TABLE I

# A **a** MACROECONOMIC<sup>INDICATORS</sup>

|ARGENTINA|IS36|1917|19U|19S9|1990|1991|1992|
|---|---|---|---|---|---|---|---|
|AVERAGEINFLOATIONI)|90.10|131.33|-34295|3079.42|231397|171.67|24.90|
|<br>REALEFPECTIEVEEXCH.RATEC85-100)(1)|121.11|123.29|121.47|_81.44_|_135.16_|222.15|266.97|
|<br>RESERVEMONEY(Lc.SMILLIONS)|0.69|1.35|7.00|528.17|3o17.W0|7823.00|11010.X|
|-NETDOMESTICCREDIT|0.97|3.33|11.75|n.n.|5360.00|S91600|2617D0|
|-NOTIFOREIGN ASSES|-0.27|-2W3|-4.75|n.n.|-174300|-1093.00|1393D0|
|INVESTMENT(aGDP)(2)|17.46%|19.55%|11.64%|1$.51%|_14.00%_|14 64%|16.70%|
|<br>NATIONALSAVINGS(%GDP)(2)<br>.|**n.1.**|15.70%|17.90%|13.60%|15.50%|112D|23.00%|
|<br>MPRRVATE<br>CONSUMPMlON(%GDP)J()|R.N.|75.30%|73.S0%|73.50%|71.90%|75.040|75.50%|
|<br>CGOVERN'TCONSUMPTION<br>(%GDP)(2)(3)|n.N.|4.90%A|4.30%|4,50%|S.4Q%|3.30Y.|9.40%|
|<br>CURRENTACCOUNTDEFICITrr(%DP)(2)|sm.|3.85%|0.74%|1.91%|-1.50%|144%|3.65%|

B: BALANCE OF PAVYM ENTS SELECTfED DATA (in munillunaordaln)

|ARGENTINA|19U|IM7|19=|19a|199tl|1991|1992|
|---|---|---|---|---|---|---|---|
|RESERVES:<br>NEr CHNG IN HLDOS(4|9S4|2213|-1922|1322|.3092|-1977|-4250|
|SHORTTERM CAPITAL|-725|-233|609|-5273|-3267|_1053_|3298|
|LONGTERMCAPITAL|2066|2574|737|II0|679|970|22|
|PORTFODUOINVESTMENT|-365|-96|-656|2613|-1309|461|-754|
|NETDIRECTINVESTMENT|574|-19|1147|1023|2336|2439|4179|
|CAPrTALACCOUNTBALANCE|1550|2176|1237|-526|-2061|4923|11645|
|NETERRORSANDOMISSIONS|302|-112|-165|-249|_715_|-341|137|

# ARGENTINA

IF. Imemadrnnd _fVncisl_ StiSkis Smern _IMF._ DmIme ofPl?man S9isii Waeld Bali Sihiee Linmiina _Nam:_ _(11 An_ in n tha e index is - unedmen fbte RER (2)C Cinnedt canemr -. (33 1937- 19M inchdk r ,ai opvenmc only. 1990-2 inkWes bodh fedea mwdl spmnid gwvammnrnI (4) A **npeive numbr ntems m imesue in** ceseVr

# TABLEZ

A: MACROECONONIIC<sup>INDICATORS</sup>

|CHILE|1536|1957|19U|19"|1990|I991|19Y2|
|---|---|---|---|---|---|---|---|
|AVERAGE INFLATION_t%)_|19.48|19.87|14.69|17.03|26.04|22,73|15.43|
|REAL EFFECTIVE EXCIHIRATEt'35-1003(1)|34.52|78.43|73.35|75.01|72E4|75.15|79.5|
|RESERVE MONEY (Le. S MILLIONS)|2317443|2492480|2400394|2321690|3675395|4507409|5233266|
|-NET DOMESTIC CREDrr|2846763|3193490|2737320|2206733|2539736|2750300|2271891|
|-NETFOREIGNASSETS|-529320|-706O02|-337426|114907|1135609|1756609|2966375|
|INVESTMENT (%GDI) (2)|11.3111%|22.24%|2277%|25,53%|24.73%|22.15%|23.74%|
|NATIONAL SAVINGS (%GDP) (2)|11.54%|17.25%|22.27%|23.63%|224:%|22.32%|2101%|
|- PRiVATE CONSUMPTION<br>(% GDP) (2)|65.43%|64.00%|59.91%|60.41%|62.-7%|63.53%|64.56%|
|-GOVERNTCONSUMPMON (%GDP)(2)|12.52%|10.8F%|10.36%|9.641%|_9.60%_|9.69%|9.73%|
|CURRENTACCOUNT<br>DEFICITr GDP) (2)|7.34%|4.99%|0.50%|I.S5%|232%|-017%|1.73%|

# B; BALANCE OF PAYMENTS SELECTED DATA

# CHILE

RESERVES: NET CNG IN HLDOS (3) SHORTTERM CAGITAL LONG TERM CAPITAL PORTFOLIO INVESTMENT NE'rDIRECTINVESTMENT CAPITALACCOUNT BALANCE NET ERRORS AND OM159ONS Smw.

|1916|19S7|19|199|19 0|t991|.1992|
|---|---|---|---|---|---|---|
|255|-792|4167|*511|-2320|-1340|-1950<br>|
|377|172|-20B|742|1143|-212|1712.|
|26|-74|299|-916|1094|373|50|
|197|693|370|14D0|766|93|-14<br>|
|116|230|141|134|249|563|737|
|716|1020|2200|1410|3250|822|2940|
|224|-777|-109|-713|-326|283|I87|

I62F.IsnuaawI Finundal Sutisa 11F1, Dulanceaf Ptyenuts StisUICs Cestil Bak of Chie Noter (I)MAn mace in the index Is -n aprtadofwthe RER (2) Conputed tt cur t pike (3) A neuve summit meanw aimouse n tayves