Investment and Unemployment Rate in Nigeria

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Investment and Unemployment Rate in Nigeria Powered By Docstoc
					Argentina
1993 to 2015
                   Category                        1993     1994      1995     1996     1997     1998     1999     2000      2001     2002     2003     2004    2005    2006    2007       2008                   2009                    2010                        2011                  2012                  2013                  2014
Population Growth Rate (%)                           1.3      1.3       1.3      1.3      1.3      1.2      1.2      1.1       1.1      1.1      1.1      1.0     1.0     1.0     1.0        0.9                    0.9                     0.9                     0.8                   0.8                       0.8                   0.7
GDP Growth Rate (%)                                  6.3      5.8      -2.8      5.5      8.1      3.9     -3.4     -0.8      -4.4    -10.9      8.8      9.0     9.2     8.5     8.7        6.8                    0.9                     6.3                     3.6                   3.9                       4.7                   5.0
Industrial Production Growth Rate (%)                4.9      7.1      -5.3      6.7      8.2      1.9     -6.6     -0.1      -2.9     -8.3     13.6     11.8    10.3     9.6     8.7        4.8                   -3.0                     2.5                     7.1                   3.6                       5.5                   5.9
Inflation Rate (%)                                  18.5      4.2       3.4      0.2      0.5      0.9     -1.2     -0.9      -1.1     25.9     13.4      4.4     9.6    10.9     8.8        8.6                    6.3                    10.2                     8.0                   7.6                       8.0                   9.2
Year-End Exchange Rate (1 USD)                      1.00     1.00      1.00     1.00     1.00     1.00     1.00     1.00      1.00     3.39     2.94     2.98    3.04    3.07    3.15       3.46                   3.82                    3.98                    4.46                  4.39                      4.30                  4.41
Year-End Exchange Rate (1 EUR)                      1.11     1.23      1.28     1.25     1.10     1.17     1.00     0.94      0.89     3.53     3.69     4.07    3.65    4.05    4.63       4.87                   5.73                    5.29                    5.71                  5.36                      5.72                  5.95
Average Interest Rate (%)                           10.3     10.1      17.8     10.5      9.2     10.6     11.0     11.1      26.5     53.0     28.3     21.0    15.0    12.5    11.0       13.0                    9.0                     9.9                    11.0                  10.0                       8.0                   9.5
Unemployment Rate (%)                                9.3     12.2      17.5     14.9     13.1     14.3     14.2     14.7      18.3     17.8     15.7     12.8    11.1    10.0     9.5        8.4                    8.0                     7.5                     8.4                   9.3                       9.0                   8.4
Current Account Balance (% of GDP)                  -3.4     -4.3      -2.0     -2.5     -4.1     -4.8     -4.2     -3.2      -1.4      8.5      6.3      1.7     2.6     3.2     2.3        1.5                    2.0                     2.5                     1.1                  -0.9                       1.5                   2.4
Exports (bil. US$)                                  13.1     15.8      21.0     23.8     26.4     26.4     23.3     26.3      26.5     25.6     29.6     34.6    40.4    46.6    56.0       70.0                   55.7                    69.1                    77.8                  82.0                      85.0                  91.9
Imports (bil. US$)                                  15.5     20.1      18.7     22.2     28.6     29.5     24.1     23.9      19.2      8.5     13.1     21.3    27.3    32.6    42.5       54.6                   37.2                    53.0                    62.8                  68.4                      73.9                  78.9
FDI Inflows (mil. US$)                             2,793    3,634     5,609    6,948    9,160    7,290    23,987   10,418    2,166    2,148    1,652    4,124   5,265   5,537   6,473      9,726                  4,895                   6,000                   6,000                 7,000                     8,000                 8,500
Fiscal Balance (% of GDP)                            1.2      0.0      -0.5     -2.0     -1.5     -1.4     -1.7     -2.4      -3.2     -1.5      0.5      2.6     1.8     1.8     1.1        1.1                   -0.5                    -1.2                    -1.5                  -1.1                      -0.5                   1.3

International Comparisons                                                                                                                                                           15.0
                                                                                                                                                                                                                                               GDP Growth (%)
                  Category                                                Brazil             Chile           Uruguay           Colombia            Mexico          Spain            10.0
Avg. Annual GDP Growth (2003-2007)                       6.8                3.6               3.4               6.0               4.5                 1.3            1.7             5.0
                                                                                                                                                                                     0.0
Avg. Annual Inflation Rate (2003-2007)                   8.9                5.1               4.3               6.8               5.2                 4.4            2.7
                                                                                                                                                                                    -5.0
Avg. Unemployment Rate (2003-2007)                      10.8                9.8               7.3              11.7              11.4                 4.0           11.1           -10.0
Per Capita GDP at PPP (USD)                           $14,120            $10,260           $13,430           $12,910            $8,500             $14,110        $31,630          -15.0
Total GDP (bil. USD)                                   $306.0            $1,564.0           $160.6            $31.5             $226.1              $962.7        $1,464.7




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Corruption Rating (1=bad, 10=good)                       2.9                3.7               6.7               6.7               3.7                 3.3            6.1
  Key Economic Changes
  Argentina’s GDP growth was 8.6% on an annualized basis in the third quarter of 2010.                                                                                                                                                                Inflation (%)
                                                                                                                                                                                    30.0
                                                                                                                                                                                    25.0
  Industrial production rose by 13.9% year-on-year in November 2010.                                                                                                                20.0
                                                                                                                                                                                    15.0
  The country’s inflation rate fell slightly to 10.9% year-on-year in December 2010.                                                                                                10.0
                                                                                                                                                                                     5.0
                                                                                                                                                                                     0.0
  In November 2010, the government asked the International Monetary Fund (IMF) to help it to revamp the country’s discredited methods of measuring inflation.                       -5.0




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  Argentina’s unemployment rate fell to 7.5% in the third quarter of 2010.

  The country’s Congress failed to pass a budget for 2011, meaning that the 2010 budget will apply for 2011.                                                                               Sources: ISA forecasts, national statisics, IMF, World Bank,
                                                                                                                                                                                           OANDA, US Census Bureau, UNCTAD
  In January 2011, Argentine farmed stopped all sales of grain for seven days to protest against the government’s restrictions on grain exports.
Bolivia
1993 to 2015
                   Category                        1993     1994     1995     1996     1997     1998      1999     2000     2001       2002   2003    2004    2005    2006    2007           2008                 2009                  2010                 2011                 2012                 2013                 2014
Population Growth Rate (%)                          2.4      2.3      2.2       2.2      2.1      2.0       2.0     1.9      1.8        1.7     1.7     1.6    1.5      1.5     1.4            1.4                  1.3                   1.3                  1.3                  1.2                  1.2                 1.2
GDP Growth Rate (%)                                 4.3      4.7      4.7       4.4      5.0      5.0       0.4     2.5      1.7        2.5     2.7     4.2    4.4      4.8     4.6            6.1                  3.4                   3.6                  4.3                  4.0                  4.3                 3.6
Industrial Production Growth Rate (%)               n/a      n/a      8.7       1.0      2.0      3.2      -4.0     3.6      5.2        3.5     5.6     4.9    4.1      5.0     4.2            2.8                 -2.8                  -2.1                  4.1                  2.8                  3.4                 1.5
Inflation Rate (%)                                  8.5      7.9     10.2      12.4      4.7      7.7       2.2     4.6      1.6        0.9     3.3     4.4    5.4      4.3     8.7           14.0                  3.3                   2.6                  4.8                  4.4                  3.8                 5.2
Year-End Exchange Rate (1 USD)                     4.51     4.66     4.94      5.19     5.35     5.65      5.92    6.36     7.12       7.73    8.01    8.24   8.05     8.29    7.71           7.21                 7.17                  7.16                 7.17                 7.17                 7.17                7.35
Year-End Exchange Rate (1 EUR)                     5.03     5.71     6.33      6.49     5.89     6.63      5.93    5.97     6.30       8.10   10.05   11.26   9.66    10.94   11.33          10.15                10.76                  9.52                 9.18                 8.75                 9.54                9.92
Average Interest Rate (%)                           n/a      n/a     21.7      16.8     13.6     12.9      12.3    13.4     14.5       12.1    10.9     9.6    7.9      6.4     6.0            5.5                  3.0                   3.0                  5.0                  6.0                  5.5                 7.0
Unemployment Rate (%)                               6.0      3.1      3.6       3.5      4.4      5.0       7.2     7.5      8.5        8.7     9.4     9.9   10.0     10.1    10.3           10.9                 11.1                  10.7                 10.3                 10.4                 10.8                10.9
Current Account Balance (% of GDP)                 -7.3     -4.0     -5.0      -4.5     -7.0     -7.8      -5.9    -5.3     -3.4       -4.1     1.0     3.8    6.5     11.3    12.0           12.1                  4.6                   5.6                  4.3                  3.4                  4.2                 5.9
Exports (bil. US$)                                  0.7      1.0      1.1       1.1      1.2      1.1       1.1     1.2      1.3        1.3     1.6     1.9    2.1      2.3     2.3            2.5                  2.7                   3.0                  3.5                  4.0                  4.4                 4.7
Imports (bil. US$)                                  1.2      1.2      1.4       1.6      1.9      2.0       1.8     1.8      1.7        1.8     1.7     1.9    2.1      2.4     2.3            2.2                  2.5                   2.8                  3.0                  3.2                  3.4                 3.6
FDI Inflows (mil. US$)                             124      130      374       429      854     1,026     1,011    736      706        677     197      86    -288     281     366            513                  423                   300                  375                  300                  400                 450
                                                                                                                                                                                                                                 GDP Growth (%)
International Comparisons                                                                                                                                                      8.0
                  Category                            Bolivia             Chile           Paraguay             Peru           Argentina           Brazil          Ecuador      6.0
Avg. Annual GDP Growth (2003-2007)                       4.6               3.4                3.1               6.8               6.8               3.6              4.0       4.0
Avg. Annual Inflation Rate (2003-2007)                   7.2               4.3                7.5               2.8               8.9               5.1              4.2
                                                                                                                                                                               2.0
Avg. Unemployment Rate (2003-2007)                      10.5               7.3               19.0               9.2              10.8               9.8              8.8
                                                                                                                                                                               0.0
Per Capita GDP at PPP (USD)                           $4,260            $13,430            $4,430             $8,140           $14,120           $10,260           $8,040




