Qatars Cereal Imports and the Real GDP of Exporting Countries - Statistics Project Example

The initiation of international trade depends on different economic variables between the trading partners.

The initiation of international trade depends on different economic variables between the trading partners.

According to the regression line above, there is a positive relationship between the value of exports and Qatar’s GDP, GDP for importing countries, and distance to importing countries. That is, an increase in Qatar’s GDP by one unit will increase the value of Qatar’s exports by 4268.572. An increase importing country’s GDP by one unit will increase the value of Qatar’s value of exports by 294.0738. On the other hand, an increase in distance by one unit will increase the value of export by 20763.51. from the analysis above, it is clear that distance is the greatest contributor to the value of exports.

Conclusion
The GDP of Qatar was valued at $192,390,104,345 billion in 2012. The Gross Domestic Product value of Qatar represents 0.30% of the world’s economy. Between the years 1970 and 2012, Qatar’s GDP averaged $27.03 Billion reaching an all-time high of $192,390,104,345 billion in 2012 and a low of $0.30 in 1970. The World Bank is the principal reporter of Qatar’s GDP. To understand the link between real GDP and the imports of cereals in Qatar, it is important to examine the indicators of international trade. It is important to note that the distance from the location of a commodity will affect the costs of obtaining the same commodity.

This implies that the productivity and consumption levels of an economy are directly linked.