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SARS(2002) VS COVID-19(2020) | Which Pandemic Affected More To The World's Economy?

              Background, Data, Network, Web, Internet

China: On 16th November, 2002, the SARS (Severe Acute Respiratory Syndrome) pandemic outbreaks from the China. The first outbreak had been founded on 16th November, 2002, Guangdong, China. It impacted the whole China's GDP in the financial year 2002-2003. It also impacted heavy losses to the Hong Kong's and Taiwan's GDP.

Real Statistics Data Of SARS

SARS outbreak: 16 Nov. 2002-19 May, 2004
World-wide Total Active Cases: 8437
World-wide Total Deaths: 813

How much it impacted to the world's economy?

According to the World Bank, the Gross World Product (GWP) in the financial year 2002 was $23 trillion USD in nominal terms, world trade growth had increased to 3 per cent, world output had increased to 1.5 per cent. Later, In the financial year 2003, the GWP had increased to 2.90 per cent. During the financial year 2004, the GWP was $51.48 trillion USD in nominal terms.

According to the statistics of the world's economy of the financial year 2002, 2003 and 2004 we had seen that it impacts no more on the others country's GDP accept China and Hong Kong.

 Country       2002
(Growth Rate)		        2003
(Growth Rate)		2004
(Growth Rate)  
 China            1.46%            1.66%    1.97%
 Hong
 Kong		             -0.6%             -2.8%      1.1%

The table shows clearly Hong Kong suffered huge losses in the financial year 2002-2003 because of SARS pandemic.

SARS impacted more to the Hong Kong and China's GDP. But in today the COVID-19 threat affected more not only China's GDP but also world's economy.

COVID-19: The first suspect of COVID-19 (Corona Virus Diseases) was founded in Wuhan, China in the month of december, 2020.

COVID-19 - A Pandemic Situation

The top 5 countries with more suspects of Corona Virus are as follows:-

Countries Suspects
United States        +3M
Brazil        +1M
India     +822K
Russia     +720K
Peru     +319K


How much COVID-19 impacted to the world's economy?

As per the estimated data, there are 213 countries and territories which are totally affected with the COVID-19 disease. In  the beginning of 2020, many of the country's economy remained closed or locked because of speading Corona Virus. Its also impacted on the GWP (Gross World Product) of the first quarter of this year i.e. 2020.

Here are the topmost countries which suffered huge losses during the lockdown in the first quarter of the 2020:

 Countries  Growth Rate 
 France         -5.3%
 Italy         -5.3%
 Germany         -2.2%
 United Kingdom          -2.2%
 Canada          -2.1%
 United States          -1.3%
 Japan         -0.6%

Table shows that how this pandemic had broken the all economies growth.

Other Economic Losses: According to the recent news, during the lockdown in India about 14 Crores Indians lost their employment. Within a month, on 24th April, unemployment rate increased to 19% later it is increased and became 26% unemployment rate in India. Peoples are facing lot of problems to get two square meals a day because the economy is fully locked. Whole population get locked in their houses.

                 Coronavirus

SARS and COVID-19 both are pandemics and affected whole economies. Economics stability was fully destroyed in the World. It also destroyed the flow of money or means of exchange because production sector, service sector, agricultural sector are fully closed or we can say that whole economy is locked.

COVID-19 affected more to the world's economy because this spreads like a multiply of chain and total number of suspects world-wide continously increased in square format. So, when there are more number of suspects of COVID-19 they always results in the economy lockdown.

#Stayhome_Staysafe      

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