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 government reduced its fiscal imbalance (from -6% of GDP in 2001 to -5% in 2002) through improved revenue performance (21% and 25% of GDP in 2001 and 2002) and by restraining the growth of current and capital expenditure (0.3% and 0.7% for 2001 and 2002, respectively). The deficit was financed from external sources. As a result, the external debt increased from 43% to 54% of GDP.


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