Economic Survey of Latin America and the Caribbean 2000-2001

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This survey presents an overview of the regional economy and the economic performance in 2000 and the first half of 2001. It also offers individual country reports on the performance of the 20 countries of Latin America for the same period. 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.




After having been in a recession in 1999, the Chilean economy grew by 5.4% in 2000, with a strong upturn in the first semester and a more modest gain in the second. The highest growth rates were recorded in the primary and basic services sectors, while manufacturing and commerce expanded at a similar rate to overall GDP. The construction sector, which is an important employer, remained very depressed throughout the year. These results, in combination with reduced inflows of foreign capital and the completion of major projects, translated into a hesitant upturn in gross fixed capital formation (4.3%). The terms of trade remained stable, but fluctuations in export prices did make themselves felt. Steadily rising oil prices eroded annual household income by US$800 million, causing private spending to remain sluggish.


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