Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
GDP Growth of Most Economies to Remain More or Less Stable or Accelerate
save 25 %
* Required Fields
Pay by invoice
This research delves into the macroeconomic outlook for Central American countries, with respect to political environment, GDP growth, and demographics. Countries analyzed as part this research include Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. The study period for this research is 2014 to 2022, with estimates for 2018, and forecasts for 2019 to 2022. Political unrest and instability are challenges across most of these economies, with, for example, the President of Honduras sworn in January 2018 for a second term amid protests. Similarly, in Nicaragua, there were violent clashes in 2018 following protests against government reforms. Costa Rica has been struggling in the recent years to get fiscal reforms passed, with the newly elected President facing the important task of securing approvals for a fiscal reform package. Some of the salient, proposed fiscal reforms include the replacement of a sales tax with a value-added tax (VAT), and a ceiling on public sector employee wages. In 2019, Belize could potentially hold a referendum regarding territorial dispute with Guatemala, with the latter having conducted a referendum in 2018. With regard to GDP growth, growth is expected to remain more or less stable or accelerate over the forecast period for most of these economies. Belize, for example, saw a rebound in GDP growth in 2017 following negative growth in 2016, with growth expected to gain further momentum over the forecast period, especially supported by the tourism sector. Panama is expected to be the fastest growing country amongst these set of countries, with a forecast growth rate of 5.6% until 2022, specifically supported by higher construction activities. Honduras, however, is expected to see a dip in growth between 2017 and 2018 on account of factors, such as higher oil prices and restraints stemming from US immigration policy changes. Should a fiscal reform package be passed in Costa Rica, GDP growth would be lesser than projected, with current forecasts hovering at about 3.4%. The pace of population of growth is expected to decline across countries, with the working age population share to, however, increase across all the countries. The trend of increasing working age population stands in direct contrast to the declining trend seen across the developed world. A growing working age population should grant companies the benefit of choosing from a larger labour pool. Costa Rica is expected to be the only countries that will see its working age population share contract over the forecast period.
Key Issues Addressed
Author: Neha Anna Thomas
Central American and Caribbean Countries Economic Tracker, H2 2019
A New Global Paradigm with China’s One Belt, One Road Initiative
Future of Connected Living
Future of User Interfaces Shaping New Consumer Experiences
Transformative Economic and Demographic Trends in Russia, 2025
Increased Investment by Cloud and Colocation Providers Drives the Global Data Center Market
India’s Economic and Social Transformation
Global Smart City Scorecard, 2020
COVID-19 Alters Near-term Growth Trajectory of Central America and the Caribbean
Nine Mega Trends Radically Accelerated by COVID-19
dietary supplements market
glucose monitoring devices market
flexible electronics market
smart lighting market
residential solar market
smart grid market
health supplement market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.