EL FINANCIAMIENTO DEL DESARROLLO Y LA NUEVA ARQUITECTURA FINANCIERA INTERNACIONAL

ANDRAS UTHOFF

COORDINADOR

UNIDAD DE ESTUDIOS ESPECIALES

CEPAL, SANTIAGO

CONTENIDO

PARTE I:CRECIMIENTO INSUFICIENTE E INESTABLEPARTE II:FINANCIAMENTO DEL DESARROLLO NUEVAS TENDENCIAS Y DESAFOSPARTE III:LIBERALIZACION O DESARROLLO FINANCIERO?: LAS BASES PARA LA NUEVA ARQUITECTURA FINANCIERA INTERNACIONAL

PARTE I:
CRECIMIENTO INSUFICIENTE E INESTABLE

DBILES REGISTROS DE INVERSIN Y DEL AHORRO NACIONAL;NO SE HAN RECUPERADO LAS TASAS DE CRECIMIENTO DE ANTES DE LA CRISIS;AUMENTAN LOS PROBLEMAS DE EMPLEO Y LA INSEGURIDAD ECONMICA AFECTA LA COHESIN SOCIAL

El crecimiento en la regin ha sido inestable:

ciclos de financiamiento externo de gran magnitud, caracterizados por volatilidad y contagio;comportamientos de agentes nacionales y la poltica macroeconmica interna que han acentuado los efectos locales de las crisis externas;las crisis nacionales tienden a gestarse en perodos de entradas excesivas de capitales que minan gradualmente los fundamentos macroeconmicos.

1.1 LAS TASAS DE INVERSIN PERMANECEN BAJAS

Chart71970.01971.01972.01973.01974.01975.01976.01977.01978.01979.01980.01981.01982.01983.01984.01985.01986.01987.01988.01989.01990.01991.01992.01993.01994.01995.01996.01997.01998.01999.0NOTA: Elaboracin CEPAL sobre la base de datos ponderadosFBKF/PIBPorcentajes del PIB a precios de 1995AMRICA LATINA Y EL CARIBE: FORMACIN BRUTA DE CAPITAL FIJO0.20.20.20.20.30.30.30.30.30.30.30.30.20.20.20.20.20.20.20.20.20.20.20.20.20.20.20.20.20.2INVFIJACuadro 16Formacin interna bruta de capital fijo(Cifras expresadas en millones de dlares constantes)A precios constantes de 1970A precios constantes de 1970A precios constantes de 1980A precios constantes de 1980A precios constantes de 1995Pas195019511952195319541955195619571958195919601961196219631964196519661967196819691970197019711972197319741975197619771978197919801981198219831984198519861987198819891990199019911992199319941995199619971998Argentina2 144.92 640.82 349.52 322.22 229.92 586.82 752.73 018.33 289.82 602.83 934.44 239.44 176.73 539.13 927.24 101.64 235.04 446.04 998.35 997.36 309.120 936.322 628.122 885.721 231.022 084.822 123.124 432.429 537.225 756.427 503.428 972.524 689.319 794.019 865.219 349.716 583.218 478.220 934.420 198.915 766.914 200.321 853.728 381.237 515.143 198.249 048.242 682.746 435.354 581.558 317.3Bolivia73.5106.3111.662.984.2138.2127.7117.392.795.997.881.7129.7140.2138.1149.1132.8151.3224.6197.8198.4453.8499.7562.0549.6597.2716.5747.5795.3882.9821.3623.9608.7432.8369.1408.7491.8518.3543.4557.1532.4552.2725.8868.7973.8998.2914.11 043.11 165.41 523.71 927.8Brasil3 645.94 466.54 800.04 054.24 409.44 156.34 477.45 077.65 378.46 075.26 350.16 646.86 849.56 657.76 821.06 646.87 501.47 845.79 287.010 528.111 290.221 086.324 321.428 386.934 346.238 899.842 687.245 685.845 152.347 295.749 132.755 752.248 979.545 649.838 196.038 120.441 450.050 833.550 133.547 655.248 222.742 925.6149 010.3129 932.6112 936.2114 233.1129 172.1136 704.2135 760.3148 539.0145 453.7Chile617.5702.9735.4742.1719.6833.3793.7908.0893.4770.8910.7922.41 035.61 188.51 120.81 053.11 086.91 110.21 215.21 276.51 358.93 597.83 514.32 808.22 639.03 143.42 467.72 107.92 517.82 950.03 387.74 293.25 086.73 012.82 514.93 171.73 559.03 645.14 436.55 064.46 271.46 385.08 599.28 508.710 424.912 330.012 925.215 564.517 048.318 925.319 316.6Colombia898.4892.2961.21 300.31 520.11 606.61 518.11 138.21 082.21 162.91 369.71 486.11 491.71 372.41 544.21 458.31 575.21 679.91 931.21 979.42 239.63 293.03 453.03 385.03 679.43 998.83 845.64 211.44 241.14 637.54 814.15 448.25 789.85 961.16 031.56 106.55 787.76 229.96 280.86 963.66 598.96 378.38 933.28 531.09 509.712 184.515 104.615 916.414 865.919 317.018 119.4Costa Rica50.055.773.580.276.086.494.9107.093.3118.9113.8112.0139.7149.7135.6180.1170.3187.5190.3208.1249.5376.6436.5458.8497.7546.2539.4667.3750.2811.2935.2847.1636.1459.2497.2627.2660.9740.4816.3786.5907.61 039.21 469.61 288.71 554.01 904.41 763.91 723.61 617.41 889.22 322.7Ecuador114.2151.9139.3168.4224.5242.6250.0246.9238.4272.3286.1293.9275.4289.4305.4302.8309.2359.4371.5400.6417.31 054.01 334.61 094.91 238.51 567.91 933.81 961.82 265.62 566.62 558.62 715.52 518.82 536.31 