The economy of Belize is characterized by its small scale and predominance of private enterprise, reflecting the country’s status as a developing nation with a market-oriented economic structure. The economic activities in Belize are primarily concentrated in three main sectors: agriculture, tourism, and services, each playing a vital role in sustaining the country’s overall economic…
Category: World Economy
Economy Of Belgium
As of May 2025, the article on the economy of Belgium requires updating due to outdated statistics presented in the infobox, signaling the necessity for revision to incorporate recent economic data, developments, and newly available information. The dynamic nature of economic indicators such as GDP, public debt, trade balances, and social expenditure mandates periodic reassessment…
Economy Of Belarus
The trajectory of Belarus’s per capita Gross Domestic Product (GDP) from 1973 to 2018 reveals significant insights into the nation’s economic development over several decades. When adjusted for inflation to 2011 International dollars, these figures provide a consistent basis for comparing economic output across time, accounting for changes in price levels and purchasing power. This…
Economy Of Barbados
The Wikipedia article on the “Economy of Barbados” has been noted as requiring additional citations for verification, highlighting the need for more comprehensive sourcing from reputable news outlets, newspapers, scholarly books, academic experts, and databases such as JSTOR. This call for enhanced referencing was formally indicated as of May 2023, underscoring ongoing efforts to improve…
Economy Of Bangladesh
The economy of Bangladesh is classified as a major developing mixed economy, characterized by the coexistence and active participation of both private and public sectors. This dual-sector framework enables the country to harness the dynamism of private enterprise alongside strategic government intervention, fostering balanced economic growth and development. As a result, Bangladesh has emerged as…
Economy Of Bahrain
The economy of Bahrain has historically been heavily dependent on its abundant oil and gas resources, which have formed the foundational backbone of the country’s economic activities since the discovery of oil in the early 20th century. The exploitation of these hydrocarbon reserves provided Bahrain with significant revenue streams, enabling rapid economic growth and modernization…
Economy Of Azerbaijan
The economy of Azerbaijan has long been intricately linked to its vast oil and gas reserves, a relationship that became particularly pronounced following the completion of the Baku-Tbilisi-Ceyhan (BTC) Pipeline. This pipeline, which became operational in the mid-2000s, significantly augmented Azerbaijan’s capacity to export crude oil by providing a direct route from the Caspian Sea…
Economy Of Austria
The economy of Austria is characterized as a highly developed social market economy, consistently ranking among the fourteen wealthiest countries worldwide in terms of gross domestic product (GDP) per capita. This classification reflects Austria’s combination of a free-market capitalist system with extensive social welfare programs, which together foster both economic efficiency and social equity. The…
Economy Of Australia
Australia is classified as a highly developed country with a mixed economy that integrates both market-driven mechanisms and government intervention to regulate and guide economic activity. This hybrid system allows for a dynamic interplay between private enterprise and public policy, fostering economic growth while addressing social welfare and market failures. The government’s role encompasses regulation,…
Economy Of Armenia
The economy of Armenia experienced a notable expansion in 2024, with the International Monetary Fund estimating a growth rate of 5.9 percent. This growth propelled the country’s total economic output to approximately $25.5 billion, reflecting a continued recovery and development trajectory following previous years of volatility. The 2024 performance built upon a series of fluctuating…
Economy Of Argentina
Argentina possesses the second-largest economy in South America, surpassed only by Brazil, positioning it as a key economic player within the region. This status reflects a combination of its substantial natural resources, diversified industrial sectors, and a historically significant agricultural export base. The country’s economic stature is further underscored by its classification under the United…
Economy Of Antigua And Barbuda
The economy of Antigua and Barbuda is predominantly service-oriented, with tourism and government services constituting the principal sectors that drive employment and income generation. Tourism, in particular, plays a pivotal role, directly or indirectly contributing to more than half of the nation’s Gross Domestic Product (GDP). This sector serves as the primary source of foreign…
Economy Of Angola
The trajectory of Angola’s per capita gross domestic product (GDP) from 1950 to 2018 reveals significant long-term economic fluctuations when adjusted for inflation to 2011 International dollars. This adjustment facilitates a more accurate comparison of real income levels over time by accounting for changes in price levels and currency values. Throughout the mid-20th century, Angola’s…