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The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms. As of 2023, Kazakhstan attracted more than US$370 billion of foreign investments since becoming an independent republic after the dissolution of the former Soviet Union. [18] It possesses oil reserves as well as minerals and metals.
UBS publishes various statistics relevant for calculating net wealth. These figures are influenced by real estate prices, equity market prices, exchange rates, liabilities, debts, adult percentage of the population, human resources, natural resources and capital and technological advancements, which may create new assets or render others worthless in the future.
In Upper Egypt, tourists that "provided one of the most important sources of income besides farming has dried out". [127] Grand Egyptian Museum. Egypt's government announced the work on multiple projects within the tourism sector, most prominently the Grand Egyptian Museum. Set to open in June 2021, becoming the largest museum in the world ...
"PPP conversion factor is a spatial price deflator and currency converter that eliminates the effects of the differences in price levels between countries." "Typically, higher income countries have higher price levels, while lower income countries have lower price levels (Balassa–Samuelson effect). Market exchange rate-based cross-country ...
Kazakhstan's location on the world map. Kazakhstan joined the World Bank in 1992 after it had gained independence from the Soviet Union in 1991. Kazakhstan has one of the fastest growing economies in the world, and as a result had its classification changed from a lower-middle income state to an upper-middle income state in 2006. [1]
Kazakhstan, [d] officially the Republic of Kazakhstan, [e] is a landlocked country primarily in Central Asia, with a small portion situated in Eastern Europe. [f] It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbekistan to the south, and Turkmenistan to the southwest, with a coastline along the Caspian Sea.
World median income: purchasing power parity $1,041, €950 (1993) [30] GDP – composition by sector: agriculture: 4%; industry: 32%; services: 64% (2004 est.) Inflation rate (consumer prices); In economics, inflation is a general rise in the price level in an economy over a period of time, resulting in a sustained drop in the purchasing power ...
The Nile River provides Egypt with some of the most fertile land in the Middle East. It produces food for consumption and export as well as cotton for domestic and foreign textile production. Egypt's other great resource is the Suez Canal. Roughly 7.5% of global sea trade transits the canal providing Egypt revenues in excess of $3 billion ...