More than a billion tourists travel every year. Tourism is a powerful tool for reducing poverty, boosting economic growth, building social progress and ensuring peace. In the past 20 years, the world's top tourist destinations have remained popular, but the share of tourism-related income going to low and middle income countries has been rising. Read more about international tourism data in this earlier blog.
The Financial Data Team of the Development Economics Data Group (DECDG) is pleased to announce the launch of our Online Quarterly Bulletin’s second edition, an e-newsletter spotlighting debt statistics news, trends, and events. The current issue features the following:
Organizing Public Sector Debt (QPSD) statistics to maximize their analytical use and international comparability
Bond Issuance by low- and middle-income countries in 2015
- External debt trends for high-income countries in 20105
- Debt statistics-related event summaries
One highlight in this edition is the introduction of the D1-D4 matrix, a cascading approach used to present the QPSD data. The primary aim of the QPSD initiative is to institute a standardized measure for each dimension of public sector debt. The QPSD database displays country data for the same set of debt instruments such as 1. debt securities, 2. loans, 3. currency and deposits, 4. Special Drawing Rights, 5. Other accounts payable, and 6. insurance, pensions, and standardized guarantee schemes for the following institutional sectors of the economy: 1) general government, (2) central government, (3) budgetary central government, (4) non-financial public corporations (5) financial public corporations, and (6) the total consolidated public sector debt.
"Forcibly Displaced" - a new report out today, offers a new perspective on the global crisis and how humanitarian and development actors can work together to support the individuals affected. The report draws on sources including the UNHCR's Global Trends 2015 which shows that 9 in 10 of the world's refugees originate from 20 countries, and 9 in 10 are hosted by about 40 countries.
About a quarter of the world's refugees live in camps. They are largely concentrated in Sub-Saharan Africa and South Asia. Most refugees in other regions live in individual accommodation. Forced displacement is largely and increasingly an urban phenomenon, with refugees living in cities and towns where they seek security, anonymity, better access to services, and job opportunities. Read more in the new report "Forcibly Displaced: Toward a development approach supporting refugees, the internally displaced, and their hosts"
In South Asia, high-tech exports comprise a much larger share of total manufactured exports today than they did in 1990. In fact, the percentage of high-tech exports more than doubled between 1990 and 2014, and have been trending upwards for the past 3 years. Aircraft, computers, and pharmaceuticals are all examples of high-tech exports, which rely on large outlays of research and development. As South Asia seeks to become more globally competitive, these industries can help propel the region's countries into middle-income levels.Find more trade data from South Asia
Read the latest trade news and research from the World Bank Group
In 1970, four in 10 adults were illiterate. Today that figure is less than two in 10. In every region of the world, literacy has improved, and literacy rates among youth aged 15-24 are higher than adults over 15, especially in South Asia, Sub Saharan Africa and the Middle East. Access data on youth literacy and adult literacy at data.worldbank.org.
For every person in Iceland, there are over 200 olympic swimming pools worth of renewable freshwater. However, nearly 1.6 billion people live in countries where water is scarce – a figure that may double in the coming two decades. Annual renewable freshwater levels in Central Asia are expected to diminish to 1,700 m per person - less than one pool's worth by 2030. The theme of this year's World Water Week is "Water for Sustainable Growth". Read more.
A new report, From Hair Stylists and Teachers to Accountants and Doctors - The Unexplored Potential of Trade in Services in Africa, indicates that African countries are trading in services, often in unexpected ways. Africa’s export potential in traditional services, such as tourism, is clearly recognized, but the emerging success of exports of nontraditional services is often overlooked. Hairdressers, doctors, educators, and accountants are all examples of service providers who are moving across borders to take advantage of employment opportunities away from home. Many of these workers are finding opportunity in the informal sector, driven to other countries due to poverty and lack of opportunities at home. Read more in the feature story and report