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Identify and explain which country has a higher standard of living. Assess which county appears to be the most economically stable Evaluate which county appears

  1. Identify and explain which country has a higher standard of living.
  2. Assess which county appears to be the most economically stable
  3. Evaluate which county appears to have the most equal distribution of the country's wealth and prosperity
  4. Describe the challenges that were encountered in collecting the data and comparing the two countries
Economic Measure USA Year Collected Italy Year Collected
Standard & Poor Rating AA+ 2011 BBB 2017
Real GDP $19,846,720,000,000 2020 $2,322,140,000,000 2020
Real Per Capita GDP $60,200 2020 $39,000 2020
GDP Sector Composition
Agriculture 0.9% 2017 2.1% 2017
Industry 19.1% 2017 23.9% 2017
Services 80% 2017 73.9% 2017
GDP End Use Composition
Household 68.4% 2017 61% 2017
Government 17.3% 2017 18.6% 2017

Fixed Capital

Investment

17.2% 2017 17.5% 2017

Inventory

Investment

0.1% 2017 -0.2% 2017
Exports 12.1% 2017 31.4% 2017
Imports -15% 2017 -28.3% 2017

Population below

poverty level

15.1% 2010 20.1% 2018

Gini Index

Coefficient

41.1 2016 35.9 2017

Public Debt

% of GDP

78.8% 2017 131.8% 2017

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