Economic Survey of Latin America and the Caribbean 1994-1995

image of Economic Survey of Latin America and the Caribbean 1994-1995

Issued in two volumes - volume I gives insight into the economic trends, the international economy and the role of exchange rate policy in Latin America and the Caribbean. Volume II explores the economic developments by country. Complimentary statistical tables are included.



Costa Rica

In 1994 the Costa Rican economy expanded significantly, by over 4%, although more slowly than in the previous two years. Despite the growth of aggregate output and a decrease in the foreign trade deficit, signs of macroeconomic disequilibria were perceived during the year. These consisted mainly of a massive fiscal imbalance, the acceleration of domestic price increases to an annual 20%, and the persistence of a high deficit on the current account of the balance of payments.


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