Professor Ha Bui and Students, Grinnell College

Saudi Arabia (Section 2)

The population of Saudi Arabia is 35.17 million people as of 2026. Saudi Arabia is a high-income country with one of the largest economies in the Middle East. Its high level of economic development is due to its massive oil reserves and several decades of oil exports; the GDP is 1.27 trillion USD as of […]

Canada

Overview Canada, located in the northern part of North America, is the 10th largest economy in the world with a nominal GDP of 2.28 trillion USD. It is highly open and trade-dependent, with exports and imports representing a significant share of GDP, and the United States serving as its primary trading partner. As part of […]

Bulgaria

Table of Contents Overview Bulgaria is a small country in the European Union with a growing economy, but its income is still much lower than the EU average. The economy is mainly driven by domestic consumption and government investment, while exports remain relatively weak. Unemployment is very low, inflation is moderate, and public debt is […]

Norway

Norway Macroeconomic Overview Norway is a Northern European nation located on the Scandinavian Peninsula and is widely regarded as one of the wealthiest and most economically advanced countries in the world. With a population of approximately 5.6 million people and a nominal GDP of $438 billion in 2024, Norway consistently ranks among the highest in […]

Japan (Section 2)

JAPAN Japan is a wealthy industrialized economy with a GDP of $4.03 trillion as of 2024, which is primarily comprised of consumption followed by investment and government spending.  Japan maintains a major global trading economy, balancing a mix of both large imports and exports.  This generates enough revenue to offset each other, keeping its overall […]

Saudi Arabia (Section 1)

SAUDI ARABIASAUDI ARABIASAUDI ARABIA Saudi Arabia is a Middle Eastern powerhouse that sits on the Arabian Peninsula. With a GDP of over 1.27 trillion (2025) that places it top 20 in the world, Saudi Arabia is an extremely advanced economic nation known for their large supply of oil. Saudi Arabia possesses the second largest oil […]

China

Overview China is the world’s second-largest economy, a position that has been held for over a decade. Over the past 40 years, China has transformed from a largely agrarian, low-income society into an industrial and technological powerhouse. Its economy is characterized by strong manufacturing capacity, large exports, rapid urbanization, and private enterprise. Some of its […]

Japan (Section 1)

   J A P A N Table of Contents    Overview Japan is a high-income island nation located in East Asia and is currently the fourth-largest economy in the world by nominal GDP. However, since 1990, Japan’s economy has stagnated at around $4.5 Trillion following the collapse of the asset price bubble. Nominal GDP has fluctuated between $4 and $6 trillion since the late 1990s, and Japan has […]

Switzerland

Introduction Consistently ranked high on the human development index and with the sixth highest GDP-per-capita, Switzerland is considered a competitive economy on the global stage. Competitiveness is fueled by the primarily services-based economy, with 74% of its GDP coming from the services sector and 25% from industry. Switzerland has a population of around 9 million, […]

Spain

Country Macroeconomic Overview   Spain is a high-income, advanced economy and a member of the European Union and the eurozone. Over the past 50 years, Spain’s macroeconomy has been characterized by a substantial increase in GDP, rising from $40.96B in 1970 to $2.04T in the present day (2026). The Spanish economy is very service-oriented, with […]