Latin America and the Caribbean.
Latin America and the Caribbean
GDP
% change on year ago
LT Consensus Forecast *
latest 2003 2004F 2005F
Argentina 11.3 Q4 '03 8.3 6.8 3.3
Brazil -0.1 Q4 '03 -0.2 3.7 3.5
Chile 3.3 Q4 '03 3.3 4.9 4.9
Colombia 4.2 Q4 '03 3.5 3.8 3.5
Ecuador 4.0 Q4 '03 2.4 3.9 3.5
Mexico 3.7 Q1 '04 1.3 3.2 3.4
Peru 2.8 Q4 '03 4.0 3.8 3.0
Venezuela 9.0 Q4 '03 -9.2 8.2 3.6
Industrial production Unemployment%
% change on year ago % rate
latest latest
Argentina 14.1 Feb '04 14.5 Q4 '03
Brazil 1.8 Feb '04 12.0 Feb '04+
Chile 8.0 Feb '04 8.1 Q1 '04
Colombia 6.1 Feb '04 15.4 Feb '04
Ecuador 7.9 Feb '04 10.3 Feb '04
Mexico 2.2 Feb '04 3.9 Feb '04+
Peru 4.1 Feb '04 10.6 Feb '04
Venezuela -- -- 14.1 Dec '03
Producer prices Consumer prices
% change on year ago
LT Consensus Forecast *
latest 2003 2004F 2005F
Argentina 2.2 Feb '04 3.7 7.2 8.0
Brazil 4.5 Feb '04 9.3 6.2 5.2
Chile -6.7 Feb '04 1.1 1.8 2.8
Colombia 5.0 Feb '04 6.5 5.8 5.4
Ecuador -2.5 Feb '04 6.1 5.2 3.5
Mexico 6.5 Feb '04 4.0 4.0 3.7
Peru 3.6 Feb '04 2.5 2.6 2.5
Venezuela 25.4 Feb '04 27.1 35.1 23.5
Exchange rates Current account
end of period per US$ as % of GDP
LT Consensus Forecast * LT Consensus Forecast *
2003 2004F 2005F 2003 2004F 2005F
Argentina 2.91 2.89 3.02 6.7 4.9 2.9
Brazil 2.89 3.07 3.25 0.8 -0.4 -1.3
Chile 601 603 618 -0.7 0.6 -0.7
Colombia 2,779 2,888 3,079 -2.4 -2.4 -2.3
Ecuador 1.00 1.00 1.00 -1.8 -0.1 -1.8
Mexico 11.22 11.33 11.74 -1.5 -2.0 -2.5
Peru 3.46 3.52 3.58 -1.8 -1.5 -1.6
Venezuela 1,598 2,360 2,814 11.8 7.1 5.1
International reserves
US$ billions
LT Consensus Forecast *
2003 2004F 2005F
Argentina 13.7 17.7 19.4
Brazil 49.3 51.8 51.9
Chile 15.9 16.4 16.7
Colombia 10.7 11.3 11.5
Ecuador 1.2 1.9 1.9
Mexico 56.5 59.2 60.2
Peru 10.1 10.6 10.8
Venezuela 21.0 21.0 20.4
* LATIN TRADE Consensus Forecast includes Banamex, BBVA, Goldman Sachs,
Merill Lynch, Morgan Stanley, Santander Central Hispano Investment, UBS
Warburg, LATIN TRADE
+ open unemployment (economically active, seeking work)
Consumer prices Interest rates
% change on year ago % per year
year
latest ago deposit lending
Argentina 2.3 Feb '04 36.1 2.23 9.51 Feb '04
Bolivia 4.6 Feb '04 2.4 9.33 11.75 Feb '04
Brazil 6.7 Feb '04 15.8 14.42 56.10 Feb '04
Chile 0.0 Feb '04 3.8 1.69 5.03 Feb '04
Colombia 6.3 Feb '04 7.3 7.85 15.39 Feb '04
Costa Rica 11.5 Feb '04 9.6 9.50 23.25 Feb '04
Dominican Rep. 61.4 Feb '04 18.0 19.16 30.80 Feb '04
Ecuador 3.8 Feb '04 9.8 5.10 12.29 Feb '04
El Salvador 2.6 Feb '04 2.7 3.36 6.61 Feb '04
Guatemala 6.0 Feb '04 5.8 4.14 13.93 Feb '04
Honduras 6.7 Feb '04 8.9 11.24 20.24 Jan '04
Jamaica 16.7 Feb '04 5.7 8.43 19.17 Feb '04
Mexico 4.5 Feb '04 5.5 2.28 5.95 Feb '04
Panama 1.7 Dec '03 1.8 2.35 9.33 Jan '04
Paraguay 3.8 Feb '04 20.2 8.47 40.41 Feb '04
