General Information

32% of exports are concentrated in agricultural products and medical instruments and devices. Tourism is another major source of income, contributing 6% of GDP.
(Sources: Ministerio de Comercio Exterior, ICE)

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

USD 58,056

millions

1.1%

 

USD 11,685

 

 Economic Statistics (years 2014 - forecast 2019)

National Accounts 2014 2015 2016 2017 f.2018 f.2019
             
GDP growth (%) 3.5% 3.6% 4.5% 3.2% 3.3% 3.2%
Nominal GDP (USD millions) 51,181 55,377 57,810 58,056 60,505 62,715
GDP per Head (USD) 10,679 11,416 11,776 11,685 12,034 12,324
Inflation (%) 5.1% -0.8% 0.8% 2.6% 3.3% 3.6%
Fiscal Balance (% GDP) -5.6% -5.7% -5.3% -6.2% -7.1% -6.4%
General Govt. gross debt (% GDP) 55.6% 57.9% 63.1% 65.2% 69.6% 72.7%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 40.8%   US   38.1%
Belgium 6.3%   China   13.1%
Panama 5.6%   Mexico   7.3%
Netherlands 5.6%   Guatemala   2.7%
           
By products     By products  
Manufactures 61.0%   Manufactures 73.8%
Agricultural products 36.1%   Fuels and mining prod. 14.7%
Fuels and mining prod. 1.5%   Agricultural products 11.4%
   
Balance of Payments (USD millions) 2014 2015 2016 2017 f.2018 f.2019
             
Exports of Goods 9,456 9,452 10,243 10,916 11,942 12,821
Exports growth (%) 6.7% 0.0% 8.4% 6.6% 9.4% 7.4%
Imports of Goods 14,784 14,060 14,578 15,227 16,591 17,728
Imports growth (%) 2.5% -4.9% 3.7% 4.5% 9.0% 6.9%
Foreign Trade (% GDP) 47% 42% 43% 45% 47% 49%
             
Current Account Balance -2,453 -1,921 -1,474 -1,717 -1,997 -2,163
% GDP -4.9% -3.5% -2.6% -3.0% -3.3% -3.4%
Foreign Direct Investment 3,242 2,956 2,958 2,997 3,086 3,324
% GDP 6.4% 5.4% 5.2% 5.2% 5.1% 5.3%
   

 

Disclaimer

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