Iran Economy Facts
Economical overview Two circumstances have made a mark on Iran’s economy in modern times: Oil is the country’s most important export commodity; it makes society sensitive to fluctuating oil prices. And contradictions with other...
Author: ebizdir
Iraq Economy Facts
Economical overview Iraq has the world’s fifth largest oil resources. The country also has plenty of minerals and fertile land. During the 1970s and 1980s large investments were made in education and the future...
Ireland Economy Facts
Economical overview The economy underwent a rapid transformation after the crisis year of the 1980s. With the help of foreign investment, the country built up a strong high-tech industry. At the same time, tourism...
Israel Economy Facts
Economical overview Israel has gone from agricultural wonder to IT paradise. High-tech products and services have increased the world’s interest in exchanging with Israel. Government control of the economy has had to give way...
Italy Economy Facts
Economical overview Italy’s economy and commodity exports are largely based on the manufacturing industry, but it is the tourism sector that dominates. The international financial crisis caused major problems for the country. In addition,...
Ivory Coast Economy Facts
Economical overview Agriculture is the most important industry in the Ivory Coast, which is the world’s largest exporter of cocoa. During the 2000s, the country has also become a significant oil and gas producer....
Jamaica Economy Facts
Economical overview Bauxite, tourism, telecommunications service centers as well as money shipments from Jamaicans abroad provide the main revenue in Jamaica. The informal sector is also important. In the 1960s, the economy was based...
Japan Economy Facts
Economical overview Japan is an economic powerhouse and for many years had the world’s second largest economy after the United States. In 2010, however, China took second place. But since 1990, Japan has had...
Jordan Economy Facts
Economical overview Jordan’s economy is heavily dependent on what is happening in the region. Over the years, wars, conflicts and riots in the immediate area, although not directly affected by Jordan, have had major...
Kazakhstan Economy Facts
Economical overview Kazakhstan’s economy is dominated by the oil industry; it accounts for over half of export earnings and contributes to almost a third of GDP. Falling oil prices contributed to an economic crisis...
Kenya Economy Facts
Economical overview Kenya is East Africa’s largest economy and is a center for finance, IT technology and transport in the region. The industrial sector is considerably larger and more varied than in neighboring countries....
Kiribati Economy Facts
Economical overview Kiribati is regarded by the UN as one of the world’s least developed countries. The vast distances between the islands of Kiribati make it difficult to develop a modern economy. A large...
Kosovo Economy Facts
Economical overview Kosovo is one of Europe’s poorest countries, with a great dependence on transfers from abroad. Unemployment is high and the level of education is low. B ehind poverty is also war, corruption...
Kuwait Economy Facts
Economical overview Since the Second World War, Kuwait has undergone dramatic development from poor desert land with pearl fishing as the main source of income to one of the world’s richest countries. Today, the...
Kyrgyzstan Economy Facts
Economical overview The poor mountain country of Kyrgyzstan has a small cultivable area and an underdeveloped industry. Kyrgyzstan is dependent on aid from Russia, China and the western world and hopes for growing foreign...
Laos Economy Facts
Economical overview Laos is one of the poorest countries in Asia. Poor communications and lack of both capital and educated manpower have left the country’s natural wealth largely unused, something that is now changing....
Latvia Economy Facts
Economical overview It took until 2011 before Latvia’s economy began to grow again after the dramatic decline in the late 00s. After a couple of relatively good years, growth slowed down in the mid-2010s,...
Lebanon Economy Facts
Economical overview Higher prices for community services such as water, electricity and telecommunications services. Close between system interruptions. Limited withdrawals from the banks. More and more people are losing their jobs. A currency that...
Lesotho Economy Facts
Economical overview Lesotho is small and isolated and has limited assets, which makes it difficult to get a robust growth going. The dependence on developments in the surrounding South Africa is great. Agriculture is...
Liberia Economy Facts
Economical overview Liberia is rich in natural resources such as water, minerals and forests and has a climate that benefits agriculture. Yet poverty is deep and widespread. During the civil war in the 1990s...
Libya Economy Facts
Economical overview Libya’s economy is completely dominated by the oil and gas sector, which before the civil war in 2011 accounted for almost all the state’s revenue and basically all exports. Oil production has...
Liechtenstein Economy Facts
Economical overview Liechtenstein is one of the world’s richest countries in terms of gross domestic product (GDP) per inhabitant. However, the figure is not really clear, as more than half the workforce lives in...
Lithuania Economy Facts
Economical overview Lithuania’s economy is fully aligned with the EU and since the New Year 2015, the country has joined the euro. After a turbulent period during the global financial crisis of 2008-2010, the...
Afghanistan Economy Facts
Economical overview Afghanistan has an artificial war economy, developed around the presence of foreign soldiers and the many international aid and development projects after the fall of the Taliban violence in 2001. This economy...
Albania Economy Facts
Economical overview When the Communist regime fell in 1991, Albania was one of Europe’s poorest countries. The isolation from the outside world had made the country far behind other eastern states. The transition from...
Luxembourg Economy Facts
Economical overview Luxembourg is one of the world’s richest countries, per capita. Prosperity was built up by a successful industry, but today rests mainly on the strong banking and financial sectors. Several major global...
Macedonia Economy Facts
Economical overview Northern Macedonia is one of Europe’s poorest countries with high unemployment and a large proportion of the population who are outside the formal economy. A domestic political crisis caused growth to fall...
Madagascar Economy Facts
Economical overview Despite natural resources in the form of minerals, gemstones and forests, Madagascar has had a weak economic development and is among the world’s poorest countries. Isolation from the outside world during the...
Malawi Economy Facts
Economical overview Malawi’s economy is based on agriculture, which accounts for 85 percent of export earnings. Dependence on agriculture makes the country sensitive to weather conditions and declining world market prices for the country’s...
Malaysia Economy Facts
Economical overview Since independence in 1957, Malaysia has developed from a commodity-producing developing country to an upper-middle-income country, whose economy is dominated by the manufacturing industry for export and a large service sector, including...