4 GeoFroggy

Economy Overview

Economic reforms are aimed at developing the private sector and attracting foreign investment to diversify the economy and mitigate high unemployment. The government’s elevated debt levels have limited its capacity to finance any shortfalls.

Agriculture Products

bananas, corn, beans, sweet potatoes, sugarcane, coffee, peanuts; fish

Industries

food and beverages, fish processing, shoes and garments, salt mining, ship repair

Industrial Production Growth Rate

1.4% (2015 est.)

Labor Force

196,100 (2007 est.)

Unemployment Rate

16.4% (2013 est.)

Population Below Poverty Line

30% (2000 est.)

Household Income or Consumption by Percentage Share

Lowest 10%: 1.9%

Highest 10%: 40.6% (2000)

Budget

Revenues: $406.3 million

Expenditures: $474.7 million (2015 est.)

Public Debt

110.9% of GDP (2014 est.)

Central Bank Discount Rate

7.5% (31 December 2009)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

$597.6 million (31 December 2014 est.)

Stock of Broad Money

$1.608 billion (31 December 2014 est.)

Stock of Domestic Credit

$1.449 billion (31 December 2014 est.)

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

$510.9 million (31 December 2014 est.)

Debt External

$1.537 billion (31 December 2014 est.)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

79.32 (2011 est.)
Year

GDP Official Exchange Rate

  • $1.595 billion 2015 est.

Taxes and Other Revenues

  • 25.5% of GDP (2015 est.)

Budget Surplus or Deficit

  • -4.3% of GDP (2015 est.)

Fiscal Year

  • calendar year

GDP Purchasing Power Parity

    $3.302 billion (2013 est.)

GDP Real Growth Rate

    1% (2013 est.)

GDP Per Capital

    $6,400 (2013 est.)

Gross National Saving

    28.7% of GDP (2013 est.)

GDP Composition by end Use

  • Household consumption
    56.2%
  • Government consumption
    15.5%
  • Investment in fixed capital
    34%
  • Investment in inventories
    0.9%
  • Exports of goods and services
    33.9%
  • Imports of goods and services
    -40.5% (2015 est.)

GDP Composition by Sector of Origin

  • Agriculture
    7.3%
  • Industry
    16.5%
  • Services
    76.2% (2015 est.)

Inflation Rate Consumer Prices

    -0.2% (2014 est.)

Current Account Balance

    -$150 million (2014 est.)

Exports

    $253.3 million (2014 est.)

Exports Partners

  • Australia
    83%
  • Spain
    8.6%

Exports Commodities

    Fuel (re-exports), shoes, garments, fish, hides

Imports

    $857.4 million (2014 est.)

Imports Partners

  • Portugal
    29.9%
  • Australia
    26.4%
  • Netherlands
    11.2%
  • Spain
    5.6%
  • China
    5.6%

Imports Commodities

    Foodstuffs, industrial products, transport equipment, fuels