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Economic Survey of Latin America and the Caribbean 1998-1999

image of Economic Survey of Latin America and the Caribbean 1998-1999

This survey presents an overview of the regional economy and the economic performance in 1998 and the first half of 1999. It also offers individual country reports on the performance of the 20 countries of Latin America during 1998 and the first half of 1999. In addition, the Economic Survey of Latin America and the Caribbean analyzes the economic situation in the countries of the English-speaking Caribbean. This year's edition includes a CD-ROM that contains the statistical appendix.

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El Salvador

The growth rate of the gross domestic product (GDP) of El Salvador in 1998 was 3.2%, which was slightly less than in 1997 (4.2%) and much lower than the annual average of 6.8% achieved during the four-year economic recovery (1992-1995) that followed the signing of the Chapultepec Peace Agreement. One of the factors that played a role in this regard was the negative growth of the agricultural sector (-0.9%), which in turn was due partly to lower international prices for certain commodities, such as coffee, and partly to the direct and indirect effects of El Nino and Hurricane Mitch.

English

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