Saudi Arabia is third in the financial power of emerging countries

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A recent report ranked Saudi Arabia among the best countries that have great chances to confront and overcome the economic repercussions of the Corona pandemic, as the Kingdom was ranked third among the G20 countries in the financial strength index of emerging countries out of 11 countries of the group included in the classification, which includes 66 emerging countries.4 standards

The report issued by The Economist Intelligence Unit The EIU and the International Monetary Fund is titled “Which emerging markets are most exposed to financial risks?” It relied on 4 basic criteria for financial strength, namely: public debt, external debt, borrowing cost and potential foreign payments for this year (current account deficit, in addition to external debt payments).

G20 countries

The classification included 66 emerging economies that are most exposed to financial risks in emerging markets, including 11 countries belonging to the Group of Twenty, and the Kingdom ranked eighth in the world, outperforming China and India, which ranked 10th and 18th respectively, and first in the Middle East and the Gulf in the financial strength index of emerging countries, according to the classification Which indicated that Saudi Arabia has a very strong level in public debt, strong in the cost of borrowing, medium in external debt, and slightly weak in potential foreign payments for this year.

Emerging market debt

Botswana, Taiwan and South Korea topped the most powerful emerging countries, while Peru, Russia and the Philippines came in fourth, fifth and sixth places, followed by Thailand, Saudi Arabia, Bangladesh and China. Zambia, Lebanon and Venezuela are in the last three.

The report said emerging market debt amounts to $ 17 trillion in government debt and 24% of the world’s total debt. She emphasized that the outbreak of the Corona virus harms emerging economies with three main pillars, at least, which are the closures in which they occurred, the decline in exports and foreign capital, noting that the gross domestic product in emerging countries, which is measured in purchasing power parity, will be 6.6% less. In 2020, based on IMF projections last October.

He predicted that emerging economies would need at least $ 2.5 trillion from foreign sources or their accumulated reserves.

Emerging economies

The term emerging country refers to economies in Asia, Africa, Eastern Europe, and Latin America, while advanced economies are represented in North America, Japan and Western Europe. The emerging economy is described as a state whose economy shows growth in order to be more advanced, through industry and accelerated growth, and this country also has a role on the political and economic levels. The concept of the emerging country is not new, there are currently economically advanced countries, emerging countries such as Japan, and this term is used for a country whose economy is constantly developing. Emerging markets are lower than their developed counterparts in terms of per capita GDP, but at the same time, these economies are achieving higher growth rates.

List of the 11 countries within the G20 and the ranking of each

South Korea

Russia

Saudi

China

Indonesia

India

Mexico

Brazil

Turkey

South Africa

Argentina

Ranking of the 66 countries

Botswana

Taiwan

South Korea

Peru

Russia

Philippines

Thailand

Saudi

Bangladesh

China

Guantemala

Vietnam

Poland

Nigeria

Trinidad and Tobago

Indonesia

UAE

India

Czech

Paraguay

Bolivia

Kuwait

Azerbaijan

Codyvoire

Malaysia

Morocco, West, sunset

Romania

Mexico

Colombia

Brazil

Chilean

Dominican Republic

Uruguay

Croatia

Diameter

Kazakhstan

Egypt

Namibia

Uganda

Costa Rica

Ethiopia

Kenya

Pakistan

Turkey

Iraq

Senegal

South Africa

Ghana

Hungary

Jordan

Panama

Gabon

Ukraine

Ecuador

El Salvador

Jamaica

Argentina

Oman

Mongolia

Tunisia

Sri Lanka

Angola

the two seas

Zambia

Lebanon

Venezuela







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