General Information

Exports consist mainly of garments and textiles, accounting for 45% of exports, plastic products and related manufacturing at 7.2%, as well as paper, cardboard and their manufactured products at 6.3% of exports.
(Source: Banco Central, Trademap)

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

USD 26,644

millions

0.5%

 

USD 4,099

 

Economic Statistics (years 2016 - forecast 2021)

National Accounts 2016 2017 2018 2019 f.2020 f.2021
             
GDP growth (%) 2.5% 2.3% 2.5% 2.2% -5.4% 3.2%
Nominal GDP (USD millions) 24,140 24,917 26,047 26,644 25,156 25,751
GDP per Head (USD) 3,772 3,893 4,070 4,099 3,962 4,116
Inflation (%) -0.9% 2.0% 0.4% 0.0% -0.6% 1.2%
Fiscal Balance (% GDP) -3.1% -2.5% -2.7% -3.1% -4.1% -3.5%
General Govt. gross debt (% GDP) 72.7% 73.7% 72.8% 74.7% 85.0% 83.1%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 44.2%   US   32.7%
Honduras 15.4%   China   14.5%
Guatemala 14.4%   Guatemala   10.0%
Nicaragua 6.9%   Mexico   7.9%
           
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) 2016 2017 2018 2019 f.2020 f.2021
             
Exports of Goods 4,322 4,668 4,735 4,717 4,505 4,821
Exports growth (%) -2.6% 8.0% 1.4% -0.4% -4.5% 7.0%
Imports of Goods 8,976 9,512 10,671 10,840 9,555 10,111
Imports growth (%) -4.6% 6.0% 12.2% 1.6% -11.9% 5.8%
Foreign Trade (% GDP) 55% 57% 59% 58% 55% 56%
             
Current Account Balance -550 -464 -1,242 -1,020 -502 -689
% GDP -2.3% -1.9% -4.8% -3.8% -2.0% -2.6%
Foreign Direct Investment 479 504 427 342 273 295
% GDP 2.0% 2.0% 1.6% 1.3% 1.1% 1.1%
   

 

Disclaimer

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

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