Economic Survey of Latin America and the Caribbean 2000-2001

image of Economic Survey of Latin America and the Caribbean 2000-2001

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.



Costa Rica

The Costa Rican economy suffered a serious external blow that significantly reduced its growth rate. In the second quarter of 1999, economic activity began to flag after two years of growth exceeding 8% a year. This trend became accentuated in 2000, when gross domestic product (GDP) increased by a mere 1.7%. Open unemployment fell, but per capita income contracted slightly. The authorities continued with their policy of mini-devaluations of the exchange rate with a view to preserving external competitiveness, while inflation remained at a level similar to the previous year's (10%) and interest rates came down. Although the management of the public debt improved, public finances weakened.


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