The Gross Domestic Product (GDP) in Lithuania expanded 3 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - Lithuania GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

How will climate change affect risks to economic activity? Research on climate impacts has tended to focus on effects on the average level of economic growth. I examine whether climate change may make severe contractions in economic activity more likely using quantile regressions linking growth to temperature. The effects of temperature on downside risks to economic growth are large and robust across specifications. These results suggest the growth at risk from climate change is large—climate change may make economic contractions more likely and severe and thereby significantly impact economic and financial stability and welfare. The views expressed herein are those of the author, and do not reflect those of the Federal Reserve Board or its staff.

According to Cognitive Market Research, the global Watercolor Paper market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.
The Watercolour Type category is the fastest growing segment of the Watercolor Paper industry

Market Dynamics of Watercolor Paper Market

Key Drivers for Watercolor Paper Market

Increasing Popularity of Arts and Crafts to Boost Market Growth

The growing interest in art, both as a hobby and a profession, is a key driver for the watercolor paper market. An increase in art-based recreational activities, particularly among adults, has fueled demand for high-quality watercolor paper. According to the U.S. Bureau of Economic Analysis (BEA), the Arts and Cultural Production Satellite Account revealed that arts and cultural economic activity, adjusted for inflation, rose by 4.8% in 2022, following a 10.8% rise in 2021. In comparison, the overall economy, measured by real GDP, grew by 1.9% in 2022, after a 5.8% increase in 2021. Arts and cultural activities contributed 4.3% to GDP, equivalent to $1.10 trillion in 2022. The rise of art therapy and growing mental health awareness has led to an increase in art-related activities, with watercolor painting gaining popularity for its therapeutic benefits. This trend has expanded the consumer base for watercolor paper, supporting the market's growth.

Growth in the DIY and Home Décor Trends to Drive Market Growth

The rise of the DIY (Do-It-Yourself) culture and home décor trends that emphasize personal creativity has gained significant traction. Consumers are increasingly seeking ways to personalize their living spaces, with hand-painted watercolor art becoming a popular choice for décor. According to the Joint Center for Housing Studies at Harvard University, spending on DIY projects surged by 44%, reaching $66 billion between 2019 and 2021. The 2023 U.S. Houzz and Home Study: Renovation Trends reported that nearly 60% of homeowners remodeled or redecorated their homes in 2022, with 48% undertaking home repairs, and more than half planning new projects for 2023. This shift has spurred a niche demand for watercolor paper, especially larger-format sheets used for wall art and decorations.

Restraint Factor for the Watercolor Paper Market

High Cost of Quality Watercolor Paper Will Limit Market Growth

Premium pricing is a significant factor that limits the market's accessibility to a wider range of consumers. High-quality watercolor paper, which is often made from cotton or other premium materials, can be quite expensive. This makes it less affordable for casual hobbyists or art students, reducing the overall demand. Professional artists, who require specific textures and weights, often seek high-quality paper, but the price premium associated with these products may limit frequent purchases. The affordability gap between basic art supplies and premium watercolor paper can inhibit broader market penetration, especially in developing economies. The availability of alternative paper products can reduce the demand for watercolor-specific paper. Many hobbyists or beginners may choose to use general-purpose paper, sketch pads, or cheaper alternatives that are not specifically designed for watercolor painting.

Impact of Covid-19 on the Watercolor Paper Market

Rise in home-based activities: With global lockdowns, social distancing, and stay-at-home orders, many people turned to indoor hobbies such as paintin...