873.21 788.41 911.31 993.62 080.81 977.11 960.51 860.32 672.62 937.93 089.23 111.93 223.03 328.83 387.33 522.43 745.8El Salvador57.668.372.375.674.176.4107.0118.499.497.6136.2108.8121.1139.2171.9187.6209.0202.3153.7158.1181.2320.5359.8475.6432.0489.0616.4641.9818.3831.5683.9475.5414.1369.6344.6349.4380.0406.7443.0460.7502.0488.6898.91 037.81 210.01 395.81 568.61 777.01 579.81 691.61 785.1Guatemala114.7112.396.995.094.2127.0200.2216.7191.6176.4151.5159.5152.7181.6221.7234.2233.1259.1294.3299.0294.6721.4782.7778.2867.0850.9931.41 278.31 396.71 499.71 422.91 282.51 381.91 231.2888.7808.5757.9786.8916.31 031.91 097.6985.11 377.81 432.01 857.72 012.61 965.12 127.32 065.32 498.82 777.7Hait a/29.033.737.736.831.936.034.123.828.926.528.524.532.534.032.032.026.526.227.032.039.677.879.693.8115.8142.9150.8171.8186.5195.4233.4236.7238.5222.3234.2245.1273.2250.1252.7242.0228.3213.1394.5380.4227.8210.9195.9369.9364.0358.5384.9Honduras46.555.865.873.758.065.865.870.865.863.066.659.481.695.294.599.5113.8148.8155.3156.7153.1315.5289.5271.3335.7380.5414.4424.1497.6606.3590.6616.7480.1422.2429.3487.9472.3384.4409.8497.0598.5570.5642.7644.8817.81 110.71 108.6949.8980.31 122.41 344.3Mxico2 021.02 562.62 657.02 561.42 658.42 998.63 480.63 433.03 549.73 597.34 133.94 168.14 393.44 898.95 896.36 329.56 890.47 834.68 586.69 220.09 984.319 566.319 231.221 584.624 767.326 724.429 200.629 331.627 362.331 514.137 895.343 556.050 624.842 124.030 211.232 152.934 677.730 586.330 548.832 314.734 380.138 892.863 847.671 368.579 490.776 970.083 528.858 668.168 651.883 973.691 148.9Nicaragua21.730.541.646.557.357.152.852.650.754.550.255.172.078.9108.2126.0140.2141.5118.7138.3140.0296.0305.9281.9375.5470.2442.9463.8615.2341.0119.6301.7483.0390.0408.3417.3422.0396.3400.3352.2352.1288.3331.2308.4356.2337.4401.4451.5558.5604.8642.7Panam56.147.248.655.657.566.282.380.184.8104.895.4121.3129.7148.8132.0150.8209.9221.6250.1285.0344.6603.1693.1859.1860.7770.2831.3847.8563.2698.2690.6841.2981.2990.4766.8714.3763.1837.0838.9381.6309.9409.2471.2899.01 278.11 808.91 908.82 057.91 996.92 098.72 423.8Paraguay18.720.417.620.822.826.427.028.547.639.051.564.253.950.960.387.2103.0114.8116.0126.2127.4216.6236.4266.8354.7403.3382.8526.8626.2760.9909.71 107.91 307.31 066.7875.6883.2886.2913.7970.91 006.91 114.31 227.11 659.51 758.61 654.11 715.61 792.51 927.41 928.81 901.01 812.6Per457.1602.7695.9753.5598.2689.2879.6941.7825.1647.8697.6883.11 014.5972.7951.41 137.21 278.81 180.41 004.71 036.61 158.92 389.32 696.72 798.13 827.34 846.65 020.84 321.03 963.73 611.43 965.44 833.45 612.15 490.53 836.13 601.03 194.33 780.24 483.83 859.63 095.13 158.77 577.57 747.57 988.28 973.711 781.714 034.713 457.915 792.115 698.0Repblica Dominicana66.175.1136.0115.7107.6139.0151.8160.7169.9126.787.168.2118.2161.6206.0108.3170.2184.4199.7224.3282.6543.4727.9864.71 025.61 125.71 263.41 163.01 277.11 270.21 444.11 537.41 407.21 097.61 236.41 344.21 334.31 572.71 811.61 793.32 048.11 721.21 903.31 695.42 112.02 522.32 531.82 640.62 892.33 444.04 398.8Uruguay368.9407.8412.1343.0454.4393.6363.5372.9270.2283.9312.4345.7352.8292.2257.3245.0241.0271.8252.4322.4344.7639.0631.4535.2453.0501.6704.0903.5968.41 107.91 318.31 401.91 359.81 157.6777.9599.6480.4542.0690.2720.7717.0638.61 202.51 470.11 722.82 022.52 055.71 913.12 085.12 233.32 496.7Venezuela1 352.31 439.31 813.41 991.32 276.82 143.02 322.82 467.32 437.42 502.61 926.21 624.71 698.71 742.92 111.12 271.32 320.82 400.42 755.32 966.12 913.48 785.99 856.411 332.112 396.112 089.615 189.419 514.625 165.326 167.620 922.817 886.418 423.217 735.513 063.710 599.411 293.412 293.312 357.613 453.410 022.89 421.78 463.011 572.314 989.314 069.811 432.711 692.310 801.113 175.912 398.7Amrica Latina12154.114472.215265.314899.315755.016468.617782.018580.018889.418818.920799.721464.922319.422134.024234.924900.326947.428765.832131.735552.638027.585272.792078.399723.0109992.1119633.1129461.4139402.3148700.2153504.5159349.5172729.9171022.1150143.7122420.1121775.4125378.8135188.7139349.4139316.6134726.4131355.9282034.2280763.7289707.7301110.6332423.0315572.9327641.6377193.0386515.5a/ A partir del ao 1990, de la seria a precios constantes de 1995, se refiere a Formacin bruta de capital.197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999FBCF