Oman’s economy continues to perform well, supported by favorable oil prices and a commitment to the economic diversification program, in line with the country’s Vision 2040. Concerted efforts are underway...
Type: BriefReport#: 188944Date: April 3, 2024Author:
World Bank
Challenges in deploying a unified and effective State response to the devastating floodings in the eastern part of the country in September 2023 have highlighted Libya's fragilities. Competition over the...
Type: BriefReport#: 188942Date: April 3, 2024Author:
World Bank
Following moderate post-pandemic growth of 5.2 percent in 2023, growth is projected at 4.5 percent in 2024. Macroeconomic policies remain supportive of growth but the downturn in the property sector and...
Type: BriefReport#: 188844Date: April 3, 2024Author:
World Bank
In 2023, the economy expanded by 4.3 percent, largely driven by a strong recovery in tourism. Fiscal and current account deficits narrowed significantly; the unemployment rate declined but remains high...
Type: BriefReport#: 188892Date: April 3, 2024Author:
World Bank
Better harvests and a partial recovery in oil production following flooding-related disruptions are lifting overall growth. However, food insecurity and extreme poverty remain high because of climate and...
Type: BriefReport#: 189011Date: April 3, 2024Author:
World Bank
The economy continues its recovery as improved weather conditions boost agriculture production, private consumption, and exports. GDP is estimated to have grown at 3.1 percent in 2023, up from 2.4 percent...
Type: BriefReport#: 189009Date: April 3, 2024Author:
World Bank
The Romanian economy grew by 2.1 percentin 2023, supported by EU-financedinvestment and resilient consumption.Successful issuance of the first publicgreen bond in February 2024 will supportthe green transition....
Type: BriefReport#: 188884Date: April 3, 2024Author:
World Bank
Nigeria has initiated bold reforms to restore macroeconomic stability, but further efforts are needed. The Government has moved forward on normalization of monetary policy, revenue-driven fiscal consolidation,...
Type: BriefReport#: 189003Date: April 3, 2024Author:
World Bank
Gabon’s economy grew by 2.3 percent in 2023 on the back of sustained oil production, down from 3.0 percent in 2022. Following a coup d’état in August 2023, an orderly return to an elected government over...
Type: BriefReport#: 188986Date: April 3, 2024Author:
World Bank
Real GDP is projected to grow by 4.1 percent in 2024, driven by continued increase in public spending financed by higher Southern African Customs Union (SACU) revenues. Despite easing global inflationary...
Type: BriefReport#: 188984Date: April 3, 2024Author:
World Bank
Crisis in the electricity sector and uncertainty in external concessional financing pushed the economy into recession. GDP is estimated to have contracted by 0.5 percent. Poverty rate is estimated at 15.8...
Type: BriefReport#: 189005Date: April 3, 2024Author:
World Bank
In 2023, lower oil production and an exchange rate shock led to economic stagnation. The May-June currency slide continues to fuel inflationary pressures. Lower tax revenues, larger interest payments and...
Type: BriefReport#: 188968Date: April 3, 2024Author:
World Bank
GDP growth is estimated at 3.2 percent (0.5 percent per capita) in 2023, supported by services, while mining was hampered by insecurity. Average inflation subsided to 0.7 percent, facilitating a small...
Type: BriefReport#: 188971Date: April 3, 2024Author:
World Bank
Guyana emerged as one of the world's fastest-growing economies following the development of its oil and gas (O&G) sector. In light of the substantial oil revenues, the government is implementing an ambitious...
Type: BriefReport#: 188906Date: April 3, 2024Author:
World Bank
Notwithstanding the advancement of the diversification agenda, hydrocarbon revenues still account for more than 60 percent of total budget revenues which exposes the economy to the volatility of energy...
Type: BriefReport#: 188933Date: April 3, 2024Author:
World Bank
Economic growth is slowing, despite rising tourist arrivals. Large external imbalances, combined with external financing gaps have led to declining foreign exchange reserves and substantial liquidity pressures....
Type: BriefReport#: 188963Date: April 3, 2024Author:
World Bank
Notwithstanding its large hydrocarbon resources and associated liquefied natural gas (LNG) revenues, Qatar is pursuing a long-term strategy focused on economic diversification. Growth in tourism, new infrastructure...
Type: BriefReport#: 188946Date: April 3, 2024Author:
World Bank
Amid the blockade of the IRG’s oil exports by the Houthis and conflict in the Middle East, Yemen navigates between glimpses of hope and a grim reality. The national economic rebound in 2022 was short-lived,...
Type: BriefReport#: 188952Date: April 3, 2024Author:
World Bank
Despite some recovery, Pakistan’s economy remains under stress with low foreign reserves and high inflation. Policy uncertainty remains elevated and economic activity is subdued, reflecting tight fiscal...
Type: BriefReport#: 188965Date: April 3, 2024Author:
World Bank
Weak cashew export performance and high inflation kept growth at 4.2 percent in 2023, undermining poverty reduction. Budget slippages and lower revenues derailed fiscal consolidation efforts while infrastructure...
Type: BriefReport#: 188990Date: April 3, 2024Author:
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.
