Assignment 1

1. GDP (Gross Domestic Product) and GNP (Gross National Product) (Current prices, Real and PPP
[Purchasing Power Parity])

GDP (current US$)

Country Name 2015 2016 2017 2018 2019

China 11061.6 11233.3 12310.4 13894.8 14342.9
Germany 3360.6 3466.8 3665.8 3949.6 3845.6
France 2438.2 2471.3 2595.2 2787.9 2715.5
United Kingdom 2928.6 2694.3 2666.2 2860.7 2827.1
Japan 4389.5 4922.5 4866.9 4954.8 5081.8
Turkey 859.8 863.7 852.7 771.4 754.4
United States 18219.3 18707.2 19485.4 20529.0 21374.4
(in Billions USD)
Source: World Bank Data

GDP, PPP (current international $)

Country Name 2015 2016 2017 2018 2019

China 17796.7 18712.1 19887.0 21730.7 23460.2
Germany 3895.1 4163.9 4381.8 4514.8 4659.8
France 2719.2 2863.8 2997.3 3121.0 3315.1
United Kingdom 2768.6 2897.6 3037.0 3120.7 3255.5
Japan 5136.0 5076.1 5180.3 5230.1 5459.2
Turkey 2012.4 2101.7 2265.5 2316.4 2325.6
United States 18219.3 18707.2 19485.4 20529.0 21374.4

(in Billions USD)

Source: World Bank Data

GDP REAL (constant 2010 US$)

Country Name 2015 2016 2017 2018 2019

China 8913.3 9523.8 10185.3 10873.0 11537.2
Germany 3702.2 3784.7 3878.0 3937.2 3959.5
France 2781.3 2811.8 2876.2 2927.8 2971.9
United Kingdom 2736.0 2788.5 2841.2 2879.3 2919.9
Japan 5988.7 6019.9 6150.5 6170.3 6210.7
Turkey 1087.9 1122.5 1206.4 1240.5 1251.4
United States 16710.5 16972.3 17348.6 17856.5 18273.2
(in Billions USD)
Source: World Bank Data

GNI (current US$)

 Assignment 1

Country Name 2015 2016 2017 2018 2019

China 11019.8 11188.3 12300.7 13843.5 14308.1
Germany 3437.0 3552.1 3759.6 4060.0 3957.8
France 2490.9 2523.6 2654.5 2841.5 2768.0
United Kingdom 2861.6 2629.6 2634.4 2816.8 2788.4
Japan 4558.1 5088.2 5040.3 5135.5 5263.5
Turkey 850.1 854.5 841.6 759.4 741.9
United States 18704.3 19045.2 19830.3 20837.3 21625.0
(in Billions USD)
Source: World Bank Data

GNI, PPP (current international $)

Country Name 2015 2016 2017 2018 2019

China 17729.5 18637.2 19871.4 21650.5 23403.2
Germany 3983.8 4266.4 4493.9 4641.1 4795.7
France 2777.9 2924.4 3065.8 3181.0 3379.2
United Kingdom 2705.3 2828.0 3000.8 3072.9 3210.9
Japan 5333.3 5246.9 5365.0 5420.9 5654.4
Turkey 1989.7 2079.3 2236.0 2280.6 2287.0
United States 18704.3 19045.2 19830.3 20837.3 21625.0
(in Billions USD)
Source: World Bank Data

GNI REAL (constant 2010 US$)

Country Name 2014 2015 2016 2017 2018

China 8337.6 8879.8 9485.6 10177.5 10833.2
Germany 3711.5 3786.8 3878.9 3977.9 4047.6
France 2810.3 2841.9 2872.0 2945.2 2993.8
United Kingdom 2618.8 2673.4 2721.4 2807.4 2840.6
Japan 6125.5 6218.4 6224.0 6369.8 6394.2
Turkey 1016.6 1075.8 1110.6 1191.0 1221.8
United States 16400.5 16850.8 17104.4 17498.0 18020.2
(in Billions USD)
Source: World Bank Data

