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Economic Development of Central America Econ. 4200 - Spring 2004 – Dr. Taylor - page 131 / 153

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President: Enrique Bolaños (2002)

Population (2004 est.): 5,232,216 (growth rate: 2.0%); birth rate: 25.6/1000; infant mortality rate: 30.3/1000; life expectancy: 70.0; density per sq mi: 105

Capital: Managua, 1,390,500 (metro. area), 1,146,000 (city proper)

Monetary unit: Gold cordoba

Ethnicity/Race: mestizo (mixed Amerindian and white) 69%, white 17%, black 9%, Indian 5%

Economic summary: GDP/PPP (2002 est.): $11.16 billion; per capita $2,200. Real growth rate: 1.1%.

Inflation: 3.7%

Unemployment: 24% plus considerable underemployment (2002 est.).

Exports: $637 million (f.o.b., 2002 est.): coffee, bananas, sugarcane, cotton, rice, corn, tobacco, sesame, soya, beans; beef, veal, pork, poultry, dairy products.  

Imports: $1.7 billion (f.o.b., 2002 est.): machinery and equipment, raw materials, petroleum products, consumer goods.

Major trading partners: U.S., El Salvador, Honduras, Costa Rica, Venezuela, Guatemala, Mexico, South Korea.

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