Rabat – The US Central Intelligence Agency has issued new “World Factbook” figures on global military expenditures. Morocco was ranked 26th in the ratio of military spending to GDP because it spent 3.28 percent of its Gross Domestic Product (GDP) on the military in 2016, just behind the US at 3.29 percent. Morocco’s GDP in 2016 was $103.35 billion, according to Statista.com. Algeria remains the top spender compared to GDP in Africa and the fifth in the world. Morocco’s eastern neighbor spent 6.55 percent of its GDP on the military in 2016. Oman topped the list globally, spending 13.73 percent of its GDP on the military, while South Sudan spent 10.93 percent. Several countries in the Middle East spend a significant portion of their GDP on the military. Saudi Arabia ranked third globally at 9.85 percent, while the UAE came sixth with 5.66 percent. Kuwait and Lebanon ranked 9th and 10th. Tunisia was ranked 40th at 2.32 percent and Egypt came 63rd at 1.67 … [Read more...] about CIA: Moroccan Military Spending to GDP Ratio Is 26th Highest in World
Gdp list 2016
MUMBAI/BENGALURU: India's annual economic growth surged to a more than two-year high of 8.2 percent in the three months ended June, powered by a strong performance of manufacturing and consumer spending, Reuters reported. The latest period's annual pace beat a Reuters poll forecast of 7.6 per cent, and was the highest since India logged 9.3 percent growth in the January-March quarter of 2016. In the same quarter last year, India's growth languished at 5.6 percent - far too slow to generate jobs for the mass of young people joining the labour market each year. Here is how Dalal Street experts and economists reacted to today’s GDP print: Arun Thukral, MD & CEO Axis Securities GDP expansion of 8.2% in the first quarter of FY19, was better than expectations and is above the growth rate trend in the last eight quarters reflecting a turnaround in the economy and its intrinsic resilience. The better than expected growth in manufacturing and other key sectors is likely to lead to an … [Read more...] about India’s GDP growth hits 2-year high in Q1; Look what analysts have to say
Michael B. Sauter, Samuel Stebbins and Evan Comen 24/7 Wall Street Published 12:13 p.m. UTC Aug 27, 2018 By several measures, the national economy is the strongest it has been in decades. The U.S. monthly unemployment rate now sits comfortably below 4%, and we are in the second longest period of GDP growth since World War II. In most states, unemployment has improved in recent years as well, but that is not to say every state economy is equally healthy. Some states are experiencing an economic boom, while others continue to struggle with job losses, poor GDP growth, and poverty. Economic vitality is as much about growth as it is about a state's ability to support its population -- with jobs, education, and economic opportunities. In turn, employed, better-paid, and better-educated residents contribute to economic growth. 24/7 Wall Street reviewed economic growth, poverty, unemployment, job growth, and college attainment rates to compare and rank state economies. The best … [Read more...] about Which state tops list for having the best and worst economies?
If you haven’t seen the recently released annual report of the Central Bank of Nigeria (CBN) for the period ended December 31, 2017, especially with regard to the values of the nation’s non-oil export revenues on one hand, and the amount each of the top 100 exporters made as earnings during the same period, you might not understand the rationale behind this question. The CBN reported improvement in the nation’s non-oil export earnings as at the end of 2017 but the share of non-oil exports relative to GDP is declining. It is on record that in the last two years the CBN had devalued the naira with a view to addressing the pressures in the foreign exchange market. The policy was also meant to make Nigeria’s goods competitive at the international market. “Non-oil revenue (gross), at N3, 207.9 billion, or 2.5 per cent of GDP, accounted for 43.8 per cent of total revenue, indicating a 9.8 per cent increase above the level in 2016. The rise in non-oil … [Read more...] about Why is the share of non-oil export to GDP declining?
Kif Leswing, provided by Published 1:00 am CDT, Thursday, August 23, 2018 WASHINGTON, DC - DECEMBER 14: Jeff Bezos arrives at "The Post" Washington, DC Premiere at The Newseum on December 14, 2017 in Washington, DC. WASHINGTON, DC - DECEMBER 14: Jeff Bezos arrives at "The Post" Washington, DC Premiere at The Newseum on December 14, 2017 in Washington, DC. Photo: Leigh Vogel, Getty Images Jeff Bezos is very rich. Here are things his Forbes net worth ($143.1 billion) are worth more than. Jeff Bezos is very rich. Here are things his Forbes net worth ($143.1 billion) are worth more than. Photo: P-I File Bill Gates His net worth, according to Forbes' latest report, is about $50 billion less than Bezos. Bill Gates His net worth, according to Forbes' latest report, is about $50 billion less than Bezos. … [Read more...] about Check out the first job listing Jeff Bezos ever posted for Amazon, from 24 years ago (AMZN)