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economic growth
Business / 15 weeks ago
Countries richer than the global average
Although the global average for GDP per capita at purchasing power parity (PPP) is estimated at roughly $24,250 in both 2024 and 2025, there are a few nations that surprisingly exceed the global average. According to the latest estimates from the International Monetary Fund (IMF) and the World Bank, countries exceeding the global PPP average span several regions.
Business / 19 weeks ago
Global South economies to watch in 2025
The International Monetary Fund (IMF) has released its 2025 World Economic Outlook which spotlights the Global South as a crucial engine of global economic momentum. Amidst modest global growth, the IMF forecasts that several developing economies are poised for significant expansion in 2025, with India, Argentina, and Indonesia leading the pack.
Business / 20 weeks ago
Poland’s economy surpasses combined output of 7 neighbouring nations
Poland’s economy has officially surged ahead of the combined GDP of seven of its eastern and southeastern neighbours, a striking indicator of the country’s rapid economic ascent and the deepening development divide across the region. According to IMF projections for 2025, Poland’s nominal GDP is set to hit $979 billion, outpacing the total economic output of Ukraine, Romania, Bulgaria, Belarus, Lithuania, Latvia, Estonia, and Moldova, which collectively reach $927 billion.
Environment / 21 weeks ago
Guyana becomes the world’s only fully food-self-sufficient country in 2025
Guyana has emerged as the only country in the world that can fully feed itself without relying on food imports, according to a comprehensive 2025 study published in the journal Nature Food. The report evaluated 186 countries based on their ability to produce seven key food groups locally, and only Guyana passed all benchmarks.
World / 37 weeks ago
Southeast Asia’s Powerhouses: Indonesia, Singapore, Vietnam, others set for strong growth
Indonesia is set to lead the Southeast Asian region with a projected economy of $1.5 trillion, positioning itself as a major economic powerhouse, according to IMF. This growth is fuelled by the country’s rich natural resources, including palm oil, coal, and nickel, making it a key global supplier. Indonesia’s rapidly expanding middle class drives domestic consumption, further strengthening the economy. With ongoing infrastructure development and digital transformation, the country is expected to maintain its upward trajectory in the coming years.
Business / 44 weeks ago
Top 10 largest digital exporters in the world
In an increasingly interconnected global economy, digital exports have become a significant driver of economic growth. According to the latest data from the World Trade Organisation (WTO), the top 10 largest digital exporters in the world are leading the charge in this digital revolution.
Business / 1 year ago
Top 5 countries in Southeast Asia with highest average wages in manufacturing
In 2024, the manufacturing sector in Southeast Asia will continue to be a significant driver of economic growth, with varying wage levels across countries. According to ASEAN Briefing, here are the top 5 countries in the region with the highest average wages in manufacturing:
Business / 1 year ago
The 5 largest economies in the world in 2024
As we approach the end of 2024, Goldman Sachs Global Investment Research has released its latest analysis, highlighting the top five largest economies in the world. These rankings reflect the economic powerhouses that continue to shape global markets and influence international policies.