EMPALMADO (1995 BASE)169320.6182834.2198013.8218404.5237548.0257063.6276802.6295264.7304804.4316410.6342979.2339588.0298131.0243082.0241801.9248956.9268435.8276697.5276632.5267518.0259109.7269759.7290272.4308519.5339335.2321376.5337564.1382986.6396056.0373422.8PIB EMPALMADO (1995 BASE)733089775574824784890482944192968241102313810753561118885119113812598081262395124849012213861261856129486913478321392346140343114152151406585146073715086181567533165085416690481729428182326018620351868821197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999FBCF/PIB23.123.624.024.525.226.527.127.527.226.627.226.923.919.919.219.219.919.919.718.918.418.519.219.720.619.319.521.021.320.023.1%23.6%24.0%24.5%25.2%26.5%27.1%27.5%27.2%26.6%27.2%26.9%23.9%19.9%19.2%19.2%19.9%19.9%19.7%18.9%18.4%18.5%19.2%19.7%20.6%19.3%19.5%21.0%21.3%20.0%197023.123.1%197123.623.6%197224.024.0%197324.524.5%197425.225.2%197526.526.5%197627.127.1%197727.527.5%197827.227.2%197926.626.6%198027.227.2%198126.926.9%198223.923.9%198319.919.9%198419.219.2%198519.219.2%198619.919.9%198719.919.9%198819.719.7%198918.918.9%199018.418.4%199118.518.5%199219.219.2%199319.719.7%199420.620.6%199519.319.3%199619.519.5%199721.021.0%199821.321.3%199920.020.0%INVFIJA0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0NOTA: Elaboracin CEPAL sobre la base de datos ponderadosFBKF/PIBPorcentajes del PIB a precios de 1995AMRICA LATINA Y EL CARIBE: FORMACIN BRUTA DE CAPITAL FIJO0.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.00.0

1.2Y EL AHORRO NACIONAL NO AUMENTA

Chart319800.035137523519810.043974637319820.044652144219830.00844710451984-0.00178396351985-0.002043870319860.019551597219870.009580340519880.007673363419890.004074921419900.000634978219910.016111639419920.02769183519930.033506712819940.032886609619950.022314887119960.021227011119970.034310822919980.045531086919990.0315095459NOTA: Elaboracin CEPAL sobre la base de datos ponderados.INVERSIN TOTALAHORRO NACIONALAHORRO EXTERNOANBAXPorcentajes del PIB nominalAMRICA LATINA Y EL CARIBE: FINANCIAMIENTO DE LA INVERSIN0.21566313960.20277356440.18036553510.17721603390.18837313980.19885848840.17239044120.20569631090.22100965610.22820386470.19520150790.18117161340.17441579730.172644830.18187482830.18939453190.18544922470.18639390120.17425292310.1744085436Indicadores-Promedio Simple198019803.834234599198119811.873503809819821982-2.764215810219831983-2.2589908093198419843.1420777813198519852.4058902068198619863.8251483664198719874.0569516867198819881.8200040273198919891.4344325401199019901.7874915646199119914.8132462688199219925.5252044052199319934.5715470351199419944.6659295484199519953.1769596785199619963.1035240833199719975.1034407459199819982.8285290455199919990.3164554876Ahorro NacionalAhorro ExternoCrecimiento PIBAosPorcentaje del PIBTasa de VariacinAMRICA LATINA: 1980-1999 INDICADORES MACROECONMICOS BSICOSPromedio Simple0.1891586330.0453503760.17041286120.06166410120.15375890020.0547996760.14890802740.02505460780.15121044650.02601718540.15989967840.01861683140.16226249660.02106581730.17652846520.02792548820.19103144820.01374173540.18176453310.01057888260.18825479240.00135446740.1820609140.01536783990.17410956270.03790051520.17988516590.04327854360.18584979720.03772816310.18593247890.03355115290.18782663530.02270340180.19178530350.032733980.17857443350.05081528460.18311301650.0279697049Indicadores-Promedio Ponderado198019806.924272208819811981-0.807732777119821982-2.053366156219831983-2.1913326828198419843.7299389348198519853.2758325708198619864.5540279544198719873.6747850589198819880.532821745198919890.738736206319901990-0.814132055199119914.2547483291199219923.199804265199319934.316395042199419945.7028834625199519951.0778463097199619963.5316580989199719975.2481331332199819981.9341774206199919990Ahorro NacionalAhorro ExternoCrecimiento PIBAosPorcentaje del PIBTasa de VariacinAMRICA LATINA: 1980-1999INDICADORES MACROECONMICOS BSICOSPromedio Ponderado0.21566313960.03513752350.20277356440.04397463730.18036553510.04465214420.17721603390.00844710450.1883731398-0.00178396350.1988584884-0.00204387030.17239044120.01955159720.20569631090.00958034050.22100965610.00767336340.22820386470.00407492140.19520150790.00063497820.18117161340.01611163940.17441579730.0276918350.172644830.03350671280.18187482830.03288660960.18939453190.02231488710.18544922470.02122701110.18639390120.03431082290.17425292310.04553108690.17440854360.0315095459A-I-corrientesAmrica