Sustainable Development

Why least developed countries are switching to 'services-based' economies

The long term development of LDCs requires addressing ongoing constraints and sustaining economic transformation

The long-term development of LDCs requires addressing ongoing constraints and sustaining economic transformation. Image: Johanneke Kroesberger-Kamps/Unsplash

Brendan Vickers
Adviser and Head, International Trade Policy, Commonwealth Secretariat
Salamat Ali
International Trade Economist, The Commonwealth Secretariat
Neil Balchin
Economic Adviser - Trade Policy Analysis, The Commonwealth Secretariat
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Number of countries and % of total LDCs in each category
Number of countries and % of total LDCs in each category Image: Commonwealth Secretariat (constructed using data from the World Bank World Development Indicators)
Comparing LDCs' structural transformation patterns from 2011-2019
Comparing LDCs' structural transformation patterns from 2011-2019 Image: Commonwealth Secretariat (calculated using data from World Bank World Development Indicators)

Labour productivity growth is measured as the annual percentage growth rate of real GDP per employed person, three-year averages, at the beginning and the end of IPoA (excluding 2020)
Labour productivity growth is measured as the annual percentage growth rate of real GDP per employed person, three-year averages, at the beginning and the end of IPoA (excluding 2020) Image: Commonwealth Secretariat (ECI calculated using data from the Atlas of Economic Complexity, Harvard University; and labour productivity growth calculated using ILO modelled estimates)
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Related topics:
Sustainable DevelopmentSDG 10: Reduced InequalitiesSDG 08: Decent Work and Economic Growth
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