The Russia Road Freight Transport Market is projected to reach a valuation of approximately XX million by 2033, expanding at a CAGR of 3.00% from 2025 to 2033. The market's growth can be attributed to the country's vast landmass, increasing trade activities, and government initiatives to develop transportation infrastructure. Market growth is driven by factors such as increasing economic activity, growing demand for logistics services, and government support for the development of transportation infrastructure. The road freight segment is the largest segment of the market and is expected to continue growing over the forecast period. Market Segmentation The Russia Road Freight Transport Market is segmented by end-user industry, destination, truckload specification, containerization, distance, and goods configuration. The end-user industry segment includes industries such as agriculture, fishing, forestry, construction, manufacturing, oil and gas, mining, quarrying, wholesale and retail trade, and others. The destination segment includes domestic and international destinations. The truckload specification segment includes full-truck-load (FTL) and less-than-truckload (LTL). The containerization segment includes containerized and non-containerized freight. The distance segment includes long-haul and short-haul distances. The goods configuration segment includes fluid goods, solid goods, and temperature-controlled goods. The Russia road freight transport market is a vast and dynamic sector that plays a crucial role in the country's economy. The market is characterized by significant growth potential, driven by factors such as increasing industrial and agricultural production, expanding trade activities, and government initiatives to improve infrastructure. Recent developments include: October 2022: DHL Freight is introducing the GoGreen Plus service to reduce CO2 emissions for road transport. In recent years, DHL Freight has already pioneered numerous green road freight projects by introducing electric, Bio-LNG or –CNG, and HVO trucks to the fleet. The GoGreen Plus service is part of Deutsche Post DHL Group's sustainability goal of achieving net-zero emissions by 2050.August 2022: PEK, OOO announced the beginning of its work in new branch in Dubna, near MoscowAugust 2022: DL-TRANS Ltd announced the launch of the business of prefabricated container transportation from Turkey to Russia.. Key drivers for this market are: 4., Global Trade and Export-Oriented Economy boosting the market4.; Investment in Robotics and Automation. Potential restraints include: 4., South Korea's logistics infrastructure, while generally well-developed, can experience congestion in key areas, such as ports and highways4.; Like many other countries, South Korea faced issues related to labor shortages in the logistics sector.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

According to Cognitive Market Research, the global complete automotive market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.
The electric held the highest complete automotive market revenue share in 2024.

Market Dynamics of Complete Automotive Market

Key Drivers for Complete Automotive Market

Growing Interest in Improved Fuel Economy to Increase the Demand Globally

The increasing demand for cars with more efficient engines is driving the market's growth. Additionally, automakers are putting more effort into creating vehicles with reduced greenhouse gas (GHG) emissions and fuel consumption. Their utilization of low-cost parts and effective features has a big influence on overall automotive standards. Automakers are looking into new materials and forms for cars in an effort to reduce weight while increasing airflow. The development and supply logistics sectors' growing demand for avenue and transport expansion is thus anticipated to drive growth in the market for full automobiles. For instance, Panasonic Automotive Systems and Arm established a strategic alliance to standardize software-defined vehicle (SDV) automotive technology. From their active involvement in SOAFEE, a nationwide action that is promoting a stronger partnership in established software building across the automobile sector, both businesses have agreed on their shared vision of developing a software stack that is flexible enough to meet the needs of the automotive industry both now and in the years ahead.

Increasing Popularity in Electric Cars to Propel Market Growth

The complete automotive industry is driven by the growing popularity of electric vehicles. The government is promoting the sale of battery-operated cars by offering motorists financial rewards and improving the facilities necessary for electric automobiles, such as charging facilities across the nation, in response to the global decline in the atmosphere and increasing emission rates. The market for complete automotive is anticipated to grow along with the rise in revenues of electric automobiles. The municipality is investing a substantial amount of funds to stimulate the market for electric automobiles.

Restraint Factor for the Complete Automotive Market

Variable Pricing for Ingredients to Limit the Sales

The main components required to make vehicles are copper wires and steel framework. Availability of resources and price fluctuation are issues for suppliers and automakers. Variations in basic ingredient prices are restraining the worldwide automotive engine market's expansion. Furthermore, producers are unable to benefit from falling material prices due to extended supply agreements. Thus, if the resource or material's price drops, producers lose their edge and expense. Substantial production expenses and low consumption in emerging economies restrict the expansion of the market.

Impact of Covid-19 on the Complete Automotive Market

The COVID-19 pandemic has caused a great deal of economic and social disruption. The epidemic has impacted many firms' value chains and supply chains. This is also true of the whole automotive industry. Analysis of the COVID-19 pandemic's effects will be conducted from the viewpoints of the supply and demand sides of the business as a whole. Both immediate and long-term repercussions of the epidemic will be researched and examined. This would help all industry participants, especially suppliers...

