In 2022, the last year with available household survey data, 17.5 percent of the Surinamese population lived below the World Bank’s upper middle-income line of $6.85 (2017 PPP). About 46.5 percent of Surinamese...
Type: BriefReport#: 196156Date: October 1, 2024Author:
World Bank
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
North Macedonia is an upper-middle-income country that aspires to join the European Union (EU), but its sustained growth has been achieved at high environmental and health costs. North Macedonia has been...
Type: Country Climate and Development ReportReport#: 193719Date: October 1, 2024Author:
World Bank
Big Data can empower city leaders as they work to improve policy and infrastructure decision-making to increase economic impact and foster development. Big Data application has a significant regional imbalance....
Type: Journal ArticleReport#: 193810Date: October 1, 2024Author:
Ellin Ivarsson ;
Aiga Stokenberga ;
Juan Ignacio Fulponi
Cities across the world are investing in new and improved transport systems to meet the growing challenges of urban life. While these investments have the potential to benefit the poorest urban residents...
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
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