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Total GDP (bil. USD)                                   $16.1             $160.6             $14.5             $121.4            $306.0           $1,564.0           $53.6
Corruption Rating (1=bad, 10=good)                       2.7               6.7                2.1               3.7               2.9               3.7              2.2
                                                                                                                                                                                                                                       Inflation (%)
   Key Economic Changes                                                                                                                                                       15.0
   Inflationary pressures rose in recent months, with the country’s inflation rate soaring to 7.2% year-on-year in December 2010.
                                                                                                                                                                              10.0
   In December 2010, President Morales withdrew his government’s 70% increase of fuel prices following large-scale protests against this move.
                                                                                                                                                                               5.0
   The government nationalized four power companies in recent months as it continued to take control of the country’s energy industry.
                                                                                                                                                                               0.0




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   In November 2010, President Morales began the process of passing legislation to nationalize the country’s private pension system.

   In December 2010, the government reduced the country’s retirement age to just 58, despite fears that this could bankrupt the government in the coming years.
                                                                                                                                                                              Sources: ISA forecasts, national statisics, IMF, World Bank,
                                                                                                                                                                              OANDA, US Census Bureau, UNCTAD
Brazil
1993 to 2015
                   Category                         1993     1994      1995     1996      1997     1998     1999      2000       2001     2002     2003       2004     2005     2006     2007            2008                 2009                 2010                 2011                 2012                 2013                 2014
Population Growth Rate (%)                            1.6       1.6      1.6     1.5       1.5      1.4       1.4       1.3        1.3      1.2      1.2        1.1       1.1      1.1      1.0             1.0                  1.0    0.9                                0.9                  0.8                  0.8                  0.7
GDP Growth Rate (%)                                   4.9       5.9      4.2     2.2       3.4      0.0       0.3       4.3        1.3      2.7      1.1        5.7       3.2      4.0      6.1             5.1                 -0.2    7.6                                5.8                  5.1                  5.3                  5.6
Industrial Production Growth Rate (%)                 7.4       6.7      1.9     3.3       4.6     -1.0      -2.2       4.8       -0.5      2.6     -1.0        8.3       4.3      3.0      6.0            -0.1                 -3.4    6.1                                5.2                  4.6                  6.3                  6.9
Inflation Rate (%)                                 1927.4    2075.8     66.0    16.0       6.9      3.2       4.9       7.1        6.8      8.4     14.8        6.6       6.9      4.2      3.6             5.7                  4.9    4.8                                5.4                  6.2                  5.8                  5.2
Year-End Exchange Rate (1 USD)                        n/a      0.85     0.97    1.04      1.12     1.21      1.79      1.95       2.41     3.54     2.90       2.66      2.33     2.14     1.77            2.36                 1.75   1.67                               1.77                 1.72                 1.64                 1.69
Year-End Exchange Rate (1 EUR)                        n/a      1.04     1.24    1.30      1.23     1.42      1.80      1.83       2.06     3.71     3.64       3.63      2.80     2.82     2.60            3.32                 2.63   2.22                               2.27                 2.10                 2.18                 2.28
Average Interest Rate (%)                             n/a       n/a     53.1    27.4      24.8     33.0      21.0      15.4       18.1     25.0     16.5       18.3      18.0     13.3     11.3            10.0                  8.8   10.8                               11.5                 12.5                 12.0                 11.0
Unemployment Rate (%)                                 5.3       5.1      4.7     5.5       6.0      6.3       6.3       4.8       10.6     10.5     11.4       11.5       9.7      9.5      9.9            10.2                  9.5    9.5                                9.2                  9.0                  8.8                  8.5
Current Account Balance (% of GDP)                   -0.1      -0.3     -2.4    -2.8      -3.5     -4.0      -4.3      -3.8       -4.2     -1.5      0.8        1.8       1.6      1.2      0.1            -1.7                 -1.5   -1.9                               -2.4                 -2.1                 -1.0                  0.8
Exports (bil. US$)                                   38.6      43.5     46.5    47.7      53.0     51.1      48.0      55.1       58.3     60.4     73.2       96.7     118.5    137.8    160.6           171.8                175.7  179.1                              195.0                213.8                230.8                252.0
Imports (bil. US$)                                   25.3      33.1     49.9    53.3      59.7     57.7      49.2      55.9       55.6     47.2     48.3       62.8      73.6     91.4    120.6           134.4                129.7  136.0                              148.7                170.9                181.1                195.7
FDI Inflows (mil. US$)                              1,291     2,150    4,405   10,791    18,992   28,855    28,578    32,779     22,457   16,590   10,143     18,145   15,066   18,822   34,584          45,058               25,949 35,000                             50,000               60,000               65,000               70,000
Fiscal Balance (% of GDP)                             n/a       n/a     -6.7    -5.4      -5.7     -7.4      -9.0      -4.6       -5.2     -3.8     -4.2       -1.8      -3.0     -3.0     -2.3            -2.1                 -1.9   -2.8                               -3.3                 -2.9                 -2.5                 -1.4
                                                                                                                                                                                                                                             GDP Growth (%)
International Comparisons                                                                                                                                                                 8.0
                  Category                              Brazil           Argentina           Mexico            South Africa          China              India              Russia         6.0
Avg. Annual GDP Growth (2003-2007)                        3.6                6.8                1.3                 3.7               10.7               8.3                 4.0          4.0
Avg. Annual Inflation Rate (2003-2007)                    5.1                8.9                4.4                 6.8                2.7               7.2                11.4          2.0
                                                                                                                                                                                          0.0
Avg. Unemployment Rate (2003-2007)                        9.8               10.8                4.0                25.8               11.6               8.6                 9.4
                                                                                                                                                                                         -2.0
Per Capita GDP at PPP (USD)                            $10,260            $14,120            $14,110             $10,060             $6,710            $3,230             $18,390




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Total GDP (bil. USD)                                   $1,564.0            $306.0             $962.7              $284.5            $4,815.8          $1,356.1            $1,329.7
Corruption Rating (1=bad, 10=good)                        3.7                2.9                3.3                 4.7                3.6               3.4                 2.2
                                                                                                                                                                                                                                               Inflation (%)
                                                                                                                                                                                         20.0
   Key Economic Changes:
   Brazil’s GDP grew by 6.7% on an annualized basis in the third quarter of 2010, in line with expectations.                                                                             15.0

                                                                                                                                                                                         10.0
   Brazil’s inflation rate rose to 5.9% year-on-year in December 2010.
                                                                                                                                                                                          5.0
   Brazil’s currency, the real, soared against the US dollar and most other currencies in recent months.                                                                                  0.0




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   The country’s central bank raised interest rates by 50 basis points to 11.25% in January 2011 in a bid to reduce inflation.

   Brazil’s unemployment rate fell to 6.1% in October 2010, its lowest-ever level.                                                                                                       Sources: ISA forecasts, national statisics, IMF, World Bank,
                                                                                                                                                                                         OANDA, US Census Bureau, UNCTAD
   Brazil’s state-owned oil firm Petrobras announced that the newly-discovered Libra offshore oil field could contain as much as 15 billion barrels of oil.

