fiscal space: reconciling fiscal policy and infrastructure investment timothy irwin infrastructure...

22
Fiscal space: Reconciling fiscal policy and infrastructure investment Timothy Irwin Infrastructure Economics and Finance PEAM Course, 22 March 2005

Upload: byron-higgins

Post on 04-Jan-2016

224 views

Category:

Documents


2 download

TRANSCRIPT

  • Fiscal space: Reconciling fiscal policy and infrastructure investment

    Timothy IrwinInfrastructure Economics and FinancePEAM Course, 22 March 2005

    Draft

  • Trade offs between tariffs and investment are inevitable (holding taxes constant)WaterPowerCost recovery

    Draft

    Chart1

    0

    0.000099

    0.000392

    0.000873

    0.001536

    0.002375

    0.003384

    0.004557

    0.005888

    0.007371

    0.009

    0.010769

    0.012672

    0.014703

    0.016856

    0.019125

    0.021504

    0.023987

    0.026568

    0.029241

    0.032

    0.034839

    0.037752

    0.040733

    0.043776

    0.046875

    0.050024

    0.053217

    0.056448

    0.059711

    0.063

    0.066309

    0.069632

    0.072963

    0.076296

    0.079625

    0.082944

    0.086247

    0.089528

    0.092781

    0.096

    0.099179

    0.102312

    0.105393

    0.108416

    0.111375

    0.114264

    0.117077

    0.119808

    0.122451

    0.125

    0.127449

    0.129792

    0.132023

    0.134136

    0.136125

    0.137984

    0.139707

    0.141288

    0.142721

    0.144

    0.145119

    0.146072

    0.146853

    0.147456

    0.147875

    0.148104

    0.148137

    0.147968

    0.147591

    0.147

    0.146189

    0.145152

    0.143883

    0.142376

    0.140625

    0.138624

    0.136367

    0.133848

    0.131061

    0.128

    0.124659

    0.121032

    0.117113

    0.112896

    0.108375

    0.103544

    0.098397

    0.092928

    0.087131

    0.081

    0.074529

    0.067712

    0.060543

    0.053016

    0.045125

    0.036864

    0.028227

    0.019208

    0.009801

    `

    Feasible investment

    Tariff

    Fiscally possible investment

    Sheet1

    alpha1

    beta1

    Feasible investment

    00.000

    0.010.000

    0.020.000

    0.030.001

    0.040.002

    0.050.002

    0.060.003

    0.070.005

    0.080.006

    0.090.007

    0.10.009

    0.110.011

    0.120.013

    0.130.015

    0.140.017

    0.150.019

    0.160.022

    0.170.024

    0.180.027

    0.190.029

    0.20.032

    0.210.035

    0.220.038

    0.230.041

    0.240.044

    0.250.047

    0.260.050

    0.270.053

    0.280.056

    0.290.060

    0.30.063

    0.310.066

    0.320.070

    0.330.073

    0.340.076

    0.350.080

    0.360.083

    0.370.086

    0.380.090

    0.390.093

    0.40.096

    0.410.099

    0.420.102

    0.430.105

    0.440.108

    0.450.111

    0.460.114

    0.470.117

    0.480.120

    0.490.122

    0.50.125

    0.510.127

    0.520.130

    0.530.132

    0.540.134

    0.550.136

    0.560.138

    0.570.140

    0.580.141

    0.590.143

    0.60.144

    0.610.145

    0.620.146

    0.630.147

    0.640.147

    0.650.148

    0.660.148

    0.670.148

    0.680.148

    0.690.148

    0.70.147

    0.710.146

    0.720.145

    0.730.144

    0.740.142

    0.750.141

    0.760.139

    0.770.136

    0.780.134

    0.790.131

    0.80.128

    0.810.125

    0.820.121

    0.830.117

    0.840.113

    0.850.108

    0.860.104

    0.870.098

    0.880.093

    0.890.087

    0.90.081

    0.910.075

    0.920.068

    0.930.061

    0.940.053

    0.950.045

    0.960.037

    0.970.028

    0.980.019

    0.990.010

  • Cash flows from a typical infrastructure project can be bad for the cash deficit, good for solvency

