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Real per capita GDP fell by more than 60% from 1986 to 1994. The current account and fiscal deficits widened, and foreign debt grew. Yet because of its oil reserves and favorable agricultural conditions, Cameroon still has one of the best-endowed primary commodity economies in sub-Saharan Africa .
High credit gap: India's consumer financing gap stands at $300 billion while the financing gap for the Micro, Small and Medium Enterprises stands at $240 billion. [11] Around 450 FinTech startups were founded in this sector during the period 2014–19 with a total funding of US$1.7 billion. [5]
[60] [61] While housing prices were increasing, consumers were saving less [62] and both borrowing and spending more. Household debt grew from $705 billion at year end 1974, 60% of disposable personal income, to $7.4 trillion at yearend 2000, and finally to $14.5 trillion in midyear 2008, 134% of disposable personal income. [63]
Federal loans are either subsidized (the government pays the interest) or unsubsidized. Federal student loans are subsidized for undergraduates only. Subsidized loans generally defer payments and interest until some period (usually six months) after the student has left school. [55] Some states have their own loan programs, as do some colleges ...
Total trade in 2010 (imports plus exports of goods and services) was $8.752 billion, and the trade deficit amounted to $2.149 billion, or 23.4% of GDP. In the first 8 months of 2011, total trade was $7.470 billion and the trade deficit was $1.778 billion. A significant 56.5% of North Macedonia's total trade was with EU countries.
[60] [61] It has the second largest outbound FDI, at US$136.91 billion for 2019. [62] China has the world's largest foreign-exchange reserves worth $3.1 trillion, [63] but if the foreign assets of China's state-owned commercial banks are included, the value of China's reserves rises to nearly $4 trillion. [64]
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