The World’s Most Developed Country V. The Least Developed One. Introduction People -Ethnicity and Religion -Population -Health Economy -Angola’s economic success?! Estimations Introduction Norway, officialy the Kingdom of Norway is one of the most developed countries of the 21° century world. Discovery of oil and gas in adjacent waters in the late 1960s boosted Norway's economic fortunes. Norway Location Northern Europe petroleum, natural gas, iron ore, copper, lead, zinc, Natural Sources titanium, pyrites, nickel, fish, timber, hydropower Population 5,147,792 Government constitutional monarchy GDP per capita $55,400 Refugees 27,710 Status The most developed country Angola, the least developed country in the world, is still rebuilding its country since the end of a 27-year civil war in 2002. Country is facing a problem of poverty and economic crisis. Angola Southern Africa petroleum, diamonds, iron ore, phosphates, copper, feldspar, gold, bauxite, uranium 19,088,106 multiparty presidential regime $6,300 20,740 The least developed country Link People Ethnicity and Religion • Both the Kingdom of Norway and Angola are nation• The charts provide the percentage of the ethnical and states, mostly inhabited by the majority of native religious groups in both countries, where in Norway people. Meanwhile both are Christian dominated the total population number is 5,147,992 and in states. Angola – 19,088,106. Norway Angola Ethnic Groups Ethnic Groups 2.0% 3.6% Ovimbundu 22% Norwegian 37% 1% Other European 2% Other Kimbundu Bakongo Mescito 13% European 94% 25% Other Link 1.8% 2.3% Link Religions 2.4% Religions 7.5% 3.9% Evangelican Lutheral 15% Other Christian Indigenous Beliefs Muslim 47% Roman Catholic 38% Other 82.1% Roman Catholic Protestant Unspecified Link Link Population A population pyramid illustrates the age and sex structure of a country's population and may provide insights about political and social stability, as well as economic development. The population is distributed along the horizontal axis, with males shown on the left and females on the right. Link Health The health related problems are significant factors for the establishment of a developed country. However the comparison between the two countries emphasizes the crucial difference 100.0% 80.0% 60.0% 40.0% 20.0% 0.0% Norway Angola Link Economy Norway Angola purchasing power party official exchange rate Budget revenues expenditures Stock of narrow money broad money domestic credit direct foreign investment at home direct foreign investment abroad Market value of publicly traded shares Current account balance $ $ $ $ $ $ $ $ $ $ $ 282.2 515.8 292.8 225.0 146.3 312.9 706.4 274.5 264.3 252.9 67.4 $ $ $ $ $ $ $ $ $ $ 131.8 124.8 52.8 48.5 17.0 50.7 22.5 17.2 12.9 n/a 10.7 Exports Imports $ $ 154.2 $ 90.1 $ 70.8 26.1 GDP Reserves of foreign exchange and gold $ 51.9 $ Debt - external $ 720.6 $ Note: the amount of money in each sell is sighnificant to billion dollars. 37.8 22.7 Link • An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. • “When economies are healthy and strong, people worry less about how they are going to live during the coming days, weeks or months.” • All the societies are in need for a strong economic system, otherwise in the era of Globalization, total destruction and failure is guaranteed. Even though Norway is one of the lading states, Angola still remains to be on the edge of poverty. Angola’s Economy • The Angolan economy rebounded strongly after several years of low growth attributable to the lingering effects of the global financial crisis. • However, Angola’s economy rebounded strongly after experiencing slow growth due to oil and financial crises. Chart 1 45 40 35 30 • Even though the economy was growing since 2011 to 2012, the chart demonstrates that the economy started falling down since 2013 25 20 15 10 5 0 2011 2012 2013 2014 Real GDP growth Real GDP per capita growth CPI inflation Budget balance % GDP Current accunt % GDP Link Estimations of the Development Level If the particular country fits the norms that are mandatory for the accomplishment of the developed domestic structure, it will become evident whether these countries fit the different criteria, that have been recognized worldwide. Norway Estimation GDP per caita High Health expenditures High Budjet ( revenues) High Budjet ( expenditures) High Export High Import High Education High Internet Users High Military Expenditures High Militar manpower available High Angola Estimation Low Low Low Low High Low Low Low High High Link The End
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