Central America
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America 1954 , pp 138-143
- Publication Date: December 1954
- DOI: https://doi.org/10.18356/37169084-en
- Language: English
The economic situation in Central America was principally characterized in 1954 by favourable terms of trade, which arose from further price increases in such staple exports as coffee, cotton and cacao. As a result of their positive influence, gross income continued to expand, while the gross product in real terms remained at a similar level to the previous year, thus reflecting the stability of agricultural production. Foreign demand, therefore, was still the dynamic element in the Central American economy and primarily accounted for the standard of income and economic activity attained in 1954.
© United Nations
ISBN (PDF):
9789210583572
Book DOI:
https://doi.org/10.18356/b2bd1486-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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