Panama and Costa Rica – narco-economies?

The movement of illicit capital in Costa Rica and Panama counts for more than 10% of their respective GDP, meaning that its removal would be a major blow to their economies.

A report entitled “Illicit Financial Flows from Developing Countries: 2001-2010” by Global Financial Integrity, reveals that during the first 10 years of the new century, the flow of illicit money in Costa Rica amounted to $64 billion, while in Panama the total was $40 billion says CentralAmericaData

As an example, illegal capital flows from 2001 to 2010 in Mexico totaled $476 billion. Just comparing the size of its economy with those of Costa Rica and Panama is enough to see how in the latter two countries the importance of illicit capital flow is excessive. With less intensity, this is situation is replicated in other Central American countries.
An article in explores this phenomenon and its impact on the countries of Central America, who, little by little, are becoming narco-economies.

Source: Newsroom Panama