Latina: Indicadores de Ahorro y Formacin de CapitalPases Seleccionados: 1970-1999Porcentaje del PIB------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Argentina197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF21.2%20.9%20.8%18.2%19.2%25.9%26.9%27.2%24.4%22.7%26.3%22.7%21.9%20.9%20.0%17.6%17.5%19.6%18.6%15.5%14.0%14.6%16.7%18.4%20.0%18.0%17.6%19.7%VE-0.0%1.1%0.7%1.0%0.4%0.5%0.2%-0.0%-0.5%-0.1%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%FBC21.2%22.0%21.5%19.2%19.6%26.4%27.1%27.2%23.9%22.6%26.3%22.7%21.9%20.9%20.0%17.6%17.5%19.6%18.6%15.5%14.0%14.6%16.7%18.4%20.0%18.0%17.6%19.7%19.9%19.1%19.419.919.1FBCANB20.5%20.4%20.6%21.1%19.9%23.5%28.8%29.4%26.7%22.1%23.8%19.8%19.6%18.5%18.0%16.5%14.7%15.5%17.3%14.1%17.2%14.3%14.2%15.3%16.3%17.0%16.4%16.6%15.0%14.8%15.315.014.8ANBAE0.7%1.5%1.0%-1.9%-0.2%2.9%-1.8%-2.2%-2.9%0.5%2.5%2.9%2.3%2.4%2.0%1.1%2.8%4.1%1.3%1.4%-3.2%0.3%2.5%3.0%3.7%1.0%1.3%3.1%4.9%4.3%4.14.94.3AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Brasil197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF18.8%19.9%20.3%20.4%21.8%23.3%22.4%21.3%22.3%23.4%23.6%24.3%23.0%19.9%18.9%18.0%20.0%23.2%24.3%26.9%20.7%18.1%18.4%19.3%20.7%20.5%19.1%19.6%19.9%VE1.7%1.4%0.9%1.7%2.5%2.4%0.6%0.7%0.8%-0.2%0.4%0.1%-0.4%-1.6%-1.3%2.4%0.0%.........-0.5%1.7%0.5%1.6%1.4%1.7%1.6%1.7%1.4%FBC20.5%21.3%21.2%22.0%24.3%25.7%23.0%22.0%23.0%23.1%24.0%24.5%22.6%18.4%17.6%20.4%20.0%23.2%24.3%26.9%20.2%19.8%18.9%20.8%22.1%22.3%20.7%21.3%21.3%19.7%22.121.720.1FBCANB19.2%18.6%18.7%20.0%17.9%20.5%19.1%19.8%19.6%18.3%18.6%20.0%16.6%14.8%17.6%20.3%18.0%22.7%25.7%27.1%19.1%18.6%19.9%20.1%21.2%19.5%17.3%16.9%16.3%15.0%18.317.315.9ANBAE1.3%2.7%2.5%2.0%6.5%5.2%3.9%2.3%3.5%4.8%5.4%4.5%6.0%3.6%-0.0%0.1%2.1%0.5%-1.4%-0.2%1.1%1.2%-0.9%0.8%0.9%2.8%3.4%4.4%5.0%4.8%3.84.44.3AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Chile197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF15.0%14.6%13.1%12.8%17.0%17.7%13.3%13.3%14.7%14.9%16.6%18.4%14.0%12.5%14.0%16.8%17.1%19.4%20.3%23.6%23.1%19.9%22.4%24.9%23.3%23.9%24.8%25.2%25.5%VE1.4%-0.1%-0.9%-4.9%4.2%-4.6%-0.5%1.1%3.1%2.9%4.4%3.7%-3.0%-1.3%3.7%0.3%1.7%2.8%2.5%1.6%2.0%2.6%1.4%1.6%0.8%1.9%1.8%1.7%1.1%FBC16.4%14.5%12.2%7.9%21.2%13.1%12.8%14.4%17.8%17.8%21.0%22.0%11.0%11.1%17.7%17.2%18.9%22.2%22.8%25.1%25.1%22.6%23.8%26.5%24.1%25.8%26.6%26.9%26.5%23.8%26.225.923.2FBCANB15.2%12.4%8.3%5.3%20.7%7.9%14.5%10.7%12.6%12.4%13.9%7.6%1.6%5.5%6.9%7.8%11.5%17.3%22.3%23.3%23.2%22.3%21.5%20.9%21.1%23.8%20.8%21.4%20.3%23.3%21.320.223.1ANBAE1.2%2.1%3.9%2.7%0.4%5.2%-1.7%3.7%5.2%5.4%7.1%14.4%9.4%5.6%10.8%9.4%7.3%5.0%0.5%1.8%1.9%0.3%2.3%5.6%3.0%2.0%5.8%5.5%6.2%0.6%5.05.70.1AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Colombia197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF18.0%17.5%16.1%15.8%16.4%15.3%15.9%14.5%15.4%15.4%16.8%17.7%17.5%17.2%17.0%17.5%17.7%17.4%19.5%18.1%16.6%14.6%15.5%18.8%20.5%19.8%17.4%17.1%VE2.2%1.9%2.0%2.5%5.1%1.7%1.7%4.2%2.9%2.7%2.3%3.0%3.0%2.7%2.0%1.5%0.3%2.6%2.5%1.9%1.9%1.4%1.6%2.4%2.8%3.0%1.8%1.6%FBC20.2%19.4%18.1%18.3%21.5%17.0%17.6%18.8%18.3%18.2%19.1%20.6%20.5%19.9%19.0%19.0%18.0%20.0%22.0%20.0%18.5%16.0%17.2%21.2%23.3%22.8%19.3%18.7%18.4%15.3%21.920.116.7FBCANB16.3%13.3%16.2%18.3%18.9%17.1%19.0%21.6%20.4%19.8%19.6%16.9%15.1%14.7%15.5%17.1%22.0%21.0%22.5%20.9%21.4%22.7%19.0%19.5%18.6%16.9%13.8%13.4%12.5%12.9%16.414.815.3ANBAE3.9%6.1%1.9%-0.0%2.6%-0.1%-1.5%-2.9%-2.2%-1.6%-0.5%3.7%5.4%5.2%3.5%2.0%-4.0%-1.0%-0.5%-0.9%-2.8%-6.7%-1.8%1.6%4.7%5.9%5.5%5.4%5.9%2.4%5.55.31.4AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Costa