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Economy, Manufacturing

Central American Common Market, CACM, political instability, processed food, GDP

In 2000 manufactures accounted for 13 percent of the GDP. Products are mainly exported to the countries of the Central American Common Market (CACM). The CACM provided the main stimulus for investment in manufacturing after 1960, and output grew rapidly in the 1970s, but slowed in the 1980s because of political instability. In the 1990s manufacturing recovered somewhat, although it grew at a slower rate than the GDP. Recently, assembly plants of clothing and textiles have become an important part of the manufacturing sector, mostly for export to the United States. Leading manufactures include processed food, cosmetics, pharmaceuticals, chemicals, glassware, paper, and furniture.



Article key phrases:

Central American Common Market, CACM, political instability, processed food, GDP, cosmetics, glassware, manufacturing sector, s manufacturing, pharmaceuticals, furniture, textiles, percent, output, chemicals, paper, countries, export, investment, United States, Products

 
 

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