   In December 2010, the government changed the country’s oil-drilling rules to ensure that Petrobras will have a 30% stake any new joint exploration projects in Brazil’s
   offshore oil fields. The government hopes these will attract more investment to Brazil’s fast-growing oil industry.
Chile
1993 to 2015
                   Category                        1993     1994        1995   1996     1997     1998     1999      2000     2001     2002     2003      2004     2005     2006     2007          2008                 2009                  2010                 2011                 2012                  2013                  2014
Population Growth Rate (%)                           1.6      1.5       1.5       1.4      1.4      1.3      1.3      1.2      1.2      1.1       1.1       1.0      1.0      1.0     0.9           0.9                  0.9    0.8                                 0.8                  0.7                  0.7                    0.6
GDP Growth Rate (%)                                  7.0      5.7      10.6       7.4      6.7      3.3     -0.4      4.5      3.5      2.2       4.0       6.0      5.5      4.6     4.6           3.7                 -1.5    4.0                                 5.6                  4.9                  4.5                    5.2
Industrial Production Growth Rate (%)                n/a      n/a       7.4       8.3      6.7     -1.1     -1.3      4.2      0.8      2.5       2.7       8.0      5.1      2.8     4.7           0.9                  0.3    3.7                                 1.4                  4.8                  3.3                    4.5
Inflation Rate (%)                                  12.7     11.4       8.2       7.4      6.1      5.1      3.3      3.8      3.6      2.5       2.8       1.1      3.1      3.4     4.4           8.7                  1.7    2.7                                 3.3                  2.8                  2.4                    3.1
Year-End Exchange Rate (1 USD)                    434.57   399.66    406.64    424.35   438.49   473.24   529.80   573.75   679.11   696.50    617.40    558.00   514.50   532.55   497.70        648.00               519.30 473.20                              484.11               506.38               513.52                 499.03
Year-End Exchange Rate (1 EUR)                    484.55   490.10    520.78    530.96   482.66   555.70   531.02   538.66   601.51   730.09    774.65    762.30   617.40   702.97   731.62        912.68               778.95 629.36                              619.66               617.78               682.98                 673.69
Year-End Interest Rate (%)                          24.3     20.3      18.2      17.4     15.7     13.5     11.1      9.3      6.5      2.9       2.6       2.8      4.5      5.3     5.8           7.5                  0.5    3.3                                 4.0                  3.5                  3.0                    4.5
Unemployment Rate (%)                                6.6      7.8       7.3       6.5      6.1      6.1      9.7      9.2      9.2      8.9       8.6       8.8      7.4      6.8     7.0           7.4                  7.8    7.6                                 8.0                  7.5                  6.8                    6.3
Current Account Balance (% of GDP)                  -5.4     -2.9      -1.9      -4.1     -4.4     -4.9      0.1     -1.2     -1.6     -0.9      -1.1       2.2      1.2      4.9     4.5          -1.5                  2.6   -1.2                                -0.8                 -1.5                  0.7                    2.6
Exports (bil. US$)                                   9.2     11.6      16.0      16.6     17.9     16.3     17.2     19.2     18.3     18.2      21.7      32.5     41.3     58.5    67.6          73.7                 77.9   80.8                                83.1                 86.1                 91.3                   96.3
Imports (bil. US$)                                  10.2     10.9      14.6      17.7     19.3     18.4     14.7     17.1     16.4     15.8      17.9      22.9     30.5     35.9    44.0          58.9                 61.7   63.4                                71.4                 77.7                 81.8                   85.4
FDI Inflows (mil. US$)                             1,034    2,583     2,956     4,814    5,271    4,627    8,761    4,860    4,199    2,549     4,307     7,172    6,983    7,298   12,534        15,181               12,702 12,000                              15,000               17,500               16,000                 18,000
Fiscal Balance (% of GDP)                            1.4      1.5       3.1       2.2      2.0      0.4     -2.1     -0.7     -0.5     -1.2      -0.5       2.1      4.6      7.7     8.9           7.1                  5.2    2.4                                 0.7                  1.2                  1.5                    2.9
                                                                                                                                                                                                                                      GDP Growth (%)
International Comparisons                                                                                                                                                           8.0
                  Category                              Chile            Argentina          Brazil             Peru              Bolivia          Colombia           Ecuador        6.0
Avg. Annual GDP Growth (2003-2007)                       3.4                 6.8              3.6               6.8                 4.6              4.5                4.0         4.0
Avg. Annual Inflation Rate (2003-2007)                   4.3                 8.9              5.1               2.8                 7.2              5.2                4.2         2.0
                                                                                                                                                                                    0.0
Avg. Unemployment Rate (2003-2007)                       7.3                10.8              9.8               9.2                10.5             11.4                8.8
                                                                                                                                                                                    -2.0
Per Capita GDP at PPP (USD)                           $13,430             $14,120          $10,260            $8,140             $4,260            $8,500             $8,040




                                                                                                                                                                                           1997
                                                                                                                                                                                                  1998
                                                                                                                                                                                                         1999
                                                                                                                                                                                                                2000
                                                                                                                                                                                                                       2001
                                                                                                                                                                                                                              2002
                                                                                                                                                                                                                                     2003
                                                                                                                                                                                                                                             2004
                                                                                                                                                                                                                                                    2005
                                                                                                                                                                                                                                                           2006
                                                                                                                                                                                                                                                                  2007
                                                                                                                                                                                                                                                                         2008
                                                                                                                                                                                                                                                                                2009
                                                                                                                                                                                                                                                                                       2010
                                                                                                                                                                                                                                                                                              2011
                                                                                                                                                                                                                                                                                                     2012
                                                                                                                                                                                                                                                                                                            2013
                                                                                                                                                                                                                                                                                                                    2014
                                                                                                                                                                                                                                                                                                                            2015
Total GDP (bil. USD)                                   $160.6              $306.0          $1,564.0           $121.4              $16.1            $226.1              $53.6
Corruption Rating (1=bad, 10=good)                       6.7                 2.9              3.7               3.7                 2.7              3.7                2.2
                                                                                                                                                                                                                                            Inflation (%)
                                                                                                                                                                                    10.0
   Key Economic Changes                                                                                                                                                              8.0
   GDP growth remained very strong in the third quarter of 2010, rising to 7.0% on an annualized basis. This growth was the result of both rising export revenues and a surge
                                                                                                                                                                                     6.0
   in domestic demand levels.
                                                                                                                                                                                     4.0

   Chile’s inflation rate rose to 3.0% year-on-year in December 2010.                                                                                                                2.0
                                                                                                                                                                                     0.0




                                                                                                                                                                                           1997
                                                                                                                                                                                                  1998
                                                                                                                                                                                                         1999
                                                                                                                                                                                                                2000
                                                                                                                                                                                                                       2001
                                                                                                                                                                                                                              2002
                                                                                                                                                                                                                                     2003
                                                                                                                                                                                                                                             2004
                                                                                                                                                                                                                                                    2005
                                                                                                                                                                                                                                                           2006
                                                                                                                                                                                                                                                                  2007
                                                                                                                                                                                                                                                                         2008
                                                                                                                                                                                                                                                                                2009
                                                                                                                                                                                                                                                                                       2010
                                                                                                                                                                                                                                                                                              2011
                                                                                                                                                                                                                                                                                                     2012
                                                                                                                                                                                                                                                                                                            2013
                                                                                                                                                                                                                                                                                                                   2014
                                                                                                                                                                                                                                                                                                                           2015
   The country’s central bank rose interest rates by 25 basis points to 3.25% in December 2010, with more interest rate hikes forecast for early 2011.

   The Chilean peso appreciated against most other currencies in recent months.
                                                                                                                                                                                    Sources: ISA forecasts, national statisics, IMF, World Bank,
   Chile’s unemployment rate fell sharply to 7.1% in November 2010.                                                                                                                 OANDA, US Census Bureau, UNCTAD
Colombia
1993 to 2015
                   Category                        1993     1994      1995     1996     1997     1998      1999     2000    2001    2002     2003     2004     2005     2006    2007           2008                 2009                 2010                 2011                 2012                 2013                 2014
Population Growth Rate (%)                           2.0      2.0      1.9       1.9      1.9      1.8       1.8      1.7     1.7     1.6      1.6      1.6       1.5     1.5     1.5             1.4                 1.4                   1.4                  1.3                  1.3                  1.3                  1.2
GDP Growth Rate (%)                                  5.7      5.1      5.2       2.1      3.4      0.6      -4.2      2.9     2.2     2.5      3.9      5.3       5.0     7.1     6.3             2.7                 0.8                   4.3                  5.5                  6.4                  7.5                  6.0
Industrial Output Growth Rate (%)                    4.2      3.6      5.4      -2.5      1.4      0.7      -7.3      3.2    -0.2     1.7      4.1      5.0       4.4     3.0     9.6             4.3                -5.3                  -0.6                  4.4                  3.0                  7.9                  5.5
Inflation Rate (%)                                  22.4     22.8     20.9      20.8     18.5     18.7      10.9      9.2     8.0     6.3      7.1      5.9       5.0     4.3     5.5             7.0                 4.2                   3.1                  3.5                  3.1                  4.2                  4.6
Year-End Exchange Rate (1 USD)                      814      817      991      1,006    1,297    1,547     1,875    2,236   2,372   2,926    2,831    2,355     2,288   2,240   2,044           2,252               2,064                 2,004                1,983                1,950                1,891                1,917
Year-End Exchange Rate (1 EUR)                      907     1,001    1,269     1,259    1,427    1,817     1,879    2,099   2,028   3,067    3,552    3,217     2,746   2,957   3,005           3,172               3,096                 2,665                2,538                2,379                2,515                2,588
Average Interest Rate (%)                           35.8     40.5     42.7      42.0     34.2     42.2      29.6     18.8    20.7    16.3     16.0     16.5      17.0    16.0    13.0            10.0                 3.5                   3.0                  4.5                  4.8                  5.8                  5.0
Unemployment Rate (%)                                8.6      8.9      8.8      11.2     12.5     15.7      18.0     19.5    16.4    15.7     14.7     14.3      13.5    12.5    10.6            10.4                10.0                   9.4                  9.1                  8.5                  8.0                  7.7
Current Account Balance (% of GDP)                  -3.0     -4.0     -4.4      -4.2     -4.8     -4.4       0.7      0.8    -1.2    -1.4     -1.0     -0.8      -1.3    -1.9    -2.8            -2.9                -2.2                  -3.0                 -2.3                 -1.8                 -2.4                 -1.8
Exports (bil. US$)                                   7.4      9.1     10.6      11.0     12.1     11.5      12.0     13.8    12.9    12.4     13.8     17.2      21.7    25.2    30.6            35.7                37.4                  39.8                 45.2                 49.7                 54.5                 59.5
Imports (bil. US$)                                   9.1     11.3     13.1      13.1     14.7     13.9      10.3     11.1    12.3    12.1     13.3     15.9      20.1    24.9    31.2            37.0                40.2                  42.8                 46.3                 52.5                 56.8                 60.8
FDI Inflows (mil. US$)                              959     1,446     968      3,111    5,562    2,828     1,507    2,436   2,541   2,133    1,720    3,015    10,252   6,656   9,049          10,583               7,201                10,000               11,000               12,000               12,500               14,000
Fiscal Balance (% of GDP)                           -0.7     -1.4     -2.2      -3.6     -3.7     -5.0      -5.9     -5.9    -5.9    -5.5     -4.9     -4.5      -5.0    -3.7    -3.3            -3.0                -2.5                  -2.5                 -3.1                 -3.2                 -2.0                 -3.0
                                                                                                                                                                                                                                   GDP Growth (%)
International Comparisons                                                                                                                                                       10.0
                  Category                           Colombia          Venezuela            Brazil            Ecuador         Panama            Mexico              Peru
                                                                                                                                                                                 5.0
Avg. Annual GDP Growth (2003-2007)                      4.5                6.0                3.6                4.0            8.2                1.3               6.8
Avg. Annual Inflation Rate (2003-2007)                  5.2               21.2                5.1                4.2            4.1                4.4               2.8         0.0
Avg. Unemployment Rate (2003-2007)                     11.4                9.6                9.8                8.8            7.4                4.0               9.2
                                                                                                                                                                                -5.0
Per Capita GDP at PPP (USD)                           $8,500            $12,370            $10,260             $8,040         $12,530           $14,110            $8,140




