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Wishing all our clients and business partners around the globe a season of joy and continued success in the new year.

The Portuguese Institute of Statistics confirmed that the country’s GDP grew by 2.6% on a quarterly basis and by 11.9% on an annual basis in the first quarter of 2022. The growth was driven by private consumption and tourism.

At this rate of growth, Portugal experienced the fifth largest economic expansion among the 27 member states in the first quarter of this year. In the comparison on an annual basis, Portugal emerges as the country with the greatest growth (11.9%), followed by Ireland (11.3%) and Slovenia (9.6%).

As regards forecasts for the current year, Portugal’s GDP will grow by 5.4% instead of the 5.8% expected in December last year.

Read more in our latest country report

Country report Portugal Economic overview The Portuguese Institute of Statistics confirmed that the country’s GDP grew by 2.6% on a quarterly basis and by 11.9% on an annual basis in the first quarter of 2022. The growth was driven by private consumption and tourism. At this rate of growth, Portugal experienced the fifth...

Since joining the EU, Poland has had the need for the construction and modernization of various infrastructures to reach EU standards: from railway, road, motorway and airport infrastructure, to health, urban, etc.

Therefore, as part of the economic and social cohesion policy, with the aim of promoting balanced and sustainable development throughout the Community territory, Poland has received substantial funds from the European Union amounting to 82.5 billion euros for the period 2014-2020, to which were added 32 billion for the CAP.

These funds have helped to further accelerate the country’s development, opening up great possibilities for foreign investors. The recipient sectors of these funds were: infrastructure and the environment, innovation, education, the technological and IT sector, eastern Poland, support for the PA and cohesion policy.

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Country report Poland Economic overview Since joining the EU, Poland has had the need for the construction and modernization of various infrastructures to reach EU standards: from railway, road, motorway and airport infrastructure, to health, urban, etc. Therefore, as part of the economic and social cohesion policy, with...

Perù’s government has announced the launch of more than 30 public-private projects worth nearly $9 billion, aimed at boosting the economy hit by violent anti-government protests. The projects, involving road infrastructure, energy and sanitation, are set to start between this year and 2024, according to state investment promotion agency head Jose Salardi, speaking at an event with investors.

“The key is to regain trust,” Salardi said, adding that the government is streamlining processes, standardizing contracts and coordinating with the private sector.

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Country report Perù Economic overview Perù’s government has announced the launch of more than 30 public-private projects worth nearly $9 billion, aimed at boosting the economy hit by violent anti-government protests. The projects, involving road infrastructure, energy and sanitation, are set to start between this ye...

The Paraguayan economy will record the highest growth in the region in 2023, reaching 5.2%, according to the latest World Bank projections released yesterday. After a year complicated by the effects of drought. In this context it should be noted that the figure even exceeds the expectations of the Central Bank of Paraguay (BCP) which forecasts an expansion of the Gross Domestic Product (GDP) of 4.5%.

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Country report Paraguay Economic overview The Paraguayan economy will record the highest growth in the region in 2023, reaching 5.2%, according to the latest World Bank projections released yesterday. After a year complicated by the effects of drought. In this context it should be noted that the figure even exceeds the exp...

The Sultanate presents itself as a country capable of reconciling tradition and modernity, economic development, but also social progress, through careful management of the fundamental levers of the economy, which has made it possible to keep inflation under control despite an accommodating monetary policy aimed at promote growth.

Member of the Customs Union of the Gulf Cooperation Council and of the WTO, its customs tariffs, except for some sensitive sectors, are very low. The country has not joined OPEC.

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Country report Oman Economic overview The Sultanate presents itself as a country capable of reconciling tradition and modernity, economic development, but also social progress, through careful management of the fundamental levers of the economy, which has made it possible to keep inflation under control despite an acco...

Norway’s extraordinary earnings have raised a lot of criticism, especially from the countries that have suffered the most from the energy crisis and the resulting rise in bills. Some foreign newspapers have even accused the nation led by Jonas Gahr Støre of having profited from the war conflict, especially when it resisted, within the European Union, on the occasion of the approval of the gas price ceiling at 180 euros. Accusations that Norway has strongly rejected, stating that it has never taken advantage of what was happening in Ukraine, but that it has always acted conscientiously. In this regard, part of the profits made (75 billion crowns, equal to 6.8 billion euros) were allocated to military and civilian aid to Ukraine for the five-year period 2023-2027.

