12
short of the benchmark, economic growth has accelerated in recent
years, to rates sufficient to meet the target.
For 1995 99, we
expect economic growth to exceed the 1% benchmark for almost all
countries in the region.
Agency Strategic Goal:
Broad based economic growth and agricultural
development encouraged.
Indicators:
GNP/GDP capita average annual growth rate (in constant
prices)
Sources:
(a) World Development Indicators (Table 1.3)
(b) World Economic Outlook (Table A6)
(c) USAID calculations
Performance Goal 1:
Average annual
YEAR
Base
1999
growth rates in real per capita
income greater than 1%
PLANNED
>1%
ACTUAL
Percentage of countries meeting
AFR
PLN
66%
performance goal.
ACT
36%
ANE
PLN
90%
ACT
79%
LAC
PLN
90%
ACT
43%
ENI
PLN
66%
ACT
30%
Comment(s):
The baseline represents the unweighted average of annual
country growth rates for the five year period 1992 1996.
The 1999
benchmark represents the average annual growth rate for the five year
period ending in 1999.
Latin America and the Caribbean (LAC):
Per capita economic
growth over the 1992 96 period (using GDP data) averaged 1.3% on
a simple average basis.
Of 14 recipients, Haiti, Jamaica,
Honduras, Paraguay, Nicaragua, and Mexico fell below the 1%
benchmark.
However, in Nicaragua and Mexico trends over the
period were positive.
For the 1995 99 period, we expect per
capita economic growth to exceed the 1% benchmark for at least
80% of the countries in the region.
Europe and the New Independent States (ENI):
Looking at the
1992 96 period, only eight countries out of 27 managed to achieve
growth above the 1% benchmark.
In contrast, 16 countries
experienced steep declines in measured per capita income, and in
others, growth over the period was negligible.
On the positive
side, there was a clear, often dramatic improving trend over the
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