Essays on Comparative Analysis: the UAE and Japan Coursework

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The paper "Comparative Analysis: the UAE and Japan" is a great example of a Macro & Microeconomics coursework. The United Arab Emirates (UAE) anticipates a slow recovery of its economy following a slowdown in economic growth that emanated from declines in oil prices. However, the country witnessed a 6% growth in the real gross domestic product (GDP) over the last decades. The country also continues to experience deteriorating external and fiscal balances.   Even though the UAE managed to attain a 4.6% growth in 2014, the growth rate declined to 3.4% in 2015.

The country continues to witness increasing micro-financial risks from the reduced revenue obtained from hydrocarbons (MENA 2015). Similarly, Japan’ s economy is on a gradual recovery phase. In the second quarter of the 2015 financial year, the economic growth of Japan stood at 3.9%. The country had witnessed a positive economic growth for the second consecutive quarter; an indicator that the country was recovering from its previous economic slump. Private consumption suffices to be the main contributor to the growth in Japan’ s GDP. Currently, the country has maintained a 1% growth in its real GDP in both the 2015 and 2016 financial years.

The report compares the economies of both countries over a 10-year period.   Gross Domestic Product The United Arab Emirates (UAE) It is evident that the UAE is the most developed economy in the Arabian Gulf. The country recorded a 3.90% expansion in its real GDP. UAE’ s average GDP growth from 2000 to 2015 was 4.76%. The country witnessed a 9.80% GDP growth in 2006. This turned out to be the highest recorded GDP growth of the country. In 2009, the UAE recorded -5.20% growth in its real GDP (Trading Economics 2016).

This reflected the least ever growth in the country’ s real GDP.   GDP Growth Rate The chart below shows real GDP growth rates from 2006 to 2015.   Figure 1: UAE’ s real GDP Growth Rate from 2006 to 2015   It is evident that the UAE records high values of real GDP per capita. The economy presents a commodity-based economy. Natural gas and oil shipments account for 38% of the country’ s GDP and 40% of the country’ s total exports. From the figures, it is evident that the UAE’ s GDP depends primarily on natural gas and oil shipments.

References

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Trading Economics., 2016. Final consumption expenditure – etc. (% of GDP) in Japan. Available at: http://www.tradingeconomics.com/japan/final-consumption-expenditure-etc-percent-of-gdp-wb-data.html

Trading Economics., 2016. Final consumption expenditure-etc (% of GDP) in the United Arab Emirates. Available at: http://www.tradingeconomics.com/united-arab-emirates/final-consumption-expenditure-etc-percent-of-gdp-wb-data.html

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