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The development of one or more substantial manufacturing sectors with a high rate of growth; he indicates the leading sectors in the economy. Rostow regards the development of leading sectors as the 'analytical bone structure' of the stages of economic growth. There are generally three sectors of an economy: Primary Sector - Agriculture
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
For change of GDP per capita over time as a measure of economic growth, see real GDP growth and real GDP per capita growth. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition are included in the list in cases in which they appear in the sources. These economies are ...
10% growth of the economy a year up to 2012 [70] [94] In January, 2013 Finance Minister Tendai Biti announced that Zimbabwe's national public account held just $217. [96] The election budget for the July 2013 presidential election was $104 million and government budget for 2013 was $3.09 billion at a projected economic growth of 5 per cent. [97]
The numbers needed to break into the top 25%, 10% and 0.1% of net worth in the U.S. are higher than ever, so if you’ve ever wondered what it takes to join these elite groups – or how you might ...
Growth has been present throughout the continent, with over one-third of African countries posting 6% or higher growth rates, and another 40% growing between 4% and 6% per year. [20] Several international business observers have also named Africa as the future economic growth engine of the world.
It is often considered to be the world's most powerful statistical indicator of national development and progress. However, critics of the growth imperative often argue that GDP measures were never intended to measure progress, and leave out key other externalities, such as resource extraction, environmental impact and unpaid domestic work. [10]
Revenues grew 58% year over year on an FX-neutral basis to $11.5 billion in 2024 and driven by sustained ARPAC growth, up 23% year over year in FX-neutral terms to $10.7; our efficiency ratio ...