By United Nations
This is often the fifty fifth variation within the sequence which gives an overview of the economies of the Latin the US and the Caribbean quarter in the course of 2002 and the 1st half 2003. It comprises: an outline of the neighborhood economic climate as an entire, when it comes to macroeconomic regulations and reforms, inner fiscal functionality and the exterior fiscal region; and short analyses of the industrial functionality of 20 nations together with tables and knowledge for the most fiscal signs. The accompanying CD-ROM comprises the entire textual content and pix, in addition to a statistical appendix together with over four hundred information tables.
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Extra info for Economic Survey of Latin America and the Caribbean 2002-2003
Example text
Equivalent to the net inflow of capltal other than FDI, less net interest payments. Proiections. 6 LATIN AMERICA AND THE CARIBBEAN: NET RESOURCETRANSFER BY SUBREGION (Percentages of GDP at current prices) r I Central Amerlca and the Caribbean --- 51 Mexico I 51 MERCOSUR 3- Andean Community and Chile 31 I Source: ECLAC, on the basis of official figures. 4. 7). As the world economy slowed in 2001, the aggregate index of commodity prices fell sharply, pulled down mainly by the price of oil. 5% in 2002.
Profit remittancesgradually increase and financial transfersternain negative (as is now happening for the eighth year in a row). 6). Mexico, meanwhile, has recorded positive transfers since overcoming its 1995 financial crisis. In contrast, in MERCOSUR, the Andean Community and Chile, transfers have been declining overtly negative since 1996-1997. The balance-ofpayments crisis that afTected several o f these countries in 2002 caused substantially larger outflows of financial capital than in the previous year, which was reflected in a negative resource transfer abroad equivalent to about 6% of GDP.
9 LATlN AMERICA AND THE CAR1BBEAN:TERMS OFTRADE AND PURCHASING POWER OF EXPORTS OF NQN-OIL COUNTRIESa (Index 1997=100) 140 120 100 80 60 Source: EC'LbC, on the basis of fngures from the International Monetarj Fund (IMF) and national sources. a The purchasing power of exports is the ratio between the indices of merchandise export value and merchandise import prices. Projections. Economic Survey of Latin America and the Caribbean 2002-2003 the international economy has been based on selling larger quantities of goods at generally lower prices.