The Central American Countries Explained
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[9] Chishti, M., Hipsman, F. (2016, February 18). Increased Central American Migration to the United States May Prove an Enduring Phenomenon. Retrieved July 22, 2019, from -central-american-migration-united-states-may-prove-enduring-phenomenon.
Growth in CAC has also been driven by high levels of investment and household consumption when compared with the rest of Latin America and the global average. Household consumption is partly explained by the high value of remittances received in a majority of CAC countries: except for Costa Rica, Panama, and Trinidad and Tobago, remittances represent on average 11 percent of GDP, compared with the global average of less than 1 percent. On the other hand, a high trade-balance deficit remains a main factor of lag, both regionally and in the fastest-growing countries. 59ce067264