Economy

Lower agricultural exports, on the back of sluggish global demand, made for a challenging 2019 in Tunisia.

While 2019 was a rather mixed year for Colombia’s economy, the country closed the year on a positive note, with 3.4% GDP growth.

A range of developments contributed to making 2019 an overall positive year for Saudi Arabia.

Subdued domestic and external demand combined with regional tensions created a challenging economic environment for Dubai in 2019.

After three successive years of recession, Trinidad and Tobago’s growth is estimated to have remained flat during 2019, according to IMF data. However, a more significant expansion of 1.5% is expected for 2020 as both gas production and non-oil exports are set to increase.

A downturn in oil revenue on the back of production cuts by the Organisation of the Petroleum Exporting Countries contributed to a difficult year for Oman in 2019, as the government continued with efforts to balance the budget and diversify the economy.