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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.

English

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Nicaragua

The steady economic recovery of previous years weakened in 1998, as GDP grew by only 4%, less than expected by the authorities early in the year (6%). Hurricane Mitch, considered the worst natural disaster in the country’s history, contributed to these difficulties. The overall impact of the hurricane entailed a total cost of US$ 988 million, of which US$ 562 million represented direct storm damage.

English

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