As a leading exporter of oil and gas, as well as other minerals and metals, Russia's economy is highly sensitive to swings in world commodity prices. It is a major producer and exporter of electronics, telecommunications equipment, and motor vehicles. With this progress, however, South Korea also now faces some of the same challenges that many other advanced economies are dealing with, including slower growth and an aging workforce.
However, it has also left Australia vulnerable to swings in world commodity demand and prices in energy coal and natural gas , metals iron ore and gold , and agricultural products beef and sheep products. Many major U. Mexico supports a variety of exports, including consumer electronics, vehicles, and auto parts, and well as petroleum and agricultural products.
Major exports include coal and petroleum products, as well as agricultural commodities suitable for industrial use, such as rubber and palm oil. It has a highly developed agricultural sector and is the second largest agricultural exporter in the world. However, with global environmental concerns driving increasing interest in developing non-fossil fuel energy sources, the Saudis are looking to diversify their economy by encouraging more private investment in healthcare and other service industries.
The Saudi government has also begun to at least partially privatize Aramco, launching an IPO for the company in late Major industries include electronics, petrochemicals, and automotive production.
High-quality legal, political, and economic institutions and solid physical infrastructure set the stage for a productive economy with one of the highest per-capita GDPs in the world. Thailand is highly dependent on exports, which account for about two-thirds of its GDP. Its main exports include electronics, agricultural products, motor vehicles and parts, and food products. Thailand also has a substantial international tourism industry.
Sweden has taken in a large number of new immigrants and thus faces a short- to medium-term challenge with integrating them into Swedish society and its labor market.
Because of its deep integration with the rest of the European economy, Belgium is highly sensitive to swings in the overall economic performance of its neighbors. Belgium faces a high public debt burden relative to its GDP, which can constitute an obstacle to growth. One of the largest economies in Africa, Nigeria's economy relies heavily on the oil industry.
Other resource extraction industries, such as coal, tin, and other metal mining, are also important to the Nigerian economy. While oil dominates in terms of contribution to GDP and exports, between a fifth and half of Nigerians work in agriculture, mostly small-scale subsistence agriculture. Nigeria's economy has grown rapidly in past decades, but the nation also faces significant challenges such as desertification, lack of infrastructure, and government corruption.
World Bank. Bureau of Economic Analysis. CIA World Factbook. BBC News. Leaving the EU. The New York Times. Fell Short of Saudi Prince's Wish. The World Bank. Emerging Markets. International Markets. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content.
Create a personalised content profile. Measure ad performance. Select basic ads. When the city-state became independent in , one-half of its population was illiterate. With virtually no natural resources, Singapore pulled itself up by its bootstraps through hard work and smart policy, becoming one of the most business-friendly places in the world.
That is not as saying that it has been immune from the effects of the global downturn: in the economy plummeted a record 5. You can visit Luxembourg for its castles and beautiful countryside, its cultural festivals or gastronomic specialties.
Or you could just set up an offshore account through one of its banks and never set foot again, as many do. It would a pity though: situated at the very heart of Europe, this nation of about , has plenty to offer, both to its tourists and its citizens. Luxembourg uses a large share of its wealth to deliver better housing, healthcare and education to its people, who by far enjoy the highest standard of living in the Eurozone.
Yet, while both the global financial crisis and the pressure from the EU and OECD to reduce banking secrecy have had little impact on the economy, the coronavirus outbreak forced many businesses to close and workers to lose their jobs.
Still, through effective testing and contact tracing measures, Luxembourg has weathered the pandemic better than most of its European neighbors. Values are expressed in current international dollars, reflecting the corresponding exchange rates and PPP adjustments.
Menu Search Global Finance Magazine. November Editor's Letter. Log In Email Address. Password This is a valid message Forgot Password? Log In. Not registered on GFMag. Register now. A global pandemic re-shuffles Global Finance's ranking of the world's safest countries.
Friday, November 12, May 13, Author: Luca Ventura. Click here to see the World's Safest Countries. United States. Brunei Darussalam. Hong Kong SAR. United Arab Emirates. Taiwan Province of China.
United Kingdom. Czech Republic. Slovak Republic. Trinidad and Tobago. Kitts and Nevis. Antigua and Barbuda. Dominican Republic. Equatorial Guinea. North Macedonia. Bosnia and Herzegovina. This is because income is certainly not measurable over various countries if the money cannot be used to buy the same things. An income can therefore only be compared if the price structure in the respective countries is taken into account.
If we now adjust incomes for purchasing power, we obtain an internationally comparable fictitious currency: the PPP dollar. The calculations in this table are based on data for the year Evaluations for are expected as usual next spring, when the economic data have been collected and published. Wealth in small countries It is not surprising that so many small countries are in the top ranks.
The top 20 richest countries include 12 countries with fewer than 10 million inhabitants. Most of the small countries are not internationally positioned industrial nations, but generate most of their money from financial products.
Qatar and the Arab Emirates sit on huge oil reserves. In Europe, Luxembourg and Ireland are known for providing a safe and tax-efficient home for global players such as Amazon, Apple, Google and many others.
0コメント