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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 ]
Cuba is not included in the list due to lack of economic data. Of the countries listed, some are not independent: Aruba is a constituent country of the Kingdom of the Netherlands, and Puerto Rico is a United States territory with special status and thus is measured separately from the U.S. by the World Economic Outlook.
The first list includes estimates compiled by the International Monetary Fund's World Economic Outlook, the second list shows the World Bank's data, and the third list includes data compiled by the United Nations Statistics Division. The IMF's definitive data for the past year and estimates for the current year are published twice a year in ...
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. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires.
For starters, Nicaragua is now one of the safest countries in Central America, with a homicide rate of 7 per 100,000 -- the U.S. clocks in at 7.8, per the CDC. In terms of lifestyle, Nicaragua can ...
The Index of Economic Freedom is an annual report published by The Heritage Foundation and The Wall Street Journal in the United States. Countries and regions are assessed as free, mostly free, moderately free, mostly unfree, or repressed. [3] These lists are from private Western institutions and not from the UN or IMF.
Central America already has several supranational institutions such as the Central American Parliament, the Central American Bank for Economic Integration and the Central American Common Market. On 22 July 2011, President Mauricio Funes of El Salvador became the first president pro tempore to SICA. El Salvador also became the headquarters of ...
The Partnership for Central America (PCA) is a public–private partnership focused on economic development in the Northern Triangle of Central America countries (Honduras, Guatemala, and El Salvador) addresses the economic roots of migration with job creation and social programs. [2]