Nicaragua
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2001-2002 , pp 205-212
- Publication Date: October 2002
- DOI: https://doi.org/10.18356/6af56051-en
- Language: English
The slowdown in economic activity that had been discernible in Panama since 1998 deepened in 2001, with growth receding to 0.3%, compared with 2.7% in 2000. Consequently, per capita GDP declined (-1.3%) for the first time since 1989. Economic performance was much lower than projected by the authorities at the beginning of the year (3.5%-4%) owing to a contraction in domestic demand (-5.4%), compounded by a very sharp decline in external demand in the last quarter of the year. Together, these factors contributed to an increase in the rate of unemployment.
© United Nations
ISBN (PDF):
9789211558388
Book DOI:
https://doi.org/10.18356/95124249-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Nicaragua
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