Economy & TradeThe 2010s

Economy & Trade in the 2010s

Every event in the Terralore archive tagged economy and trade — trade, currency, industry and resources, narrowed to the 2010s — 13 of them, drawn from 12 nations, running from 2010 to 2019. Each entry keeps the sources it was verified against and links back to the chronicle it came from.

Events
13
Nations
12
Earliest
2010
Latest
2019
Africa
3
Asia
3
Europe
3
North America
2
South America
2

Every entry below is the same record, with the same sources, as the one on its nation’s chronicle.

  1. — Africa:

    Mozambique

    Offshore gas discovered in the Rovuma basin

    Major natural-gas finds in the deep waters of the Rovuma basin attract tens of billions of dollars in planned investment and reshape the country's economic prospects.

    Era: Civil War, Peace and Modern Mozambique

    Sources: War in Mozambique: a natural gas blessing, turned curse · openDemocracy, Offshore gas finds offered major promise for Mozambique: what went wrong · The Conversation, Coral gas field · Wikipedia

  2. — Europe:

    Andorra

    Monetary agreement and the euro

    Andorra signed a monetary agreement with the European Union allowing it to use the euro as its official currency and to issue its own euro coins.

    Era: A Sovereign Democracy in the Heart of Europe

    Sources: Andorra and the euro: monetary agreement · European Central Bank, Monetary Agreement between the European Union and the Principality of Andorra · EUR-Lex (European Union)

  3. — Europe:

    San Marino

    Euro monetary agreement

    Under a monetary agreement with the European Union, in force since 2012 in place of an earlier 2000 accord, San Marino uses the euro as official currency and mints its own euro coins with national designs.

    Era: The Modern Republic: the UN, Europe and the Euro

    Sources: San Marino and the Euro · Central Bank of the Republic of San Marino (BCSM)

  4. — Asia:

    Northern Cyprus

    The eurozone crisis reaches the island

    The Republic of Cyprus negotiates a deal to extricate its financial sector from the eurozone debt crisis; the north, outside the EU and using the Turkish lira, is affected differently.

    Era: A Divided Island to the Present

    Sources: Cyprus country profile · BBC News

  5. — Africa:

    Nigeria

    Africa's largest economy

    After rebasing its GDP, Nigeria was confirmed as the largest economy in Africa, underscoring its weight as the continent's most populous nation and a major oil producer.

    Era: The Fourth Republic and modern Nigeria

    Sources: Nigeria becomes Africa's largest economy · Al Jazeera, Nigeria (country overview and history) · Encyclopaedia Britannica

  6. — South America:

    Guyana

    First offshore oil discovery

    ExxonMobil and partners make the first major oil discovery in the offshore Stabroek block, beginning Guyana's transformation into a significant petroleum producer.

    Era: Oil, the Essequibo Controversy and the Present

    Sources: Guyana becomes key contributor to global crude oil supply growth · U.S. Energy Information Administration, Guyana operations and project overview · ExxonMobil

  7. — Africa:

    Seychelles

    High-income tourism and tuna economy

    Tourism became the dominant sector and tuna fishing a leading export, lifting Seychelles to high-income status.

    Era: Democracy and Prosperity

    Sources: Economy of Seychelles · Wikipedia, Seychelles — Economy · CIA World Factbook

  8. — North America:

    Panama

    Expanded canal opens

    New Agua Clara and Cocoli locks open, roughly doubling capacity and admitting larger Neopanamax vessels.

    Era: The Canal Nation

    Sources: Panama Canal: Capital Improvements and Expansion · Encyclopaedia Britannica, Panama · Encyclopaedia Britannica

  9. — North America:

    Puerto Rico

    Debt crisis and PROMESA

    With debt declared unpayable in 2015, Congress passes PROMESA in 2016, installing a federal oversight board over the island's finances.

    Era: Vieques, Maria, and the Unresolved Future

    Sources: Puerto Rico: The Debate over Political Status · Encyclopædia Britannica

  10. — Asia:

    Saudi Arabia

    Vision 2030 is launched

    Crown Prince Mohammed bin Salman unveiled Vision 2030, a program to diversify the economy beyond oil, grow the private sector and tourism, and reshape Saudi society.

    Era: Oil, Modernization and Contemporary Saudi Arabia

    Sources: Saudi Vision 2030 - Overview · Government of Saudi Arabia, Vision 2030 reform plan announced · Public Investment Fund (Saudi Arabia)

  11. — Europe:

    France

    Oyapock bridge opens

    The bridge across the Oyapock between Saint-Georges-de-l’Oyapock and Oiapoque, finished in 2011, opens in 2017. France and Brazil share a border of more than 730 km, which the Sénat describes as France’s longest land border.

    Era: The Republics & the Modern Nation

    Sources: Coopération transfrontalière franco-brésilienne (rapport r22-846) · Sénat

  12. — Asia:

    Timor-Leste

    Maritime boundary treaty with Australia

    Timor-Leste and Australia sign a treaty settling their disputed Timor Sea boundary, the first reached through UN conciliation, resolving claims over the Greater Sunrise gas field.

    Era: Asia's Youngest Nation

    Sources: East Timor · Encyclopaedia Britannica

  13. — South America:

    Guyana

    First oil production

    Production begins in the Stabroek block; within a few years Guyana exceeds 600,000 barrels a day and becomes one of the world's fastest-growing economies.

    Era: Oil, the Essequibo Controversy and the Present

    Sources: Guyana becomes key contributor to global crude oil supply growth · U.S. Energy Information Administration