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Key Indicators. (Trends).


KEY INDICATORS

LATIN TRADE INDEX (*)

                                                  % CHANGE
                                            NOVEMBER 00/01

Total Trade  November 01  US$ 48.9 billion          -12.3%
Exports      November 01  US$ 24.1 billion          -12.6%
Imports      November 01  US$ 24.8 billion          -12.1%

(*)Combined import and export data from Argentina, Brazil, Chile,
Colombia, Ecuador, Mexico, Peru and Venezuela.
ARGENTINA


Inflation (annual rate)       Nov 00/Nov 01   -1.6%
Interest Rate                 November 01     31.9%
Reserves (US$ millions)       November 01    14,724
Dollar Value (Peso)           January 18       1.88

BOLIVIA


Inflation (annual rate)       Nov 00/Nov 01    1.1%
Interest Rate                 November 01      8.7%
Reserves (US$ millions)       November 01       801
Dollar Value (Boliviano (o))  January 18       6.87

BRAZIL


Inflation (annual rate)       Nov 00/Nov 01    7.6%
Interest Rate                 November 01     18.8%
Reserves (US$ millions)       November 01    37,107
Dollar Value Value (Real)     January 18       2.34

CHILE


Inflation (annual rate)       Nov 00/Nov 01    3.1%
Interest Rate                 November 01      6.3%
Reserves (US$ millions)       November 01    14,188
Dollar Value (Peso (o))       January 18     548.03

COLOMBIA


Inflation (annual rate)       Nov 00/Nov 01    8.8%
Interest Rate                 November 01     11.5%
Reserves (US$ millions)       November 01     9,953
Dollar Value (Peso (o))       January 18      2,266

COSTA RICA


Inflation (annual rate)       Nov 00/Nov 0l     11%
Interest Rate                 November 01     11.6%
Reserves (US$ millions)       November 01     1,296
Dollar Value (Colon)          January 18     343.50

DOMINICAN REPUBLIC


Inflation (annual rate)       Nov 00/Nov 01    5.3%
Interest Rate                 November 01     11.5%
Reserves (US$ millions)       November 01     1,014
Dollar Value (Peso (d))       January 18      16.50

ECUADOR


Inflation (annual rate)       Nov 00/Nov 01   24.6%
Interest Rate                 November 01      6.4%
Reserves (US$ millions)       November 01       883
Dollar Value (US$)            January 18       1.00

EL SALVADOR


Inflation (annual rate)       Nov 00/Nov 01      3%
Interest Rate                 November 01        4%
Reserves (US$ millions)       November 01     1,804
Dollar Value (Colon (d))      January 18       8.75

GUATEMALA


Inflation (annual rate)       Nov 00/Nov 01    9.7%
Interest Rate                 November 01      7.8%
Reserves (US$ millions)       November 01     2,396
Dollar Value (Quetzal)        January 18       8.06

MEXICO


Inflation (annual rate)       Nov 00/Nov 01    5.4%
Interest Rate                 November 01        3%
Reserves (US$ millions)       November 01    43,858
Dollar Value (pesos)          January 18       9.14

PANAMA


Inflation (annual rate)       Oct 00/Oct 01    0.7%
Interest Rate                 October 01       6.3%
Reserves (US$ millions)       November 01       953
Dollar Value(Balboa)          January 18       1.00

PARAGUAY


Inflation (annual rate)       Nov 00/Nov 01    6.4%
Interest Rate                 November 01     16.3%
Reserves (US$ millions)       November 01       671
Dollar Value (Guarani (d)     January 18      4,820

PERU


Inflation (annual rate)       Nov 00/Nov 01    0.1%
Interest Rate                 November 01        7%
Reserves (US$ millions)       November 01     8,804
Dollar Value (Sol (d))        January l8       3.44

URUGUAY


Inflation (annual rate)       Nov 00/Nov 01    3.5%
Interest Rate                 November 01     16.5%
Reserves (US$ millions)       November 01     3,601
Dollar Value (Peso (m))       January 18      14.13

VENEZUELA


Inflation (annual rate)       Nov 00/Nov 01   12.7%
Interest Rate                 November 01     17.8%
Reserves (US$ millions)       November 01     9,382
Dollar Value (Bolivar (d))    January 18     755.75

INTEREST RATE: Bank deposit rate. Data measured by the average, in the
indicated period, in percent per annum.

RESERVES DEFINITION: Excludes gold.

DOLLAR VALUE: Interbank sale and purchase average rate or (c)
Commmercial, (d) Free Market, (m) Market, (o) Official

DATA: IMF; Individual countries; Bank of America Global Tading, London;
LATIN TRADE


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Publication:Latin Trade
Date:Apr 1, 2002
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