2 - GNP growth rates (Current Prices, Real and PPP) (Currently known as GNI)

GNI (growth % based on constant 2010 US$)

 Assignment 1

Country Name 2014 2015 2016 2017 2018

China 8.43% 6.50% 6.82% 7.29% 6.44%
Germany 1.93% 2.03% 2.43% 2.55% 1.75%
France 0.89% 1.13% 1.06% 2.55% 1.65%
United Kingdom 2.59% 2.09% 1.79% 3.16% 1.18%
Japan 0.60% 1.52% 0.09% 2.34% 0.38%
Turkey 5.20% 5.82% 3.24% 7.24% 2.58%
United States 2.46% 2.75% 1.50% 2.30% 2.98%

Source: World Bank Data

GNI ( growth % based on PPP current international $)

Country Name 2014 2015 2016 2017 2018 2019

China 6.79% 3.42% 5.12% 6.62% 8.95% 8.10%
Germany 4.60% 2.58% 7.10% 5.33% 3.27% 3.33%
France 1.98% 2.14% 5.27% 4.84% 3.76% 6.23%
United Kingdom 4.00% 3.59% 4.54% 6.11% 2.40% 4.49%
Japan 0.63% 3.24% -1.62% 2.25% 1.04% 4.31%
Turkey 9.50% 8.44% 4.50% 7.54% 1.99% 0.28%
United States 5.13% 3.58% 1.82% 4.12% 5.08% 3.78%

Source: World Bank Data

GNI (growth % based on current US$)

Country Name 2014 2015 2016 2017 2018 2019

China 10.50% 5.06% 1.53% 9.94% 12.54% 3.36%
Germany 3.73% -13.24% 3.35% 5.84% 7.99% -2.52%
France 1.39% -14.52% 1.31% 5.19% 7.04% -2.58%
United Kingdom 9.97% -4.65% -8.11% 0.19% 6.92% -1.01%
Japan -5.70% -9.29% 11.63% -0.94% 1.89% 2.49%
Turkey -1.70% -8.19% 0.52% -1.52% -9.76% -2.31%
United States 5.13% 3.58% 1.82% 4.12% 5.08% 3.78%

Source: World Bank Data

3 - Nominal interest rates

MONTHLY
 Assignment 1

Monthly Interest Rates

24.00

22.00

20.00

18.00

16.00

14.00

12.00

10.00

8.00

6.00

4.00

2.00

0.00
01 03 05 07 09 11 01 03 05 07 09 11 01 03 05 07 09 11 01 03 05 07 09 11 01 03 05 07 09
6M 6M 6M 6M 6M 6M 7M 7M 7M 7M 7M 7M 8M 8M 8M 8M 8M 8M 9M 9M 9M 9M 9M 9M 0M 0M 0M 0M 0M
-2.00
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2
20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20

China, P.R.: Mainland France Germany Japan

Turkey United Kingdom United States

Source: Based on monthly data from https://data.imf.org

AVERAGE YEARLY DATA

 Assignment 1

2020
Country 2016 2017 2018 2019 (until September)
China, P.R.: Mainland 2.25 2.43 2.54 2.54 2.24
France 0.08 0.00 0.00 0.00 0.00
Germany 0.08 0.00 0.00 0.00 0.00
Japan -0.10 -0.10 -0.10 -0.10 -0.10
Turkey 7.25 7.25 14.58 18.50 7.81
United Kingdom 0.40 0.29 0.58 0.75 0.26
United States 0.40 1.00 1.83 2.13 0.46

Source: https://data.imf.org (Monthly data converted into yearly by average, full data dump in excel
attached for reference)

Average Interest Rates

20.00
18.00
16.00
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
2016 2017 2018 2019 2020 (until september)
-2.00

