To give a few examples, the share of households with access to electricity rose from 64% in 1984 to 84% by 2016. Similarly, between 2000 and 2016, cell phone subscriptions jumped from 18 to 147 per 100 people.
However, progress in these development indicators has slowed – and in some cases stalled – over the past decade, as a structural slowdown in economic growth has undermined private investment in future productive capacities and has reduced (together with a sub-optimal allocation of resources) fiscal space for the roll-out of better infrastructure, education and health facilities.