Growth and adjustment in small and medium-sized developing countries during the 1980s

The average rate of growth of the developing economies declined sharply during the 1980s. During the 1970s, the combined gross domestic product of these economies had been growing at an annual rate of 5.5 per cent; but it grew at only 1.7 per cent during the period 1981-1987. Per capita gross domestic product increased at about 3.2 per cent during the 1970s; in the latter period it actually declined.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action