World’s Least Developed Countries Off-Track to Meet Exports Target
A new report has revealed that the world’s least developed countries (LDCs) are not on track to reach a target of doubling their share in global exports by 2030.
The objective of increasing the 46 LDC nations’ share of global exports from 1% in 2011 to 2% by 2030 is part of the United Nations’ 17 Sustainable Development Goals (SDGs), which aim to end poverty through economic growth, among other aspirations.
But the UN Trade & Development (UNCTAD)’s annual report on progress towards the goals shows that the share of global exports among LDCs has stagnated at around 1% since 2011.
The least developed countries’ share of global exports has stagnated at around 1% since 2011.Image: UNCTAD
The report, SDG Pulse 2024, pulls together statistics which track the progress of the 17 goals, and was published shortly after the UN revealed that only 17% of the targets are on track.
Commenting on the SDG Pulse 2024, UN Trade and Development Secretary-General Rebeca Grynspan said: “This report serves as a call to action, urging policymakers, businesses, and civil society to leverage its insights to drive meaningful change. The time for data-informed action is now.”