Rica197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF19.5%22.1%21.9%22.2%24.0%22.0%23.4%22.4%23.0%26.2%23.9%24.1%20.3%18.0%20.0%19.3%18.7%19.8%18.9%20.5%22.4%19.7%20.8%23.2%19.8%19.1%17.6%19.4%22.2%VE1.1%2.2%0.1%1.8%2.7%-0.3%0.2%1.9%0.4%-0.9%2.7%5.0%4.4%6.2%2.7%6.6%6.5%7.3%5.5%6.1%4.9%5.3%8.4%6.5%6.6%4.3%7.5%7.8%5.0%FBC20.5%24.3%22.0%24.0%26.7%21.6%23.7%24.3%23.5%25.3%26.6%29.0%24.7%24.2%22.7%25.9%25.2%27.1%24.5%26.6%27.3%25.0%29.2%29.8%26.4%23.4%25.2%27.2%27.2%24.6%19.419.617.7FBCANB12.8%13.1%12.9%15.6%10.1%10.5%15.3%16.9%13.2%11.7%11.8%13.9%12.4%13.5%15.6%18.4%21.4%18.6%18.0%17.7%18.2%22.9%23.1%21.4%23.5%22.3%24.0%24.5%23.3%21.0%16.816.014.4ANBAE7.8%11.2%9.1%8.4%16.7%11.1%8.4%7.3%10.3%13.7%14.8%15.2%12.3%10.6%7.1%7.5%3.8%8.5%6.5%8.9%9.1%2.1%6.0%8.3%3.0%1.1%1.2%2.7%4.0%3.6%2.63.63.2AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Ecuador197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF16.7%21.7%18.0%17.5%18.2%23.1%22.2%23.6%26.2%23.7%23.6%22.3%22.7%16.6%15.4%16.1%18.8%22.7%21.3%20.7%18.4%19.7%19.5%19.9%18.8%18.6%17.8%18.4%21.0%VE1.5%1.4%2.0%2.0%4.3%3.6%1.6%2.9%2.3%1.7%2.5%0.9%2.6%1.0%1.8%2.1%2.1%0.0%0.2%-0.0%-0.9%2.5%1.7%1.2%0.2%0.1%-0.5%0.9%3.7%FBC18.2%23.2%20.0%19.5%22.5%26.7%23.8%26.5%28.4%25.3%26.1%23.2%25.2%17.6%17.2%18.2%20.9%22.7%21.5%20.7%17.5%22.2%21.2%21.1%19.0%18.7%17.3%19.3%24.7%13.0%18.821.311.2FBCANB12.8%12.4%13.4%17.3%22.0%18.4%19.8%21.2%20.3%21.9%21.2%19.3%15.8%14.5%15.0%16.9%13.1%11.0%13.4%12.5%16.2%18.8%21.2%18.6%15.1%14.0%19.0%15.6%13.7%23.8%15.210.318.0ANBAE5.4%10.8%6.6%2.1%0.5%8.3%4.0%5.4%8.1%3.4%4.9%3.9%9.4%3.1%2.3%1.3%7.8%11.7%8.1%8.2%1.3%3.4%0.0%2.5%3.9%4.7%-1.7%3.7%11.0%-10.8%3.611.0-6.7AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------El Salvador197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF12.0%13.3%16.5%15.6%18.2%23.0%20.1%21.2%23.3%17.6%13.6%13.6%12.6%11.6%11.5%12.0%13.1%13.6%12.6%13.3%13.7%15.2%17.2%17.8%18.5%18.7%15.7%15.7%16.3%VE1.3%2.3%-2.3%2.6%4.4%-0.9%-0.5%2.2%2.8%0.5%-0.3%0.7%0.6%0.4%0.5%-1.2%0.1%-1.3%0.2%2.0%0.1%0.3%1.4%0.8%1.2%1.3%-0.9%-1.0%0.3%FBC13.2%15.6%14.2%18.3%22.6%22.1%19.6%23.4%26.1%18.1%13.3%14.2%13.2%12.1%12.0%10.8%13.3%12.4%12.8%15.3%13.9%15.4%18.5%18.6%19.7%20.0%14.8%14.7%16.6%15.3%14.917.315.9FBCANB14.1%14.3%15.2%15.1%14.0%17.0%19.4%24.5%15.9%18.7%14.1%7.9%10.8%9.7%8.8%6.8%16.2%15.4%13.8%12.1%9.6%11.9%15.6%16.8%18.9%17.5%12.8%15.5%15.9%13.6%15.816.614.3ANBAE-0.9%1.3%-1.1%3.1%8.6%5.1%0.3%-1.1%10.2%-0.6%-0.9%6.3%2.5%2.4%3.1%4.0%-3.0%-3.0%-1.0%3.2%4.3%3.5%3.0%1.8%0.8%2.6%2.0%0.7%0.8%1.7%-0.90.71.7AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Guatemala197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF12.5%13.3%13.0%13.9%14.8%15.7%20.6%19.0%20.1%18.6%16.4%16.8%15.0%10.5%9.6%11.0%10.1%12.4%13.4%13.7%13.0%12.2%15.6%16.1%14.2%14.5%13.3%14.8%15.7%VE0.3%1.1%-0.8%-0.2%3.8%0.4%0.8%1.1%1.6%0.1%-0.6%0.3%-0.9%0.6%1.9%0.5%0.3%1.6%0.3%-0.2%0.6%2.1%2.7%1.2%1.5%0.5%-0.6%-1.0%-0.8%FBC12.8%14.4%12.1%13.7%18.6%16.1%21.4%20.0%21.6%18.7%15.9%17.0%14.1%11.1%11.6%11.5%10.3%13.9%13.7%13.5%13.6%14.3%18.3%17.2%15.7%15.1%12.7%13.8%14.9%15.4%12.914.014.5FBCANB12.2%10.8%10.2%12.5%13.7%14.4%13.7%17.6%15.4%14.1%13.6%9.3%9.6%8.6%7.5%7.3%10.1%7.5%8.4%9.1%10.1%12.0%11.5%11.1%10.8%11.6%9.8%10.2%9.5%9.2%9.38.78.4ANBAE0.6%3.6%1.9%1.2%4.8%1.7%7.7%2.4%6.2%4.7%2.2%7.7%4.6%2.5%4.1%4.2%0.3%6.4%5.3%4.5%3.5%2.3%6.8%6.2%4.9%3.5%2.9%3.6%5.4%6.2%3.65.36.0AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Honduras197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF19.4%17.3%15.3%17.8%20.9%21.2%20.4%21.3%24.2%23.0%24.5%19.3%17.4%16.7%18.8%17.0%13.7%13.6%15.4%18.2%20.2%19.0%22.4%28.8%28.1%24.0%23.3%23.8%28.6%VE2.5%-0.2%0.7%1.3%5.3%-2.2%-1.2%1.8%2.4%3.8%0.3%1.8%-3.3%-2.9%-1.4%0.4%0.1%3.8%5.5%0.9%2.8%5.7%3.6%4.8%9.5%7.6%7.1%6.4%1.1%FBC21.9%17.1%15.9%19.1%26.2%19.0%19.2%23.1%26.6%26.8%24.8%21.1%14.1%13.8%17.4%17.3%13.9%17.4%21.0%19.1%23.0%24.7%26.0%33.6%37.6%31.6%30.4%30.2%29.6%31.5%27.428.129.9FBCANB13.0%14.0%14.4%15.2%16.0%8.9%11.5%15.3%18.5%18.3%12.4%10.3%6.4%6.7%7.9%11.3%10.8%13.5%18.2%14.2%21.1%18.9%18.3%24.2%27.4%27.1%25.7%28.1%26.7%26.1%23.527.326.6ANBAE8.8%3.1%1.6%3.9%10.2%10.0%7.8%7.7%8.1%8.5%12.3%10.7%7.7%7.1%9.5%6.0%3.1%3.9%2.8%4.9%1.8%5.7%7.6%9.4%10.2%4.5%4.7%2.2%2.9%5.4%3.90.83.3AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Mxico197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF20.0%18.0%19.0%19.3%19.9%21.4%21.0%19.6%21.1%23.4%24.8%26.4%23.0%17.5%17.9%19.1%19.5%18.5%18.5%17.2%17.9%18.7%19.6%18.6%19.4%16.2%18.0%19.6%20.9%VE2.8%2.3%1.4%2.1%3.3%2.3%1.3%3.2%2.5%2.5%2.4%1.0%-0.0%3.2%1.9%2.1%-0.9%0.8%4.0%5.7%5.3%4.7%3.7%2.4%2.4%3.7%5.3%6.7%3.3%FBC22.7%20.2%20.3%21.4%23.2%23.7%22.3%22.8%23.6%26.0%27.2%27.4%22.9%20.8%19.9%21.2%18.5%19.3%22.6%22.9%23.1%23.3%23.3%21.0%21.7%19.8%23.3%26.3%24.3