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.




The central government reduced its fiscal deficit in relation to the previous year (-9.2% of GDP in 2001 and -7.5% in 2002) as current fiscal revenues (37% and 38% of GDP in 2001 and 2002, respectively) increased and current expenditures stagnated (41% and 42% of GDP in 2001 and 2002). Capital expenditures and revenues did not experience any substantial changes. The deficit was financed by external borrowing and net domestic credit (44% and 56% of the total).


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