Up to March the Nicaraguan economy registered a growth of 3.6%, representing a deceleration of 3.4% relative to growth in the last quarter of 2012.
Monday, July 8, 2013
From a statement from the Central Bank of Nicaragua:
Regarding expenditure, PIBT growth was supported by a boost in net foreign demand and gross capital formation. The result of net external demand stemmed from the 1.3 percent growth in exports (15.7% in fourth quarter 2012), aided by the contraction of imports recorded in the reference quarter (-4.3%).
Meanwhile, gross capital formation registered a growth of 5.7 percent, mainly due to an increase in construction components in buildings and public civil engineering works.
From the point of view of production, the activities which showed the greatest dynamism were: cultivation of other
agricultural products (22.3%), construction (10.8%), public administration and defense (7.5%), production of refined petroleum products (163.2%) and health and social activities (13.4%), mainly.
Greater respect for property rights leads to faster economic development
The order of the countries in the 2011 International Property Rights Index (IPRI) report is less important than the conclusions that are possible to obtain by analyzing correlations between the parameters that comprise the index and economic development.
FUNDESA compares international indexes of Central American countries and provides suggestions and actions to promote development in Guatemala.
The Foundation for the Development of Guatemala (FUNDESA) presents, as a balance for 2010, an index comparison with other Central American countries and lists 5 groups considered priority actions when promoting better development conditions for Guatemala, expecting better index evaluations for the future:
Despite rapid development in recent years, there remain serious obstacles in order to progress beyond what has been achieved in Panama.
These obstacles are structural defects that have to be corrected, such as the inefficiency of public administration, people with low education, lack of skilled labor, regions far away from the capital lacking basic services and serious problems in transportation and health.
Abraham Lowenthall rediscovered the isthmus 25 ago and analyzes the changes that have occurred during that period.
In his column published in America Economia, the analyst asks us to "Imagine that your twin brother will wake up today from a 25 year coma and asks you for a report on the main changes that have occurred in Central America, what will you tell him?