                                                                                                                                                                                        1997
                                                                                                                                                                                               1998
                                                                                                                                                                                                      1999
                                                                                                                                                                                                             2000
                                                                                                                                                                                                                    2001
                                                                                                                                                                                                                           2002
                                                                                                                                                                                                                                  2003
                                                                                                                                                                                                                                         2004
                                                                                                                                                                                                                                                2005
                                                                                                                                                                                                                                                       2006
                                                                                                                                                                                                                                                              2007
                                                                                                                                                                                                                                                                     2008
                                                                                                                                                                                                                                                                            2009
                                                                                                                                                                                                                                                                                   2010
                                                                                                                                                                                                                                                                                          2011
                                                                                                                                                                                                                                                                                                 2012
                                                                                                                                                                                                                                                                                                        2013
                                                                                                                                                                                                                                                                                                               2014
                                                                                                                                                                                                                                                                                                                      2015
Total GDP (bil. USD)                                  $226.1             $289.4            $1,564.0             $53.6          $23.3             $962.7            $121.4
Corruption Rating (1=bad, 10=good)                      3.7                1.9                3.7                2.2            3.4                3.3               3.7
                                                                                                                                                                                                                                     Inflation (%)
   Key Economic Changes                                                                                                                                                         20.0
   GDP growth fell to 3.6% on an annualized basis in the third quarter of 2010, once again failing to meet expectations.
                                                                                                                                                                                15.0

   Colombia’s mining and manufacturing sectors performed very well in recent months.                                                                                            10.0

                                                                                                                                                                                 5.0
   The government closed dozens of illegal gold mines in late 2010 in a bid to improve mine safety levels in Colombia.
                                                                                                                                                                                 0.0




                                                                                                                                                                                        1997
                                                                                                                                                                                               1998
                                                                                                                                                                                                      1999
                                                                                                                                                                                                             2000
                                                                                                                                                                                                                    2001
                                                                                                                                                                                                                           2002
                                                                                                                                                                                                                                  2003
                                                                                                                                                                                                                                         2004
                                                                                                                                                                                                                                                2005
                                                                                                                                                                                                                                                       2006
                                                                                                                                                                                                                                                              2007
                                                                                                                                                                                                                                                                     2008
                                                                                                                                                                                                                                                                            2009
                                                                                                                                                                                                                                                                                   2010
                                                                                                                                                                                                                                                                                          2011
                                                                                                                                                                                                                                                                                                 2012
                                                                                                                                                                                                                                                                                                        2013
                                                                                                                                                                                                                                                                                                               2014
                                                                                                                                                                                                                                                                                                                      2015
   Colombia’s inflation rate rose to 3.2% year-on-year in December 2010 as a result of rising food and energy prices.

   The peso rose sharply against the US dollar in late 2010, leading Colombian businesses to call on the government to intervene to weaken the peso in order to boost export
   competitiveness.                                                                                                                                                             Sources: ISA forecasts, national statisics, IMF, World Bank,
                                                                                                                                                                                OANDA, US Census Bureau, UNCTAD
   The country’s unemployment rate fell to 10.6% in November 2010.
Ecuador
1993 to 2015
                   Category                        1993     1994     1995     1996    1997    1998    1999     2000     2001     2002     2003     2004     2005     2006     2007             2008                    2009                    2010                    2011                    2012                    2013                    2014
Population Growth Rate (%)                           2.4      2.4      2.3      2.3     2.2     2.2     2.1      2.1       2.0     2.0      2.0      1.9      1.9      1.8      1.8              1.7                    1.7    1.6                                  1.6                      1.5                    1.5                     1.4
GDP Growth Rate (%)                                  2.0      4.7      1.7      2.4     4.1     2.1     -6.3     2.8       5.3     3.4      3.3      8.8      5.7      4.8      2.0              6.5                    0.4    1.9                                  2.4                      4.1                    3.2                     3.3
Industrial Output Growth Rate (%)                    5.8      8.6      0.5      0.2     1.6     1.3    -10.0     0.8       5.1     0.9      4.6      6.0      7.4      5.6      2.1              0.4                   -3.7   -1.0                                 -3.2                      4.1                    2.4                     0.1
Inflation Rate (%)                                  45.0     27.4     22.9     24.4    30.6    36.1    52.2     96.1      37.7    12.6      7.9      2.7      2.1      3.3      2.3              8.4                    5.2    3.7                                  3.6                      3.1                    5.4                     4.0
Year-End Exchange Rate (1 USD)                     1,924    2,258    2,919    3,633   4,417   6,830   19,750   25,000   25,000   25,000   25,000   25,000   25,000   25,000   25,000          25,000                  25,000 25,000                               25,000                  25,000                  25,000                  25,000
Year-End Exchange Rate (1 EUR)                     2,145    2,769    3,738    4,546   4,862   8,020   19,795   23,471   22,259   26,205   31,368   34,153   30,000   33,000   36,750          35,211                  37,500 33,250                               32,000                  30,500                  33,250                  33,750
Average Interest Rate (%)                            n/a      n/a     16.8     16.5    13.2    13.3    15.8     15.2      15.3    14.2     12.5     12.0     13.0     13.5     12.5             11.0                    7.0    6.0                                  7.5                      8.0                    9.0                     7.5
Unemployment Rate (%)                                8.9      7.8      7.7     10.4     9.3    11.8    15.1     10.3       8.1     7.7      8.5      8.7      8.0      7.6      9.1              9.4                   10.1    9.9                                  9.2                      9.5                   10.3                    10.7
Current Account Balance (% of GDP)                  -4.4     -4.4     -3.6     -0.7    -3.0    -9.3     4.6      5.3      -3.2    -3.9     -1.4     -1.6      1.0      3.9      3.6              2.2                   -0.7   -0.8                                 -1.6                     -1.4                    1.0                     1.2
Exports (bil. US$)                                   3.1      3.8      4.4      4.9     5.3     4.2     4.5      4.9       4.7     5.0      6.0      7.6      8.0      8.7      8.1              9.4                    9.8   10.5                                 11.6                     12.2                   12.5                    12.9
Imports (bil. US$)                                   2.6      3.6      4.2      3.9     5.0     5.6     3.0      3.7       5.4     6.4      6.5      7.4      7.8      8.6      8.2              9.1                    9.1    9.7                                 10.2                     10.5                   10.4                    10.6
FDI Inflows (mil. US$)                              473      576      452      499     723     869      648     720      1,329    783      871      836      493      271      194             1,001                   312    500                                  750                     1,000                   750                     750
Fiscal Balance (% of GDP)                            0.0      0.0     -2.5     -3.2    -2.6    -6.1     -4.6     1.5       0.4     0.6      1.1      0.5      0.0     -0.2     -1.9              0.5                   -2.3    0.2                                  0.8                     -0.2                   -1.4                    -0.3
                                                                                                                                                                                                                                       GDP Growth (%)
International Comparisons                                                                                                                                                     10.0
                  Category                            Ecuador              Peru         Colombia           Chile          Venezuela          Bolivia         El Salvador       5.0
Avg. Annual GDP Growth (2003-2007)                       4.0                6.8            4.5              3.4               6.0               4.6                2.1         0.0
Avg. Annual Inflation Rate (2003-2007)                   4.2                2.8            5.2              4.3              21.2               7.2                4.2
                                                                                                                                                                               -5.0
Avg. Unemployment Rate (2003-2007)                       8.8                9.2           11.4              7.3               9.6              10.5               10.6
                                                                                                                                                                              -10.0
Per Capita GDP at PPP (USD)                            $8,040             $8,140         $8,500          $13,430           $12,370           $4,260             $6,360