China, P.R.: Mainland France Germany Japan

Turkey United Kingdom United States

Source: https://data.imf.org

4 - Inflation rates
 Assignment 1

Country Name 2015 2016 2017 2018 2019

China 1.44 2.00 1.59 2.07 2.90
Germany 0.51 0.49 1.51 1.73 1.45
France 0.04 0.18 1.03 1.85 1.11
United Kingdom 0.37 1.01 2.56 2.29 1.74
Japan 0.79 -0.12 0.47 0.98 0.48
Turkey 7.67 7.78 11.14 16.33 15.18
United States 0.12 1.26 2.13 2.44 1.81

(in percentage)
Source: World Bank Data

Annual Inflation Rates

18.00

16.00

14.00

12.00

10.00

8.00

6.00

4.00

2.00

0.00
2015 2016 2017 2018 2019
-2.00

China Germany France United Kingdom

Japan Turkey United States

5 - Real interest rates

 Assignment 1

Country 2015 2016 2017 2018 2019

China 4.35 2.90 0.11 0.82 2.73
Germany -0.46 -0.49 -1.51 -1.73 -1.45
France 0.01 -0.18 -1.03 -1.85 -1.11
United Kingdom 0.13 -0.61 -2.25 -1.69 -0.99
Japan -0.98 0.77 1.23 -1.08 -0.58
Turkey -0.40 -0.53 -3.89 -1.75 3.32

USA 2.17 2.39 2.15 2.49 3.48

Source: World Bank (Please note, some of the data missing from world bank was calculated manually
taking into account the Nominal Interest rates and inflation data for corresponding years as it was not
available elsewhere either)

Real Interest Rates

5.00

4.00

3.00

2.00

1.00

0.00
2015 2016 2017 2018 2019
-1.00

-2.00

-3.00

-4.00

-5.00

China Germany France United Kingdom

Japan Turkey USA

Source: World Bank

6 - European Central Bank (ECB) and Federal Reserve Bank (FED) Policy Interest Rates.
 Assignment 1

European Central Bank (ECB)

Source: TradingEconomics.com

Federal Reserve Bank (FED)

Source: TradingEconomics.com
7 - Current Account Balances
 Assignment 1

Current account Balance (in Billions USD)

Country 2015 2016 2017 2018 2019

China 304.1644 202.2034 195.1167 25.49924 141.3355
Germany 288.7398 294.9181 286.192 292.0617 273.1197
France -8.976633 -12.01728 -19.85329 -15.59497 -18.10828
United Kingdom -147.3424 -146.2846 -100.3948 -105.1733 -121.6296
Japan 136.9084 193.4078 205.7712 176.8831 181.8762
Turkey -32.1799 -26.84184 -40.59093 -20.76076 8.81688
United States -407.355 -394.865 -365.269 -449.694 -480.225

Source: OECD

Current Account Balance (in Billions USD)

400

300

200

100

0
2015 2016 2017 2018 2019
-100

-200

-300

-400

-500

-600

China Germany France United Kingdom

Japan Turkey United States

Source: OECD

Current account Balance (as % of GDP)

Country 2015 2016 2017 2018 2019

 Assignment 1

China 2.75 1.80 1.59 0.18 0.99

Germany 8.61 8.52 7.78 7.37 7.06
France -0.37 -0.49 -0.77 -0.56 -0.67
United Kingdom -5.02 -5.43 -3.77 -3.68 -4.30
Japan 3.12 3.93 4.23 3.56 3.58
Turkey -3.71 -3.09 -4.65 -2.27 1.22
United States -2.23 -2.11 -1.87 -2.18 -2.24

Source: OECD

Current Account Balance as % of GDP

10.00

8.00

6.00

4.00

2.00

0.00
2015 2016 2017 2018 2019
-2.00

-4.00

-6.00

-8.00

China Germany France United Kingdom

Japan Turkey United States

Source: OECD

8 - Foreign Trade Balances

Country 2015 2016 2017 2018 2019

 Assignment 1

China 357.87 255.74 217.01 103.00 164.12

Germany 255.04 256.40 257.61 245.22 223.25
France -9.83 -13.24 -23.50 -28.34 -28.45
United Kingdom -40.56 -43.56 -32.25 -39.56 -30.68
Japan -23.28 40.44 37.64 1.41 4.58
Turkey -19.02 -19.40 -32.24 -9.67 20.40
United States -491.26 -481.17 -513.79 -579.94 -576.87

