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Sub-Saharan African countries account for around one-third of the total, followed by Latin America and the Middle East (the latter 2 together accounting for over 40% of the total). Including, there has actually been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the 5 years pre- and post-pandemic ).
and ranked greater than others; UAE is up more than 45 places in 2024 compared to 2000 while Qatar climbed up 24; both Saudi Arabia and Oman rose 17 ranks during the period. The caught or worse off countries are some parts of Latin America and Sub-Saharan Africa where structural transformation has actually stalled.
Forget Direct Ownership: Why REITs Are the Smart Choiceshows a significant boost in typical EDI scores from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the preliminary period versus 2020-24). with UAE outperforming in the trade sub-index (supported by current bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partially provided the rise in medium & high-tech manufacturing information).
Its diversification metrics have actually stagnated, revealing the least improvement in between the preliminary (2000-04) and final (2020-24) reference periods., despite the headwinds of OPEC+ production cuts. A robust non-hydrocarbon growth was supported by the GCC's robust domestic demand (supported by a strong job pipeline and application) and strong services sector performance.
Kuwait and Saudi Arabia clocked in a boost in non-hydrocarbon profits, "mostly reflecting non-hydrocarbon tax base expansions and profits collection effectiveness enhancements", according to the IMF. In the present geopolitical environment identified by intensifying, it remains in the very best interests of commodity reliant countries to diversify its export base, exports and trade partners.
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