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Country report Norway Economic overview The Russia-Ukraine war has proved to be a bonanza for Norway in 2022. Based on estimates by Statistics Norway, a Norwegian public research body that collects, analyzes and publishes statistical information on the country’s economy, population and society, last year, revenues from...

In 2022, GDP growth was 3.5% (3.6% in 2021). As in the past, enormous disparities remain in the distribution of income. The ambitious goal set by the Government of returning to the top 20 economies in the world by 2020 has not been achieved: the Nigerian economy is currently in 30th place.

Nigeria implements protectionist policies in favor of the weak national industry, through bans on imports and ad valorem duties on various types of goods. Due to widespread corruption, many goods can be found locally albeit at high prices contributing to a substantial increase in inflation.

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Country report Nigeria Economic overview In 2022, GDP growth was 3.5% (3.6% in 2021). As in the past, enormous disparities remain in the distribution of income. The ambitious goal set by the Government of returning to the top 20 economies in the world by 2020 has not been achieved: the Nigerian economy is currently in 30t...

The country’s economy was based on the agricultural sector for a long time. To maintain stability and prosperity, work has been done on the development of sectors such as tourism and industry on which the brilliant economic situation of the country that you will find during your tour of New Zealand is based.

The country’s GDP reaches a little over 168 billion dollars and the annual GDP per inhabitant is around 30,400 dollars (€27,300). The unemployment rate is very low, only 3.5% and the growth rate is around 2.5%. The inflation rate is also low, remaining at 1.3%. Public debt represents about 30% of GDP and the value of exports is slightly higher than that of imports. New Zealand’s main trading partners are Australia, the United States, Japan, China, Malaysia, Singapore and Germany.

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Country report New Zealand Economic overview The country’s economy was based on the agricultural sector for a long time. To maintain stability and prosperity, work has been done on the development of sectors such as tourism and industry on which the brilliant economic situation of the country that you will find during your ...

The Netherlands is the fifth largest economy in the Economic and Monetary Union (after Germany, France, Italy and Spain) and boasts the third highest GDP per capita in the Eurozone, after Luxembourg and Ireland (Eurostat). According to the World Bank’s “Doing Business 2020” report, they are ranked 24th out of 190 countries for ease of opening and running a business and 42nd for ease of doing business in general. According to the World Economic Forum’s Global Competitiveness Report 2019, they are the fourth largest economy in the world by competitiveness.

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Country report The Netherlands Economic overview The Netherlands is the fifth largest economy in the Economic and Monetary Union (after Germany, France, Italy and Spain) and boasts the third highest GDP per capita in the Eurozone, after Luxembourg and Ireland (Eurostat). According to the World Bank’s “Doing Business 2020” r...

After the terrible repercussions caused by the pandemic, the country seems to have gradually returned to normal growth levels and in 2021 recorded a GDP growth rate at constant prices of +4%. However, Nepal remains one of the poorest countries in South Asia.

Per capita income in 2021 was approximately $1,218, up from $900 in 2018. The latest available data show a particularly large segment of the population (25%) living below the threshold of poverty.

Country report Nepal Economic overview After the terrible repercussions caused by the pandemic, the country seems to have gradually returned to normal growth levels and in 2021 recorded a GDP growth rate at constant prices of +4%[1]. However, Nepal remains one of the poorest countries in South Asia. Per capita income in...

According to most observers, the decision by the Burmese junta to extend the state of emergency for another six months is an act that demonstrates its great weakness. The decision was made by General Min Aung Hlaing, chairman of the State Administration Council (SAC) and Supreme Commander of the Burmese Armed Forces, on February 1, 2023, two years after the overthrow of the government of the National League for Democracy (LND ) by Aung San Suu Kyi.

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Country report Myanmar Economic overview According to most observers, the decision by the Burmese junta to extend the state of emergency for another six months is an act that demonstrates its great weakness. The decision was made by General Min Aung Hlaing, chairman of the State Administration Council (SAC) and Supreme Co...