Southern Exposure

Desde as Entranhas dos Labirintos Latinos.

Wednesday, December 17, 2003

Latin America in 2003 in half a dozen economic factoids

This year's defining economic factoids, courtesy of the United Nations Economic Comission for Latin America, via the often perceptive Financial Times:

  • LatAm is exporting... $41 bn trade surplus (its first in 50 years!)

  • ... -thanks in part to high commodity prices- ... Overall commodity prices rose 15.9 per cent

  • ... and it's actually fiscally conservative! Most countries are running primary fiscal surpluses.

  • Nonetheless, income per capita is low...: Below 1997 levels

  • ...and it shows... More than 10 per cent overall unemployment rate.

  • ...pretty bad. Almost 45 per cent of Latin Americans live below the poverty line.


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