Panama is estimated to have grown 6.5 percent in 2023 fueled by strong construction, commerce, transport, tourism, the Colon Free Trade Zone, and financial activities during the first three quarters. Improving...
Type: BriefReport#: 188912Date: 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
Economic growth has accelerated thanks to a partial recovery of agricultural output, solid manufacturing and services exports, and supportive macroeconomic policies. But the country faces adverse labor...
Type: BriefReport#: 188943Date: April 3, 2024Author:
World Bank
Output surpassed pre-pandemic levels in 2023, supported by tourist arrivals above 2019 levels. Fiscal policy has shifted towards revenue-based consolidation to reduce high debt accumulated during the pandemic....
Type: BriefReport#: 188846Date: April 3, 2024Author:
World Bank
The political crisis and increasing gang violence continue to impact economic activity, with Haiti experiencing another year of negative growth in FY23. Haiti has one of the highest levels of food insecurity...
Type: BriefReport#: 188907Date: April 3, 2024Author:
World Bank
Namibia’s economy grew by 4.2 percent in 2023. GDP growth is expected to remain above 3 percent over the medium term, subject to high uncertainty around the possible implementation of large-scale energy...
Type: BriefReport#: 189001Date: April 3, 2024Author:
World Bank
Economic growth is estimated to have remained unchanged at 3.8 percent in 2023 due to sluggish export performance linked to the global economic slowdown and unfavorable export price management. It is projected...
Type: BriefReport#: 188995Date: April 3, 2024Author:
World Bank
GDP growth stabilized at 3.5 percent (0.6 percent per capita) in 2023, below expectations, due to lower agricultural output and an electricity crisis, resulting in limited poverty reduction with an extreme...
Type: BriefReport#: 188997Date: April 3, 2024Author:
World Bank
Economic growth is estimated to have reached 0.9 percent in 2023, compared to 0.5 percent in 2022.CAR's structural vulnerabilities, compounded by external shocks, continue to strain public finances and...
Type: BriefReport#: 188975Date: April 3, 2024Author:
World Bank
Real GDP growth slowed in 2023 to 3.4 percent from 6.4 percent in 2022. Monetary policy tightening and lower international food and energy prices eased inflation and improved the current account balance....
Type: BriefReport#: 188998Date: April 3, 2024Author:
World Bank
Equatorial Guinea’s economy contracted by an estimated 5.8 percent in 2023, mainly due to declining oil reserves. The fiscal and external balances deteriorated amid declining oil export earnings. The economy...
Type: BriefReport#: 188982Date: April 3, 2024Author:
World Bank
The economy has maintained growth momentum in 2023.Highcommodity prices boosted revenues, helping fiscal consolidation. Inflation has decelerated, and the Bank of PNG allowed greater exchange rate flexibility....
Type: BriefReport#: 188852Date: April 3, 2024Author:
World Bank
After experiencing a severe drought in 2023, Uruguay’s growth is expected to rebound to 3.2 percent in 2024. Private consumption should increase due to real wage growth and stable inflation expectations....
Type: BriefReport#: 188918Date: April 3, 2024Author:
World Bank
Real GDP growth is expected to slow from 5.8 percent in FY23 to 5.6 percent in FY24, as inflation weighs on consumption and import restrictions and financial sector vulnerabilities constrain private investment....
Type: BriefReport#: 188960Date: April 3, 2024Author:
World Bank
Buoyant construction, manufacturing, and services drove strong growth in India in FY23/24 and will continue to anchor growth at high levels over the medium term despite the muted global outlook. In recent...
Type: BriefReport#: 188962Date: April 3, 2024Author:
World Bank
Guatemala possesses the macroeconomic stability required to foster inclusive growth yet struggles to implement reforms to quicken growth and alleviate poverty and inequality. GDP growth forecast ranges...
Type: BriefReport#: 188905Date: April 3, 2024Author:
World Bank
Since October 2023, the Palestinian economy has experienced one of the largest shocks recorded in recent economic history. In Gaza, the loss of life, the speed and extent of fixed assets damage, and the...
Type: BriefReport#: 188945Date: April 3, 2024Author:
World Bank
Subsequent OPEC+ decisions of cutting oil production is adversely affecting Saudi Arabia’s overall GDP, fiscal, and external balance positions. Meanwhile, the performance of non-oil private sector is robust...
Type: BriefReport#: 188947Date: April 3, 2024Author:
World Bank
The UAE maintains its status as a key regional hub for trade, finance, and tourism, bolstered by substantial progresses in economic diversification and a reduced dependence on hydrocarbon income. Economic...
Type: BriefReport#: 188950Date: April 3, 2024Author:
World Bank
Bulgaria’s economy slowed down in2023 in tune with trends in key tradingpartners. Inflation kept decelerating, butthe pace is slow and puts at risk thecountry’s eurozone accession bid for2025. Real wage...
Type: BriefReport#: 188874Date: 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.