The IT Services industry in China has performed well over the past five years, due to the application of new technologies, like cloud computing, big data, AI and the Internet of Things. The growth in IT investment and of China's information sector has boosted industry demand. Industry revenue is expected to grow at an annualized 8.2% over the five years through 2025, to total $448.2 billion. This trend includes anticipated growth of 3.0% in the current year.Industry revenue increased slower in 2022, mainly because the aggravated COVID-19 epidemic in the year has led to delays in project delivery. Reduced budget from government customers also resulted in weaker industry demand, due to the large expenditures on the protection and control measures.Although the IT services industry in China is still relatively new, it has been expanding quickly. The Chinses Government attaches great importance on the development of information sector, which stimulated the demand for IT services. Strong government supports on digital economy and the construction of digital China have created a favorable condition for the development of the industry and will increase the demand for IT services.The industry's outsourcing and offshoring service segment experienced the stable growth over the past five years, boosted by government support. Industry exports will increase at an average rate of 4.5% in the five years to 2025. Exports as a share of industry revenue is expected to total 4.1% in 2025.Industry revenue is forecast to grow at an annualized 4.0% over the five years through 2030, to total $546.5 billion. The recovery of Chinese economy, the improvement of IT equipment and software technologies and the accelerated digital transformation in both government and private sectors are anticipated to remain the most important drivers for the industry's development. New technologies, like cloud computing, big data, AI and the Internet of Things, will also continue to motivate industry development.The industry is highly fragmented and has a low concentration level. The top four participants will jointly account for 2.1% of industry revenue in 2025. Industry concentration level is forecast to increase over the next five years, as large IT services firms acquire smaller local providers to gain market share in the growing small- and medium-sized business market segment.

The Gross Domestic Product (GDP) in Cape Verde contracted 3 percent in the first quarter of 2025 over the previous quarter. This dataset provides - Cape Verde Gdp Growth Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Project Overview The Project aims to promote structural transformation of the Japanese economy by supporting the challenges of Small and Medium-Sized Enterprises and other countries that are eager to undertake drastic business restructuring in order to respond to social and economic changes in the post-COVID-19 era, such as entering new markets (Development of new fields and business transformation), changing businesses and industries, business restructuring, returning to Japan, maintaining and strengthening regional supply chains, or expanding scale through these initiatives. The 13 Call will continue to focus on supporting the efforts of businesses that are rebuilding their businesses in response to the post-COVID-19 pandemic.

O Subsidy Amount [Growth Area Entry Quota (Normal Type)] Small and Medium-Sized Enterprises, etc, Both Leading Medium-Sized Enterprises, etc. 【 No more than 20 employees 】1 million JPY to 15 million JPY (20 million JPY) 【 No more than 21~50 employees 】1 million JPY to 30 million JPY (40 million JPY) 【 No more than 51~100 employees 】1 million JPY to 40 million JPY (50 million Small and Medium-Sized Enterprises) 【 No more than 101 employees 】1 million JPY to 60 million JPY (70 million JPY) ※() indicates large-scale Wage Increases in a short period of time [Expansion into Growth Fields (GX Expansion Type)] Small and Medium-Sized Enterprises, etc. 【 No more than 20 employees 】1 million JPY to 30 million JPY (40 million JPY) 【 No more than 21~50 employees 】1 million JPY to 50 million JPY (60 million JPY) 【 No more than 51~100 employees 】1 million JPY to 70 million JPY (80 million JPY) 【 No more than 101 employees 】1 million JPY to 80 million JPY (1 million JPY) JPY, etc. 15 million JPY ~20 million Small and Medium-Sized Enterprises (21~50 Leading Medium-Sized Enterprises) * () indicates large-scale JPY projects in a short period [COVID-19 Recovery Acceleration Framework (Minimum Wage Type)] JPY, etc, Both in JPY, etc. [Employees JPY or Less] 1 million JPY to 30 million JPY [Employees JPY] 40 million JPY to 51~100 Small and Medium-Sized Enterprises [Employees 1 million or More] 20 Leading Medium-Sized Enterprises to 1 million JPY [Additional Measures to Promote Graduation] Based on the maximum subsidy amount for each business type [Additional Measures to Promote Medium- to Large-Scale Wage Increases] 15 million JPY to 20 million Wage Increases

