1945

In 2000, Guatemala was able to control the inflationary pressures and exchange-rate instability that had been unleashed the previous year, but it could not stop the economic slowdown that had begun in that same period. Thus, inflation was 5.1%, the budget deficit was 1.9% of gross domestic product (GDP), net international reserves rose by 50%, and the nominal exchange rate ended the year at the same level it had stood at 12 months previously. GDP grew by just 3.3%, however, below the 1999 and 1998 rates (3.6% and 5%, respectively).

Related Subject(s): Economic and Social Development
Countries: Guatemala
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