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Geography of water and energy resources - Essay Example

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The G7 countries have a total population of 798,509,128 while OPEC countries from the Middle East have a total population of 151,267,067 and this suggests that the G7 countries are highly populated than are the OPEC countries from the Middle East. Mean population of the two…
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Geography of water and energy resources
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Download file to see previous pages ountries is $34.442 trillion while that of the Middle East OPEC countries is $ 2.1348 trillion, an indicator that the G7 countries are more productive, economically. This identifies mean GDP of $ 4.92 trillion for the G7 countries and $ 0.3558 trillion. This translates to a GDP per capita of $ 43, 132.88 for the G7 countries and $ 14,112.79 for the Middle East OPEC countries (Central Intelligence Agency, 2014).
The G7 countries therefore have better production efficiency than the Middle East OPEC countries because even though the G7 countries have higher populations, their per capita incomes are far higher than per capita incomes of the Middle East OPEC countries.
G7 countries are considered as economic giants in the world and this perception is consistent with the reality, based on the analysis. Gross domestic products of the Middle East OPEC countries are all below a trillion dollars while the lowest GDP among the G7 countries is above a trillion dollars. Higher average GDP and per capita GDP for G7 countries than for Middle East OPEC countries show ...Download file to see next pagesRead More
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