BLP’s summary of the most important regional news and opportunities offers an overview of the economic, social, and political landscape of Central America at a glance.
Costa Rica
Costa Rica accelerates its economic growth to 5.2%
The Costa Rican economy grew 5.2% in the third quarter of 2025, driven mainly by the special regime (+19.6%) and the dynamism of manufacturing and professional services. Manufacturing accounted for 40% of growth, while technical and scientific services contributed 21%. However, construction and agriculture showed declines, reflecting uneven growth across industries. Read more.
OECD anticipates a slight drop in interest rates for 2026
The OECD projects a 0.25 percentage point reduction in Costa Rica’s Monetary Policy Rate (MPR) to 3.25% in early 2026, followed by stability as inflation approaches the 3% target. Read more.
Barranca–Limonal expansion to begin in 2026
The 48 km road expansion project, with an investment exceeding $275 million, is expected to begin in January 2026 following approval by the Comptroller General. Read more.
Costa Rica featured by Forbes as a top destination for 2026
Forbes highlighted Costa Rica—particularly Guanacaste—as one of the top six travel destinations for 2026, citing its blend of sustainability, luxury, and nature. Read more.
El Salvador
Leader in geothermal energy
El Salvador leads the region with 21% of its energy coming from geothermal sources and continues expanding renewable initiatives. Read more.
Loans exceed $20.5 billion
The financial system grew 6.47% year-on-year, reflecting strong credit demand and economic confidence. Read more.
Guatemala
Record international reserves
Guatemala reached US$32 billion in international reserves, strengthening economic stability. Read more.
Projected 3.6% growth for 2026
Economic growth is expected to remain stable, supported by investment and trade. Read more.
Honduras
Strong foreign exchange performance
Foreign exchange earnings increased 24.9%, strengthening reserves and financial stability. Read more.
Nicaragua
Exports grow 22.4%
Exports reached US$2.37 billion in Q3 2025, reducing the trade deficit significantly. Read more.
BLP Insights
New opportunities in PPPs in Guatemala
Recent reforms streamline approval processes and expand infrastructure opportunities. Read more.
Tax refund compliance reform
New legislation accelerates VAT refund processes and strengthens oversight. Read more.
Economic Index
| Country | Exchange Rate (USD) | Passive Rate | Policy Rate | S&P | Moody’s | Fitch | Inflation |
|---|---|---|---|---|---|---|---|
| Costa Rica | 497.90 | 3.78% | 3.50% | BB | Ba2 | BB+ | -0.37% |
| El Salvador | 8.75 | 5.15% | N/A | B- | B3 | B- | 0.93% |
| Guatemala | 7.65 | 5.04% | 4.00% | BB+ | Ba1 | BB+ | 1.26% |
| Honduras | 26.31 | 8.18% | 5.75% | BB- | B1 | N/A | 5.09% |
| Nicaragua | 36.62 | 2.53% | 6.00% | B+ | B2 | B | 2.66% |
Source: SECMCA | December 5, 2025
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