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.



General trends

In 2002 the OECS economies registered negative growth (-0.3%) as key productive sectors stagnated. The tourism sector languished, reflecting significant structural weaknesses. The manufacturing sector remained uncompetitive by international standards and construction suffered from a reduction in the rate of implementation of investment projects. Agriculture proved to be the exception to this trend, but its development potential remains constrained by internal difficulties and by the effects that the gradual withdrawal of preferential market access will have on the industry.


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