                                                                                                                                                                                       1997
                                                                                                                                                                                               1998
                                                                                                                                                                                                       1999
                                                                                                                                                                                                               2000
                                                                                                                                                                                                                       2001
                                                                                                                                                                                                                               2002
                                                                                                                                                                                                                                       2003
                                                                                                                                                                                                                                               2004
                                                                                                                                                                                                                                                       2005
                                                                                                                                                                                                                                                               2006
                                                                                                                                                                                                                                                                       2007
                                                                                                                                                                                                                                                                               2008
                                                                                                                                                                                                                                                                                       2009
                                                                                                                                                                                                                                                                                               2010
                                                                                                                                                                                                                                                                                                       2011
                                                                                                                                                                                                                                                                                                               2012
                                                                                                                                                                                                                                                                                                                       2013
                                                                                                                                                                                                                                                                                                                               2014
                                                                                                                                                                                                                                                                                                                                       2015
Total GDP (bil. USD)                                    $53.6             $121.4         $226.1           $160.6            $289.4            $16.1              $20.8
Corruption Rating (1=bad, 10=good)                       2.2                3.7            3.7              6.7               1.9               2.7                3.4
                                                                                                                                                                                                                                         Inflation (%)
   Key Economic Changes                                                                                                                                                       120.0
   GDP growth rose to 4.3% on an annualized basis in the third quarter of 2010.                                                                                               100.0
                                                                                                                                                                               80.0
   President Correa announced that all oil companies operating in Ecuador would have to reach a new deal with the government in the near future or the government would        60.0
   seize their operations in Ecuador. As of early 2011, most companies in Ecuador had signed the new deal.                                                                     40.0
                                                                                                                                                                               20.0
   Ecuador’s inflation rate fell to 3.3% year-on-year in December 2010.                                                                                                         0.0




                                                                                                                                                                                        1997
                                                                                                                                                                                                1998
                                                                                                                                                                                                        1999
                                                                                                                                                                                                                2000
                                                                                                                                                                                                                        2001
                                                                                                                                                                                                                                2002
                                                                                                                                                                                                                                        2003
                                                                                                                                                                                                                                                2004
                                                                                                                                                                                                                                                        2005
                                                                                                                                                                                                                                                                2006
                                                                                                                                                                                                                                                                        2007
                                                                                                                                                                                                                                                                                2008
                                                                                                                                                                                                                                                                                        2009
                                                                                                                                                                                                                                                                                                2010
                                                                                                                                                                                                                                                                                                        2011
                                                                                                                                                                                                                                                                                                                2012
                                                                                                                                                                                                                                                                                                                        2013
                                                                                                                                                                                                                                                                                                                                2014
                                                                                                                                                                                                                                                                                                                                        2015
                                                                                                                                                                              Sources: ISA forecasts, national statisics, IMF, World Bank,
                                                                                                                                                                              OANDA, US Census Bureau, UNCTAD
Guyana
1993 to 2015
                   Category                       1993     1994     1995    1996     1997     1998     1999     2000     2001     2002     2003     2004     2005     2006     2007          2008                 2009                  2010                 2011                 2012                 2013                 2014
Population Growth Rate (%)                         -0.7     -0.8     -0.8    -0.8      -0.6     -0.5    -0.3      -0.2     0.0      0.2      0.4      0.5      0.7      0.7      0.7           0.7                  0.6    0.6                                  0.5                 0.5                   0.4                  0.4
GDP Growth Rate (%)                                8.2      8.5      5.1      8.0      6.2      -1.7     3.0      -1.3     2.3      1.1     -0.7      1.6      -1.9     5.1      7.0           2.0                  3.0    2.9                                  4.3                 3.7                   3.4                  1.8
Industrial Production Growth Rate (%)              n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a           n/a                  n/a    n/a                                  n/a                 n/a                   n/a                  n/a
Inflation Rate (%)                                 8.4     12.4     12.2      7.1      3.6      4.6      7.5      6.1      2.6      5.4      6.0      4.7      6.9      6.7     12.2           8.1                  3.0    4.6                                  5.5                 4.7                   6.0                  4.9
Year-End Exchange Rate (1 USD)                   118.51   123.49   134.90   134.87   138.09   147.85   180.25   178.41   179.75   180.50   179.00   179.50   190.00   190.00   204.21        203.88               205.16 205.66                              205.66               205.66               205.66               234.82
Year-End Exchange Rate (1 EUR)                   132.14   151.43   172.76   168.75   152.00   173.62   180.66   167.50   160.05   189.20   224.59   245.22   228.00   250.80   300.19        287.15               307.74 273.53                              263.24               250.91               273.53               317.01
Year-End Interest Rate (%)                         n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a     16.8     16.3     14.8     14.5     14.0     13.0     11.0          13.0                  7.5    7.5                                 10.0                 9.0                  11.0                 10.0
Unemployment Rate (%)                              n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a      n/a           n/a                  n/a    n/a                                  n/a                 n/a                   n/a                  n/a
Current Account Balance (% of GDP)                -29.4    -18.9    -17.9    -7.8     -13.8    -13.3    -8.1     -14.1    -18.5    -7.5     -5.8     -6.7     -10.1    -13.1    -11.1         -13.2                -8.6   -10.9                               -10.0                -11.9                -13.2                -10.3
Exports (bil. US$)                                 0.4      0.5      0.5      0.5      0.6      0.5      0.5      0.5      0.5      0.5      0.5      0.5      0.5      0.5      0.5           0.5                  0.5    0.6                                  0.6                 0.6                   0.6                  0.7
Imports (bil. US$)                                 0.5      0.5      0.5      0.6      0.6      0.6      0.6      0.7      0.6      0.6      0.7      0.7      0.6      0.6      0.6           0.7                  0.7    0.8                                  0.8                 0.8                   0.9                  1.0
FDI Inflows (mil. US$)                              69      106       74      92        52       44      46        67      56       44       26       30        77      102      152           178                 144     125                                 150                  200                  200                  225
                                                                                                                                                                                                                                 GDP Growth (%)
International Comparisons                                                                                                                                                       8.0
                                                                                                                                                                                6.0
                  Category                           Guyana           Venezuela        Colombia        Trinidad & Tob.      Jamaica            Belize             Cuba
                                                                                                                                                                                4.0
Avg. Annual GDP Growth (2003-2007)                     3.1                6.0             4.5                4.6                0.3              2.3               2.0          2.0
Avg. Annual Inflation Rate (2003-2007)                 7.4               21.2             5.2                8.4               12.9              3.7               3.2          0.0
Avg. Unemployment Rate (2003-2007)                     n/a                9.6            11.4                9.0               15.3              8.7               4.9         -2.0
                                                                                                                                                                               -4.0
Per Capita GDP at PPP (USD)                          $2,580            $12,370          $8,500             $25,100           $7,320            $6,050            $3,700




                                                                                                                                                                                      1997
                                                                                                                                                                                             1998
                                                                                                                                                                                                    1999
                                                                                                                                                                                                           2000
                                                                                                                                                                                                                  2001
                                                                                                                                                                                                                         2002
                                                                                                                                                                                                                                2003
                                                                                                                                                                                                                                        2004
                                                                                                                                                                                                                                               2005
                                                                                                                                                                                                                                                      2006
                                                                                                                                                                                                                                                             2007
                                                                                                                                                                                                                                                                    2008
                                                                                                                                                                                                                                                                           2009
                                                                                                                                                                                                                                                                                  2010
                                                                                                                                                                                                                                                                                         2011
                                                                                                                                                                                                                                                                                                2012
                                                                                                                                                                                                                                                                                                       2013
                                                                                                                                                                                                                                                                                                              2014
                                                                                                                                                                                                                                                                                                                     2015
Total GDP (bil. USD)                                  $1.1              $289.4          $226.1              $22.2             $13.5             $1.3              $17.0
Corruption Rating (1=bad, 10=good)                     2.6                1.9             3.7                3.6                3.0              2.9               4.4
                                                                                                                                                                                                                                       Inflation (%)
                                                                                                                                                                               15.0
   Key Economic Changes
   GDP growth is forecast to continue to accelerate over the near-term.                                                                                                        10.0

