Latin America and the Caribbean.

Latin America and the Caribbean

GDP

% change on year ago

LT Consensus Forecast *

latest 2004 2005F 2006F Argentina 8.3 Q1 '05 9.0 6.5 3.4 Brazil 2.9 Q1 '05 5.2 3.6 3.9 Chile 5.7 Q1 '05 5.8 5.5 5.0 Colombia 4.3 Q4 '04 4.0 3.7 3.5 Ecuador 4.5 Q4 '04 6.6 3.6 3.4 Mexico 2.4 Q1 '05 4.4 3.7 3.6 Peru 5.4 Q1 '05 4.8 4.6 4.0 Venezuela 7.9 Q1 '05 17.3 5.4 3.8

Industrial production Unemployment

% change on year ago % rate

latest latest Argentina 4.9 Feb '05 13.0 Q1 '05 Brazil 4.4 Feb '05 10.6 Feb '05 + Chile 3.5 Feb '05 7.9 Q1 '05 Colombia 0.6 Feb '05 14.0 Feb '05 Ecuador 0.7 Feb '05 12.0 Feb '05 Mexico 2.0 Feb '05 3.8 Feb '05 + Peru 6.8 Feb '05 10.6 Feb '05 Venezuela -- -- 17.1 Feb '05

Producer prices Consumer prices

% change on year ago

latest LT Consensus Forecast *

2004 2005F 2006F Argentina 6.8 Feb '05 6.1 9.9 8.2 Brazil 12.7 Feb '05 7.6 6.1 5.0 Chile 8.7 Feb '05 2.4 2.7 3.0 Colombia 4.3 Feb '05 5.5 5.2 4.9 Ecuador 5.2 Feb '05 2.0 2.0 2.1 Mexico 6.6 Feb '05 5.2 3.9 3.7 Peru 3.0 Feb '05 3.5 2.2 2.6 Venezuela 17.5 Feb '05 19.2 19.3 20.0

Exchange rates

end of period per US$

LT Consensus Forecast *

2004 2005F 2006F Argentina 2.98 2.97 3.05 Brazil 2.65 2.69 2.88 Chile 560 594 604 Colombia 2,390 2,507 2,667 Ecuador 1.00 1.00 1.00 Mexico 11.20 11.76 11.97 Peru 3.28 3.30 3.40 Venezuela 1,920 2,167 2,520

Current account

as % of GDP

LT Consensus Forecast *

2004 2005F 2006F Argentina 2.0 1.0 -0.4 Brazil 1.9 1.3 0.5 Chile 1.5 0.9 -0.1 Colombia -1.3 -1.5 -2.0 Ecuador 0.7 0.1 -1.2 Mexico -1.3 -2.0 -2.4 Peru 0.0 -0.2 -0.7 Venezuela 13.5 10.7 6.6

International reserves

UD$ billions

LT Consensus Forecast *

2004 2005F 2006F Argentina 18.9 23.0 24.9 Brazil 52.7 58.8 52.5 Chile 16.0 16.3 16.6 Colombia 13.4 14.4 14.5 Ecuador 1.1 1.7 1.7 Mexico 61.5 63.2 63.8 Peru 12.0 13.7 14.3 Venezuela 24.3 26.0 26.3

Consumer prices

% change on year ago

latest year ago Argentina 8.1 Feb '05 2.3 Bolivia 5.3 Feb '05 4.6 Brazil 7.4 Feb '05 6.7 Chile 2.2 Feb '05 0.0 Colombia 5.3 Feb '05 6.3 Costa Rica 13.2 Feb '05 11.5 Dominican Rep. 6.8 Feb '05 61.4 Ecuador 1.5 Feb '05 3.5 El Salvador 5.3 Feb '05 2.6 Guatemala 8.5 Feb '05 6.0 Honduras 9.1 Feb '05 6.7 Jamaica 12.7 Feb '05 16.7 Mexico 4.3 Feb '05 4.5 Panama 2.1 Feb '05 -2.9 Paraguay 3.6 Feb '05 3.8 Peru 1.7 Feb '05 3.4 Trinidad & Tobago 6.9 Feb '05 3.1 Uruguay 5.7 Feb '05 9.1 Venezuela 16.9 Feb '05 21.9

