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Economic Survey of Latin America and the Caribbean 2000-2001

image of Economic Survey of Latin America and the Caribbean 2000-2001

This survey presents an overview of the regional economy and the economic performance in 2000 and the first half of 2001. It also offers individual country reports on the performance of the 20 countries of Latin America for the same period. In addition, the Economic Survey of Latin America and the Caribbean analyzes the economic situation in the countries of the English-speaking Caribbean. This year's edition includes a CD-ROM that contains the statistical appendix.

English

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El Salvador

For the third consecutive year, economic growth slowed in El Salvador. With real gross domestic product (GDP) increasing by a mere 2%, per capita GDP remained practically flat. The expansion of domestic demand was limited, but income from abroad, in contrast, increased substantially as both family remittances -equivalent to 13% of GDP- and exports of goods rose. Imports, however, also climbed strongly, and at the same time there was a substantial deterioration in the terms of trade, widening the current-account deficit to 3% of GDP. Increased public spending also expanded the fiscal gap. Year-on-year inflation rose by 4.3% after being negative in 1999, while the open unemployment rate dipped slightly and real wages fell.

English

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