Comparing and Contrasting Austria and Liberia Sean Jakiel Flag of Austria Flag of Liberia

Austria GDP- 308.661 Billion Dollars US$ GDP per Capita-36,352 US$ GDP Growth Rate-3% Now1% Inflation Rate- 2.131% Unemployment Rate- 3.9% Gini Index- 26 US(30) HDI-0.955 HPI- 11.1% GDP Forecast

Economy of Austria The Economy of Austria is strong and is a part of the European Union (EU) Austria has a large service sector, and has big banking establishments in south eastern Europe The Industry in Austria is medium sized with a small but well developed agriculture sector Currently with the recession the GDP growth rate has decline to 2.5% which is below the average GDP Growth rate in the past ten years of 4%

Austria’s economic forecasts for inflation and unemployment Inflation Rate Predictions Unemployment Rate Predictions

Liberia GDP-850 Million US $ GDP per Capita- 362$US GDP Growth Rate- 7.1% Unemployment Rates-85% Inflation- 11.2% Gini Index- Not available HDI-0.311 HPI-40.5%

Economy of Liberia Has the 2nd Large percent of unemployed workers in the world In 2005 and before civil unrest persisted, causing the economic situation of the region to drastically decline. Now in 2009, a democracy has been installed with war now resided. Liberia has been able to trade diamonds. Now that the ban on Liberian Diamonds ended due to fact it was funding the war in Liberia. Liberia economy is growing now, with the help of new foreign investments from places such as India, and Germany.

Overall Projections It is predicted that the GDP of Liberia will soon grow over 10%. With Stability in the country it is also predicted that unemployment will steadily drop as investments and the diamond trade should help bolster the economy to more industrial, rather than agricultural which is 85% of the economy in Liberia. Liberia is expected to double GDP in 10 Years with current statistics

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