Top 7 Richest Country in Central America – Ranking, GDP, Economies

Richest Country in Central America: Central America is a region of the Americas. It is bordered by Mexico to the north, Colombia to the south, the Caribbean Sea to the east, and the Pacific Ocean to the west. Central America consists of seven countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama. 

In this list I will present the richest countries of Central America.

List of Top 7 Richest Country in Central America – Ranking, GDP, Economies

In central America Guatemala is the largest economy (GDP) 68.76 billion USD (2016), there is a lot of corruption (ranked 136 out of 176 in the corruption perception index), high levels of crime (declining), varied climate, lots of tourist attractions and mayan cuisine.

In this list about the richest country in Central America you can find:

  • Nicaragua
  • Belize
  • Costa Rica
  • Guatemala
  • Honduras
  • Panama
  • The Savior

Honduras

Honduras, every day more submerged in poverty with a Human Development Index of 0.861 and an Economic Growth of 0.002. This country has red figures and it will continue to occupy very soon the top one of the poorest country in Central America.

The Honduras with 21.51 billion USD, corruption is on par with Guatemala, great food and nice islands in Honduras, but they also have the worst crime levels (highest homicide rate in the world with 82.1 per 100,000 in Honduras).

Richest Country in Central America
Richest Country in Central America

Honduras is a Central American country with Caribbean Sea coastlines to the north and the Pacific Ocean to the south. In the tropical rainforest near Guatemala, the ancient Mayan ceremonial site Copán has stone-carved hieroglyphics and stelae, tall stone monuments. In the Caribbean Sea are the Bay Islands, a diving destination that’s part of the 1,000km-long Mesoamerican Barrier Reef.

Capital: Tegucigalpa
Dialing code: +504
President: Xiomara Castro
Currency: Honduran lempira
Continent: North America

Read More – Top 7 Most Beautiful Honduran Women in The World, Gorgeous & Hottest Girls in Honduras

Nicaragua

The Nicaragua, the poorest country in Central America, with a Human Development Index of 0.77 and an Economic Growth of 0.054. A beautiful country but submerged in poverty and misery.

Nicaragua is considered the poorest country in CA, with 13.1 billion USD GDP, lots of unemployment, ranked 146 of 176 in the corruption perception index. 

Richest Country in Central America
Top 7 Richest Country in Central America

Nicaragua, set between the Pacific Ocean and the Caribbean Sea, is a Central American nation known for its dramatic terrain of lakes, volcanoes and beaches. Vast Lake Managua and the iconic stratovolcano Momotombo sit north of the capital Managua. To its south is Granada, noted for its Spanish colonial architecture and an archipelago of navigable islets rich in tropical bird life.

Capital: Managua
Dialing code: +505
President: Daniel Ortega
Currency: Nicaraguan córdoba
Continent: North America

Belize

We had to put the ugly duckling of Central America and unfortunately many tourists on their land but little financial contribution, that is why today Belize is the poorest country in Central America, with a Human Development Index of 0.755 and an Economic Growth of 0.01.

Belize has the smallest economy, 1.7 billion USD, corruption is average for the region (not ranked by transparency international, but has scored 29/100 in other studies, with 0 being highly corrupt), underdeveloped infrastructure but easily the best beaches and virgin jungles.

Richest Country in Central America

Belize is a nation on the eastern coast of Central America, with Caribbean Sea shorelines to the east and dense jungle to the west. Offshore, the massive Belize Barrier Reef, dotted with hundreds of low-lying islands called cayes, hosts rich marine life. Belize’s jungle areas are home to Mayan ruins like Caracol, renowned for its towering pyramid; lagoon-side Lamanai; and Altun Ha, just outside Belize City.

Capital: Belmopan
Dialing code: +501
Currency: Belize dollar
Continent: North America

Costa Rica

The Costa Rica, with a Human Development Index of 0.919 and an Economic Growth of 0.004. It is the third most economically strong nation in Central America.

Costa Rica with 57.43 billion USD (which is also the most politically stable, less corrupt, has great beaches and is a very nice country to visit)

Richest Country in Central America
Richest Country in Central America

Costa Rica is a rugged, rain forested Central American country with coastlines on the Caribbean and Pacific. Though its capital, San Jose, is home to cultural institutions like the Pre-Columbian Gold Museum, Costa Rica is known for its beaches, volcanoes, and biodiversity. Roughly a quarter of its area is made up of protected jungle, teeming with wildlife including spider monkeys and quetzal birds. 

