Economic Survey of Latin America and the Caribbean 1999-2000

image of Economic Survey of Latin America and the Caribbean 1999-2000

This summary provides an assessment of the Latin America and the Caribbean region's economy during 1999 and the first half of 2000. It presents an overview of each country's external sector, macroeconomic policy, activity levels, inflation, employment, saving and investment. The publication contains thirteen statistical tables.



El Salvador

Gross domestic product (GDP) grew by 2.6% in 1999. This was in line with the projections made for the monetary and financial programme but less than the 1998 figure (3.5%) and well below the robust, sustained annual increase of 6.9% achieved during 1992-1995, after the peace accords were signed. Per capita GDP posted a negative growth rate (-0.2%) after having expanded by 1.4% in 1998. National income stagnated as the terms of trade deteriorated and net external income payments Increased.


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