Interest rates

% per year

deposit lending Argentina 2.68 5.36 Feb '05 Bolivia 5.06 18.07 Feb '05 Brazil 17.40 56.40 Feb '05 Chile 2.92 6.04 Feb '05 Colombia 7.41 15.18 Feb '05 Costa Rica 10.00 24.17 Feb '05 Dominican Rep. 20.40 30.95 Feb '05 Ecuador 3.44 9.03 Feb '05 El Salvador 3.24 6.79 Feb '05 Guatemala 4.34 13.52 Feb '05 Honduras 10.94 19.33 Feb '05 Jamaica 7.76 17.56 Feb '05 Mexico 3.28 9.55 Feb '05 Panama 2.77 8.85 Feb '05 Paraguay 2.02 34.32 Feb '05 Peru 3.20 15.30 Feb '05 Trinidad & Tobago 2.70 8.75 Dec '05 Uruguay -- -- Venezuela 12.14 17.40 Feb '05

Exchange rates

June 2, 2005

currency per US$ per euro Argentina Peso 2.88 3.52 Bolivia Boliviano 8.07 9.85 Brazil Real 2.44 2.98 Chile Peso 586.70 715.83 Colombia Peso 2,337 2,851 Costa Rica Colon 474.50 578.94 Dominican Rep. Peso 28.80 35.14 Ecuador Sucre 1.00 30,503 El Salvador Colon 8.75 10.67 Guatemala Quetzal 7.60 9.27 Honduras Lempira 18.02 21.99 Jamaica Dollar 50.00 61.01 Mexico Peso 10.82 13.21 Panama Balboa 1.00 1.21 Paraguay Guarani 6,215 7,583 Peru Sol 3.25 3.97 Trinidad & Tobago Dollar 6.20 7.56 Uruguay Peso 24.05 29.34 Venezuela Bolivar 2,145 2,617

Export of goods

US$ millions

trailing

latest 12 months Argentina 2,578 Feb '05 35,172 Bolivia 173 Feb '05 2,266 Brazil 7,756 Feb '05 100,152 Chile 2,590 Feb '05 33,027 Colombia 1,590 Feb '05 17,118 Costa Rica 529 Feb '05 6,328 Dominican Rep. 1,459 Q4 '04 5,750 Ecuador 626 Feb '05 7,813 El Salvador 274 Feb '05 3,203 Guatemala 428 Feb '05 5,146 Honduras 156 Feb '05 1,569 Jamaica 345 Q4 '04 1,384 Mexico 15,481 Feb '05 191,818 Panama 1,677 Q4 '04 5,886 Paraguay 173 Feb '05 1,667 Peru 1,126 Feb '05 13,170 Trinidad & Tobago 845 Q1 '04 4,681 Uruguay 234 Feb '05 3,011 Venezuela 11,333 Q1 '05 41,708

Imports of goods

US$ millions

trailing

latest 12 months Argentina 1,862 Feb '05 23,226 Bolivia 163 Feb '05 1,942 Brazil 4,970 Feb '05 65,046 Chile 2,164 Feb '05 25,979 Colombia 1,465 Feb '05 17,388 Costa Rica 695 Feb '05 8,411 Dominican Rep. 2,168 Q4 '04 7,845 Ecuador 691 Feb '05 8,296 El Salvador 511 Feb '05 5,310 Guatemala 866 Feb '05 9,563 Honduras 311 Feb '05 3,999 Jamaica 1,105 Q4 '04 3,760 Mexico 15,985 Feb '05 201,465 Panama 2,017 Q4 '04 7,471 Paraguay 182 Feb '05 2,664 Peru 807 Feb '05 10,187 Trinidad & Tobago 1,209 Q1 '04 4,201 Uruguay 266 Feb '05 3,222 Venezuela 4969 Q1 '05 19,100

International reserves ([dagger])

US$ millions

trailing