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No.

Country Population Income GDP GDP per Income Political System HDI Literacy
and Category Growth Capita Distributor rate (%)
Population Rate (USD) Gini
Density (%) Coefficient

1. Pakistan 202mn & Lower 5.7 1547.85 30.7 Republic 0.562 58


260/km2 middle
income
2. Afghanistan 36mn & Low 2.6 585.85 27.8 Republic 0.498 31
56/km2 income
3. Argentina 44mn & High 2.9 14401.97 42.4 Republic 0.825 98
16/km2 income
4. Australia 24mn & High 2 53,799.94 34.7 Constitutional monarchy 0.939 99
3/km2 income
5. Azerbaijan 10mn & Upper 0.1 4131.62 31.8 Republic 0.757 99.79
120/km2 middle
income
6. Bangladesh 167mn & Lower 7.3 1516.51 32.4 Republic 0.608 72.76
1278/km2 middle
income
7. China 1416mn & Upper 6.9 8827 46.5 Republic 0.752 96.4
151/km2 middle
income
8. Nigeria 197mn & Lower 0.8 1968.56 48.8 Republic 0.532 59.6
215/km2 middle
income
9. Philippines 107mn & Lower 6.7 2988.95 40.1 Republic 0.699 94
357/km2 middle
income
10. Somalia 15mn & Low 2.4 499.82 39.7 Republic 0.36 37.8
24/km2 income
Source: World Bank
1) Pakistan

The GDP of Pakistan is increased by 0.8% but there is macroeconomic instability as


macroeconomics imbalances also increased. Major contribution in GDP growth is from service
and agriculture sector.

Pakistan is more concern about its balance of payments as its current account deficit is at 5.8%
of GDP. There is significant gap between exports and imports which leads to current account
deficit.

Literacy rate of Pakistan has decline from 60% to 58%. Pakistan proves to be on lowest rank in all
South Asia Region on HDI, especially in stunting and education. The overall enrollment of
students in education institutions in Pakistan has increased but it is still lower as compared to
South Asia countries. Across the region Pakistan has the lowest women labor force. Only 3% of
GDP spend on education, health and nutrition which is significantly lower as compare to other
countries.

2) Afghanistan

Afghanistan is growing slightly by 2.3% in 2016 and 2.6% in 2017. The major contributors to
growth were agricultural sector which is grown by 3.8% and service sector which is grown by
2.5%.

The security situation is worst because of many civilian casualties. The no. of death and injuries
are increased by five times. These casualties are usually from suicide attacks of Daesh.

Only a small number of Afghans have remunerative or productive employment. Unemployed


labor force is around one forth and only 20 percent employment is secure.

3) Argentina

Argentina is one of the top economy in Latin America. It is rich in natural resources of agriculture
and energy. It is leader in food producing sector. Its literacy rate is 98% and it is top performer in
region for reducing poverty. Argentina focuses on social spending through different schemes
including Universal Child Allowance.

There is significant change in economic policy of Argentine after presidential elections of 2015.
The new government tries its best to implement core policies such as reduction of inflation,
unification of exchange rate, reform of national statistics system and the modernization of the
import regime.
4) Australia

It is famous for holding highest growth rate of 26 years among developing countries. 2.8% of GDP
is budget deficit. Major factors of growth of Australia are its agriculture exports and best
performing financial sector.

Australia’s strong political system supports well-established and transparent political processes.

5) Azerbaijan

It is key economic player because it has great natural gas and oil reserves. Its GDP growth is 0.1%.
As compare to previous years its economy is contracted because of decline in revenues from oil
and also from its trade partner Russia.

The Government has shifted to a new fiscal policy, new strategies for budgeting and new
procedures for debt management that makes spending growth limits.

6) Bangladesh

Over the past two decades its GDP growth rate and literacy rate both have been increased. Its
HDI index is 0.608 because it faces challenges like poor-quality infrastructure, social strikes, and
under-performing financial system etc.

Due to economic growth- demand for urbanization, transport and energy has also increased
which makes Bangladesh as both challenge and inspiration for administration.

7) China

China is top in the whole world in terms of population. Its economy is market based. It is the
largest exporter and 2nd largest economy after United States in the world. However, it comes
under category of developing countries and has incomplete market reforms. Its literacy rate is
high however it is because of poor literacy criteria.

8) Nigeria

It is the largest economy of Africa and comes under 30 best economies of the world. Its economy
depends on oil prices as it has great natural resources of oil. It is middle income, emerging market
and mixed economy.

9) Philippines

It is in Western Pacific and consists of 7000 islands. Agriculture is significant part of its GDP. It is
regional money laundering hub and enforcement is weak. Workers are happy and there is low
cost of labor.
10) Somalia

United Nations classified as least developed country. Its economy is mainly based on livestock,
telecommunications and remittances. Its HDI is also lowest among the world. According to World
Bank, the country has suffered more due to civil war.