Component

PC1

PC2

PC3

PC4

PC5

Foreign direct investment

0.789

−0.458

−0.006

−0.105

0.264

Gross capital formation

0.836

−0.481

0.095

−0.034

0.107

Official exchange rate

0.924

0.167

0.260

−0.042

0.025

Trade openness

0.736

0.211

−0.489

0.043

0.326

External debt stock

−0.254

0.801

−0.225

0.179

0−.403

Final consumption expenditure

−0.141

0.740

−0.584

0.168

−0.038

Relative import prices

0.049

0.966

0.077

0.022

−0.109

GDP growth

0.096

−0.079

0.946

−0.002

0.075

Inflation

−0.089

0.251

0.185

0.892

0.119

Population growth

−0.017

0.091

0.430

−0.781

0.286

Savings

0.270

−0.320

0.066

−0.043

0.857