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 26,644millions |
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% |
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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% |
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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% |
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