President: Rodrigo Chaves Robles Trending
Capital: San José
Dialing code: +506
Currency: Costa Rican colón
Continent: North America

You Can Know – Top 7 Most Beautiful Costa Rican Women, Gorgeous & Hottest Girls in Costa Rica – Top7Portal

Guatemala

Guatemala, here we are going down in the poorest countries of Central America. Human Development Index of 0.907 and Economic Growth of 0.007. It makes a nation not very sustainable even though there are means that manipulate the truth of Guatemala, with being able to visit your nation you will realize the poverty that seizes them.

1200px Flag of Guatemala.svg
Richest Country in Central America

Guatemala, a Central American country south of Mexico, is home to volcanoes, rainforests and ancient Mayan sites. The capital, Guatemala City, features the stately National Palace of Culture and the National Museum of Archaeology and Ethnology. Antigua, west of the capital, contains preserved Spanish colonial buildings. Lake Atitlán, formed in a massive volcanic crater, is surrounded by coffee fields and villages.

Capital: Guatemala City
Dialing code: +502
Currency: Guatemalan quetzal
President: Alejandro Giammattei
Continent: North America

Read More – Top 7 Most Beautiful Guatemala Women in The World, Gorgeous & Hottest Girls in Guatemalan

Panama

The Panama with a Human Development Index of 0.966 and an Economic Growth of 0.002. It is the most stable and economically strong nation in Central America.

Panama comes in third with 55.18 billion USD (they have a very modern but small economic hub, highest GDP PPP, good shopping areas and night life).

Richest Country in Central America

Panama is a country on the isthmus linking Central and South America. The Panama Canal, a famous feat of human engineering, cuts through its center, linking the Atlantic and Pacific oceans to create an essential shipping route. In the capital, Panama City, modern skyscrapers, casinos and nightclubs contrast with colonial buildings in the Casco Viejo district and the rainforest of Natural Metropolitan Park.

Capital: Panama City
Dialing code: +507
Continent: North America
President: Laurentino Cortizo
Currencies: Panamanian balboa, United States Dollar
Official language: Spanish

The Savior (El Salvador)

El Salvador, with a Human Development Index of 0.965 and an Economic Growth of 0.002. It is the second most economically strong nation in the Central American region.

El Salvador has 26.79 billion USD

Flag of El Salvador

The El Salvador (/ɛl ˈsælvədɔːr/ ( listen); Spanish: el salβaˈðoɾ, meaning “The Saviour”), officially the Republic of El Salvador (Spanish: República de El Salvador), is a country in Central America.

Currency: Salvadoran colón United States dollar …
Government: Unitary presidential republic
Official languages: Spanish

Which is the most developed country in Central America?

I’d have to say Panama.

Panama slightly edges out Costa Rica in terms of nominal GDP per capita at around $10,800.

Panama also now has full control of the the US dug Canal, which pumps millions of dollars annually into the national economy.

The Albrook Mall near the canal zone is significantly larger in size than any mall in the USA.

When I went to school in Managua, the two weekend shopping destinations for the Nicaraguan elite were always either Miami or Panama city.

To truly understand the level of development in Panama, just drive through the capital city, craning your neck to see the tops of 250m+ buildings. As far as development goes, Panama seems to be in another league compared to it’s Central American neighbors.

People Also Ask – FAQ

What is the most developed country in Central America?

However, Costa Rica is considered to be the most “developed” of the Central American countries because it has a relatively high GDP per capita and has the best indicators of the Central American countries for life expectancy at birth, infant mortality rate, and adult literacy rate.

What is the richest country in Central America by GDP?

Rank: 1
Country: Brazil
GDP (millions of US$): 1 363 767
GDP per capita 2021 (US$): 7 010

What is Central America’s poorest country?

El Salvador. The smallest country in Central America, El Salvador has a small elite population that became wealthy through the country’s coffee and sugar production. While a significant percentage of the population falls below the poverty line, that number gradually dropped from 39% in 2007 to 22.3% in 2019.

What is the best place to live in Central America?

The 7 Best Places to Live in Central America
The City Beaches, Panama.
Boquete, Panama.
Antigua, Guatemala.
Cuidad Vieja, Guatemala.
Matagalpa, Nicaragua.
Escazu, Costa Rica.
Lake Atitlan, Guatemala.
Taboga Island, Panama

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