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Economic Development of Central America Econ. 4200 - Spring 2004 – Dr. Taylor - page 112 / 153

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President: Antonio Saca (2004)

Population (2004 est.): 6,587,541

Capital and largest city: San Salvador, 1,791,700 (metro. Area

Monetary unit: Colón; U.S. dollar

Ethnicity/race: mestizo 90%, Indian 1%, white 9%

Economic summary: GDP/PPP (2002 est.): $29.41 billion; per capita $4,600. Real growth rate: 2.1%. Inflation: 3.8% (2001 est.).

Unemployment: 10%—but the economy has much underemployment.

Exports: $3 billion (2002 est.): offshore assembly exports, coffee, sugar, shrimp, textiles, chemicals, electricity.

Imports: $4.9 billion (2002): raw materials, consumer goods, capital goods, fuels, foodstuffs, petroleum, electricity.

Major trading partners: U.S., Guatemala, Honduras, Nicaragua, Mexico, France.

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