Pursuing growth-enhancing policies and structural reforms while reinvigorating the reform of institutions.
Sources: IMF, Direction of Trade Statistics, Information Notice System, Trade Restrictiveness database, World Economic Outlook database, and IMF staff calculations; and World Bank, Governance Indicators database.
1GDP weights in purchasing power parity terms are used for all aggregates except Asia8, which is a simple average.
2Hong Kong S.A.R., Indonesia, Korea, Malaysia, the Philippines, Singapore, Taiwan Province of China, and Thailand.
3Algeria, Bahrain, the Islamic Republic of Iran, Kuwait, Libya, Oman, Qatar, Saudi Arabia, Sudan, the United Arab Emirates, and Yemen.
4Algeria, Egypt, Iran, Jordan, Morocco, Pakistan, and Tunisia.
5Djibouti, Egypt, Iraq, Jordan, Lebanon, Mauritania, Morocco, Pakistan, Somalia, the Syrian Arab Republic, Tunisia, the Islamic State of Afghanistan, and the West Bank and Gaza.
6Scale is 1 to 10, with 10 being most restrictive.
7Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
8Each entry indicates percent of countries worldwide that rate below selected country or region for each governance indicator. Higher score for any indicator shows better governance outcome. Aggregates are simple averages.