Tajikistan's economy performed strongly over the last decade, with GDP growth averaging above 7 percent. Strong economic growth has resulted in poverty declining from 25.7 percent in 2015 to 10.7 percent...
Type: BriefReport#: 196160Date: October 1, 2024Author:
World Bank
Driven by agriculture growth, a positive trade balance, and strong private consumption, 2023 Brazil’s GDP growth was 2.9 percent, higher than expected at the beginning of the year but lower than in 2022...
Type: BriefReport#: 196061Date: October 1, 2024Author:
World Bank
Uzbekistan has made notable progress reducing poverty since 2021. The poverty headcount rate based on the national poverty line fell from 17 percent in 2021 to 11 percent in 2023. Robust real wage growth...
Type: BriefReport#: 196066Date: October 1, 2024Author:
World Bank
Economic and political stability and investment in human capital have fueled decades of economic growth in Costa Rica. The successful expansion of forest coverage has supported a thriving eco-tourism sector...
Type: BriefReport#: 196076Date: October 1, 2024Author:
World Bank
The latest Household Income and Expenditure Survey (HIES) used to estimate poverty in the Federated States of Micronesia (FSM) was conducted in 2013-2014. Using the World Bank's definitions for data deprivation,...
Type: BriefReport#: 196083Date: October 1, 2024Author:
World Bank
The World Bank is financing the Ulaanbaatar Sustainable Urban Transport Project (USUTP) which started implementation in June 2021 and is scheduled to be completed in December 2026. The project will help...
Type: ReportReport#: 195703Date: October 1, 2024Author:
World Bank
As a Small Island Developing State (SIDS), the Republic of Maldives faces many inherent structural challenges related to its geography and vulnerable ecological profile. The Maldives, located in the Indian...
Type: Country Climate and Development ReportReport#: 192024Date: October 1, 2024Author:
World Bank
In the region of the Americas, non-communicable diseases (NCDs) constitute a major disease burden, accounting for approximately 80 percent of all deaths (PAHO 2019). Mental and neurological disorders,...
Type: BriefReport#: 194760Date: October 1, 2024Author:
Anne-Sophie Jung ;
Jeremy Veillard ;
Timothy A. Johnston
Guatemala has grown steadily in recent years with sound macroeconomic performance but with poor social outcomes, due to low and ineffective social expenditure and low productivity. Addressing these challenges...
Type: BriefReport#: 194019Date: October 1, 2024Author:
World Bank
Nicaragua's economy grew by 4.6 percent in 2023, primarily driven by the services sector. Prudent fiscal and macroeconomic policies have supported growth and lowered inflation to 4.8 percent by mid-2024,...
Type: BriefReport#: 194025Date: October 1, 2024Author:
World Bank
Mexico’s real GDP growth is expected to moderate to 1.7 percent in 2024 and 1.5 in 2025 before converging to its potential by 2026. Poverty is projected to decline slowly through 2026. The country needs...
Type: BriefReport#: 194024Date: October 1, 2024Author:
World Bank
St. Vincent and the Grenadines (SVG) is projected to grow at 5 percent in 2024, supported by a robust performance in tourism, recovery in agriculture, and implementation of large-scale infrastructure projects....
Type: BriefReport#: 194030Date: October 1, 2024Author:
World Bank
After experiencing a once-in-a-century drought in 2023, Uruguay’s growth is projected to rebound to 3.2 percent in 2024, driven by agricultural exports. Cellulose production is also expected to increase...
Type: BriefReport#: 194033Date: October 1, 2024Author:
World Bank
As one of the world’s smallest yet richest countries, a comprehensive fiscal and economic reform is necessary to support sustainable growth and address structural challenges. With oil and gas comprising...
Type: BriefReport#: 194044Date: October 1, 2024Author:
World Bank
Jordan has maintained macroeconomic stability despite regional turmoil. Growth slowed to 2.0 percent in the first quarter of 2024, while headline inflation averaged 1.7 percent over the first seven months....
Type: BriefReport#: 194043Date: October 1, 2024Author:
World Bank
Economic activity continues to perform well despite OPEC+ oil production cuts, driven by the expansion of nonhydrocarbon activities, notably in construction, manufacturing, and services, but fiscal revenues...
Type: BriefReport#: 194048Date: October 1, 2024Author:
World Bank
One year since the outbreak of the Middle East conflict, centered in Gaza, the Palestinian territories have experienced a historic economic decline. In Gaza, the economy has plunged into the deepest recession...
Type: BriefReport#: 194049Date: October 1, 2024Author:
World Bank
Growth is set to slightly decelerate in 2024 partly due to the impact of the December 2023 fuel depot explosion. The fiscal deficit is projected to widen to 3.0 percent in 2024 as capital spending increases....
Type: BriefReport#: 194111Date: October 1, 2024Author:
World Bank
Rwanda’s strong economic momentum continued in 2024 with 9.7 percent growth in the first quarter - led by services, manufacturing, and food production. Inflationary pressures have eased due to improvements...
Type: BriefReport#: 194126Date: October 1, 2024Author:
World Bank
GDP growth in 2023 is at 5.3 percent and is projected to slow to 2 percent in 2024 due to weak agriculture on the back of severe drought conditions. While the introduction of a new currency, ZiG, in April...
Type: BriefReport#: 194138Date: October 1, 2024Author:
World Bank
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