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Economic potential is the potential of a region, nation, or corporation for economic development and growth. Typically, discussions of economic potential occur when available resources have not yet been tapped and fully developed or exploited, possibly because of missing infrastructure.
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [11] were living in 53 countries in Africa. Africa is a resource-rich continent. [12] [13] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [14]
- 3.7% (2023 est.)
- 1.39 billion
- $2,140 (nominal; 2023 est), $6,360 (PPP; 2023 est)
Romania is a country of considerable economic potential: over 10 million hectares of agricultural land, diverse energy sources (coal, oil, natural gas, hydro, nuclear, and wind), a substantial, if aging, manufacturing base and opportunities for expanded development in tourism on the Black Sea and in the mountains.
- Calendar year
- Leu (RON, L)
- 19,051,562 (1 Jan 2023 est.)
68. Egypt. -0.23. 2015. Difference in 1995: 0.71 ECI points for Thailand. Difference in 2015: 1.28824 ECI points for Thailand. Increase for Egypt 1995-2015: 0.18037 ECI Points. Increase for Thailand 1995-2015: 0.7575 ECI Points. When we dig deeper into the export data of both countries, we can deduce that the differences were mainly in the ...
v. t. e. Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. [1] Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP).
Business portal. v. t. e. (Production and national income) Macroeconomics takes a big-picture view of the entire economy, including examining the roles of, and relationships between, firms, households and governments, and the different types of markets, such as the financial market and the labour market. Macroeconomics is a branch of economics ...
Economics. In economics, potential output (also referred to as " natural gross domestic product ") refers to the highest level of real gross domestic product (potential output) that can be sustained over the long term. Actual output happens in real life while potential output shows the level that could be achieved.
