<P> United States is the main socio - commercial of all Central American countries . Other important socio - commercial countries in Central America are the European Union, Japan, Dominican Republic and Mexico . Currently, Central American bloc based on a bilateral free trade agreement (FTA) with the United States known as CAFTA - DR, and another in negotiations with Peru . The Panama Canal is the connection of Central America with the rest world, and the main means of communication for trade with Central America, South America, United States, Europe and Asia . </P> <P> The economic development of Central America is the Middle level, although competitiveness is remarkable: </P> <Ul> <Li> Guatemala: Is the largest economy in the isthmus and the tenth in Latin America, has the largest nominal GDP ($118 655 million) and GDP PPP of $81.51 billion (2013 data). Maintains strong commercial relations mainly with the United States, Mexico, Taiwan, Dominican Republic, Germany and Korea . According to the International Monetary Fund, Guatemala has a stable economy . </Li> <Li> Panama: Besides having the highest HDI in the region, Panama has been the highest economic growth in Latin America, with an increase of 6.2% (2014). 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 . </Li> <Li> Costa Rica: The economy of Costa Rica is the third largest in the region, is the Central American country that has more trade relations, mainly with the United States, Singapore, European Union, Mexico, Chile, China, CARICOM (Caribbean Community), among others countries . Politically, Costa Rica is the most stable country in Central America . </Li> <Li> El Salvador: According to the World Bank, El Salvador is the fourth largest economy in the region, and has a GDP PPP of $50,903 million . The Salvadoran economy grew by 3% in 2010, after a strong contraction in 2009 . </Li> <Li> Honduras: Is the second poorest country in Central America, with 60% living in poverty according to the CIA World Factbook . In percentage, Honduras has the largest cheap labor in Central America, its economy is mainly agricultural, the main export products are rice, coffee, bananas, vegetables, and other products . </Li> <Li> Nicaragua: Is the least stable country in the region, and the second poorest in the hemisphere after Haiti . Nicaragua is the country that produces less, has the lowest HDI in the region, and it has the lowest minimum wage in Central America (USD $141.00). Nicaragua is the country that receives financial assistance in the region, since 4 out of 10 people live on less than a dollar a day, according to the PNUD . Nicaragua is integrated into the Bolivarian Alliance for the Peoples of Our America (ALBA). </Li> </Ul> <Li> Guatemala: Is the largest economy in the isthmus and the tenth in Latin America, has the largest nominal GDP ($118 655 million) and GDP PPP of $81.51 billion (2013 data). Maintains strong commercial relations mainly with the United States, Mexico, Taiwan, Dominican Republic, Germany and Korea . According to the International Monetary Fund, Guatemala has a stable economy . </Li>

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