The economies of the Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua); are largely dependent on four major traditional export products: bananas, coffee, cotton and sugar.

What is the industry in Central America?

Central America is an Agricultural Powerhouse: The backbone of Central America’s economy relies on agricultural exports, such as coffee, bananas and pineapples. For example, agriculture comprises 24 percent of Costa Rica’s total GDP and 17 percent of Panama’s total GDP.

What kind of products does Central America export?

The main products that the region exports are agricultural type (cocoa, coffee, rice, flowers, etc.), the largest purchaser is the United States. While on the other hand, the region imports nontraditional products (cars, appliances, electronics, etc.) and the main seller is United States.

Which is the most industrial country in Central America?

Panama is recognized as the most industrial country in Central America, and the second in Latin America after Chile. Has strong business relationships and treaties with the United States, China , Colombia , Costa Rica , Japan and Singapore .

What are the most important industries in Honduras?

The sugar industry is an important industry in Honduras. A farming growing coffee in Honduras. Agriculture is an important part of the Honduran economy. Honduras is a country in Central America with a population over 9.1 million people. Data from the International Monetary Fund indicated that the nation’s GDP was $21.79 billion in 2017.

How is the tourism industry in Central America?

Central America’s Growing Tourism Industry: Belize and El Salvador contribute to Central America’s robust tourism industry. In Belize, tourism is the most important economic sector in the country next to agriculture. In 2017, El Salvador reported a 23.2 percent annual growth rate from domestic tourism.