                                                                                                                                                                                5.0

                                                                                                                                                                                0.0




                                                                                                                                                                                      1997
                                                                                                                                                                                             1998
                                                                                                                                                                                                    1999
                                                                                                                                                                                                           2000
                                                                                                                                                                                                                  2001
                                                                                                                                                                                                                         2002
                                                                                                                                                                                                                                2003
                                                                                                                                                                                                                                        2004
                                                                                                                                                                                                                                               2005
                                                                                                                                                                                                                                                      2006
                                                                                                                                                                                                                                                             2007
                                                                                                                                                                                                                                                                    2008
                                                                                                                                                                                                                                                                           2009
                                                                                                                                                                                                                                                                                  2010
                                                                                                                                                                                                                                                                                         2011
                                                                                                                                                                                                                                                                                                2012
                                                                                                                                                                                                                                                                                                       2013
                                                                                                                                                                                                                                                                                                              2014
                                                                                                                                                                                                                                                                                                                     2015
                                                                                                                                                                               Sources: ISA forecasts, national statisics, IMF, World Bank,
                                                                                                                                                                               OANDA, US Census Bureau, UNCTAD
Paraguay
1993 to 2015
                   Category                        1993      1994     1995        1996    1997    1998    1999     2000     2001     2002      2003     2004     2005     2006    2007             2008                    2009                    2010                  2011                 2012                 2013                 2014
Population Growth Rate (%)                           2.9       2.8      2.8         2.8     2.8     2.7     2.7      2.7      2.7      2.6      2.6       2.6      2.5      2.5     2.5              2.4                     2.4                     2.3                   2.3                  2.2                  2.2                  2.1
GDP Growth Rate (%)                                  3.9       3.7      5.5         0.4     3.0     0.6    -1.5     -3.3      2.1      0.0      3.8       4.1      2.9      4.3     6.8              5.8                    -3.8                     8.8                   4.9                  5.2                  4.0                  3.8
Industrial Output Growth Rate (%)                    n/a       n/a      3.0        -2.2    -0.2     1.0     0.0     -1.8      2.4     -6.5     -0.4       1.6      4.3      0.9     2.8             -1.6                    -2.5                     0.9                   3.1                  5.6                  1.0                  2.3
Inflation Rate (%)                                  18.3      20.6     13.4         9.8     7.0    11.6     6.8      9.0      7.3     10.5     14.2       4.3      6.8      9.6     8.1             10.2                     2.6                     3.5                   4.4                  4.3                  3.9                  5.0
Year-End Exchange Rate (1 USD)                     1,825     1,893    1,948       2,076   2,233   2,855   3,318    3,545    4,783    7,170    6,079     6,213    6,150    5,390   4,835            5,063                   4,795                   4,741                 5,002                5,186                5,248                5,099
Year-End Exchange Rate (1 EUR)                     2,035     2,321    2,495       2,597   2,458   3,352   3,325    3,328    4,127    7,516    7,627     8,488    7,380    7,115   7,107            7,131                   7,193                   6,306                 6,403                6,327                6,980                6,884
Average Interest Rate (%)                            n/a       n/a     34.0        31.9    27.8    30.5    30.2     27.5     28.3     38.7     50.0      44.5     42.0     36.5    31.0             25.5                    20.0                    20.0                  19.0                 19.0                 17.0                 16.0
Unemployment Rate (%)                                9.0       9.4      8.1         9.8    12.0    14.3    15.9     16.0     15.3     18.6     19.2      19.4     19.0     18.7    18.1             19.4                    20.0                    19.2                  18.4                 18.8                 19.3                 19.0
Current Account Balance (% of GDP)                   2.1      -2.0     -1.1        -4.0    -7.3    -2.0    -2.3     -2.3     -4.2      1.8      2.3       2.1      0.3      1.4     1.8             -2.5                    -1.0                    -2.0                  -1.1                 -0.6                 -1.1                  0.4
Exports (bil. US$)                                   0.7       0.8      0.9         1.0     1.1     1.0     0.7      1.2      0.9      1.9      2.2       2.8      3.0      3.3     3.5              3.8                     4.0                     4.3                   4.5                  4.8                  5.0                  5.2
Imports (bil. US$)                                   1.7       2.1      2.8         2.9     3.1     2.5     1.7      1.9      1.9      2.1      2.4       3.2      3.7      3.9     4.0              4.4                     4.5                     4.8                   5.3                  5.7                  5.8                  6.0
FDI Inflows (mil. US$)                               69       122      103         149     236     342      95      104       84       10       27        38       35       95     202              109                     184                     200                   200                  200                  150                  225
                                                                                                                                                                                                                                            GDP Growth (%)
International Comparisons                                                                                                                                                         10.0
                  Category                            Paraguay            Bolivia          Argentina         Uruguay            Brazil              Chile             Peru
                                                                                                                                                                                    5.0
Avg. Annual GDP Growth (2003-2007)                        3.1                4.6               6.8              6.0               3.6                3.4               6.8
Avg. Annual Inflation Rate (2003-2007)                    7.5                7.2               8.9              6.8               5.1                4.3               2.8          0.0
Avg. Unemployment Rate (2003-2007)                       19.0               10.5              10.8             11.7               9.8                7.3               9.2
                                                                                                                                                                                   -5.0
Per Capita GDP at PPP (USD)                            $4,430             $4,260            $14,120          $12,910           $10,260            $13,430            $8,140




                                                                                                                                                                                            1997
                                                                                                                                                                                                    1998
                                                                                                                                                                                                            1999
                                                                                                                                                                                                                    2000
                                                                                                                                                                                                                            2001
                                                                                                                                                                                                                                    2002
                                                                                                                                                                                                                                            2003
                                                                                                                                                                                                                                                    2004
                                                                                                                                                                                                                                                           2005
                                                                                                                                                                                                                                                                  2006
                                                                                                                                                                                                                                                                         2007
                                                                                                                                                                                                                                                                                2008
                                                                                                                                                                                                                                                                                       2009
                                                                                                                                                                                                                                                                                              2010
                                                                                                                                                                                                                                                                                                     2011
                                                                                                                                                                                                                                                                                                            2012
                                                                                                                                                                                                                                                                                                                   2013
                                                                                                                                                                                                                                                                                                                          2014
                                                                                                                                                                                                                                                                                                                                 2015
Total GDP (bil. USD)                                    $14.5              $16.1             $306.0           $31.5            $1,564.0            $160.6            $121.4
Corruption Rating (1=bad, 10=good)                        2.1                2.7               2.9              6.7               3.7                6.7               3.7
                                                                                                                                                                                                                                              Inflation (%)
                                                                                                                                                                                  15.0
   Key Economic Changes
   Paraguay’s GDP growth soared to 12.2% on an annualized basis in the second quarter of 2010 as agricultural exports boomed during that period and the country’s
                                                                                                                                                                                  10.0
   construction sector staged a major comeback.
                                                                                                                                                                                   5.0
   Paraguay’s inflation rate rose sharply in recent months as food prices rose.
                                                                                                                                                                                   0.0
   A trade dispute with Argentine labor unions cost Paraguay millions of dollars in lost trade in December 2010 as these unions blocked shipments via river transport during




                                                                                                                                                                                          1997
                                                                                                                                                                                                   1998
                                                                                                                                                                                                           1999
                                                                                                                                                                                                                   2000
                                                                                                                                                                                                                           2001
                                                                                                                                                                                                                                   2002
                                                                                                                                                                                                                                           2003
                                                                                                                                                                                                                                                   2004
                                                                                                                                                                                                                                                           2005
                                                                                                                                                                                                                                                                  2006
                                                                                                                                                                                                                                                                         2007
                                                                                                                                                                                                                                                                                2008
                                                                                                                                                                                                                                                                                       2009
                                                                                                                                                                                                                                                                                              2010
                                                                                                                                                                                                                                                                                                     2011
                                                                                                                                                                                                                                                                                                            2012
                                                                                                                                                                                                                                                                                                                   2013
                                                                                                                                                                                                                                                                                                                          2014
                                                                                                                                                                                                                                                                                                                                 2015
                                                                                                                                                                                  Sources: ISA forecasts, national statisics, IMF, World Bank,
                                                                                                                                                                                  OANDA, US Census Bureau, UNCTAD
Peru
1993 to 2015
                   Category                         1993     1994      1995     1996      1997     1998      1999     2000      2001     2002     2003      2004    2005    2006    2007           2008                 2009                 2010                 2011                 2012                 2013                 2014
Population Growth Rate (%)                           2.2       2.2       2.1      2.0       2.0      1.9       1.9      1.8      1.7       1.7      1.6       1.6     1.5     1.5     1.5            1.4                  1.4                  1.3                  1.3                  1.2                  1.2                  1.1
GDP Growth Rate (%)                                  4.8      12.8       8.6      2.5       6.9     -0.7       0.9      3.0      0.2       5.0      4.0       5.0     6.8     7.7     8.9            9.8                  0.9                  8.0                  5.9                  5.8                  5.3                  6.4
Industrial Production Growth Rate (%)                7.0      19.4       7.2      1.1       7.9     -3.2      -0.5      6.7      0.3       4.2      2.1       3.8     1.7     6.4     3.8            4.8                  1.0                  1.7                  4.2                  3.2                  3.7                  4.5
Inflation Rate (%)                                  48.6      23.7      11.1     11.6       8.5      7.3       3.5      3.8      2.0       0.2      2.3       3.7     1.6     2.0     1.8            5.8                  2.9                  2.0                  2.6                  1.5                  3.3                  3.9
Year-End Exchange Rate (1 USD)                      2.17      2.13      2.30     2.60      2.73     3.16      3.51     3.53     3.60      3.65     3.59      3.29    3.43    3.20    3.05           3.17                 2.92                 2.84                 3.00                 3.11                 3.23                 3.20
Year-End Exchange Rate (1 EUR)                      2.42      2.62      2.95     3.25      3.00     3.71      3.52     3.31     3.07      3.83     4.50      4.49    4.12    4.22    4.48           4.46                 4.38                 3.78                 3.84                 3.79                 4.30                 4.32
Average Interest Rate (%)                           97.4      53.6      27.2     26.1      30.0     30.8      30.8     27.9     20.4      14.7     15.0      15.5    14.5    12.0    10.0            6.5                  1.3                  3.0                  3.5                  3.5                  5.5                  6.0
Unemployment Rate (%)                               10.3       9.1       7.9      7.0       7.7      7.8       8.0      6.5      8.9       8.9      9.2       9.0     9.1     8.8     9.0            9.6                  9.7                  9.1                  8.2                  8.4                  8.6                  8.0
Current Account Balance (% of GDP)                  -6.9      -5.7      -7.7     -6.1      -5.1     -6.4      -3.4     -2.8     -2.1      -1.9     -1.5       0.0     1.4     3.1     1.3           -3.7                  0.2                 -1.5                 -2.0                 -0.4                  1.3                  0.6
Exports (bil. US$)                                   3.4       4.4       5.5      5.9       6.8      5.8       6.1      7.0      7.0       7.7      9.0      11.2    12.3    13.9    17.3           20.0                 20.9                 25.3                 26.7                 29.0                 32.2                 34.9
Imports (bil. US$)                                   4.1       5.5       7.7      7.9       8.5      8.2       6.7      7.4      7.2       7.4      8.3       9.9    10.2    11.8    14.0           16.5                 16.9                 17.6                 20.1                 21.9                 22.8                 25.0
FDI Inflows (mil. US$)                              760      3,289     2,556    3,471     2,139    1,643     1,940     809     1,144     2,155    1,335     1,599   2,579   3,467   5,491          6,924                4,760                5,000                6,000                7,500                7,000                8,000
Fiscal Balance (% of GDP)                           -3.6      -3.2      -3.3     -1.4      -0.8     -1.1      -3.2     -2.8     -2.8      -2.1     -1.8      -2.5    -2.2    -1.8    -2.8           -4.1                 -3.3                 -3.0                 -1.4                 -2.1                 -2.4                 -1.6
                                                                                                                                                                                                                                       GDP Growth (%)
International Comparisons                                                                                                                                                           12.0
                                                                                                                                                                                    10.0
                  Category                               Peru               Chile            Ecuador             Brazil            Bolivia           Colombia        Venezuela       8.0
Avg. Annual GDP Growth (2003-2007)                        6.8                3.4                4.0                3.6                4.6               4.5              6.0         6.0
                                                                                                                                                                                     4.0
Avg. Annual Inflation Rate (2003-2007)                    2.8                4.3                4.2                5.1                7.2               5.2             21.2         2.0
Avg. Unemployment Rate (2003-2007)                        9.2                7.3                8.8                9.8               10.5              11.4              9.6         0.0
                                                                                                                                                                                    -2.0
Per Capita GDP at PPP (USD)                             $8,140            $13,430             $8,040            $10,260            $4,260             $8,500          $12,370




