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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

Korea Study Tour for Government Officials of SICA

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