Markets, resources, industry.
Guyana’s economy has been transformed by the discovery and development of major offshore oil reserves in the Stabroek Block, first announced in 2015. Oil and gas production, led by an international consortium, has become the dominant driver of economic activity, fueling some of the fastest GDP growth rates in the world in recent years and […]
Guatemala’s economy rests on a mix of agriculture, light manufacturing, and services, with agriculture the traditional backbone of exports even as services and industry have grown to account for a larger share of output. Sugar, coffee, and bananas remain leading export crops, and Guatemala is the world’s leading producer and exporter of cardamom. Agriculture continues […]
Tourism is the leading industry in Grenada’s economy and its largest source of foreign exchange. Cruise ship arrivals and stay-over visitors are drawn to the island’s beaches, rainforested interior, and reputation as the “Spice Isle,” and the broader services sector, including tourism, banking, and retail, now accounts for the majority of the country’s economic output. […]
Services form the largest segment of El Salvador’s economy, accounting for roughly three-fifths of gross domestic product. This broad sector spans banking, retail, and transportation, along with a tourism industry that has grown substantially since the end of the civil war in 1992, drawing visitors to the country’s Pacific beaches, colonial towns, and volcanic landscapes. […]
Petroleum forms the historical backbone of Ecuador’s economy. The state-owned company Petroecuador extracts crude oil primarily from fields in the Amazon basin, and oil exports have long been the country’s largest single source of foreign revenue, even as global price swings periodically strain public finances. Ecuador holds sizable proven reserves, and the government has continued […]
