, people and culture–the elements necessary for making progress by leaps and bounds. The second, population wise, biggest country India, have both prose and cons of her human resources, but been utilizing she has been utilizing the available manpower efficiently since the very inception of 1990s by letting herself to be an open market economy. The growth rate of India economy was averaged 7% between 1990 and 1997. Despite of India’s attachment was achieved through the open economy strategy, India is continuously going up on the graph of economic growth except the years eclipsed by the global financial crises 2007-08. From 2009, again, economic growth is in an increasing order. (more…)

National Finance Commission: Article 160 of the constitution of Pakistan says that after every five years the president shall constitute a National Finance Commission. This National Finance Commission will review the formula for the distribution of funds, taxes and other monetary assets among the Center and the Provinces and among the four federating units of Pakistan namely, Punjab, Sindh, Balochistan, Khyber Pakhtunkhawa. (more…)

There are seven types of banks in pakistan namely, Public Sector Banks, Islamic Banks, Private Banks, Foreign Banks, Development Financial Institutions, Specialized Banks and Micro Finance Banks. Under these seven catgories there are 54 banks in Pakistan and following are the top ten 10 biggest ones. The list and assets of these major banks of Pakistan have been given here. (more…)

The economic survey of Pakistan 2009-2010 has shown a meagre increase in per capita income of Pakistan. This is only a 0.4% rise according to the economic survey of Pakistan which was release by Ministry of Finance, Pakistan.
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International market has experiencing surge in Gold Price since a year. On February 11, 2010 in London gold market rose to a near one week high at $ 1,090.85 an ounce. This surge implies the following reasons.
(1)    Downfall in the value of dollar.
(2)    Rising demand of gold jewellery.
(3)    No new reserves of Gold are being searched.
SPDR Gold trust said that gold could test new high in the coming months if the dollar remained on a week trend. It is a quoted as a consequence of 2008 economic meet down 2010 is said to be much more economic driven so dollar would not show influence. It will be more closely aligned with supply and demand. (more…)

Europe is the 6th largest continent with 35 boundary divisions. Out of these 35 countries, following are the top ten 10 richest countries with respect to GDP PPP(Purchasing Power Parity) per capita. (more…)

Export is a legal process of selling some goods or products from one country to another. The progress of any country depends upon the number of products it is exporting to other countries.

	China is largest exporter and the largest trading nation in the world. China earned a revenue of 1.2 trillion dollars in 2009. China is ranked as the  major exporter in the world in industrial outputs. Major industries include mining and ore processing, iron and steel, aluminum, coal, machinery, automobiles and other transpiration equipment including rail cars, electronics and toys.
	Germany is the world’s second top exporter with $1187 billion exports in 2009. Germany is the leading producer of wind turbines and solar power technology in the world. Germany has also the largest national economy in Europe and the fourth largest by nominal GDP in the world.
	United States:- The united states is the third largest exporter and also the largest importer of goods in the world. Its revenue from exports was 994.7 billion dollars in 2009. USA is the world’s number one producer of electrical goods and nuclear energy, it also produces liquid natural gas, sulphur, phosphates and salt.
	Japan is ranked as the forth largest exporter in the world. Japan’s exports amounted to 516.3  billion U.S dollars per capita. Japan’s main export markets are the United States 22.8%, the European Union 14.5%, China 14.3%, South Korea 7.8%, Taiwan 6.8% and Hong Kong 5.6%. Japan’s main exports are transportation equipment, motor vehicles, electronics, electrical machinery and chemicals.
	France:- France is the world’s fifth largest exporter. Its total export amounted to $ 457.8 billion. Machinery, transportation equipment, pharmaceutical products and chemicals are its main export goods. Main export partners of France are Germany 14.7%, Spain 9.6, Italy 8.7%, United Kingdom 8.3% and United States 7.2%.
	Netherlands is the sixth largest exporter of goods in the world with an estimated revenue of $ 398 billion. The major exports of Netherlands are agricultural products. A significant portion of Dutch agricultural exports are derived from fresh-cut plants. Howere, with the Netherlands exporting two-thirds of the world’s total. It also exports a quarter of all world tomatoes, and one-third of the world’s Exports of peppers and cucumbers.
	Italy is the world’s sixth largest exporter of manufactured as well as raw goods. From exports 369 billion dollars were generated as revenue last year. This capitalistic economy remains divided into a developed industrial north, dominated by private companies, and a less developed agricultural south. Its major exports are motor vehicles (Fiat Group, Aprillia), chemicals, and electric technology, but the country’s more famous exports are in the fields of fashion, food industry, luxury and motor yachts.
	South Korea is the eighth largest exporting country earning a revenue of $ 355.1 billions in 2009. South Korea has achieved rapid economic growth through exports of manufactured goods, and is one of the four major Asian Tigers. Major industries in South Korea today are automobiles, semiconductors, electronics, shipbuilding and steel. South Korea’s shipbuilding industry is the largest in the world. In 2010 the ship industry  exports have gone record high.
	United Kingdom is the 9th largest exporting country in the world and the fourth largest in Europe, and total revenue from exports  is 351.3 billion. The British motor industry is a significant part of this sector, although it has diminished with the collapse of the MG Rover Group and most of the industry is foreign owned. Civil and defence aircraft production is the second largest defence contractor in the world. The chemical and pharmaceutical industry is strong in the UK, with the world’s second and sixth largest pharmaceutical firms (GlaxoSmithKline and AstaZeneca, respectively).
	Hong Kong is world’s tenth largest exporting country with a revenue of $ 326.9 billion. It has a  gone up in the list of top ten exporting countries by pushing Canada behing.

Africa is one of the largest continents in the world. This continent is home of 53 nation states. Africa is also the poorest continent in the world but still there are some progressing economies in Africa which are wealthiest or richest in Africa. Here is the list of top ten 10 most richest nations or countries in Africa with respect to GDP (Purchasing Power Parity). (more…)

The top ten 10 countries with highest GDP are enlisted here. These nations are the richest or wealthiest in Asia with respect to Gross Domestic Product. (more…)

Out of seven continents of the world, Africa is the poorest continent in the world. Except from Solomons, all the top ten poorest countries of the world are from Africa. Congo is the poorest nation of the world as well as the poorest of Africa. The second poorest country of the world is Zimbabwe, it is also the second poorest state of African continent accroding to Gross Domestic Product. Liberia is the third poorest on earth, according to GDP per capita income given by CIA.gov. Check out the list of top ten 10 poorest countries in the world. (more…)