                                                                                                                                                                                            1997
                                                                                                                                                                                                   1998
                                                                                                                                                                                                          1999
                                                                                                                                                                                                                 2000
                                                                                                                                                                                                                        2001
                                                                                                                                                                                                                               2002
                                                                                                                                                                                                                                      2003
                                                                                                                                                                                                                                             2004
                                                                                                                                                                                                                                                    2005
                                                                                                                                                                                                                                                           2006
                                                                                                                                                                                                                                                                  2007
                                                                                                                                                                                                                                                                         2008
                                                                                                                                                                                                                                                                                2009
                                                                                                                                                                                                                                                                                       2010
                                                                                                                                                                                                                                                                                              2011
                                                                                                                                                                                                                                                                                                     2012
                                                                                                                                                                                                                                                                                                            2013
                                                                                                                                                                                                                                                                                                                   2014
                                                                                                                                                                                                                                                                                                                          2015
Total GDP (bil. USD)                                    $121.4             $160.6              $53.6            $1,564.0            $16.1             $226.1           $289.4
Corruption Rating (1=bad, 10=good)                        3.7                6.7                2.2                3.7                2.7               3.7              1.9
                                                                                                                                                                                                                                         Inflation (%)
                                                                                                                                                                                    10.0
  Key Economic Changes                                                                                                                                                               8.0
  Peru’s GDP growth remained strong, with the country’s economy expanding by 9.5% on an annualized basis in the third quarter of 2010. All sectors of the Peruvian
                                                                                                                                                                                     6.0
  economy performed well during this period.
                                                                                                                                                                                     4.0

  In December 2010, the government announced that it expects to approve $7 billion in new foreign investments in Peru’s mining industry by the middle of 2011.                       2.0
                                                                                                                                                                                     0.0




                                                                                                                                                                                            1997
                                                                                                                                                                                                   1998
                                                                                                                                                                                                          1999
                                                                                                                                                                                                                 2000
                                                                                                                                                                                                                        2001
                                                                                                                                                                                                                               2002
                                                                                                                                                                                                                                      2003
                                                                                                                                                                                                                                             2004
                                                                                                                                                                                                                                                    2005
                                                                                                                                                                                                                                                           2006
                                                                                                                                                                                                                                                                  2007
                                                                                                                                                                                                                                                                         2008
                                                                                                                                                                                                                                                                                2009
                                                                                                                                                                                                                                                                                       2010
                                                                                                                                                                                                                                                                                              2011
                                                                                                                                                                                                                                                                                                     2012
                                                                                                                                                                                                                                                                                                            2013
                                                                                                                                                                                                                                                                                                                   2014
                                                                                                                                                                                                                                                                                                                          2015
  Peru’s inflation rate fell slightly to 2.1% year-on-year in December 2010.

  In late 2010, Peru and Bolivia signed a deal that would give Bolivia the right to build an operate a small port and a free-trade zone on Peru’s Pacific Coast.
                                                                                                                                                                                    Sources: ISA forecasts, national statisics, IMF, World Bank,
                                                                                                                                                                                    OANDA, US Census Bureau, UNCTAD
Uruguay
1993 to 2015
                   Category                       1993     1994     1995     1996     1997     1998     1999     2000     2001     2002    2003     2004     2005     2006    2007            2008                    2009                    2010                    2011                    2012                    2013                    2014
Population Growth Rate (%)                         0.7      0.7      0.7       0.7      0.7      0.7      0.7      0.8      0.8      0.8     0.8      0.8      0.8      0.8     0.8             0.8                     0.7                     0.7                     0.7                     0.7                     0.6                    0.6
GDP Growth Rate (%)                                2.7      7.3     -1.4       5.6      5.0      4.5     -2.8     -1.4     -3.5     -7.1     2.3      4.6      6.8      4.3     7.5             8.5                     2.9                     8.1                     5.0                     5.5                     4.3                    3.9
Industrial Production Growth Rate (%)              n/a      n/a     -2.9       3.9      5.6      5.5     -8.6      2.0     -6.1    -17.4    -0.3      5.9      4.8      2.1     7.0             9.8                     4.9                    -1.5                     3.6                     2.6                     3.0                    2.3
Inflation Rate (%)                                54.1     44.7     42.2      28.3     19.8     10.8      5.7      4.8      4.4     14.0    19.4      9.2      4.7      6.4     8.1             7.9                     7.1                     6.4                     5.9                     5.1                     5.8                    4.7
Year-End Exchange Rate (1 USD)                    4.50     5.54     7.12      8.73     9.99    10.82    11.63    12.51    13.90    27.25   29.32    26.11    23.90    25.44   21.94           24.87                   19.94                   20.35                   22.32                   23.61                   24.74                   24.03
Year-End Exchange Rate (1 EUR)                    5.02     6.79     9.12     10.92    11.00    12.71    11.66    11.74    12.31    28.56   36.79    35.67    28.68    33.58   32.25           35.03                   29.91                   27.07                   28.57                   28.80                   32.90                   32.44
Average Interest Rate (%)                          n/a      n/a     99.1      91.5     71.6     57.9     53.3     52.5     51.7    126.1    65.0     30.0     22.0     19.0    16.0            10.0                     6.3                     6.5                     6.5                     7.0                     7.5                    6.0
Unemployment Rate (%)                              8.4      9.1     10.3      11.9     10.3     10.0     11.4     13.4     15.1     18.6    18.1     15.3     14.4     12.4    10.2            10.8                    10.8                     9.8                     9.5                     9.1                     8.9                    9.0
Current Account Balance (% of GDP)                -1.6     -2.5     -1.1      -1.1     -1.3     -2.1     -2.4     -2.8     -2.6      2.9    -0.7      0.0      0.2     -2.0    -0.9            -4.8                     0.7                    -0.2                    -1.2                    -1.7                    -0.1                    0.0
Exports (bil. US$)                                 1.6      1.9      2.1       2.4      2.7      2.8      2.2      2.3      2.1      1.8     2.0      2.9      3.4      3.4     3.7             3.3                     3.7                     3.4                     4.0                     4.3                     4.5                    4.7
Imports (bil. US$)                                 2.3      2.8      2.9       3.3      3.7      3.8      3.4      3.5      3.1      2.0     2.6      2.9      3.7      4.0     4.2             3.9                     4.5                     4.1                     4.6                     4.8                     4.8                    5.0
FDI Inflows (mil. US$)                            102      155      157       137      126      164      235      274      297      194     416      332      847     1,493   1,329           1,840                   1,139                   1,000                   1,000                   1,250                   1,000                   1,250
                                                                                                                                                                                                                                       GDP Growth (%)
International Comparisons                                                                                                                                                     10.0
                  Category                          Uruguay           Argentina           Brazil          Paraguay            Peru            Bolivia             Chile        5.0
Avg. Annual GDP Growth (2003-2007)                     6.0                6.8               3.6               3.1              6.8               4.6               3.4         0.0
Avg. Annual Inflation Rate (2003-2007)                 6.8                8.9               5.1               7.5              2.8               7.2               4.3
                                                                                                                                                                               -5.0
Avg. Unemployment Rate (2003-2007)                    11.7               10.8               9.8              19.0              9.2              10.5               7.3
                                                                                                                                                                              -10.0
Per Capita GDP at PPP (USD)                         $12,910            $14,120           $10,260           $4,430            $8,140           $4,260            $13,430




                                                                                                                                                                                       1997
                                                                                                                                                                                               1998
                                                                                                                                                                                                       1999
                                                                                                                                                                                                               2000
                                                                                                                                                                                                                       2001
                                                                                                                                                                                                                               2002
                                                                                                                                                                                                                                       2003
                                                                                                                                                                                                                                               2004
                                                                                                                                                                                                                                                       2005
                                                                                                                                                                                                                                                               2006
                                                                                                                                                                                                                                                                       2007
                                                                                                                                                                                                                                                                               2008
                                                                                                                                                                                                                                                                                       2009
                                                                                                                                                                                                                                                                                               2010
                                                                                                                                                                                                                                                                                                       2011
                                                                                                                                                                                                                                                                                                               2012
                                                                                                                                                                                                                                                                                                                       2013
                                                                                                                                                                                                                                                                                                                               2014
                                                                                                                                                                                                                                                                                                                                       2015
Total GDP (bil. USD)                                 $31.5              $306.0           $1,564.0           $14.5            $121.4            $16.1             $160.6
Corruption Rating (1=bad, 10=good)                     6.7                2.9               3.7               2.1              3.7               2.7               6.7
                                                                                                                                                                                                                                         Inflation (%)
   Key Economic Changes                                                                                                                                                       25.0
   GDP growth accelerated to 10.4% on an annualized basis in the second quarter of 2010 thanks to a sharp increase in export revenues.                                        20.0
                                                                                                                                                                              15.0
   Uruguay’s inflation rate rose to 6.9% year-on-year in December 2010.                                                                                                       10.0
                                                                                                                                                                               5.0
   Uruguay’s unemployment rate fell to an all-time low of 6.1% in December 2010. This raised concerns regarding potential labor shortages in many sectors of the economy.
                                                                                                                                                                               0.0




