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.




Nicaragua's rate of economic growth increased from 4.1% to 6.9% in 1999, despite the damage inflicted by Hurricane Mitch in late October 1998, and per capita income rose by 4.2%. With external demand weakening and lower international prices for the country's main export products, the expansion was driven by buoyant domestic demand, which in turn was fueled by an increase in investment and consumption in both the public and the private sectors. Significantly higher investment was largely attributable to increased public expenditure on reclamation and reconstruction work and social projects.


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