General Information

The country is a major exporter of bananas, petroleum and shrimp, which represent 71.8% of its exports. Other important export items are: seafood, flowers and cocoa, accounting for 12.3% of export sales.
(Source: Central Bank)

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

USD 102,311

millions

1.9%

 

USD 6,098

 

Economic Statistics (years 2014 - forecast 2019)

National Accounts 2014 2015 2016 2017 f.2018 f.2019
             
GDP growth (%) 3.8% 0.1% -1.6% 2.7% 1.6% 1.4%
Nominal GDP (USD millions) 101,726 99,290 98,614 102,311 102,800 104,600
GDP per Head (USD) 6,347 6,099 5,966 6,098 6,039 6,057
Inflation (%) 3.7% 3.4% 1.1% -0.2% 0.9% 1.8%
Fiscal Balance (% GDP) -5.2% -5.3% -8.3% -5.4% -5.0% -3.9%
General Govt. gross debt (% GDP) 27.5% 30.9% 36.1% 44.7% 48.6% 52.3%
   

Trade Statistics

Foreign Trade - Composition        
           
Exports     Imports    
           
By countries     By countries  
US 31.5%   US   22.6%
Vietnam 7.6%   China   15.3%
Peru 6.7%   Colombia   8.6%
Chile 6.5%   Panama   8.4%
           
By products     By products  
Fuels and mining prod. 57.4%   Manufactures 66.2%
Agricultural products 34.5%   Fuels and mining prod. 24.4%
Manufactures 6.0%   Agricultural products 8.1%
   
Balance of Payments (USD millions) 2014 2015 2016 2017 f.2018 f.2019
             
Exports of Goods 26,597 19,050 17,425 19,621 23,074 23,813
Exports growth (%) 4.0% -28.4% -8.5% 12.6% 17.6% 3.2%
Imports of Goods 26,661 20,698 15,858 19,299 22,445 23,340
Imports growth (%) 2.1% -22.4% -23.4% 21.7% 16.3% 4.0%
Foreign Trade (% GDP) 52% 40% 34% 38% 44% 45%
             
Current Account Balance -522 -2,111 1,441 -255 -66 100
% GDP -0.5% -2.1% 1.5% -0.2% -0.1% 0.1%
Foreign Direct Investment 772 1,323 756 800 950 850
% GDP 0.8% 1.3% 0.8% 0.8% 0.9% 0.8%
   

 

Disclaimer

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