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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.
This is a list of Latin American and Caribbean countries by gross domestic product (nominal) in USD according to the International Monetary Fund's estimates in April 2024 World Economic Outlook database. Cuba is not included in the list due to lack of economic data.
Real GDP growth rates of Latin American and the Caribbean nations [1]; Rank Nation GDP growth rate (%) Year 1 Montserrat [a] 7.40: 2011 est. 2 Panama 5.40: 2017 est. 3 Nicaragua 4.90
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
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.
Rubio’s choice to visit Central America – Panama, El Salvador, Costa Rica, Guatemala, and the Dominican Republic – is intentional and meant to drive forward the Trump agenda by “paying ...
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.