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The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina and Colombia. According to the World Bank, the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009, where gross domestic product (GDP) suffered a decline to 3.8%. [1]
Map of Latin America showing modern political divisions. Latin America as a region has multiple nation-states, with varying levels of economic complexity. The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean.
Inflation remained around 4% to 5% per annum for several years up to 2015 but then dropped to 0.7% in 2016; it was expected to rise to a still moderate 2.8% by the end of 2017 [19] In 2017, Costa Rica had the highest standards of living in Central America [20] in spite of the high poverty level. The poverty level dropped by 1.2% in 2017 to 20.5 ...
Central America [b] is a subregion of North America. [2] Its political boundaries are defined as bordering Mexico to the north, Colombia to the south, the Caribbean Sea to the east, and the Pacific Ocean to the west. Central America is usually defined as consisting of seven countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras ...
The economy of Panama is based mainly on the tourism and services sector, which accounts for nearly 80% of its GDP and accounts for most of its foreign income. Services include banking, commerce, insurance, container ports, and flagship registry, medical and health and tourism. Historically, the Panama Canal (and the nearby Colón Free Trade ...
Economy of Central America by country (14 C) * Economy of Central America-related lists (1 C) A. Agriculture in Central America (7 C, 2 P) B.
Exports in 1999 grew 1.9% while imports grew 3%, narrowing El Salvador's trade deficit. As in the previous year, the large trade deficit was offset by foreign aid and family remittances. Remittances are increasing at an annual rate of 6.5%, and an estimated $1.35 billion will enter the national economy during 1999.
The Central American crisis began in the late 1970s, when major civil wars and communist revolutions erupted in various countries in Central America, causing it to become the world's most volatile region in terms of socioeconomic change. In particular, the United States feared that victories by communist forces would cause South America to ...