Gross Domestic Product (GDP)
in Central America
Monday, May 14, 2012
The IMAE was 9.73% and 9.26% in January and February 2012, the best bimonthly performance in the last three years.
Capital.com.pa describes this rate of growth as being "driven mainly by the good performance of sectors such as transport, storage and communications, construction, hotels and restaurants, mining and quarrying, trade and financial intermediation."
Thursday, May 10, 2012
The country annually loses more than $700 million because of tax evasion, a figure that is $100 million more than the amount from Venezuelan cooperation.
The Institute for Strategic Studies and Public Policy (IEEPP in Spanish), an NGO dedicated to studies of national real estate, has released a report on tax evasion, which concludes that this represents lost income of $714.5 million annually to the accounts.
Tuesday, May 8, 2012
At least 20% of Nicaragua's economic growth in recent years is the result of economic and commercial support from Venezuela.
A study by the Nicaraguan Foundation for Economic and Social Development (FUNIDES) shows that in 2010, when the economy was growing at 4.5 percent, the contribution of the relationship with Venezuela was 1.1 percentage point. In 2011, when growth was 4.7%, the Venezuelan contribution to the figure was 0.9%.
Monday, May 7, 2012
While in 2011 Costa Rica’s economy grew by 4.1%, the assets of the banking system increased by 8%.
The financial system of Costa Rica made a giant leap in the second half of 2011, with assets of the 17 constituent entities increasing their growth rate from 2% in June to 8% at the end of the year.
Wednesday, May 2, 2012
In Costa Rica, 7% of GDP is not enjoyed in the country, but it goes abroad as profits of foreign companies.
In 2011, the Gross Domestic Product (GDP) in Costa Rica reached $48.585 billion, but the earnings of the productive activity of foreign firms in the country should be deducted from that amount , which take to their countries of origin $3.4 billion. The National Disposable Income (NDI), which is what remains in Costa Rican territory was $45,185.
Friday, April 13, 2012
Statistical information compiled by the Banco de Guatemala has been released, which includes general indicators of real, external, monetary, financial and fiscal indicators.
"Gross Domestic Product (GDP) grew 3.9 percent in 2011, according to the latest review by the Bank of Guatemala (Banguat) confirming an improvement in the performance of productive activities."
Wednesday, April 11, 2012
In 2011 remittances grew by 5% compared to 2010; so far 2012 the amounts have already exceed those from the same period in 2009, making up 10%-11% of Guatemala's GDP.
In 2011, remittances to Guatemala exceeded the record highs of 2007 and 2008, before the global crisis.
Monday, April 2, 2012
Production rose by 5.16% in the last 3 months of 2011, the most dynamic period of the year.
Data released by the Central Bank on the behavior of gross domestic product (GDP) show that the last quarter of 2011 saw a growth in production of 5.16% compared to the fourth quarter of 2010, the highest of all quarters in 2011.
Wednesday, March 28, 2012
A report by the National Development Foundation said that expectations for 2012 "are extremely worrying."
From a statement from FUNDE:
Balance of the Economy in 2011 and Fiscal Outlook for 2012
In 2011, the Salvadoran economy maintained a low rate of growth for the second year, after a contraction in 2009 following the global financial crisis. Economic growth was close to 1.4% of GDP, which was probably due, among other things, to a considerable deterioration of economic activity in the second half of the year, coupled with the impact of the storm 12-E in agriculture. As a result, in December the Economic Activity Volume Index recorded an annual growth rate of 1.3% when in the first half it had maintained a certain dynamism pointing towards a recovery of the Salvadoran economy after the shock of 2009.
Monday, March 12, 2012
The expectation is that GDP will increase by 8.3%, a slight cooling off from the nearly 11% in 2011.
Panama has maintained a remarkable record of economic growth in recent years, despite the effects of the global economic crisis which began in 2008.
Monday, February 20, 2012
"By 2012, economic growth is projected at 2-2.5 percent, supported by increased domestic investment."
From a press release from the International Monetary Fund (IMF):
A mission from the International Monetary Fund (IMF) visited San Salvador from 6th to 15th of February to begin discussions for the fourth revision of the Stand-By Agreement. The mission met with the Technical Secretary of the Presidency, Alexander Segovia, the Minister of Finance, Carlos Caceres, the president of the Central Bank, Carlos Acevedo, and other senior government officials and private sector representatives.
Thursday, February 2, 2012
Two years ago we used the same title to report on the growing trend of the debt / GDP ratio in Costa Rica. Today the news is that this ratio has reached nearly 50%.
The consequences are as you would expect: upward trend in interest rates because the state must meet its cash needs competing for credit with the productive sectors, and reduced state investment, especially in infrastructure, which compromises the ability of the economy to grow.
Thursday, January 19, 2012
Natural disasters and other factors have influenced the situation in 2011; agreements with the IMF are to be reviewed.
Salvadoran state expenditures were $900 million more than the total revenues in 2011, according to preliminary estimates by the Ministry of Finance in December (MH), reported the online edition of La Prensa Grafica.
The fiscal deficit is equivalent to 4.2% of the gross domestic product (GDP), said the head of the ministry, Carlos Caceres. "The adjustment has been very large. We hope to reduce it to 4% when the information from December is consolidated, " said Caceres.
Monday, January 2, 2012
Experts agree that 2012 will be a year of slight growth, low inflation and devaluation.
The 30 economists consulted by the weekly publication El Financiero, forecast a GDP growth of around 3.3%, mainly driven by construction and trade sectors through domestic consumption. Interest rates will remain at levels similar to 2011, while the exchange rate could vary between 3 and 6%, reaching between 520 and 540 colones to the dollar at the end of 2012.
Thursday, December 15, 2011
The Central Bank of Costa Rica (BCCR) has announced that the country will close 2011 with a growth rate of 4% and a fiscal deficit equal to 5% of GDP.
Rodrigo Bolanos, president of the BCCR said at a press conference that the growth of 4%, is lower than last July’s projection of 4.5%.
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