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.




In 1994 the Bolivian economy grew by over 4% for the second consecutive year, while inflation continued on a downward trend, falling to an 8.5% annual rate, its lowest level in 18 years. At the same time, Bolivia managed to reduce its fiscal and trade deficits. These achievements are signs of further progress towards the attainment of macroeconomic equilibria and a sustained economic recovery; however, per capita gross domestic product (GDP) is still 13% below the level reached in 1980.


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