Countries with high debt levels are more susceptible to collapse when economic shocks occur. The GDP of São Tomè and Prìncipe is $350 million. It has a population of 103,000 people and a total GDP of $403 million. It has an unemployment rate of 14.3% which is very high with reference to other nations. Estonia: 9.5%: 5.

Some have argued that one of the main reasons why Iceland was able to get itself out of debt is the country’s Protestant heritage: the theory is that Protestant countries tend to be more receptive to financial discipline and austerity measures in times of financial strife. Its low GDP of $183 million can be attributed to their possession of few natural resources. Other contributions to the economy include satellite and telecommuication services. By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to our Privacy Policy, Halloween Offer - Online Business Valuation Training Learn More, Business Valuation Training (14 Courses), 14 Online Courses | 70+ Hours | Verifiable Certificate of Completion | Lifetime Access, Project Finance Training (8 Courses with Case Studies).
However, the country is still highly dependent on US financial aid to run its businesses. we can issue a permission document, granting non-exclusive rights to reproduce, store, publish, & distribute. Most recently, there have been opportunities that aim at improving the economy of Palau. Correction: October 15th, 2015. The country has a GDP of $322 million and the official language spoken is English.

Libya: 7.4%: 3.

Tonga’s economy is highly dependent on remittances made by its citizens who live in foreign nations such as New Zealand and Australia. But when we talk about the GDP, country A has a GDP of $ 4 trillion whereas country B has a GDP of $300 million. A study by World Bank shows that countries that have a debt to GDP ratio of more than 77% for a longer period of time are expected to go through slowdowns in the growth of their economy. Any funds borrowed accumulate as public debt, and will eventually have to be repaid. Therefore, the higher the ratio, the longer it will take for a country to pay off its debt. The economy of Vanautu is made up of tourism, agriculture which includes rearing cattle, and offshore financial services. We also included a color coding to illustrate the GDP growth rates of each country: red countries have negative growth rates (-5% to 0%), and green countries have very high growth rates of more than 5%. E-mail me the best content from, Select the way you want to use our Visualization.

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