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Macro-financial considerations

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Frame of Image CA at a glance - GDP per capita Income levels (as GDP p.c. in constant 2005 USD) are -on average- well below the regional figures Belize: 4.247 LAC: 6.013 Dominican Republic: 5.054 Guate mala: 2.317 El Salvador: 3.035 Costa Rica: 5.716 SICA: 4.389 Panama: 7.460 Nicaragua: 1.350 Source: own elaboration based on WDI Honduras: 1.569 II. Macroeconomic Performance Composition of GDP in SICA follows a worldwide common trend (+services, =industry, -agriculture) Source: own elaboration based on WDI II. Macroeconomic Performance Although there are differences across SICA Less agriculture and more services in CR and DR More agriculture and less industry in BE and NI And a very different productive structure... Source: own elaboration based on WDI II. Macroeconomic Performance Higher growth and less volatility in the last 20 years (similar results if using PPP adjustment); SICA outperforms LAC Source: own elaboration based on WDI II. Macroeconomic Performance But average growth figures are misleading; DR, Honduras, Nicaragua and Panama grew faster in the last decade Growth volatility has been reduced across SICA Source: own elaboration based on WDI II. Macroeconomic Performance Growth convergence within SICA Source: own elaboration based on WDI II. Macroeconomic Performance Similar results when looking at per capita growth in the last 20 years Source: own elaboration based on WDI II. Macroeconomic Performance Convergence in GDP per capita growth rates, but average income in Panama is 4


Full Text
Title Macro-financial considerations
Similar Titles
Material Type Proceedings
Author(English)

Vatnick, Silvina

Publisher

[Washington, D.C.] : Growth Dialogue Institute
Date 2015
Event [Workshop] Korea Study Tour for Government Officials of SICA Member Countries
Pages 36
Subject Country Central America(Americas)
Language English
File Type Documents
Original Format pdf
Subject Economy < Macroeconomics
Economy < Financial Policy
Holding GDI; KDI School
License