1887

Economic Survey of Latin America and the Caribbean 1986

image of Economic Survey of Latin America and the Caribbean 1986

In 1986 the evolution of the Latin American economy was marked by contradictory changes. While the main variables used to measure domestic economic performance showed some improvement, the situation of the external sector worsened considerably. Thus, although the rate of economic growth picked up and unemployment and inflation slackened, the terms of trade worsened, the trade surplus fell and the balance-of-payments deficit increased sharply.

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Costa Rica

The economic performance of Costa Rica improved considerably over the past four years after the sharp decline in production during the period 1980-1982. During that period, inflation grew at an unprecedented rate, the exchange rate parity underwent abrupt changes, and financial imbalances reached critical proportions. This led to a drop of approximately 15 % in the per capita gross domestic product and to a widespread climate of uncertainty.

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