Download Germany and Ethiopia

General Statistics
Germany
• Economic Growth Rate=
1.5%
• GDP per Capita= $47,400
• Population= 80,854,408
• Population Growth Rate=
-0.17%
• Unemployment rate=4.8%
• Median Age= 46.5 years
Ethiopia
• Economic Growth Rate=
8.7%
• GDP per Capita= $1,700
• Population= 99,465,819
• Population Growth Rate=
2.89%
• Unemployment Rate=
16.8%
• Median Age= 17.7 years
Human Development Index (HDI)
• HDI was developed by the United Nations to
rank countries social and economic
development based on three criteria:
– GDP per capita
– Life expectancy
– Literacy rate
Each country is then given a score from 0 to 1. 1
being the most developed.
HDI Ranking (out of 188 recorded
countries)
Germany
• Germany ranks 6th in the
World in terms of HDI with
a score of 0.916
Ethiopia
• Ethiopia ranks 174th in the
World in terms of HDI with
a score of 0.442
In comparison, the
UKs HDI ranking is 14th
at 0.907
GDP
Germany
Ethiopia
• GDP per Capita= $47,400
• Total GDP= $3.482 trillion
• GDP by sector=
Agriculture: 0.7%
Industry: 30.2%
Services: 69.1%
• With the focus and growth of the economy
coming from industry and services, it shows
an educated workforce and an
advanced/developed economy creating
higher incomes and quality of life.
• This means their trade and relations with
other countries will be relatively advanced
allowing for imports and exports of their own
goods.
• It makes them a relatively independent
economy who aren’t reliant on aid, and can
grow and expand without help to further
advance their economy.
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GDP per Capita= $1,700
Total GDP= $56 billion
GDP per sector=
Agriculture: 41.4%
Industry: 14.6%
Services: 43% (tourism)
There is little scope for economic development
as their industry is mainly subsistence and 85%
of the population is employed in agriculture
alone.
25% of the population rely on coffee beans for
income. This dependence on one crop could
prove fatal to their economy if prices were to fall
Ethiopia needs to diversify or move forward into
manufacturing or they are likely to stay
undeveloped for the foreseeable future
They are currently producing little with which to
trade and are too heavily focused on a small
number of crops for export.
Life Expectancy
Germany
Ethiopia
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Total population: 80.57 years
Male: 78.26 years
Female: 83 years
They spend 11.3% of their GDP in on
healthcare so it is heavily invested in
with 3.89 physicians per 1000 people
providing good healthcare.
With a high GDP per capita comes
better quality of life with people in
advanced industries such as
manufacturing creating higher amounts
of wealth and income.
They are healthy enough to get a good
education and healthy enough to work,
meaning this skilled workforce is more
productive and hence can help the
economy grow and develop.
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total Population: 61.48 years
Male: 59.11 years
Female: 63.93 years
There is a lack of good nutrition in
Africa and poor access to clean and safe
water. This leads to an unhealthy
population. This can negatively affect
their economic development as they
are not well enough to work.
Due to the life expectancy being low,
they go to work at a young age which
stops them getting educated all the way
through secondary school. The country
as a consequence has an unskilled
workforce, meaning they can’t progress
into more developed industries.
Population Pyramid
Germany
• Ageing Population (low
birth rate)
• High Dependency
Ethiopia
• Youthful Population (High
birth rate)
• High Dependency
Literacy Rate
Germany
Ethiopia
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Literacy Rate= 99%
5% of the GDP expenditure is on
education
With a high investment in education, it
shows a developed economy and
educated workforce which can help
with the further development and
growth of the economy.
A highly skilled workforce is attractive
for companies and investment and they
have a high productivity, creating low
costs for firms in the long run. This
investment by TNCs also allows the
economy to expand and means more
people become employed improving
the circular flow of income.
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Literacy Rate=
total population: 49.1%
male: 57.2%
female: 41.1%
4.7% of the GDP expenditure is on
education
Similarly to Germany, they have quite a
high expenditure on education.
However, only 50% of their population
is literate showing not many people can
or do attend any education and even
fewer attend secondary education
This creates an unskilled workforce and
one that may be relatively unproductive
with many people employed in
agriculture, restricting their country
from developing.
Aid
Germany
• In 2015, Germany gave
$14.06 billion in Aid to
other countries
Ethiopia
• Ethiopia received $3.8bn in aid
• $457 million of that was
humanitarian assistance aid
• However, the government
spent $5.8 billion in the same
year meaning they have to
take on more debt to fund
their investment into things
such as education to help
them develop