The economic data this year have reinforced our long-standing optimism about post-pandemic normalization. Global GDP growth is tracking at 2.7% in 2024, similar to the 2023 pace and slightly above our estimate of potential, with US growth again leading the way among DMs. Global labor markets h...
Figure 1. Location of Quzhou County in Hebei Province, China. Quzhou County is a main grain production region, in which wheat, maize, and cotton are the main crops grown. In 2020, the cultivated land area reached 74.23%, the multiple cropping index was 1.52, and the GDP of the primary...
GDP growth:This is the annual percentage growth rate of nominal GDP in local prices and currencies, which estimates how fast a country’s economy is growing. GDP per capitain current U.S. dollars:This is nominal GDP divided by the number of people in a country. GDP per capita measures how...
The year 2023 marks the mid-point of the 15-year period envisaged to achieve the Sustainable Development Goals, targets for global development adopted in September 2015 by all United Nations Member States. To help track where we are on this journey, and to amplify success stories, in this ...
Global projections of macroeconomic climate-change damages typically consider impacts from average annual and national temperatures over long time horizons1–6. Here we use recent empirical findings from more than 1,600 regions worldwide over the past 40
(63%ofthepopulation)subscribedtoamobileAsiaPacific’sGDP,acontributionthatamounted service.Growthinmobileinternetpenetrationhasto$880billionofeconomicvalueadded,and beenremarkable.Attheendof2023,51%ofthesupportedaround13millionjobsacrosstheregion. region’spopulationusedmobileinternet,equating ...
The share of GDP generated by America’s 100biggest companies rose from about 33% in 1994 to 46% in 2013. The five largestbanks account for 45% of banking assets, up from 25% in 2000. In the home ofthe entrepreneur, the number of startups is lower than it has been at any time...
August 21, 2023- Understanding why the GDP per capita of Mapusa in Goa, India, is around $33,000, same as Porto, Portugal, even when India's per capita GDP hovers at $2,389 (per capital GDP of Portugal is 5X India's) could give an idea of how resources can be deployed where th...
Note: The latest observations are for the fourth quarter of 2022 for the inventory investment-to-GDP ratio and the first quarter of 2023 for PMI stocks and adequacy of stocks. The energy crisis The energy crisis has had similar effects. The sharp increase in wholesale energy and commodity pric...
The Yangtze River Delta region is one of the regions with the highest level of socio-economic development in China. With 2.2% of China’s land area and 11% of its population, it generates about 20% of its GDP. By the end of 2020, the urbanization rate of the resident population was ...