South Africa
Current Economic Situation in South Africa Image source: https://www.researchgate.net/figure/GDP-share-of-major-group-of-economic-sectors-in-Myanmar-in-2016_fig3_338672443 South Africa is classified as a middle-income economy, but its economic growth has been sluggish in recent years. With a Gross Domestic Product (GDP) heavily reliant on sectors like mining, manufacturing, and services. Despite being the most industrialized economy in Africa, South Africa has struggled with […]
Vanuatu
Overview of Vanuatu’s Economy Vanuatu, a picturesque archipelago in the South Pacific, is known for its vibrant culture and breathtaking landscapes. However, its economy presents a mix of opportunities and challenges. Snapshot of the Country’s Economy Image source: Vanuatu (spc.int) The economy of Vanuatu is heavily reliant on agriculture, tourism, and offshore financial services. Agriculture […]
Laos.
Current Economic Situation in Laos The economy of Laos is facing multiple challenges that have hindered growth and placed significant strain on household income. Laos’ GDP growth in 2023 was estimated at 3.7%, with a projected rise to 4% in 2024. However, growth remains below pre-2019 levels, mainly due to persistent macroeconomic instability and structural […]