Italy V. Argentina Italy's Population (July 2011 Essay

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Italy v. Argentina

Italy's population (July 2011 estimate) is 61 million and the country has a growth rate of 0.42%. The country has a higher death rate than growth rate, but the impact of this is mitigated somewhat by migration. If the current population and growth rate is extrapolated out to 2050, Italy would have 71.85 million people by 2050. Argentina currently has 41.77 million people. The current population growth rate of Argentina is 1.017%. If this growth rate is applied to the current population through 2050, then Argentina will have a population of 63.12 million. The population growth for each country each decade will be as follows:

Italy

Argentina

The current GDP for Italy is $1.782 trillion, which equates to $30,700 per capita. Italy has the world's 11th largest economy. It is difficult to find long-range statistics about Italy's GDP. A chart produced by the IMF shows the GDP growth rate of Italy since 1982: The current GDP growth rate for Italy is 1.1%, but the company's GDP has shrunk in each of the last two years as a result of the global economic recession.

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Argentina has a GDP of $596 billion at present. This equates to a GDP per capita of $14,700. Argentina's current GDP growth rate is 7.5%, but this rate is much more volatile than that of Italy. The IMF chart for Argentina goes back to 1994:

In general, the economy of Argentina has a higher average annual growth rate than that of Italy, but the country's economy is more volatile overall, having experience multiple shocks in the past few decades, the most recent at the beginning of the 2000s that resulted in devaluation of the currency. With Italy being the in Eurozone, it has much more stability in its currency and economy.

Italy has a high level of literacy. The country has a total literacy rate of 98.4%, which breaks down as 98.8% male and 98% female. Argentina has a total literacy rate of 97.2%, which is evenly distributed….....

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