United States Economy Facts
Economical overview The US economy is made up of several important sectors, is characterized by high flexibility and has been described as a “job machine” for its ability to create employment. The country is...
For the complete list of nations in North America, please visit ehistorylib.com.
Economical overview The US economy is made up of several important sectors, is characterized by high flexibility and has been described as a “job machine” for its ability to create employment. The country is...
Economical overview Nicaragua is the second poorest country in Latin America after Haiti. Agriculture is the basis of the economy, although the industrial sector has grown in recent years, as has tourism. Resources and...
Economical overview The service sector dominates Panama’s economy, which for a number of years has been one of the fastest growing in the world. The income comes mainly from the canal, the free trade...
Economical overview Previously, Saint Kitts and Nevis economy was almost entirely based on sugar production. As profitability declined in the sugar industry, the country developed other industries. In 2005, the entire sugar industry was...
Economical overview Saint Lucia’s economy has fundamentally changed over the past three decades. The country’s old main industry, banana cultivation, has lost its dominant position. Tourism is now the most important economic sector. At...
Economical overview Saint Vincent and the Grenadines is a small island nation and the poorest of the states of the eastern Caribbean. The economy has traditionally been dominated by agriculture and not least the...
Economical overview The pillars of the economy are electronics exports, tourism and agriculture. For a long time, Costa Rica was a marked agricultural economy, but with the beginning of the 1960s, the state invested...
Economical overview Cuba’s economy is largely state-controlled, although private forces have been given greater leeway under the reform policy that has been in progress since 2010. The country’s traditional dependence on sugar production has...
Economical overview Trinidad and Tobago have one of the strongest economies in the Western Hemisphere, thanks to large oil and natural gas resources. However, declining natural gas production and falling prices, as well as...
Economical overview No other country in the Caribbean has been as dependent on the banana industry as Dominica, but banana production has been in crisis for a long time. Attempts to develop other industries...
Economical overview Agricultural exports have traditionally been the mainstay of the Dominican economy, which, however, has gained a wider base since the 1980s. Tourism, the telecom sector and the economic free zones have grown...
Economical overview El Salvador is considered a middle-income country, but its assets and income are unevenly distributed. Economic power is held by a small, land-owning elite who originally earned their money on sugar and...
Economical overview Grenada is heavily dependent on tourism and agriculture. The small economy is vulnerable to weather and wind as well as to fluctuations in the world economy, which became clear after the hurricanes...
Economical overview Agriculture has long been Guatemala’s main industry, but today the service sector is the largest. The manufacturing industry has also become an important source of income, as has the increase in tourism....
Economical overview Haiti is the poorest country in the western hemisphere and a large part of the population lives in deep poverty. The gap between the poor and the rich is huge. The country...
Economical overview Honduras is one of Latin America’s poorest countries. Historically, the economy has been completely dependent on coffee and banana exports, but during the 1990s production expanded. Nowadays, foreign-owned assembly plants, so-called maquilas,...
Economical overview Bauxite, tourism, telecommunications service centers as well as money shipments from Jamaicans abroad provide the main revenue in Jamaica. The informal sector is also important. In the 1960s, the economy was based...
Economical overview The ancient agricultural land of Mexico is still one of the world’s leading corn and vegetable growers, but since the beginning of the 20th century, oil extraction and later industry have become...
Economical overview Tourism is the main industry in Antigua and Barbuda. A significant portion of the state’s income comes from the sale of citizenship. Agricultural production is limited by drought and soil degradation. Since...
Economical overview The Bahamas is the richest of all independent states in the Caribbean and Latin America, per capita. Tourism is the dominant industry. Finance is also important. Economic developments differ greatly between the...
Economical overview Barbados is one of the most developed and prosperous countries in the Caribbean and also socially and politically stable. Gross domestic product per person is one of the highest in the Western...
Economical overview Belize’s main source of income is tourism, which accounts for a quarter of the gross domestic product of GDP and employs a fifth of the working population of the population. The second...
Economical overview Bosnia has had a hard time recovering after the armed conflict of the 1990s when GDP per capita fell to one fifth of what it was before the war. The transition to...
Economical overview Canada is a rich country with huge natural resources, well-educated manpower and high-tech industries. The manufacturing industry is still important to the country’s economy, but the service sector has grown rapidly. It...
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