Recent economic trends in developing countries

In most of the developing countries economic activity in 1964 was at a higher level than in 1963: in the aggregate, gross domestic product probably rose by around 5 per cent, significantly more than in 1963. External demand again contributed strongly to the increase, total export receipts rising by close to 8 per cent. The increase in output was a fairly general one, all the principal sectors expanding at relatively favourable rates, mining by 7 per cent, manufacturing by 6 per cent: and agriculture, in the 1963/64 crop year, by 3 per cent. With real imports more than 5 per cent higher in 1964, the total volume of supplies available to developing countries was also about 5 per cent greater than in 1963. This increase in supplies helped to improve internal stability in a number of countries, just as the increase in export receipts contributed to a further improvement in the external balance.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action