Its relatively small population and status as the world’s biggest gas exporter have helped Qatar become the richest country globally in terms of GDP per capita, which stood at $72,700 at current prices in 2019, according to IMF estimates. In recent years, however, the nation has faced strong economic headwinds from a drop in global energy prices to a diplomatic blockade.
Changing labour market trends, in part a result of efforts to boost the number of domestic citizens in the workforce, are shifting Saudi Arabia’s economy and the retail sector in particular.
Articles & Analysis | Large shopping centres and e-commerce find opportunity in Sri Lanka from The Report: Sri Lanka 2019
Sri Lanka’s retail sector has evolved into a powerful driver of growth and opportunity. Over the last decade, fast-paced urbanisation has enticed significant investment in commercial real estate. As such, modern outlets are gradually replacing small informal merchants. While traditional vendors still play an important role in the market,...
Interviews & Viewpoints | Prabhash Subasinghe, Managing Director, Global Rubber: Interview from The Report: Sri Lanka 2019
What effect has regional competition had on players in Sri Lanka’s rubber industry?
Articles & Analysis | High-tech solutions bolster Sri Lanka's textile industry from The Report: Sri Lanka 2019
Sri Lanka is regarded as one of the best locations for clothing manufacturing in the Asia-Pacific region, driven by its proximity to major textile importing countries and the availability of cheap labour. The clothing industry also has a substantial presence, accounting for 30% of total employment within the manufacturing segment, and over one...
Articles & Analysis | The world gears up for the next industrial revolution from The Report: Sri Lanka 2019
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are bringing emerging markets improved productivity, as well as risks – namely, reshoring and the displacement of human labour by...