Tourism isn’t just a part of Iceland’s economy—it’s the lifeblood that flows from its volcanic veins and glacial rivers. The Land of Fire and Ice draws more visitors than ever, even as shifting policies and global headwinds challenge the industry. …
In the economic landscape of the United States, disparities in wealth and prosperity are evident in the varying fortunes of cities across the nation. While some cities thrive and boast impressive Gross Domestic Product (GDP) figures, others struggle with economic …
Which European cities are the richest in terms of strong economy and GDP per capita? In a recent ranking, the Paris Metropolitan area in France has been ranked to be the richest city in Europe. In this guide, we will …
Europe is a great place to live, work, and explore. With an ever-growing population, it is no surprise that some of the fastest growing cities in Europe are thriving. The fastest-growing city in the entire Europe continent is Berlin In …
Bosnia and Herzegovina’s economy is in transition and has a high per capita income. On March 1, 1992, Bosnia and Herzegovina broke apart from socialist Yugoslavia and declared its independence. Primarily, trade occurs with Germany, Italy, Austria, Turkey, and other …
Since declaring independence from Yugoslavia in 1991, when the country lost its important protected markets and the significant transfer payments from Belgrade, North Macedonia’s economy has been more liberalized, with an improved business environment. North Macedonia was the poorest republic …
Albania’s economic system underwent a shift from central planning to a market economy based on free-market principles. The primary drivers of the Albanian economy are the service sector (54.1%), followed by agriculture (21.7%), and then industry (24.2%). Some natural resources …
Moldova is still one of Europe’s poorest countries, despite its strong economic performance during the past two decades. High growth and decreased poverty have resulted from a growth model based on remittance-induced consumption, however, this model has become less sustainable …
Kosovo’s economy has grown faster than its neighbors over the past decade, and that growth has been broadly shared. However, it has not been enough to considerably reduce the country’s high unemployment rates or create enough formal jobs, especially for …
In the last decade, Georgia has made significant progress attributable to sound economic management. Between 2011 and 2021, the economy grew by an annual average of 4%. According to the worldwide upper-middle-income threshold (US$6.85 per capita per day, 2017 PPP), …