The latest Household Income and Expenditure Survey (HIES) in Fiji was conducted in 2019/20. By World Bank definitions of data deprivation, Fiji is classified as vulnerable to data deprivation, as it has...
Type: BriefReport#: 196082Date: October 1, 2024Author:
World Bank
Indonesia’s poverty rate continued its slow and steady decline in 2024, supported by strong economic growth. The national poverty headcount ratio fell to 9 percent in March 2024 - down 0.4 percentage points...
Type: BriefReport#: 196121Date: October 1, 2024Author:
World Bank
Honduras remains one of the poorest and most unequal countries in the region. Preliminary estimates for 2023 show that 51.9 percent of the population live under the upper middle-income country poverty...
Type: BriefReport#: 196109Date: October 1, 2024Author:
World Bank
Poverty in Panama has hovered around 13 percent since the COVID-19 pandemic, as the labor market slowly recovered and emergency transfers were rolled back. Despite progress in the labor market in 2023,...
Type: BriefReport#: 196141Date: October 1, 2024Author:
World Bank
Poverty reduction has been elusive in Burundi. Following the socio-political crisis 2015, real per-capita GDP contracted by an annualized rate of 1.9 percent between 2015 and 2020. The poverty rate in...
Type: BriefReport#: 196054Date: October 1, 2024Author:
World Bank
The national poverty rate increased 1.8 percentage points from 41.4 percent in 2018-19 to 43.2 percent in 2021-22, dramatically increasing in the Sahel region. Poverty rates in the Sahel region (which...
Type: BriefReport#: 196056Date: October 1, 2024Author:
World Bank
Bhutan experienced a significant reduction in poverty and inequality in the last decade. The 6.85 dollars/day poverty rate declined between 2017 and 2022 and is estimated to have further decreased from...
Type: BriefReport#: 196062Date: October 1, 2024Author:
World Bank
The growth momentum was sustained in the first half of 2024 despite moderating household consumption. Domestic demand was buoyed by higher public consumption and investment. Medium-term growth is expected...
Type: BriefReport#: 193979Date: October 1, 2024Author:
World Bank
Suriname's economy has stabilized under a program to restructure debt, modernize monetary and exchange rate policies, and address financial sector vulnerabilities. Tighter monetary policy has gradually...
Type: BriefReport#: 194031Date: October 1, 2024Author:
World Bank
Saint Lucia's economy, which is reliant on tourism, faces ongoing challenges from the pandemic's impact, high import prices, and natural disasters. Economic growth was modest before the pandemic, and recent...
Type: BriefReport#: 194029Date: October 1, 2024Author:
World Bank
Real GDP grew 3.6 percent in 2023, driven by robust remittance-fueled consumption and strong private investment. Growth is expected to slow down slightly to 3.5 percent in 2024, hindered by a deceleration...
Type: BriefReport#: 194022Date: October 1, 2024Author:
World Bank
Trinidad and Tobago is a high-income country, with a corresponding level of human development. Substantial financial reserves maintain stability amid energy sector fluctuations. The government aims to...
Type: BriefReport#: 194032Date: October 1, 2024Author:
World Bank
Angola's economy started to recover from 2023’s shocks - extended maintenance shutdowns at major oil fields, exchange rate depreciation, and gasoline price hikes. Growth is projected at 3.2 percent in...
Type: BriefReport#: 194087Date: October 1, 2024Author:
World Bank
Growth rebounded to 2.7 percent in 2023, driven by robust agricultural output, but momentum weakened in 2024, with real growth projected at 2.2 percent, due to persistent fuel shortages, power supply disruptions,...
Type: BriefReport#: 194091Date: October 1, 2024Author:
World Bank
Cameroon's economic growth shows signs of recovery after its slowdown in 2023. However, the growth rate remains below the target set out in the Nation’s development strategy (NDS30), implying limited poverty...
Type: BriefReport#: 194093Date: October 1, 2024Author:
World Bank
Algeria’s growth remained dynamic, and inflation decelerated in early 2024, amid OPEC quota reductions but resilient agricultural output, higher public spending, and strong investment. Declining oil and...
Type: BriefReport#: 194035Date: October 1, 2024Author:
World Bank
Economic growth is slowing from the strong rebound of 2023 and is estimated at 5.0 percent in 2024. Poverty remains high as the link between growth and poverty reduction has weakened. Inflation is falling...
Type: BriefReport#: 194113Date: October 1, 2024Author:
World Bank
GDP growth is projected to gather pace, supported by foreign direct investment inflows, a rebound in exports, and the dissipation of drought effects. Lower inflation and monetary easing should also support...
Type: BriefReport#: 194123Date: October 1, 2024Author:
World Bank
The economy is expected to grow by 3.7 percent in 2024, driven by tourism, telecommunications, and construction. Commitment to fiscal consolidation is expected to result in a primary surplus by enhancing...
Type: BriefReport#: 194128Date: October 1, 2024Author:
World Bank
Nigeria has undertaken difficult but necessary reforms to turn around its development trajectory after policy missteps and multiple shocks which have deepened and broadened poverty. Positive results are...
Type: BriefReport#: 194125Date: October 1, 2024Author:
World Bank
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