Ottoman Empire faced economic problems from 18th century capitulations. Tanzimat reforms (1839-78) led to deepening Western dependence. State planning from 1930s to 1980 created mixed economy. Industry became leading sector despite agricultural decline
Tanzania's GDP reached $79.867 billion in 2024, ranking 81st globally. Economy transitioned from planned to market since 1985. Real GDP growth averaged 4% annually since 2007. GDP per capita grew 40% between 1998 and 2007
NIIP measures difference between country's external financial assets and liabilities. Includes both government and private debt. External assets held by country's residents are considered. Commodities and currencies follow cyclical valuation patterns
Debt-to-GDP ratio shows government debt as percentage of GDP. Ratio indicates economy's ability to repay debts without incurring more. Technically not dimensionless, represents years when economic product equals debt
External debt includes total public and private debt owed to nonresidents. Public debt covers government loans from central to local levels. Private debt includes household and corporate loans. Non-sovereign entities are included for information purposes. A country can be a net international creditor if its debt is less than others'
Seychelles gained independence from Britain in 1976. Current president is Wavel Rakkalawan since 2020. Country has 155 islands, largest being Mahe with 90% population