On track for a recovery but structural weaknesses persist

B2

MEDIUM RISK

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Updated in July 2021.
  • Resilient economic growth
  • Robust tourism sector
  • Good infrastructure network
  • Sound banking sector indicators
  • Free Trade Agreement with the US (CAFTA-DR)
  • Political stability
  • Weak rule of law
  • High levels of red tape and corruption
  • Persistent income inequality is a breeding ground for social unrest

Trade structure by destination/origin

(% of total, 2020)

Exports Rank Imports
United States 51.9%
1
43.5% United States
Switzerland 11.3%
2
17.7% China
Haiti 5.8%
3
3.4% Mexico
Canada 4.6%
4
3.2% Spain
Netherlands 4.0%
5
2.7% Brazil

Trade structure by product

(% of total, 2020)

Exports Rank Imports
Gold, non-monetary (excluding gold ores and concentrates) 16.9%
1
9.6% Petroleum, petroleum products and related materials
Professional and scientific instruments, n.e.s. 11.6%
2
6.4% Road vehicles
Electrical machinery, apparatus and appliances, n.e.s. 10.3%
3
6.2% Miscellaneous manufactured articles, n.e.s.
Tobacco and tobacco manufactures 9.2%
4
6.1% Electrical machinery, apparatus and appliances, n.e.s.
Articles of apparel & clothing accessories 6.7%
5
4.8% Textile yarn and related products
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East