%22.8%26.928.727.0FBCANB19.7%18.0%18.4%19.0%19.5%19.5%19.0%20.8%21.0%22.3%22.2%21.4%22.4%24.7%22.5%22.5%18.2%22.0%21.3%20.3%20.3%18.7%16.6%15.1%14.8%19.3%22.7%24.3%20.5%19.7%25.124.924.0ANBAE3.0%2.2%1.9%2.4%3.7%4.2%3.3%2.0%2.6%3.6%5.0%6.0%0.5%-3.9%-2.6%-1.3%0.4%-2.7%1.3%2.6%2.8%4.7%6.7%5.9%6.9%0.5%0.5%2.0%3.8%3.1%1.93.72.9AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Panam197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF25.8%26.7%29.5%30.2%28.2%29.0%31.1%21.5%24.6%23.5%23.0%25.6%25.5%19.3%15.1%15.4%17.0%19.3%8.8%6.5%8.5%15.0%18.5%23.2%23.6%26.0%25.3%29.7%28.7%VE2.2%3.8%2.4%3.5%5.5%1.7%0.5%2.2%1.8%4.4%5.1%2.8%1.4%-1.4%-0.3%-0.2%0.2%-0.9%-1.3%-0.4%8.3%4.2%5.2%1.5%3.2%4.3%5.3%5.2%4.1%FBC28.0%30.5%31.9%33.7%33.8%30.8%31.6%23.6%26.5%27.9%28.1%28.4%26.9%17.9%14.8%15.2%17.2%18.4%7.5%6.2%16.8%19.2%23.7%24.7%26.8%30.3%30.5%34.9%32.8%32.7%32.033.733.5FBCANB21.6%23.9%24.1%26.0%20.3%22.5%21.9%17.4%19.9%16.7%27.6%23.8%33.2%31.7%19.6%23.3%21.1%31.8%24.3%11.0%23.7%19.7%25.9%27.1%30.5%30.1%30.7%33.4%27.3%26.3%25.020.419.7ANBAE6.3%6.6%7.8%7.7%13.5%8.2%9.7%6.3%6.6%11.2%0.5%4.6%-6.3%-13.8%-4.8%-8.1%-3.9%-13.4%-16.8%-4.9%-6.9%-0.5%-2.2%-2.3%-3.7%0.2%-0.2%1.5%5.5%6.4%7.013.313.9AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Paraguay197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF14.5%14.1%13.7%16.3%18.4%20.8%22.8%23.9%25.2%27.0%27.2%27.4%24.0%20.1%21.6%20.7%23.5%23.7%23.1%22.7%22.0%23.7%21.9%22.0%22.5%23.1%22.6%22.7%22.1%VE0.2%0.5%1.4%2.8%2.6%3.3%1.9%0.8%2.0%1.6%1.5%1.4%1.6%1.3%1.3%1.3%1.5%1.4%1.2%1.2%0.8%1.1%1.0%0.9%0.9%0.9%0.8%0.9%0.9%FBC14.7%14.6%15.1%19.0%21.0%24.1%24.6%24.7%27.2%28.6%28.8%28.8%25.6%21.4%22.9%22.0%25.0%25.1%24.4%23.8%22.9%24.8%22.9%22.9%23.4%23.9%23.4%23.6%22.9%21.8%23.422.821.7FBCANB11.1%10.0%13.0%18.0%17.5%17.8%20.7%21.8%24.1%23.4%23.5%23.2%19.1%15.0%16.5%16.8%18.4%13.8%21.6%29.5%18.8%18.2%12.6%12.4%5.3%8.4%7.9%8.4%8.5%8.0%20.921.120.0ANBAE3.6%4.5%2.1%1.0%3.5%6.3%3.9%2.9%3.1%5.2%5.3%5.6%6.5%6.4%6.4%5.2%6.6%11.3%2.8%-5.7%4.0%6.7%10.3%10.6%18.0%15.5%15.5%15.1%14.5%13.8%2.51.71.7AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Per197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF14.8%15.5%15.5%19.8%23.1%22.0%20.7%20.7%19.8%20.7%23.5%26.0%27.6%22.9%22.5%21.4%21.5%21.3%24.7%20.6%21.0%18.0%18.2%19.2%21.9%23.8%21.8%22.9%22.9%VE0.8%2.4%-0.3%0.5%2.8%2.6%1.2%-1.5%-0.5%1.0%4.0%5.4%3.7%0.5%-0.3%0.2%0.9%1.5%1.5%0.1%0.2%2.1%1.9%2.1%2.3%2.3%1.8%1.4%1.3%FBC15.5%17.9%15.2%20.4%25.9%24.7%21.9%19.2%19.4%21.7%27.5%31.4%31.3%23.5%22.2%21.6%22.4%22.8%26.1%20.7%21.1%20.2%20.1%21.4%24.2%26.2%23.6%24.3%24.2%22.6%24.423.522.0FBCANB17.7%17.0%14.6%17.9%18.6%13.6%12.8%11.0%16.9%25.9%24.9%23.5%23.4%18.3%21.2%21.8%17.9%19.1%23.4%20.1%19.2%16.4%14.2%15.1%19.0%18.8%17.6%19.3%18.1%19.3%19.317.418.6ANBAE-2.2%0.9%0.6%2.4%7.2%11.0%9.1%8.2%2.5%-4.2%2.6%7.9%7.9%5.1%1.0%-0.2%4.5%3.8%2.8%0.6%1.9%3.8%5.9%6.3%5.2%7.4%5.9%5.0%6.1%3.3%5.16.13.4AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Rep. Dominicana197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF16.6%17.6%21.5%21.2%22.0%22.3%19.7%20.5%21.8%24.3%23.4%21.9%18.0%19.0%18.7%17.5%19.6%23.7%24.5%27.1%24.9%21.6%22.2%26.4%25.6%22.1%22.3%24.3%28.2%VE2.6%0.2%-1.8%0.9%1.4%2.2%2.6%1.3%2.1%1.1%1.2%0.8%1.2%0.7%0.3%0.3%0.5%0.5%0.3%0.2%0.2%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%FBC19.1%17.9%19.7%22.1%23.4%24.5%22.3%21.8%23.9%25.4%24.6%22.7%19.2%19.7%19.0%17.8%20.1%24.3%24.7%27.4%25.1%21.7%22.4%26.5%25.7%22.3%22.4%24.5%28.3%31.4%24.428.131.2FBCANB10.1%9.1%15.8%16.6%13.9%22.4%16.2%16.0%17.3%19.4%11.9%15.9%11.3%12.2%14.2%15.5%17.1%18.3%23.7%24.4%23.8%20.2%14.6%22.2%23.6%18.0%20.4%22.7%25.9%28.1%23.326.028.2ANBAE9.0%8.8%3.9%5.5%9.5%2.1%6.1%5.8%6.6%6.0%12.7%6.8%8.0%7.5%4.8%2.4%3.1%5.9%1.0%2.9%1.4%1.6%7.8%4.4%2.1%4.3%2.0%1.8%2.4%3.3%1.12.12.9AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Uruguay197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF11.5%11.5%9.7%8.9%10.2%13.3%15.4%15.2%16.0%16.2%16.7%15.7%15.1%13.7%10.9%9.6%9.9%11.4%11.9%11.6%10.8%11.9%12.5%13.8%12.8%11.5%11.8%12.0%12.7%VE0.0%1.1%2.1%3.6%1.3%0.1%-0.6%-0.0%0.0%1.2%0.6%-0.3%-0.6%0.5%1.2%1.7%1.3%2.9%1.3%-0.3%0.2%1.6%0.8%0.7%1.0%1.4%0.9%0.8%3.1%FBC11.5%12.6%11.8%12.6%11.5%13.5%14.8%15.2%16.0%17.3%17.3%15.4%14.4%14.2%12.1%11.4%11.2%14.3