Source: World Bank Data Net trade in goods and services (BoP, current US$))

Trade Balance (in Billions USD)

450.00
400.00
350.00
300.00
250.00
200.00
150.00
100.00
50.00
0.00
2015 2016 2017 2018 2019
-50.00
-100.00
-150.00
-200.00
-250.00
-300.00
-350.00
-400.00
-450.00
-500.00
-550.00
-600.00
-650.00

China Germany France United Kingdom

Japan Turkey United States

Source: World Bank Data (Net trade in goods and services (BoP, current US$))

9 - Savings rates and rankings of the country’s economy in terms of real basis and Purchasing Power
Parity
SAVINGS RATE (AS % OF GDP)

Country Name 2014 2015 2016 2017 2018

 Assignment 1

China 47.62 45.52 44.48 44.96 44.56

Germany 27.58 28.55 28.74 28.87 29.31
France 21.49 22.25 22.00 22.78 22.77
United Kingdom 12.39 12.51 12.19 14.05 13.32
Japan 24.66 27.07 27.37 28.12 27.84
Turkey 24.43 24.79 24.48 25.50 27.05
United States 20.46 20.32 18.79 18.74 18.58

Source: World Bank national accounts data, and OECD National Accounts data files. (Gross savings (%
of GDP))

Rankings of Economies based on GDP PPP

Country 2015 2016 2017 2018 2019

China 2 2 1 1 1
United States 1 1 2 2 2
Japan 4 4 4 4 4
Germany 5 5 5 5 5
United Kingdom 8 8 7 7 8
France 9 9 9 9 9
Turkey 13 13 13 13 13

Source: https://knoema.com/WBGEM2020Mar/world-bank-global-economic-monitor

Rankings of Economies based on GDP Real

Country 2015 2016 2017 2018 2019

China 2 2 2 2 2
United States 1 1 1 1 1
Japan 3 3 3 3 3
Germany 4 4 4 4 4
United Kingdom 6 6 6 6 6
France 5 5 5 5 5

Turkey 16 16 16 16 16

Source: https://knoema.com/WBGEM2020Mar/world-bank-global-economic-monitor
Please note: There was no change noted in rankings based on the above data in terms of GDP Real
10 - Values and rankings of WEF (World Economic Forum) Competitiveness Index for the above
selected countries

2015 2016 2017 2018 2019

Country Name
Value Rank Value Rank Value Rank Value Rank Value Rank
 Assignment 1

China 4.89 28 4.95 28 5 28 72.6 28 73.9 28

Germany 5.53 4 5.57 5 5.65 5 82.8 3 81.8 7
France 5.13 22 5.2 21 5.18 21 78 17 78.8 15
United Kingdom 5.43 10 5.49 7 5.51 7 82 8 81.2 9
Japan 5.47 6 5.48 8 5.49 8 82.5 5 82.3 6
Turkey 4.37 51 4.39 55 4.42 55 61.6 61 62.1 61
United States 5.61 3 5.7 3 5.85 2 85.6 1 83.7 2

Source: http://www3.weforum.org/
Note: Scoring methodology until 2017 used 1-7 scale, which was changed 1-100 from 2018 onwards

Global Competetiveness Index Rankings

64
61
58
55
52
49
46
43
40
37
34
31
28
25
22
19
16
13
10
7
4
1
2015 2016 2017 2018 2019

China Germany France United Kingdom

Japan Turkey United States

Source: World Bank

NOTE: In case required, below is the link to the rough workbook in excel I prepared and used to
prepare the above tables and charts.

Link - Rough Excel Workbook