Economic Survey of Latin America and the Caribbean 2002-2003

image of Economic Survey of Latin America and the Caribbean 2002-2003

The present edition of the Survey consists of three parts. The first part covers the main aspects of the regional economy from a sectorial and thematic perspective. The second part contains information of the analysis of the economic performance of the 19 countries of Latin America and the Spanish-speaking Caribbean and Haiti. The third part is dedicated to the remaining countries of the Caribbean, mainly English-speaking countries. Finally, the Survey offers two statistical appendixes, one of them contained in a CD-ROM distributed with the printed version.




In 2002 the performance of the Honduran economy was hampered for the second year in a row by the slow growth of the world economy, whose effects were compounded by a number of domestic factors that conspired against an economic recovery. The result was a meagre growth rate of 2.4%, which was similar to the previous year’s rate. Inflation continued to trend downward to reach 8.1%, while the rate of unemployment and the real exchange rate varied little. The central government and balance-of-payments current-account deficits were lower than in 2001, at 5.5% and 3.7% of GDP, respectively.


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