The Philippine Development Plan (PDP), 2011–2016 called for real gross domestic product (GDP) to grow by an average of 7%–8% per year; for investments to reach 22% of GDP by 2016, compared to 19.7% during 2011–2013; and for extreme poverty to decline to 17% by 2016 from 33% in 1991. However, years of underinvestment in infrastructure had put the Philippines at a competitive disadvantage compar
Bangladesh has undergone rapid socioeconomic progress in recent decades, attaining lower middle-income status in 2015. Between 2001 and 2019, poverty declined from 48.9% to 20.5%, and extreme poverty from 34.3% to 10.5%. However, the country has faced several challenges in its continuing climb to upper middle-income status. These challenges include (i) boosting investment to accelerate econo
Samoa’s narrow economy and limited resources create a difficult environment for business, and make the country highly vulnerable to global economic shocks. Frequent natural calamities exacerbate this vulnerability, as demonstrated by the cascade of negative impacts on the country’s economy by the global financial crisis in 2008, a tsunami in 2009, and Tropical Cyclone Evan in 2012.
Beijing and Tianjin municipalities and Hebei province make up the economically important Beijing–Tianjin–Hebei (BTH) region in the northern part of the People’s Republic China (PRC). Home to 109.2 million people, the region generated 10% of national gross domestic product (GDP) in 2013. It is an engine of PRC’s socioeconomic development, but poor air quality jeopardizes sustainable growth.