American economy v European economy

Presented by,
Selvaganesh
Vinoth
Samivel
Gerrard
 American Economy
• It is the world’s largest national economy.
• Its nominal GDP is $14.3 trillion.
• Its also maintains a very high level of
output per capita.
• 50% of the entire world’s millionaire
population reside in the U.S.
• 40% of the world’s billionaires are
american.
• It is home to 29.6 million snall businesses.
Cont’d

• It holds 139 of the world’s 500 largest

companies.
• It is rich in mineral resources such as gold,
diamond, coal, petroleum and natural gas.
 European Economy
• It is the world’s largest national economy.
• It’s GDP is $18.140 trillion.
• The GDP per capita is $27383.
• The annual growth of per capita GDP is 2.8 %.
• The millionaires in Europe is $2.8 million.
• While western european states all have high
GDP’s.
• While eastern european states economies are
still rising.
 Cont’d
• Europe has a well developed financial sector.
• European banks are the largest and most
profitable in the world such as Deutsche bank,
HSBC, Royal bank of Scotland.
• In the manufacturing sector with a large part of
the world’s industrial production taking place in
europe.
• In agriculture sector it is highly developed with
the help of Common Agriculture Policy (CAP).
 Comparison
• In pay check concept the americans 25% richer
per capita than europeans.
• If measure wealth by quality of life the americans
are 15% better than europeans.
• In universal health care 15% of european
population lives longer than americans.
• In europe there may be less poverty than the
americans.
• European union is the largest exporter than
america.
Cont’d
• Europe is the largest internal market in the world than
the america.
• Europe economy is so moribund but the america
economy is so strong.
• If says like that actually euro dominating dollar in present
market. But the investment community says the
economic fundamentals are sound enough to guarantee
payoff.
• In US the public debt is $13 trillion and it increases at the
growth rate of $3.83 billion each day.
• In US the total debt is $50.2 trillion at the end of first
quarter of 2010, it is 3.5 times more than GDP.
 Cont’d
• In europe total debt is $110 billion.
• In europe the unemployment rate is 10%.
• In europe there is a personal accountability and
social solidarity is high rather than americans.
• It also leads the economic growth of the
company.
• In europe they do not accept the free market
capitalist system but americans accept it.
• So finally the european economy is slightly
better than american economy.
Thank You