Usa And Pakistan Per Capita Gdp Comparison

Human Development Index

It is given the idea of HDI which is using the statistical tool for measuring a country’s achievement that can be a social and economic dimension of a country which is related to health of people, education and their standard of living. It is also defined three major concept of economic which is life expectancy, education and per capita.

Per Capita Income

It is the average per head income (individual) of a country. It is obtained by dividing the total GDP by the population.

Pakistanhistory

Pakistan got freedom in 1947 and was a middle class agricultural country. Mainly Pakistan’s more growth rate was happened in coming time and it has been growing its growth rate for a same time. After partition India and Pakistan both were started their growth rate for making developed nation but Pakistan is still facing some problem regarding their development. Firstly Pakistan was under rule of colonialism within India. Its main effect of disturbing the development was colonialism. Pakistan’s annual gross domestic rate was 6. 8 at the time of 1960 but it was decline after 10 years, was remained 4. 8 and after that it was increased about 6. 5 in 1980. Second half of that decade it was again fell down and calculates 4. 6 only.

United State of Americahistory

United state of America got freedom in 1776 and it was emerging with huge industrialization which was making it world’s largest emerging economy within industrialization and agriculture because America and other European country is saying that it is developed nation. Its past was very responsible for their valuable achievement. American economy mainly depends on industrialization and agricultural sector which is very important for any developed country. 19th century U. S. A’s industrialization was growing after getting independence and it emerged a world’s fifth large economy as well as United Kingdom. Before 1800 the most of population was doing agriculture in farming. About 80% of the population in farming and manufactured and textile industry made some new things using raw materials. U. S. A became rich country after making the full resources for their rapid development.

They had full land for their cultivation so that they can grow n number of crops. U. S. A faced many problems after world war 1 and 2 its development had been constant but the reason for nuclear power production. 20th centuryAt the beginning of 20th century new innovation and technical that gives the well economy standard for their living. United states started the new large advantages for making better communication in economy to run nationwide economy and they grew concentration on industry raised for monopoly which sometime takes higher price and lower output but after some time many of these firms cutting costs so that it makes concentration towards lower price and higher output. After emerging these types firm lot of workers shared success in these firms. 21st centuryIn 2001, United States witnessed slowdown in growth, with less jobs and recession. In United States many mortgage company and other non depositary banks faced a crisis in 2007 – 2008 with the banking crisis.

Pakistanemployment

Pakistan is a high young population country and its population growth is increasing from past few decades. Pakistan’s very large number of young people is now entering in labor market and some new organization is hiring more jobs in the field. Prime minister took a remarkable initiative for a youth program to remove unemployment in the country. This program has started for youth and poor segment of society to get better employment opportunities economic empowerment to acquiring skill for getting a productive job. Instead of this scheme many other programs also is giving by prime minister such as skill based job.

Unempoyment

Unemployment is wider problem in Pakistan and many economists are trying to solve it but its main cause population and it is demanding wise leadership to solve it. In the Pakistan deserving candidates are not getting job and the person with safarish easily gets job of their choice. Pakistan’s another reason is number of industries is not increasing so that shortage of capital is an important cause of unemployment in developing country like Pakistan. The population of Pakistan is increasing about 2per annum due to this more than one million people enter in the job market every year.

United Statesemployment

United States adjusts the world’s 4th largest labor force across the globe. Being a capitalist country, private sector gives job to 91% people in U. S. A, while the government provides it to 8% of population. In the small businesses is 99 percents employee working. U. S. A is developed country and there are many small businesses and large business which creates many new jobs for youth people, U. S. A has 64% newly created job for 30 million small businesses. America holds worlds too much workers power in small and large business.

UNEMPLOYMENT U. S. A. , being the 3rd largest country with population and its employment and unemployment depends on its population which is highly effects the people life. U. S. A 2017 ranking in unemployment rate was 4. 1 or 6. 6 million people. The government’s broader U-6 unemployment rate, which includes the part time underemployed, was 8. 1% or 8. 2 million people. In the 2009 U. S. A was facing the problem of jobless recoveries resulted in record levels of long-term unemployment with over 6 million workers was looking for 6 months job only in the 2010. American worker gets services, between 30%and 35% in industry and between 10% and 15% in agriculture. America has more unemployment rate of young African American, was 28. 2% in 2013 and the youth unemployment rate was 18. 5 in 2009.

Pakistan Agriculture

Pakistan is depends on agriculture because it has many rivers that gives it many types of crops. Pakistan produces wheat in largest number. Its production is 26,674,000 tons of wheat. Especially Pakistan food exports rice, cotton, fish, fruits and vegetables and import vegetable oil, wheat, pulse and consumer foods. Pakistan is a big country and there are many other things other than agriculture, Pakistan is Asia’s largest camel hub and second-largest apricot hub and ghee market and third-largest cotton, onion and milk market. MININGSPakistan has significant mineral resources and is emerging as a very promising area for exploring mineral deposits. Pakistan is significantly and geologically based on metallic and non-metallic mineral deposits. Pakistan amended in constitution regarding explore mineral resources which are in jurisdiction. Pakistan’s mining is contributing in 13. 19 percent in industrial sector and its share in GDP is 2. 8%.

United Statesagricuture

United States of America is a developed country and its agriculture sector is so vast according to U. S census of agriculture, there were 2. 2 million farms, covering an area of 922 million acres, an average of 418 acres per farm. America is a leader of seed improvements and expanding uses for crops. American agriculture department which gives data related to agriculture is name FAO and according to FAO American main crops are tobacco, barley, and oats, and rarely peanuts, almonds, and sunflower seeds. MININGAmerican history is fully depending on industrialization which happened in 19th century that’s why according to some economists mining has been active since colonial times. In the U. S. A the value of coal, metals, and industrial minerals mined in United States and a huge employee directly gets employment in the mining industry about 158,000.

Conclusion

After analysis of both countries’ I found that how both country is different from one another and there are many difference according to their employment standard and agricultural activity because Pakistan is an agricultural country but there are not any policy on farmers so that they cannot take any types benefit from government and in America there are ample number of policy and every farmer has 418 acre land which is very significant for American country. On the other hand America and Pakistan are a very different in area and population which is big issue according to employment and unemployment after analysis of employment and unemployment in both country there are huge difference in, America has been industrial country since colonial time so that there were many industry for getting employment but Pakistan has a poor industrialization that’s why there are many types differences in jobs.