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.




For the third consecutive year, the Nicaraguan economy experienced a slowdown. In 2002, GDP increased by a mere 0.7%, which represented a decrease of more than two percentage points with respect to the previous year. This translated into a further reduction of the country’s already very low per capita GDP (-1.9%) and an increase in open urban unemployment from 11% to 12%.


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