Yes Subsidy Rate [Limited Entry into Growth Fields (Normal Type)] Small and Medium-Sized Enterprises, etc. 1/2 (2/3) JPY, etc. 1/3 (1/2) ※ Figures in () indicate large-scale JPY in the short term [Limited Entry into Growth Fields (GX Entry Type)] JPY, etc. 1/2 (2/3) JPY, etc. 1/3 (1/2) * () indicates short-term large-scale Small and Medium-Sized Enterprises [Framework for Accelerating COVID-19 Recovery (Minimum Wage Type)] Leading Medium-Sized Enterprises, etc. 3/4 (2/3) JPY, etc. 1/2 (2/3) * () indicates persons who have not refinanced their debts incurred due to COVID-19 [Additional Measures to Promote Graduation] JPY, etc. 1/3 JPY, etc. 1/2 [Additional Measures to Promote Medium- to Large-Scale Wage Increases] JPY, etc. 1/2 JPY, etc. 2/3

O Requirements for Subsidies All of the following must be met: (JPY), (JPY), and (JPY). (* 1) (1) The business meets the definition of "business restructuring" in the Business Restructuring Guidelines. (2) A business plan must be formulated with a financial institution, etc. (Banks, shinkin banks, funds, etc.) or an approved business innovation support organization and confirmed. (* 2) (3) Increase value added at an average annual growth rate of 3.0% to 4.0% (depending on the type of business) in 3 to 5 years after completion of the subsidy. or increase the value added per employee at an average annual growth rate of 3.0% to 4.0% or more (depending on the type of business). (* 3) (* 1) Each business type has its own eligibility requirements. For more information, see 4. Requirements for subsidized projects. (* 2) When implementing a subsidiary project funded by a financial institution, it is necessary to obtain confirmation of the project plan from the financial institution that provided the funding. For more information, see 4. Requirements for Subsidy Projects (2) [Requirements for Financial Institutions]. (3) Compound Annual Growth Rate (CAGR) is based on compounding. The same is true for other subsidy requirements.

[Open Period] Open: Friday, January 10, 2025 Application Accepted: Under Adjustment Application Deadline: Wednesday, March 26, 2025 18:00

Key information about House Prices Growth

• Romania house prices grew 7.0% YoY in Sep 2022, following an increase of 8.5% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2010 to Sep 2022, with an average growth rate of 3.0%.
• House price data reached an all-time high of 8.5% in Jun 2022 and a record low of -17.1% in Dec 2011.

CEIC calculates House Prices Growth from quarterly Residential Property Price Index. The National Institute of Statistics provides Residential Property Price Index with base 2015=100. House Prices Growth covers Residential Settlements only. House Prices Growth prior to Q1 2017 is calculated from Residential Property Price Index with base 2009=100.