%13.2%11.3%11.0%13.5%13.3%14.6%13.8%12.9%12.6%12.8%15.8%14.1%12.113.512.1FBCANB9.7%10.8%11.8%13.6%8.3%8.0%12.3%10.8%12.2%12.1%10.8%10.8%9.3%10.9%10.0%9.8%12.6%12.7%14.0%13.3%13.3%14.6%12.8%13.0%11.9%12.0%11.9%11.9%14.6%11.8%10.811.49.2ANBAE1.8%1.8%0.1%-1.0%3.3%5.5%2.5%4.4%3.8%5.2%6.5%4.5%5.1%3.4%2.1%1.6%-1.4%1.6%-0.8%-2.0%-2.3%-1.1%0.5%1.6%1.9%1.0%0.8%0.8%1.2%2.3%1.32.12.9AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Venezuela197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF22.2%23.3%25.8%25.4%18.7%25.9%31.7%38.8%42.5%31.6%25.2%24.5%24.1%19.1%16.0%17.3%20.4%21.2%22.8%16.9%14.1%18.2%21.5%20.0%17.6%16.5%15.8%18.0%18.2%VE8.1%6.6%5.5%3.9%5.3%5.0%2.8%2.7%0.3%0.0%-0.5%-1.5%1.8%-7.3%1.5%1.2%0.5%3.3%5.1%-4.2%-3.9%0.5%2.3%-1.3%-3.5%1.6%0.8%1.6%1.4%FBC30.3%29.9%31.2%29.3%24.0%30.9%34.4%41.5%42.8%31.6%24.7%22.9%25.9%11.8%17.5%18.5%20.9%24.6%28.0%12.7%10.2%18.7%23.7%18.8%14.2%18.1%16.6%19.6%19.6%14.5%21.021.315.8FBCANB29.4%29.8%30.5%34.3%45.5%38.6%35.2%32.8%28.3%32.3%32.7%28.9%19.6%18.9%25.2%24.0%16.6%22.4%17.9%21.1%25.9%21.3%17.6%15.0%19.5%21.4%29.7%24.7%17.8%20.1%25.018.621.0ANBAE0.9%0.1%0.7%-5.0%-21.6%-7.7%-0.8%8.7%14.5%-0.7%-8.0%-6.0%6.2%-7.1%-7.6%-5.5%4.3%2.2%10.1%-8.4%-15.7%-2.6%6.1%3.7%-5.4%-3.2%-13.1%-5.1%1.8%-5.6%-3.92.7-5.2AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Amrica Latina (Promedio Ponderado)197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$1980-891990-99------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF19.0%19.0%19.4%19.4%20.2%22.7%22.7%22.6%23.3%23.1%24.0%24.0%22.2%18.9%18.2%18.0%19.1%20.7%21.4%22.0%18.5%17.5%18.6%19.2%20.1%19.3%18.7%19.7%VE2.1%1.9%1.2%1.6%2.8%2.1%1.0%1.4%1.1%0.8%1.1%0.7%0.3%-0.3%0.5%1.7%0.1%0.8%1.5%1.2%1.1%2.2%1.6%1.5%1.3%1.9%2.0%2.3%FBC21.2%20.9%20.6%21.0%23.0%24.8%23.6%24.0%24.5%23.8%25.1%24.7%22.5%18.6%18.7%19.7%19.2%21.5%22.9%23.2%19.6%19.7%20.2%20.6%21.5%21.2%20.7%22.1%22.0%20.6%22.6%23.0%21.5%FBCANB19.4%18.5%18.6%19.9%20.9%21.1%20.9%21.6%21.1%20.9%21.6%20.3%18.0%17.7%18.8%19.9%17.2%20.6%22.1%22.8%19.5%18.1%17.4%17.3%18.2%18.9%18.5%18.6%17.4%17.4%19.4%18.5%18.6%ANB19.9%18.2%AE1.8%2.5%2.1%1.0%2.1%3.7%2.7%2.4%3.4%3.0%3.5%4.4%4.5%0.8%-0.2%-0.2%2.0%1.0%0.8%0.4%0.1%1.6%2.8%3.4%3.3%2.2%2.1%3.4%4.6%3.2%3.2%4.4%3.0%AE1.7%2.7%PIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%21.6%20.8%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Amrica Latina (Promedio Simple)197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999199719981999US$------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------FBCF17.4%18.0%18.1%18.5%19.4%21.4%21.7%21.5%22.8%22.0%21.8%21.6%20.1%17.2%16.8%16.6%17.4%18.8%18.7%18.3%17.6%17.5%18.9%20.7%20.5%19.8%19.0%20.2%VE1.8%1.8%0.8%1.6%3.4%1.1%0.8%1.5%1.5%1.4%1.6%1.6%0.8%0.2%1.0%1.2%0.9%1.4%2.2%2.3%1.7%1.9%2.2%2.0%2.2%FBC19.2%19.7%18.9%20.0%22.9%22.5%22.5%23.0%24.3%23.4%23.5%23.2%20.9%17.4%17.7%17.9%18.3%20.4%20.5%19.2%19.0%19.7%21.2%22.3%22.4%21.9%21.1%22.4%22.9%21.1%21.722.520.7FBCANB16.0%15.5%16.1%17.9%18.5%17.6%18.7%19.2%18.9%19.3%18.9%17.0%15.4%14.9%15.1%16.0%16.2%17.7%19.1%18.2%18.8%18.2%17.4%18.0%18.6%18.6%18.8%19.2%17.9%18.3%18.817.918.2ANBAE3.2%4.2%2.8%2.1%4.3%4.9%3.8%3.8%5.4%4.1%4.5%6.2%5.5%2.5%2.6%1.9%2.1%2.8%1.4%1.1%0.1%1.5%3.8%4.3%3.8%3.4%2.3%3.3%5.1%2.8%2.94.62.5AEPIB100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%100.0%------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Crecimiento PIB-Amrica Latina197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Promedio Ponderado6.86.66.78.47.62.95.25.52.56.86.9-0.8-2.1-2.23.73.34.63.70.50.7-0.84.33.24.35.71.13.55.21.90.0Promedio Simple6.45.86.07.35.42.55.46.05.45.43.81.9-2.8-2.33.12.43.84.11.81.41.84.85.54.64.73.23.15.12.80.3------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Crecimiento PIB-Amrica Latina197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Promedio Ponderado6.80.5-0.7-2.53.32.75.03.50.61.5-0.6-0.24.63.83.95.51.63.65.52.4Promedio Simple4.01.7-2.1-2.62.81.94.23.81.71.31.54.45.44.34.43.43.25.43.00.2------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------A-I-corrientes0000000000000000000000000000000000000000NOTA: Estimacin CEPAL sobre la base de datos ponderadosINVERSIN TOTALAHORRO NACIONALAHORRO EXTERNOANBAXPorcentajes del PIB nominalAMRICA LATINA Y EL CARIBE: FINANCIAMIENTO