Abstract
The data, which projects trade growth between Congo and the Dominican Republic at 85.6% in 2023, suggests some interesting trends. These countries may be experiencing rapid growth due to recent economic changes and investment promotion policies. In particular, with Congo’s abundant mineral resources, the development of mining and related industries is thought to be accelerating trade growth. Meanwhile, the Dominican Republic’s growth is driven primarily by the expansion of tourism and the service industry. This growth is likely driven by international investment and trade agreements, which are encouraging economic diversification. As a result, we are seeing a movement to break away from past economic dependence and build a more stable economic foundation.
Imports of goods and services (annual growth rate)
Somalia’s annual growth rate of sales of goods and services of 193 percent in 1977 indicates rapid economic expansion at the time. During this period, Somalia achieved economic growth through the implementation of socialist policies and large-scale development projects. But in the decades that followed, civil war and political instability took a toll on the economy. Especially since the 1990s, Somalia’s economic growth rate has declined sharply due to the prolonged civil war and the collapse of state functions. The 2.9% growth forecast for 2023 reflects a still-weak growth rate, highlighting the difficulties of economic recovery so far and how complex rebuilding the country will be. Thereby, Somalia’s economic transition highlights the importance of the impact of political stability on economic growth.
The maximum is 24.3TUSD[2022] of World, and the current value is about 94.5%
Imports of goods and services (annual growth rate) (worldwide)
Somalia’s annual growth rate of 193% in sales of goods and services in 1977 represents the rapid economic expansion of the time. During this period of rapid growth, Somalia adopted socialist economic policies and pursued a state-led development program. However, amid continuing civil war and political instability, the economy has deteriorated sharply. In the 1990s, the economy suffered serious damage due to civil war and the collapse of state functions. This has resulted in Somalia being unable to sustain economic growth for the long term, with growth expected to be just 2.9% in 2023. Somalia’s economic downturn highlights the importance of national stability and governance. The case of Somalia shows that political stability and an established legal framework are essential for sustainable economic growth.
The maximum is 3.27TUSD[2022] of United States, and the current value is about 95.1%
Imports of goods and services (annual growth rate) (World Country, latest year)
Armenia’s high growth rate of 28.3% in 2023 data represents an unusual case. Armenia’s rapid growth can be attributed to the boom in certain industries and large-scale foreign investment. In contrast, the overall average growth rate of -172% suggests very widespread economic contraction or negative growth. In particular, civil war, economic crisis, and pandemics may be contributing factors. The -21.9% combined growth rate also indicates that the economy as a whole is struggling, with many countries and regions still struggling to recover economically. These data illustrate the uneven nature of the global recovery and the diversity of economic situations across countries, highlighting the need for economic policies and international support.
The maximum is 3.11TUSD of United States, the average is 183GUSD, and the total is 20.9TUSD
Imports of goods and services (annual growth rate) (region, latest year)
The characteristics of the annual growth rate of goods and services sold in the 2023 data reflect the large differences in economic conditions across regions. The high growth rate of 10.4 percent in Eastern and Southern Africa suggests the success of certain industries and economic policies in these regions. For example, agricultural innovation, the growth of the digital economy, and foreign investment may be driving growth. On the other hand, the overall average growth rate of -3.97% indicates economic stagnation or contraction across the world. In particular, geopolitical tensions and a slow post-pandemic recovery are likely to have an impact. Additionally, the extreme total growth rate of -39.7% indicates that there are regions where the economy is shrinking significantly. In these regions, war, civil conflict, or failed economic policies may be major contributing factors. These data show that the global economic recovery will vary significantly across regions, highlighting the need for coordination of economic policies and international assistance. In particular, success stories from regions experiencing high growth rates could provide valuable models for recovery elsewhere.
The maximum is 22.9TUSD of World, the average is 22.9TUSD, and the total is 22.9TUSD
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