The global EVA copolymer resin market, valued at $6,441.3 million in 2025, is projected to experience steady growth, driven by increasing demand from diverse sectors like packaging, adhesives, and footwear. A Compound Annual Growth Rate (CAGR) of 3.0% from 2025 to 2033 indicates a consistent expansion, although this rate might fluctuate slightly year-over-year based on economic conditions and raw material price volatility. Key drivers include the rising adoption of flexible packaging solutions, the expanding construction industry requiring robust adhesive solutions, and the growing preference for lightweight and durable footwear. Furthermore, advancements in EVA copolymer resin technology are leading to the development of specialized grades with improved properties, catering to niche applications and fueling market expansion. However, fluctuations in raw material prices, particularly ethylene and vinyl acetate, pose a potential restraint. Competitive pressures from established players like Dow, ExxonMobil, and BASF, alongside emerging regional players, contribute to a dynamic market landscape. The market segmentation, while not explicitly provided, likely includes variations based on resin type (e.g., high-melt, low-melt), application (e.g., film, foam, molding), and end-use industry (e.g., automotive, medical). Regional market shares will likely be influenced by manufacturing capacity, consumption patterns, and economic growth in various geographical locations. The forecast period of 2025-2033 offers substantial opportunities for market participants, but requires strategic planning to navigate the challenges of volatile raw material costs and intense competition. The market's growth trajectory suggests a promising outlook for investors and stakeholders. However, careful consideration of the interplay between technological advancements, regulatory changes impacting materials sustainability, and evolving consumer preferences is crucial for sustained success. Companies are likely focusing on innovation to create high-performance, specialized EVA copolymers targeting specific end-use applications. Sustainability initiatives are also becoming increasingly important, with a growing focus on eco-friendly production methods and biodegradable alternatives. This trend will likely shape the market landscape in the coming years, driving further segmentation and specialization within the EVA copolymer resin market. Successful players will be those that adapt to these changes effectively, offering innovative products and sustainable solutions to meet the demands of a dynamic global marketplace.

The global pet food market, specifically focusing on pet pup food, presents a compelling investment opportunity. With a market size of $534.3 million in 2025 and a compound annual growth rate (CAGR) of 3.0%, the market is projected to experience steady expansion through 2033. This growth is fueled by several key drivers, including increasing pet ownership globally, rising pet humanization (treating pets as family members), and a growing awareness of the importance of balanced nutrition for optimal pet health. Consumer preferences are shifting towards premium and specialized pet foods, including grain-free, organic, and functional options catering to specific dietary needs and breed sensitivities. The market is segmented by food type (dry and wet) and pet type (dog, cat, bird, and others), with dog food dominating the market share. The regional distribution shows strong performance in North America and Europe, driven by high pet ownership rates and disposable incomes. However, emerging markets in Asia-Pacific are expected to show significant growth potential in the coming years due to rising middle-class incomes and increasing pet adoption. Competitive pressures are intense, with established players like Nestlé Purina PetCare, Mars Petcare, and General Mills competing alongside smaller, specialized brands focusing on niche markets. This competitive landscape drives innovation and product diversification within the industry. The continued growth trajectory of the pet food market is largely dependent on several factors. Sustained economic growth in key regions will support consumer spending on premium pet products. Furthermore, ongoing advancements in pet nutrition research and the introduction of innovative food formulations, such as those focusing on specific health benefits (e.g., joint health, weight management), are likely to stimulate market expansion. Regulatory changes impacting pet food safety and labeling could influence the market landscape. While potential economic downturns could restrain growth, the inherent resilience of the pet food market—driven by strong emotional bonds between pet owners and their animals—suggests sustained albeit potentially moderated growth in the forecast period.

The global heavy-duty truck market, valued at $402,480 million in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.0% from 2025 to 2033. This growth is driven by several factors, including the increasing demand for efficient transportation solutions in construction, mining, and agriculture sectors. The rising e-commerce industry and the subsequent surge in goods transportation further fuel this market expansion. Technological advancements, such as the integration of advanced driver-assistance systems (ADAS) and telematics, are enhancing the safety and efficiency of heavy-duty trucks, thereby driving adoption. Furthermore, stringent emission regulations globally are pushing manufacturers to develop and deploy more environmentally friendly vehicles, leading to innovation and investment in alternative fuel technologies. The market is segmented by truck type (dump trucks, tractor-trailers, tank trucks, haul trucks) and application (building, mining, agricultural, other), offering diverse opportunities for manufacturers and stakeholders. The major players, including Daimler Trucks, MAN, PACCAR, Scania, Volvo Trucks, and others, are strategically focusing on product innovation, partnerships, and regional expansion to capitalize on this growing market. The regional distribution of the market reveals a strong presence in North America and Europe, driven by established infrastructure and robust economic activity. However, significant growth potential is anticipated in the Asia-Pacific region, particularly in countries like China and India, due to rapid industrialization and infrastructural development. Despite positive growth projections, the market faces certain challenges, including fluctuating fuel prices, economic downturns, and supply chain disruptions. Nonetheless, the long-term outlook for the heavy-duty truck market remains positive, with consistent demand fueled by global economic growth and continuous improvements in vehicle technology. The ongoing shift towards sustainable transportation is likely to further shape the market landscape in the coming years. This report provides a detailed analysis of the global heavy-duty trucks market, encompassing market size, key players, emerging trends, and future growth prospects. We project the market to reach approximately $250 billion by 2028, representing a substantial increase from its current valuation. This in-depth study leverages extensive primary and secondary research, offering actionable insights for stakeholders across the heavy-duty truck value chain.

