While the COVID-19 pandemic interrupted a prolonged period of growth, resilient remittances and a timely fiscal stimulus package helped alleviate the impact and supported a strong rebound; real GDP is...
Type: BriefReport#: 170643Date: April 21, 2022Author:
World Bank
Guyana's economy is expanding at an extraordinary rate, fueled primarily by the expansion of oil output. This is expected to continue over the medium term as more fields are added to production. Increasing...
Type: BriefReport#: 170644Date: April 21, 2022Author:
World Bank
In Burundi, economic growth is estimated at 1.8 percent in 2021 from 0.3 percent in 2020, driven by agriculture and a recovery in services. Industrial growth was subdued due to mining disputes. While recovery...
Type: BriefReport#: 170532Date: April 21, 2022Author:
World Bank
Tunisia’s economic outlook remains highly uncertain. The economic rebound in 2021 was relatively moderate. Debt sustainability concerns remained acute due to elevated fiscal deficits and financing needs....
Type: BriefReport#: 170722Date: April 21, 2022Author:
World Bank
Growth in Senegal accelerated to 6.1 percent in 2021, from 1.3 percent in 2020, driven by industrial production and a recovery in services as COVID-19 restrictions eased. The fiscal deficit remained at...
Type: BriefReport#: 170913Date: April 21, 2022Author:
World Bank
Uruguay’s GDP rebounded in 2021, reaching pre-crisis levels. The economic recovery and fiscal discipline helped reduce the fiscal deficit to below the 2019 level, despite additional COVID19 expenditures....
Type: BriefReport#: 170656Date: April 21, 2022Author:
World Bank
Economic recovery in The Gambia accelerated towards end-2021. However, the pace of recovery will slowdown owing to commodity prices and supply shocks. High fiscal deficits have led to domestic borrowing...
Type: BriefReport#: 170893Date: April 21, 2022Author:
World Bank
Kosovo’s economy experienced a strong recovery in 2021, supported by a rebound in domestic demand and record export growth. Inflation also intensified, driven by increases in import prices. Growth is expected...
Type: BriefReport#: 170613Date: April 21, 2022Author:
World Bank
GDP growth in Eswatini is estimated to have rebounded to 3.1 percent in 2021, reflecting the easing of COVID-19 restrictions and subsequent boost on external demand. fiscal deficit declined in 2021, as...
Type: BriefReport#: 170889Date: April 21, 2022Author:
World Bank
Economic growth in Grenada rebounded from the sharp economic contraction of 2020, supported by the resumption of tourism and construction projects. Higher growth will facilitate returning to the pre-pandemic...
Type: BriefReport#: 170642Date: April 21, 2022Author:
World Bank
Bahrain’s economy is gradually picking up as pandemic pressures fade, non-oil economy recovers, and hydrocarbon production increases. The fiscal deficit remains high as emergency crisis-spending persists...
Type: BriefReport#: 170704Date: April 21, 2022Author:
World Bank
Iran’s economy continues its gradual recovery that started in mid-2020, driven by the oil sector and services. However, water and energy shortages led to contraction of the agriculture and industry sectors....
Type: BriefReport#: 170708Date: April 21, 2022Author:
World Bank
After decelerating to 3.4 percent in FY20, real GDP growth in Bangladesh rebounded to 6.9 percent in FY21. While pandemic disruptions are waning, GDP growth is projected to decelerate moderately to 6.4...
Type: BriefReport#: 170728Date: April 21, 2022Author:
World Bank
After a definitive economic recovery in FY21, Pakistan’s GDP growth is expected to slow in FY22 and FY23 due to macroeconomic challenges emanating on both domestic and external fronts. Symptomatic of the...
Type: BriefReport#: 170735Date: April 21, 2022Author:
World Bank
The completion of infrastructure projects in Cameroon is expected to boost GDP growth in 2022. Driven by higher oil prices, the fiscal deficit is projected to narrow in the medium term, while the current...
Type: BriefReport#: 170534Date: April 21, 2022Author:
World Bank
In Armenia, the impact of the war in Ukraine and sanctions on Russia is likely to be significant given Armenia’s strong economic links with Russia. The economy rebounded by 5.7 percent year on year (yoy)...
Type: BriefReport#: 170605Date: April 21, 2022Author:
World Bank
The Republic of Congo’s (ROC) economy contracted by an estimated 3.5 percent in 2021. The poverty rate increased from 51.9 percent in 2020 to an estimated 53.9 percent in 2021. The ROC is expected to make...
Type: BriefReport#: 170539Date: April 21, 2022Author:
World Bank
Eritrea’s real GDP rebounded by 2.9 percent in 2021 after a 0.6 percent contraction in 2020, aided by external demand uptake and resumption of domestic activity. A significant boost to growth is expected...
Type: BriefReport#: 170542Date: April 21, 2022Author:
World Bank
Jordan’s economic rebound during 2021 has been steady, but significant slack remains in the economy. Unemployment is still persistently high - particularly for the youth while labor force participation...
Type: BriefReport#: 170710Date: April 21, 2022Author:
World Bank
Jamaica is recovering from the pandemic, with growth recently picking up and unemployment falling to historic lows, resulting in a decrease in poverty. Nonetheless, the country is still beset by a high...
Type: BriefReport#: 170647Date: April 21, 2022Author:
World Bank
You have clicked on a link to a page that is not part of the beta version of the new worldbank.org. Before you leave, we’d love to get your feedback on your experience while you were here. Will you take two minutes to complete a brief survey that will help us to improve our website?
Feedback Survey
Thank you for agreeing to provide feedback on the new version of worldbank.org; your response will help us to improve our website.
Thank you for participating in this survey! Your feedback is very helpful to us as we work to improve the site functionality on worldbank.org.
