Analysis of UK Economy in Comparison with Qatar Economy Essay

Analysis of UK Economy in Comparison with Qatar Economy - Essay Example This essay presents a brief informative analysis of the economic statuses of the United Kingdom and Qatar. These countries demonstrated high levels of economic development in recent years. Economic trends usually differ from country to another. Economists have developed several economic measures to determine which country is ahead of the other in terms of economic progress. The availability of goods and services to the citizens of the country and the affordability of the commodities may be used to know how the citizens are in terms of accessibility to the national income. Other factors that are looked at in determining the wealth of the nation in comparison to another include; health facilities accessibility and affordability, food, housing and other social amenities. The U.K. wealth is one of the best in the globe. The lifestyle of the people of the kingdom is desirable, and the state is ranked among most developed economies of the world. The wealth of the kingdom is also one of the oldest, aging back to the pre-colonial period. The country was thus able to amass wealth from the colonies and developed itself on various social and industrial sectors. There are various components of the UK that can be put into comparison with Qatar. During the economic meltdown that was experienced globally, the country sought to protect her banking industry and therefore was not strictly harmed. The country’s GPD is mainly supported by the natural gas investment. More than 50% of the GDP is obtained from this industry.