The global side-by-side refrigerator market is experiencing steady growth, projected to reach a market size of $15.61 billion in 2025, with a compound annual growth rate (CAGR) of 3.0% from 2019 to 2033. This growth is driven by several factors, including rising disposable incomes in developing economies, increasing urbanization leading to smaller kitchen spaces (where space-saving side-by-side models are preferred), and a growing preference for advanced features like water dispensers, ice makers, and smart connectivity. Furthermore, the expanding middle class in regions like Asia-Pacific and increasing demand for energy-efficient appliances are contributing significantly to market expansion. The market is segmented by refrigerator capacity (under 15 cu.ft., 15-20 cu.ft., 20-25 cu.ft., above 25 cu.ft.) and application (home and commercial), with the home segment currently dominating the market. Leading manufacturers like Haier, Whirlpool, Electrolux, Midea, Samsung, Bosch, LG, and others are actively innovating to cater to evolving consumer preferences and compete for market share. The continued focus on improving energy efficiency, incorporating smart technology, and offering diverse design options will be key factors determining future market growth trajectory. The market's regional distribution reflects varying levels of economic development and consumer behavior. North America and Europe currently hold significant market shares, driven by high purchasing power and established appliance markets. However, rapid economic growth and expanding middle classes in Asia-Pacific are projected to fuel substantial growth in this region over the forecast period. Emerging markets in Africa and South America also present opportunities for expansion, although challenges related to infrastructure and affordability remain. Competitive landscape analysis reveals that established brands hold considerable market share, but nimble smaller companies and local players focusing on price competitiveness and regionally adapted features are emerging as significant contenders. This in-depth report provides a comprehensive overview of the global side-by-side refrigerator market, analyzing market size, segmentation, key players, trends, and future prospects. The market is estimated at $25 billion USD in 2023, projected to grow at a CAGR of 4% reaching $35 billion by 2028. This report leverages extensive primary and secondary research to deliver actionable insights for businesses operating within this dynamic sector.

Key information about Luxembourg Gross Savings Rate

• Luxembourg Gross Savings Rate was measured at 52.5% in Sep 2022, compared with 52.5% in the previous quarter.
• Luxembourg Gross Savings Rate is updated quarterly, with data available from Mar 1995 to Sep 2022, and an average rate of 52.5%.
• The data reached an all-time high of 52.5% in Jun 2020 and a record low of 36.8% in Sep 1995.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. The Statistics Portal of Luxembourg provides Final Consumption Expenditure in EUR and Nominal GDP in EUR.
• In the latest reports, Luxembourg GDP expanded 3.0% YoY in Sep 2022.
• Luxembourg Nominal GDP reached 20,283.4 USD mn in Sep 2022. Its GDP deflator (implicit price deflator) increased 7.0% in Sep 2022.
• Luxembourg GDP Per Capita reached 132,485.6 USD in Dec 2021.

