Question

In this assignment, we will concentrate on GDP Growth (WordlBank's Gross Domestic Product Growth). Use only the data in the WorldBank site we provided in this assignment's instruction for this indicator. Imagine your company wants you to compare Pestel elements (in this case, GDP Growth) among the foreign countries it is considering to enter and are listed in the alternatives below.You are to obtain and interpret the data for the GDP Growth, for those countries assigned to you, and then answer the following question. When comparing alternate countries, your company prefers to enter those that have shown a GREATER GROWTH relative to the other in terms of GDP Growth, comparing the GDP growth rates shown since the 1960s until 2016. Based on the data your retrieved, and on the positive or negative GDP Growths since the 1960s until 2016 alone, you could say your company was NOT impressed by a RECESSION experienced by:

a. Iraq in 1974

b. St. Lucia in 2001

c. Mozambique in 1989

d. Jordan in 1977

Answer 1

Year	Iraq –GDP growth rate	St. Lucia –GDP growth rate	Mozambique-GDP growth rate	Jordan-GDP growth rate
	Data available since 1969	Data available since 1978	Data available since 1981	Data available since 1976
1961
1962
1963
1964
1965
1967
1968
1969	3.2
1970	4.5
1971	5.4
1972	3.7
1973	4.4
1974	16.1
1975	12.5
1976	17.2			24.3
1977	1.9			6.5
1978	17.1	10.3		21
1979	20.9	3.8		9.1
1980	24.8	-2.1		19
1981	-0.7	6.2	5	4.7
1982	3.4	2.1	-6.9	7.4
1983	-13.1	4.9	-15.7	2
1984	-1.5	7.1	-6.5	8.6
1985	1.5	8.2	1	3.5
1986	4.6	14.2	-2.3	7
1987	9.3	4.1	14.7	2.9
1988	0	13.6	8.2	-1.9
1989	-3.1	9.1	6.5	-13.5
1990	57.8	9.9	1	1
1991	-64	0.6	4.9	1.8
1992	32.6	7.8	-5.2	18.7
1993	30.3	0.6	8.8	4.6
1994	3.9	1.8	6.2	5
1995	2.1	1.7	2.2	6.2
1996	11	2.9	26.8	2.1
1997	21.2	-0.5	10.8	3.3
1998	34.9	6.3	11.9	3
1999	17.6	2.7	7.8	3.4
2000	1.4	0	1.7	4.2
2001	2.3	-3.3	12.7	5.3
2002	-6.9	0.3	8.8	5.8
2003	-33.1	4.3	6.5	4.2
2004	54.2	7.2	7.8	8.6
2005	4.4	-0.4	8.7	8.1
2006	10.2	6.2	9.9	8.1
2007	1.4	1	7.4	8.2
2008	8.2	5.7	6.9	7.2
2009	3.4	1.2	6.4	5.5
2010	6.4	-1.6	6.7	2.3
2011	7.5	0.6	7.1	2.6
2012	13.9	0.2	7.2	2.7
2013	7.6	3.4	7.1	2.8
2014	0.7	-0.2	7.4	3.1
2015	4.8	2	6.6	2.4
2016	11	1.7	5	2

The above data reveals that Iraq registered a negative growth rate in the years 1981, 1983, 1984, 1989, 1991, 2002 and 2003.

St. Lucia shows a negative GDP growth rate during the years 1980, 1997, 2001, 2005, 2010 and 2014.

Negative GDP growth occurs in Mozambique in the years 1982, 1983, 1984, 1986 and 1992.

Jordan shows a negative growth rate in the years 1988, 1989,

PESTLE analysis is a useful tool to companies which are operating or planning to start new ventures in a country.

Before starting a business one must be evaluate certain conditions in the country. The conditions are relating to the political situation whether it is favourable or not for a new firm or not, whether the economic conditions are good, how much the social culture influence the market, what are the technological innovations are likely to come up and how they affect the market structure, the current legislation the regulate the industry or what changes will be on legislation in the near future and what are the environmental concern for the industry.

One of the key Economic factors is the economic growth in Pestle analysis. The countries having positive economic growth is most suitable for starting a business. The above listed countries witnessed negative GDP growth in several years as such they are not suit for starting a business as per Pestle Analysis. But Jordan is best among the worse since it experienced recession in two years comparatively.