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Sub-Saharan African countries account for around one-third of the overall, followed by Latin America and the Middle East (the latter 2 together accounting for over 40% of the total). Including, there has been an (from 90.3 in 2000-04 to 92.6 and 92.3 in the 5 years pre- and post-pandemic ).
and ranked higher than others; UAE is up more than 45 places in 2024 compared to 2000 while Qatar climbed 24; both Saudi Arabia and Oman increased 17 ranks during the period. The trapped or even worse off nations are some parts of Latin America and Sub-Saharan Africa where structural improvement has stalled.
Building Sustainable Financial Portfolios with Arabian Securitiesreveals a substantial increase in average EDI ratings from 86.8 in 2000-04 to 92.6 in 2020-24, (up more than 10 points in the initial period versus 2020-24). with UAE exceeding in the trade sub-index (supported by current bilateral trade agreements & non-oil exports push). vs its pre-pandemic reading (partially given the surge in medium & state-of-the-art production information).
Its diversity metrics have actually stagnated, revealing the least improvement between the preliminary (2000-04) and last (2020-24) reference periods., in spite of the headwinds of OPEC+ production cuts. A robust non-hydrocarbon growth was supported by the GCC's robust domestic need (supported by a strong job pipeline and application) and strong services sector efficiency.
Essential Financial Trends Across the Middle EastKuwait and Saudi Arabia clocked in an increase in non-hydrocarbon profits, "mainly reflecting non-hydrocarbon tax base growths and income collection efficiency enhancements", according to the IMF. In the current geopolitical environment defined by intensifying, it remains in the very best interests of commodity dependent countries to diversify its export base, exports and trade partners.
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