By United Nations
This can be the fifty fifth variation within the sequence which gives an evaluate of the economies of the Latin the US and the Caribbean zone in the course of 2002 and the 1st half 2003. It contains: an outline of the nearby economic system as a complete, by way of macroeconomic guidelines and reforms, inner financial functionality and the exterior fiscal area; and short analyses of the industrial functionality of 20 nations together with tables and information for the most monetary symptoms. The accompanying CD-ROM comprises the total textual content and photos, in addition to a statistical appendix together with over four hundred facts tables.
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Additional resources for Economic Survey of Latin America and the Caribbean 2002-2003
1 2 According to the World Trade Q g a n i 7 ~ t i o n(WTO). 5% during the 19912000 decade, while worldwide merchandise exports expanded at 6 7% per year. a h i t with wider fluctuations than in the case of GDP. R. Klein and S. Ozmucur, Weekly updatr on the US economy andJnancial markets. 4 Auguqt 2003. 2 GROSS DOMESTIC PRODUCT OF THE UNITED STATES, JAPAN AND THE EUROPEAN UNION (Annual rates of varrarion ar conslant pnces) “I n -United Status +European Union +-Japan Source: ECLAC, on the basis of figures from the Bureau of Economic Analysis of the United States Department of Commerce, the Economic Study of Europe of the United Nations Economic Commission for Europe (ECE), the Statistical OffFce of the European Communities (EWROSTAT), and the Department of Statistics of the Ministry of Public Administration, Internal Affairs, Post and Telecommunications of Japan.
2DO3 May I 7 6 I 5- -Exports ---b Exports excluding oil 2000 2001 2002 2003Apr .. Source: ECLAC, on the basis of official monthly figures. a Estimates: Honduras - December 2002 to April 2003; Bolivia, Dominican Republic, Guatemala and Nicaragua - ApriP 2003. Figures for Guatemala, Honduras and Nicaragua do not include rnaquila activities. ti Argentina, Colombra, Ecuador, Mexico and Venezuela. second half of 2002 and in 2003, thanks largely to a vigorous expansion of exports from MERCOSUR, and non-oil exports from the Andean Community 17 (excluding Venezuela) and Chile.
In Colombia, inflation will approximate its 2002 rate (7%). 5%. Since Ecuador has a dollwked economy, its inflation rate is especially relevant to its external competitiveness. Although it is finally achieving inflation rates that are consistent with international standards, its annual rate will exceed 6%as a result of the inflation accumulated in t h e first quarter and will not reverse the real appreciation which its currency has accumulated since dollarization was introduced. Central America will keep its inflation at a rate similstr to that of 2002.