                                                                                                                                                                                      1997
                                                                                                                                                                                              1998
                                                                                                                                                                                                      1999
                                                                                                                                                                                                              2000
                                                                                                                                                                                                                      2001
                                                                                                                                                                                                                              2002
                                                                                                                                                                                                                                      2003
                                                                                                                                                                                                                                              2004
                                                                                                                                                                                                                                                      2005
                                                                                                                                                                                                                                                              2006
                                                                                                                                                                                                                                                                      2007
                                                                                                                                                                                                                                                                              2008
                                                                                                                                                                                                                                                                                      2009
                                                                                                                                                                                                                                                                                              2010
                                                                                                                                                                                                                                                                                                      2011
                                                                                                                                                                                                                                                                                                              2012
                                                                                                                                                                                                                                                                                                                      2013
                                                                                                                                                                                                                                                                                                                              2014
                                                                                                                                                                                                                                                                                                                                      2015
                                                                                                                                                                              Sources: ISA forecasts, national statisics, IMF, World Bank,
                                                                                                                                                                              OANDA, US Census Bureau, UNCTAD
Venezuela
1993 to 2015
                   Category                         1993     1994      1995      1996    1997    1998    1999     2000      2001    2002     2003     2004     2005       2006   2007            2008                    2009                    2010                    2011                    2012                    2013                    2014
Population Growth Rate (%)                           2.2       2.1      2.0        1.9     1.8     1.8     1.7     1.6        1.6    1.6       1.5      1.5      1.4       1.4     1.4             1.3                     1.3                     1.3                    1.2                     1.2                      1.2                     1.1
GDP Growth Rate (%)                                  0.3      -2.4      4.0       -0.2     6.4     0.3    -6.0     3.7        3.4    -8.9     -7.8     18.3     10.3       9.9     8.2             4.8                    -3.3                    -3.1                    0.5                     2.4                      3.1                     3.5
Industrial Production Growth Rate (%)                n/a      -6.5      3.8       -3.1     7.4    -5.6    -9.2     3.9        2.9   -11.0    -10.6     12.5      7.8       5.2     3.4             4.6                    -2.4                    -0.8                    5.8                     2.9                      5.1                     2.5
Inflation Rate (%)                                  38.1      60.8     59.9       99.9    50.0    35.8    23.6    16.2       12.5   22.4      31.1     21.7     16.0      13.7    18.7            30.4                    27.1                    28.0                   25.5                    23.9                     20.4                    19.0
Year-End Exchange Rate (1 USD)*                     0.10      0.20     0.30       0.50    0.60    0.60    0.60    0.70       0.80   1.40      1.60     1.90     2.15      2.15    2.15            2.15                    2.15                    4.30                   4.30                    6.55                     6.55                    7.25
Year-End Exchange Rate (1 EUR)*                     0.10      0.20     0.40       0.60    0.60    0.70    0.70    0.70       0.70   1.50      2.00     2.58     2.61      2.79    3.20            3.03                    3.23                    5.72                   5.50                    7.99                     8.71                    9.79
Average Interest Rate (%)                           59.9      54.7     39.7       39.4    23.7    46.4    32.1    25.2       22.5   36.6      33.0     30.0     28.5      28.0    27.0            24.0                    18.8                    18.0                   17.0                    16.0                     15.0                    13.0
Unemployment Rate (%)                                6.6       8.7     10.3       12.4    10.6    11.0    13.5    10.2       11.0   15.7      15.4     16.3     15.4      10.1     8.1             6.7                     7.6                     9.2                    8.7                     8.4                      8.2                     8.5
Current Account Balance (% of GDP)                  -3.3       4.5      2.8       12.7     4.3    -4.9     2.2    10.1        1.6    8.2      14.1     13.8     17.7      14.8     8.8            12.0                     2.6                     9.2                   10.2                     8.4                      6.4                     7.6
Exports (bil. US$)                                  14.8      16.1     19.1       23.7    23.9    17.7    21.0    33.5       26.7   26.8      27.2     39.7     55.6      65.2    69.2            74.6                    70.0                    65.4                   71.3                    75.3                     83.9                    87.1
Imports (bil. US$)                                  11.5       8.5     12.1        9.9    14.9    16.8    14.5    16.9       19.2   13.4      10.5     17.0     24.2      32.5    45.5            51.3                    53.2                    47.6                   45.8                    50.7                     54.4                    58.0
FDI Inflows (mil. US$)                              417       813      985       2,183   6,202   4,985   2,890   4,701      3,683    782     2,040    1,483    2,589      -508   1,008            349                    -3,105                  1,000                   500                     750                     2,000                   3,000
Fiscal Balance (% of GDP)                           -1.2      -1.1     -2.2        2.7     3.2    -3.7    -1.5    -1.2       -4.0    -3.9     -4.4     -1.9      1.7       0.2     3.0            -1.2                    -3.4                    -4.7                   -4.0                    -3.9                     -2.7                    -1.4
                                                                                                                                                                                                                                          GDP Growth (%)
International Comparisons                                                                                                                                                      20.0
                                                                                                                                                                               15.0
                  Category                            Venezuela          Colombia          Ecuador           Peru             Guyana            Mexico         Dominican Rep. 10.0
Avg. Annual GDP Growth (2003-2007)                        6.0               4.5               4.0             6.8               3.1                1.3               7.4        5.0
                                                                                                                                                                                0.0
Avg. Annual Inflation Rate (2003-2007)                   21.2               5.2               4.2             2.8               7.4                4.4               6.0       -5.0
Avg. Unemployment Rate (2003-2007)                        9.6              11.4               8.8             9.2               n/a                4.0              16.0      -10.0
                                                                                                                                                                              -15.0
Per Capita GDP at PPP (USD)                            $12,370            $8,500            $8,040          $8,140            $2,580            $14,110            $8,100




                                                                                                                                                                                          1997
                                                                                                                                                                                                  1998
                                                                                                                                                                                                          1999
                                                                                                                                                                                                                  2000
                                                                                                                                                                                                                          2001
                                                                                                                                                                                                                                  2002
                                                                                                                                                                                                                                          2003
                                                                                                                                                                                                                                                  2004
                                                                                                                                                                                                                                                          2005
                                                                                                                                                                                                                                                                  2006
                                                                                                                                                                                                                                                                          2007
                                                                                                                                                                                                                                                                                  2008
                                                                                                                                                                                                                                                                                          2009
                                                                                                                                                                                                                                                                                                  2010
                                                                                                                                                                                                                                                                                                          2011
                                                                                                                                                                                                                                                                                                                  2012
                                                                                                                                                                                                                                                                                                                          2013
                                                                                                                                                                                                                                                                                                                                  2014
                                                                                                                                                                                                                                                                                                                                          2015
Total GDP (bil. USD)                                    $289.4            $226.1             $53.6          $121.4             $1.1              $962.7             $45.7
Corruption Rating (1=bad, 10=good)                        1.9               3.7               2.2             3.7               2.6                3.3               3.0
                                                                                                                                                                                                                                            Inflation (%)
                                                                                                                                                                                 60.0
   Key Economic Changes                                                                                                                                                          50.0
   Venezuela’s GDP contracted by just 0.4% on an annualized basis in the third quarter of 2010, a better performance than had been expected. This was due largely to an          40.0
   increase in government spending during that period.                                                                                                                           30.0
                                                                                                                                                                                 20.0
   The country’s oil exports shrank by 20% in 2010, despite higher oil prices.                                                                                                   10.0
                                                                                                                                                                                  0.0




                                                                                                                                                                                         1997
                                                                                                                                                                                                 1998
                                                                                                                                                                                                         1999
                                                                                                                                                                                                                 2000
                                                                                                                                                                                                                         2001
                                                                                                                                                                                                                                 2002
                                                                                                                                                                                                                                         2003
                                                                                                                                                                                                                                                 2004
                                                                                                                                                                                                                                                         2005
                                                                                                                                                                                                                                                                 2006
                                                                                                                                                                                                                                                                         2007
                                                                                                                                                                                                                                                                                 2008
                                                                                                                                                                                                                                                                                         2009
                                                                                                                                                                                                                                                                                                 2010
                                                                                                                                                                                                                                                                                                         2011
                                                                                                                                                                                                                                                                                                                 2012
                                                                                                                                                                                                                                                                                                                         2013
                                                                                                                                                                                                                                                                                                                                 2014
                                                                                                                                                                                                                                                                                                                                         2015
   In January 2011, the government announced that it hopes to restrain domestic oil demand in order to boost oil exports.

   Inflationary pressures remained high and continued to be the highest in Latin America. Venezuela’s inflation rate rose sharply to 27.2% in December 2010.
                                                                                                                                                                                 Sources: ISA forecasts, national statisics, IMF, World Bank,
   The government continued to nationalize privately-owned companies across Venezuela in recent months, with 2,000 companies being nationalized in 2010.                         OANDA, US Census Bureau, UNCTAD

				
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Description: Investment and Unemployment Rate in Nigeria document sample