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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.

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El Salvador

Economic growth in El Salvador remained sluggish in 2002. Gross domestic product (GDP) increased by 2.2%, which, while it represented a slight upturn with respect to the 1.9% growth recorded in 2001, resulted in the virtual stagnation of per capita GDP, for the third straight year, at just under US$ 2,000. Family remittances edged slowly upward and continued to play an important role in bolstering private consumption and the external accounts. The almost complete dollarization of the money supply helped to keep interest rates and inflation low.

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