## Annex Table 1. Western Hemisphere: Main Economic Indicators

## Source details

**Canonical URL:** [Annex Table 1. Western Hemisphere: Main Economic Indicators](https://www.imf.org/-/media/files/publications/reo/whd/2019/october/english/table1econ.pdf)

## Other formats

- [Markdown version](/-/media/files/publications/reo/whd/2019/october/english/table1econ.pdf.md)
- [Structured JSON version](/-/media/files/publications/reo/whd/2019/october/english/table1econ.pdf.json)

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### Output Growth (Percent)
- United States: 2016 1.6, 2017 2.4, 2018 2.9, 2019 2.4, 2020 2.1
- Canada: 2016 1.1, 2017 3.0, 2018 1.9, 2019 1.5, 2020 1.8
- Mexico: 2016 2.9, 2017 2.1, 2018 2.0, 2019 0.4, 2020 1.3
- Brazil: 2016 1.3, 2017 1.1, 2018 1.1, 2019 0.9, 2020 2.0
- Argentina: 2016 -2.2, 2017 1.0, 2018 -2.5, 2019 -3.1, 2020 1.3
- Guyana: 2016 3.4, 2017 2.1, 2018 4.1, 2019 4.4, 2020 8.5
- Peru: 2016 4.0, 2017 2.5, 2018 4.0, 2019 2.6, 2020 3.6
- Venezuela: 2016 -17.0, 2017 -15.7, 2018 -18.0, 2019 -23.5, 2020 -21.0
- Latin America and the Caribbean (LAC): 2016 0.6, 2017 1.2, 2018 1.0, 2019 0.2, 2020 1.8
- LAC excluding Venezuela: 2016 0.2, 2017 1.9, 2018 1.7, 2019 0.9, 2020 2.1
- South America (memorandum): 2016 2.4, 2017 0.6, 2018 0.4, 2019 0.2, 2020 1.7
- Simple average (region): 2016 0.6, 2017 0.7, 2018 0.2, 2019 2.4, 2020 1.2

### Inflation (End of period, percent)
- United States: 2016 2.3, 2017 2.3, 2018 2.3, 2019 2.4, 2020 2.5
- Canada: 2016 1.4, 2017 1.8, 2018 2.1, 2019 2.2, 2020 1.9
- Mexico: 2016 3.4, 2017 6.8, 2018 4.8, 2019 3.2, 2020 3.0
- Brazil: 2016 6.3, 2017 2.9, 2018 3.7, 2019 3.6, 2020 3.9
- Argentina: 2016 24.8, 2017 47.6, 2018 57.3, 2019 39.2, 2020 22.7
- Guyana: 2016 6.8, 2017 21.7, 2018 22.2, 2019 21.8, 2020 4.5
- Peru: 2016 2.6, 2017 2.1, 2018 2.2, 2019 1.9, 2020 2.0
- Venezuela: 2016 274, 2017 863, 2018 130,060, 2019 200,000, 2020 500,000
- Latin America and the Caribbean (CPI aggregates excluding Venezuela; geometric averages): 2016 4.6, 2017 5.9, 2018 7.1, 2019 7.3, 2020 6.0
- LAC excluding Venezuela: 2016 4.6, 2017 5.9, 2018 7.1, 2019 7.3, 2020 6.0
- Simple average (inflation): 2016 2.4, 2017 1.2, 2018 4.4, 2019 3.0, 2020 8.0

### External Current Account Balance (Percent of GDP)
- United States: 2016 -2.3, 2017 -2.3, 2018 -2.4, 2019 -2.5, 2020 -2.5
- Canada: 2016 1.4, 2017 1.8, 2018 2.1, 2019 2.2, 2020 1.9
- Mexico: 2016 -2.2, 2017 -1.7, 2018 -1.8, 2019 -1.2, 2020 -1.6
- Brazil: 2016 -1.3, 2017 -2.0, 2018 -2.4, 2019 -2.1, 2020 -2.1
- Argentina: 2016 -2.7, 2017 -4.9, 2018 -25.3, 2019 -21.2, 2020 0.3
- Guyana: 2016 1.5, 2017 1.5, 2018 1.6, 2019 2.7, 2020 3.5
- Peru: 2016 2.6, 2017 1.2, 2018 2.1, 2019 1.6, 2020 2.0
- Venezuela: 2016 21.4, 2017 6.1, 2018 6.4, 2019 7.0, 2020 1.5
- Latin America and the Caribbean (current account aggregates, US dollar nominal GDP-weighted): 2016 -1.9, 2017 -1.4, 2018 -1.9, 2019 -1.6, 2020 -2.1
- LAC excluding Venezuela: 2016 0.2, 2017 1.9, 2018 1.7, 2019 0.9, 2020 2.1
- South America (memorandum current account): 2016 -2.4, 2017 0.6, 2018 0.4, 2019 0.2, 2020 1.7
- Simple average (current account): 2016 -1.4, 2017 0.7, 2018 0.2, 2019 2.4, 2020 1.2

### Notable country-level observations and special notes
- Venezuela shows extreme inflation and current account levels: inflation 2018 130,060, 2019 200,000, 2020 500,000; output growth steep declines (2016 -17.0 to 2019 -23.5).
- Guyana records rapid output growth projections and improving current account: output growth 2018 4.1, 2019 4.4, 2020 8.5; current account 2019 2.7, 2020 3.5.
- Argentina experienced large swings in inflation and current account: inflation 2018 57.3, 2019 39.2; current account 2018 -25.3, 2019 -21.2.
- Commodity exporters (Guyana, Suriname, Trinidad and Tobago) and tourism-dependent Caribbean countries are reported separately in the table as distinct groupings.
- Puerto Rico is classified as an advanced economy; its statistical data are maintained separately.
- Aggregation notes: regional output growth aggregates are purchasing-power-parity GDP-weighted averages; CPI inflation aggregates exclude Venezuela but include Argentina starting from 2017 and are geometric averages; current account aggregates are US dollar nominal GDP-weighted averages. Cutoff date for data and projections: September 30, 2019.

*Sources: IMF, World Economic Outlook database; and IMF staff calculations and projections.*

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_Source: https://www.imf.org/-/media/files/publications/reo/whd/2019/october/english/table1econ.pdf_