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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.

English

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Guatemala

Guatemala’s economic performance showed marked contrasts in 2002. Significant macroeconomic imbalances were corrected as inflation went down and the fiscal deficit narrowed, but GDP growth, at 2.2%, slowed down for the fourth year running, while the trade deficit widened to 12% of GDP. The current-account deficit contracted thanks to the extraordinary flow of remittances. In addition, the influx of short-term capital and loan disbursements increased international reserves.

English

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