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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.

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Panama

The Panamanian economy marked up its fifth consecutive year of growth in 1994 against a backdrop of price stability. At a little over 4%, the economy's growth rate was lower than the high rates achieved in the preceding years, but even so it was enough to bring per capita GDP back up to the level it had reached prior to the 1988 crisis. Despite this strong performance, however, the open unemployment rate was verging on the disquieting level of 14%.

English

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