General Information

Exports consist mainly of garments and textiles, accounting for 45% of exports, plastic products and related manufacturing at 6.2%, as well as paper, cardboard and their manufactured products at 5% of exports.
(Source: Banco Central)

Gross Domestic Product (GDP) % of regional GDP GDP per head

USD 28,023

millions

0.5%

 

USD 4,400

 

Economic Statistics (years 2014 - forecast 2019)

National Accounts 2014 2015 2016 2017 f.2018 f.2019
             
GDP growth (%) 1.4% 2.3% 2.4% 2.4% 2.1% 2.2%
Nominal GDP (USD millions) 25,054 26,052 26,798 28,023 28,699 29,821
GDP per Head (USD) 3,990 4,129 4,227 4,400 4,486 4,640
Inflation (%) 0.5% 1.0% -0.9% 2.0% 2.0% 2.2%
Fiscal Balance (% GDP) -3.6% -3.3% -2.8% -2.7% -2.5% -2.7%
General Govt. gross debt (% GDP) 62.6% 63.7% 65.5% 67.8% 67.8% 67.9%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 45.7%   US   36.5%
Honduras 13.9%   Guatemala   10.4%
Guatemala 13.5%   China   8.7%
Nicaragua 6.7%   Mexico   7.4%
           
By products     By products  
Manufactures 72.9%   Manufactures 63.0%
Agricultural products 22.7%   Fuels and mining prod. 19.8%
Fuels and mining prod. 3.7%   Agricultural products 17.0%
   
Balance of Payments (USD millions) 2014 2015 2016 2017 f.2018 f.2019
             
Exports of Goods 4,257 4,381 4,186 4,662 5,044 5,369
Exports growth (%) -1.8% 2.9% -4.5% 6.4% 8.2% 6.4%
Imports of Goods 9,463 9,384 8,823 9,520 10,147 10,484
Imports growth (%) -1.7% -0.8% -6.0% 7.9% 6.6% 3.3%
Foreign Trade (% GDP) 55% 53% 49% 51% 53% 53%
             
Current Account Balance -1,211 -926 -531 -622 -687 -804
% GDP -4.8% -3.6% -2.0% -2.2% -2.4% -2.7%
Foreign Direct Investment 509 497 487 195 387 406
% GDP 2.0% 1.9% 1.8% 0.7% 1.3% 1.4%
   

 

Disclaimer

This presentation has been prepared by Banco Latinoamericano de Comercio Exterior, S.A. (“BLADEX”) for information purposes only.

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