DE LA INVERSIN00000000000000000000Ahorro-Inversin-US$-corrientesProducto Interno Bruto Total(Millones de dlares a precios corrientes)Pas19891990199119921993199419951996199719981999Argentina76636141353189710228990236754257695258096272243293005298281282911Bolivia47154866534256445735598167157397792685308362Brasil413199465681407337390590440535546486703912775012801587775034580264Chile2754730323346504188244474509196521668568752867280967469Colombia39540402744124044141508637993692503971471066719939086500Costa Rica52265709709084919527104501158111706127111388515042Ecuador982410685117531265614304166061793919040197681972313760El Salvador568445445272543569628086949510310111281196812382Guatemala8410765094061044111400129831465615783177851902917880Hait22662614235215321551205723342722309735223923Honduras34562805302134193506343239604079472552475387Mxico223022262672314454363609403196420776286167332339400868420853478358Nicaragua4891110173918431967183218871973202321252260Panam48885313584266417253773479068151865891449608Paraguay43635265624964466875782689829601955585058005Per4317636136426374187740240496705891160448647116251859076Repblica Dominicana66877074759088229609104531193513324150761584517398Uruguay86589297112121287315007174831930420516217062245621033Venezuela43550485985346260423600485841777389705388870495450102222Amrica Latina9313361091971116035712557571369804156882316588901800894196499019643151791839a/ La suma de los parciales no coincide con el total, pues el pas presenta la serie sectorial a costo de factores, por lo tanto para obtener el total de Amrica Latina se tom el total de las cifras calculadas en el PIB por tipo de gasto a precios corrieb/ Puesto que el pas no presenta informacin para este ao, el total se tom directamente de las cifras calculadas en el PIB por tipo de gasto a precios corrientes.c/ El pas est realizando una revisin de sus estadsticas de cuentas nacionales, por lo cual la serie a precios corrientes se presenta oficialmente slo hasta el ao 1996.d/ El pas no presenta series sectoriales a precios corrientes, por lo tanto se tom el total de las cifras calculadas en el archivo del PIB por tipo de gasto a precios corrientes.e/ A partir de 1994 las cifras se tomaron del PIB por tipo de gasto, pues el pas no presenta, en este periodo, series a precios corrientes por ramas de actividad econmica.Balance en Cuenta Corriente(Millones de dlares a precios corrientes)Pas19891990199119921993199419951996199719981999Argentina-13054552-647-5488-8003-10949-4938-6468-12036-14698-12155Bolivia-292-220-263-534-506-218-328-333-553-677-556Brasil1002-3823-1450608920-1153-18136-23255-30493-34000-24730Chile-689-485-99-958-2554-1585-1345-3512-3728-4144-78Colombia-2015422349901-2102-3626-4637-4770-5896-5293-1252Costa Rica-480-494-99407-679-520-358-267-330-494-488Ecuador-715-360-708-122-678-681-735111-714-2169926El Salvador-370-261-212-195-118-18-262-16996-84-205Guatemala-367-233-184-706-702-700-511-391-635-1012-1081Hait-63-22-30-42-6814-23-46-78432Honduras-180-186-213-298-327-351-177-194-183-43-176Mexico-5825-7451-14888-24442-23400-29662-1577-2330-7448-15726-14013Nicaragua-362-489-852-1095-879-893-774-755-834-817-1072Panam112208-241-264-9616-369-302-604-1212-1333Paraguay256-172-324-6059-274-279-495-238-147-136Peru-570-1384-1510-2102-2301-2649-4307-3624-3279-3791-2030Repblica Dominicana-327-280-157-708-533-283-183-213-163-336-513Uruguay13418642-9-244-438-213-233-288-476-605Venezuela216182791736-3749-19932541201489143476-25625358Amrica Latina-8082-2092-17750-33375-45104-51431-37137-38331-63926-87638-54135Inversin Domstica Bruta(Millones de dlares a precios corrientes)Pas19891990199119921993199419951996199719981999Argentina1231220500287713959145117513824629749227567565930653936Bolivia56263086896897788310241250161820311710Brasil10015487034764917287192182121769156892165404176814168332116855Chile560573148248850910414126271643317203197591883815675Colombia670860346522884711123204052386421564233372001314476Costa Rica8641172131417502168227423062020246627192659Ecuador20461853250324912735305233522947371142011547El Salvador88462881310201295158519031558165720731972Guatemala11051039141520001995210422061886229626632586Hait358373368140116123322400386453510Honduras5945816918181028105812501141129514741610M