Exercise 1

By definition, GDP = C + G + I + X – M, where C is personal consumption, G government expenditures, I investments, X exports, and M imports. In the table below, you can find an example of USA GDP in 2018 divided by its components.

What we see is that – no matter whether nominal or real GDP – it is Consumption that is the biggest % of GDP. It tells an interesting story about the American economy and society

Your task is to find data on GDP and its components for 4 distinct countries; one of them must be Saudi Arabia, none of them is to be USA. You do not need to provide times series; a snapshot from one year is enough.

Essentially, for each country, you should replicate the above table. Try to find the most recent data. You should find data for nominal and real GDP. Compute each component of GDP as % of GDP. As in the table above, include definitions, sources, and methodology.

Note. Use only the reliable sources of data: government agencies (e.g. GASTAT), World Bank.