Peru 3.4 Feb '04 2.8 2.90 14.90 Jan '04
Trinidad & 3.0 Dec '03 1.3 2.59 9.50 Nov '03
Tobago
Uruguay 9.1 Feb '04 28.0 -- -- --
Venezuela 21.9 Feb '04 39.7 11.96 20.07 Feb '04
Exchange rates
April 26th, 2004
currency per US$ per euro
Argentina Peso 2.83 3.35
Bolivia Boliviano 7.68 9.08
Brazil Real 2.91 3.44
Chile Peso 593.90 702.05
Colombia Peso 2,564 3,031
Costa Rica Colon 420.65 497.25
Dominican Rep. Peso 42.63 50.39
Ecuador Sucre 1.00 29,553
El Salvador Colon 8.75 10.35
Guatemala Quetzal 7.83 9.26
Honduras Lempira 17.52 20.72
Jamaica Dollar 55.00 65.02
Mexico Peso 11.33 13.39
Panama Balboa 1.00 1.18
Paraguay Guarani 5,595 6,613
Peru Sol 3.36 3.97
Trinidad & Dollar 6.15 7.27
Tobago
Uruguay Peso 29.63 35.02
Venezuela Bolivar 1,918 2,267
Exports of goods
US$ millions
trailing
latest 12 months
Argentina 2,386 Feb '04 29,740
Bolivia 146 Feb '04 1,710
Brazil 5,722 Feb '04 74,800
Chile 2,172 Feb '04 21,816
Colombia 875 Feb '04 12,936
Costa Rica 517 Feb '04 6,116
Dominican Rep. 1,243 Q4 '03 5,439
Ecuador 449 Feb '04 6,009
El Salvador 125 Feb '04 3,004
Guatemala 369 Jan '04 4,464
Honduras 113 Jan '04 1,293
Jamaica 308 Q3 '03 1,088
Mexico 14,024 Feb '04 166,213
Panama 1,498 Q4 '03 5,051
Paraguay 360 Q3 '03 1,423
Peru 868 Feb '04 9,277
Trinidad & Tobago 974 Q2 '03 4,318
Uruguay 178 Feb '04 2,292
Venezuela 555 Jan '04 5,591
Imports of goods
US$ millions
trailing
latest 12 months
Argentina 1,349 Feb '04 15,186
Bolivia 139 Jan '04 1,629
Brazil 3,927 Feb '04 48,863
Chile 1,546 Feb '04 19,582
Colombia 1,091 Feb '04 13,949
Costa Rica 655 Feb '04 7,632
Dominican Rep. 1,879 Q4 '03 7,883
Ecuador 507 Feb '04 6,513
El Salvador 367 Feb '04 5,707
Guatemala 734 Jan '04 8,159
Honduras 281 Jan '04 3,274
Jamaica 869 Q3 '03 3,299
Mexico 14,076 Feb '04 172,294
Panama 1,608 Q4 '03 6,143
Paraguay 574 Q3 '03 2,048
Peru 657 Feb '04 8,262
Trinidad & Tobago 885 Q2 '03 3,661
Uruguay 216 Feb '04 2,291
Venezuela 989 Dec '03 8,337
International reserves ([dagger])
US$ millions
latest year ago
Argentina 14,671 Feb '04 10,293
Bolivia 623 Feb '04 450
Brazil 52,783 Feb '04 38,375
Chile 16,059 Feb '04 16,439
Colombia 11,163 Feb '04 10,881
Costa Rica 1,741 Feb '04 1,750
Dominican Rep. 342 Feb '04 598
Ecuador 872 Feb '04 619
El Salvador 1,906 Feb '04 1,700
Guatemala 2,802 Feb '04 2,362
Honduras 1,429 Feb '04 1,451
Jamaica 1,506 Feb '04 1,302
Mexico 63,063 Feb '04 51,954
Panama 1,069 Feb '04 1,511
Paraguay 934 Feb '04 637
Peru 10,088 Feb '04 9,991
Trinidad & Tobago 2,451 Dec '03 2,028
Uruguay 2,230 Feb '04 535
Venezuela 17,184 Feb '04 8,423
([dagger]) Excluding gold, IMF definition
SOURCE: IMF, individual countries, Oanda, LATIN TRADE
COPYRIGHT 2004 Freedom Magazines, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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