The development of China's Insurance Brokers and Adjusters industry is basically in line with its developing insurance sector. Over the five years through 2024, the industry will decrease at an annualized 5.8% to $52.2 billion. This trend includes a 9.9% decrease in 2024.Since August 2023, the National Financial Regulatory Administration has required to implement the “consistency of regulatory reporting and actual actions” policy in the channels of individual insurance agents, insurance brokers and insurance agents. The implementation of the policy has led to a decrease in commission rates paid by insurance companies to intermediaries, which has seriously affected industry revenue and operational costs. Industry revenue decreased by 11.3% in 2023 and a further 9.9% in 2024.In 2022, the COVID-19 pandemic further aggravated the economy, resulting in real GDP growth slowing to 3.0%. Chinese residents' income growth has also slowed down, resulting in weakened insurance demand. Insurance premium income decreased by 1.0% in 2022, especially for life insurance products; its premium income dropped 2.0% year on year, mainly because residents were suggested to stay at home and limit traveling. Industry revenue decreased by 13.2% in 2022.In 2018, the China Banking and Insurance Regulatory Commission was established through the merger of the China Bank Regulatory Commission and the China Insurance Regulatory Commission. Regulations placed on insurance intermediaries has intensified through a successive series of supervision policies. This increased regulation led industry revenue growth to slow down.China's Insurance Brokers and Adjusters industry revenue us forecast to grow at an annualized 5.0% to $66.5 billion over the five years through 2029, primarily thanks to increasing residential income levels risk protection awareness. As government regulations further strengthen and competition intensifies, professional insurance intermediaries will become more competitive. Concurrent-business agency and individual agent numbers will likely drop in the future.

The global white goods appliance market, valued at $289.49 billion in 2025, is projected to experience steady growth with a compound annual growth rate (CAGR) of 3.0% from 2025 to 2033. This growth is fueled by several key drivers. Rising disposable incomes in emerging economies are increasing consumer spending on durable goods, including refrigerators, washing machines, and air conditioners. Furthermore, urbanization and a shift towards smaller, more efficient appliances are boosting demand, particularly in densely populated areas. Technological advancements, such as smart home integration and energy-efficient models, are also contributing to market expansion. While factors like fluctuating raw material prices and economic downturns pose challenges, the overall market outlook remains positive. The increasing preference for convenience and improved lifestyles continues to drive demand for advanced features like built-in Wi-Fi and self-cleaning functionalities. Segment-wise, refrigerators and washing machines are expected to remain dominant categories, driven by their essential role in households. However, the growth in air conditioners is predicted to outpace the overall market average due to climate change and increasing temperatures globally. Leading players like Samsung, Whirlpool, LG, and Bosch are actively investing in R&D and strategic acquisitions to maintain their market leadership and cater to evolving consumer preferences. The Asia-Pacific region is expected to be a key growth engine, driven by robust economic growth and a large consumer base in countries like China and India. The competitive landscape is highly fragmented, with both global giants and regional players vying for market share. Strong brand recognition, efficient distribution networks, and effective marketing strategies are crucial for success. Companies are increasingly focusing on providing customized solutions to cater to diverse regional preferences and needs. The increasing adoption of sustainable manufacturing practices and the development of eco-friendly appliances are expected to influence the market trajectory in the coming years. Government initiatives promoting energy efficiency and reducing carbon emissions are further driving innovation and adoption of energy-saving appliances. The long-term forecast anticipates a consistent market expansion, with technological advancements and changing lifestyles continuing to reshape the white goods industry. Understanding regional nuances and adapting product portfolios to align with local needs is expected to be a key determinant of success for players in this dynamic and evolving market.

Mazut Market Outlook

The global Mazut market size was valued at approximately USD 50 billion in 2023 and is projected to reach around USD 65.9 billion by 2032, exhibiting a CAGR of 3.0% over the forecast period. The market's growth is driven by increasing demand for heavy fuel oils in various industries and the expansion of global shipping activities. As economies around the world continue to grow, particularly in developing regions, the demand for energy and fuel is set to rise, thereby propelling the Mazut market forward.

One of the primary growth factors for the Mazut market is the increasing demand in power generation, especially in regions where alternatives like natural gas and renewables are less accessible or more expensive. Power plants in countries with limited natural gas reserves or renewable energy infrastructure often rely on heavy fuel oils such as Mazut to meet their electricity needs. This trend is particularly evident in parts of Asia and Africa, where economic growth is outpacing the development of cleaner energy infrastructure.

The maritime industry also plays a significant role in driving the demand for Mazut. Despite the global shift towards cleaner fuels, Mazut remains a cost-effective option for many shipping companies, particularly in routes where the enforcement of stringent sulfur regulations is less rigorous. The rise in global trade and the expansion of shipping routes have further fueled the demand for Mazut, making it an indispensable component of the marine fuel market.

Another important growth factor is the use of Mazut as a heating fuel in colder climates. In regions where winter temperatures drop significantly, Mazut is often used as a reliable and cost-effective means of heating homes and commercial buildings. This application is particularly prominent in Eastern Europe and parts of North America, where the infrastructure for alternative heating methods may not be as developed.

On the regional front, Asia Pacific is expected to dominate the Mazut market during the forecast period, driven by rapid industrialization and urbanization in countries like China, India, and Indonesia. North America and Europe are also significant markets, although their growth rates may be slower due to stringent environmental regulations and a gradual shift towards cleaner fuels. Latin America and the Middle East & Africa are emerging markets with considerable potential, driven by economic development and increasing energy needs.

Type Analysis

In the Mazut market, the type segment is divided into Low Sulfur Mazut and High Sulfur Mazut. Low Sulfur Mazut is increasingly gaining traction due to the growing emphasis on reducing sulfur emissions. Governments and regulatory bodies across the globe are implementing stringent norms to curb air pollution, which has resulted in a higher demand for low sulfur variants. This trend is particularly notable in developed regions like North America and Europe, where environmental regulations are more stringent.

High Sulfur Mazut, on the other hand, continues to hold a significant share in the market, especially in regions where environmental regulations are less stringent or where the economic conditions favor lower-cost fuels. This type of Mazut is predominantly used in power generation and industrial applications in developing economies. However, its market share is expected to decline gradually as global awareness about environmental issues increases and regulatory frameworks become more stringent.

Technological advancements in refining processes are also playing a crucial role in shaping the type segment of the Mazut market. Innovations aimed at reducing sulfur content and improving the efficiency of Mazut are being developed, which could potentially alter the market dynamics in favor of low sulfur variants. Companies are increasingly investing in research and development to create cleaner and more efficient fuel options, which bodes well for the future of Low Sulfur Mazut.

The pricing dynamics between Low Sulfur and High Sulfur Mazut also play a crucial role in market segmentation. Low Sulfur Mazut is generally more expensive due to the additional refining processes required to reduce sulfur content. This price difference often influences the purchasing decisions of end-users, particularly in cost-sensitive markets. However, as regulations tighten and the cost of compliance with environmental norms rises, the gap between the two types may narrow.

The geographical distribution of Lo

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The global motorized vehicle market, valued at $2,838.1 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.0% from 2025 to 2033. This growth is driven by several factors. Increasing urbanization and rising disposable incomes in developing economies fuel demand for personal transportation, particularly in Asia-Pacific regions like India and China. Technological advancements, including the development of electric vehicles (EVs) and autonomous driving systems, are reshaping the industry, attracting significant investments and driving innovation. The shift towards sustainable transportation solutions, spurred by environmental concerns and government regulations, further contributes to market expansion. However, the market faces certain headwinds. Fluctuations in fuel prices, economic downturns, and the semiconductor chip shortage can significantly impact vehicle production and sales. Furthermore, the high initial cost of EVs and the lack of sufficient charging infrastructure in many regions pose challenges to widespread EV adoption. The market is segmented by application (household, commercial) and vehicle type (cars, buses, trucks, motorcycles), offering diverse investment and growth opportunities. Key players like Toyota, Volkswagen Group, Daimler, and others compete fiercely through product innovation, strategic partnerships, and expansion into new markets. The market segmentation allows for a nuanced understanding of consumer preferences and industry trends. The household segment, comprising personal vehicles like cars and motorcycles, accounts for a major share of the market, fueled by individual mobility needs. The commercial segment, encompassing buses and trucks, demonstrates growth linked to logistics and transportation services. Regional variations exist; North America and Europe currently hold significant market shares, but rapid economic growth and infrastructure development in Asia-Pacific are poised to significantly alter the regional landscape in the coming years. The market’s future growth trajectory will depend on the successful resolution of challenges related to sustainability, affordability, and technological integration. Continued innovation in areas like battery technology, charging infrastructure, and autonomous driving will play a pivotal role in shaping the market's future.