    Draft

    Chart1

    0

    0.000099

    0.000392

    0.000873

    0.001536

    0.002375

    0.003384

    0.004557

    0.005888

    0.007371

    0.009

    0.010769

    0.012672

    0.014703

    0.016856

    0.019125

    0.021504

    0.023987

    0.026568

    0.029241

    0.032

    0.034839

    0.037752

    0.040733

    0.043776

    0.046875

    0.050024

    0.053217

    0.056448

    0.059711

    0.063

    0.066309

    0.069632

    0.072963

    0.076296

    0.079625

    0.082944

    0.086247

    0.089528

    0.092781

    0.096

    0.099179

    0.102312

    0.105393

    0.108416

    0.111375

    0.114264

    0.117077

    0.119808

    0.122451

    0.125

    0.127449

    0.129792

    0.132023

    0.134136

    0.136125

    0.137984

    0.139707

    0.141288

    0.142721

    0.144

    0.145119

    0.146072

    0.146853

    0.147456

    0.147875

    0.148104

    0.148137

    0.147968

    0.147591

    0.147

    0.146189

    0.145152

    0.143883

    0.142376

    0.140625

    0.138624

    0.136367

    0.133848

    0.131061

    0.128

    0.124659

    0.121032

    0.117113

    0.112896

    0.108375

    0.103544

    0.098397

    0.092928

    0.087131

    0.081

    0.074529

    0.067712

    0.060543

    0.053016

    0.045125

    0.036864

    0.028227

    0.019208

    0.009801

    `

    Feasible investment

    Tariff

    Fiscally possible investment

    Chart2

    -30

    -50

    -10

    10

    10.4

    10.816

    11.24864

    11.6985856

    12.166529024

    12.653190185

    13.1593177924

    13.6856905041

    14.2331181242

    14.8024428492

    15.3945405632

    16.0103221857

    16.6507350731

    17.316764476

    18.0094350551

    18.7298124573

    19.4790049556

    Cash flow

    Year

    Cash flow

    DCF

    NPV at dr3.83

    dr0.1

    g0.04

    Year

    Cash flowPV

    0-30.00-30.00

    1-50.00-45.45

    2-10.00-8.26

    310.007.51

    410.407.10

    510.826.72

    611.256.35

    711.706.00

    812.175.68

    912.655.37

    1013.165.07

    1113.694.80

    1214.234.54

    1314.804.29

    1415.394.05

    1516.013.83

    1616.653.62

    1717.323.43

    1818.013.24

    1918.733.06

    2019.482.90

    Trade off

    alpha1

    beta1

    Feasible investment

    00.000

    0.010.000

    0.020.000

    0.030.001

    0.040.002

    0.050.002

    0.060.003

    0.070.005

    0.080.006

    0.090.007

    0.10.009

    0.110.011

    0.120.013

    0.130.015

    0.140.017

    0.150.019

    0.160.022

    0.170.024

    0.180.027

    0.190.029

    0.20.032

    0.210.035

    0.220.038

    0.230.041

    0.240.044

    0.250.047

    0.260.050

    0.270.053

    0.280.056

    0.290.060

    0.30.063

    0.310.066

    0.320.070

    0.330.073

    0.340.076

    0.350.080

    0.360.083

    0.370.086

    0.380.090

    0.390.093

    0.40.096

    0.410.099

    0.420.102

    0.430.105

    0.440.108

    0.450.111

    0.460.114

    0.470.117

    0.480.120

    0.490.122

    0.50.125

    0.510.127

    0.520.130

    0.530.132

    0.540.134

    0.550.136

    0.560.138

    0.570.140

    0.580.141

    0.590.143

    0.60.144

    0.610.145

    0.620.146

    0.630.147

    0.640.147

    0.650.148

    0.660.148

    0.670.148

    0.680.148

    0.690.148

    0.70.147

    0.710.146

    0.720.145

    0.730.144

    0.740.142

    0.750.141

    0.760.139

    0.770.136

    0.780.134

    0.790.131

    0.80.128

    0.810.125

    0.820.121

    0.830.117

    0.840.113

    0.850.108

    0.860.104

    0.870.098

    0.880.093

    0.890.087

    0.90.081

    0.910.075

    0.920.068

    0.930.061

    0.940.053

    0.950.045

    0.960.037

    0.970.028

    0.980.019

    0.990.010

  • Public investment in infrastructure has declined in Latin America as percentage of GDP

    Draft

    Readme

    Using data from: Infrastructure Investment.xls

    Pato, lo ltimo que necesito son 2 grficos de inversin / GDP parecidos a los que metimos en el papel.

    Deben representar la media de los 7 pases que tenemos. Hagamos 2 versiones: ponderada y sin ponderar.

    (1) Inversin total / GDP, total y por sector:sin ponderar por GDPFig 1

    ponderada por GDPFig 2

    (2) Inversin pblica / GDP, total y por sector:sin ponderar por GDPFig 3

    ponderada por GDPFig 4

    Total 4 figures

    4 sectores:roads and rails

    power

    water

    telecommunications

    7 paises :ARG

    BOL

    BRA

    CHL

    COL

    MEX

    PER

    GDP

    GDP

    gdp_usd_m

    yearARGBOLBRACHLCOLMEXPERTOTALARG (ratio)BOL (ratio)BRA (ratio)CHL (ratio)COL (ratio)MEX (ratio)PER (ratio)CHECK

    1980769622781.4235020275723340019436020658590753.40.130.000.400.050.060.330.031.00

    1981786772889.2263560326453638825008024968689207.20.110.000.380.050.050.360.041.00

    1982843072983.3281680243403896917372024816630815.30.130.000.450.040.060.280.041.00

    19831039802672.3203300197713873214887019130536455.30.190.000.380.040.070.280.041.00

    1984790922709.5209020192333825217563019846543782.50.150.000.380.040.070.320.041.00

    1985896623122.7222940164863489518447018838570413.70.160.010.390.030.060.320.031.00

    19861015303959.4268140177233494312944017977573712.40.180.010.470.030.060.230.031.00

    198710937043482940802069436373140260239056290300.170.010.470.030.060.220.041.00

    19881270504597.6329910241543921318314012376720440.60.180.010.460.030.050.250.021.00

    19897662847164487602754739540222980205778407480.090.010.530.030.050.270.021.00

    19901413504867.6464990303234027426271026294970808.60.150.010.480.030.040.270.031.00

    19911897105343.34077303465041240314450238041016927.30.190.010.400.030.040.310.021.00

    19922287805643.93905704188249214363610360841115783.90.210.010.350.040.040.330.031.00

    19932367505734.74383004447455798403200348351219091.70.190.000.360.040.050.330.031.00

    19942577005981.25462305091981709420780449101408229.20.180.000.390.040.060.300.031.00

    19952581006715.27041706521692506286170536361466513.20.180.000.480.040.060.200.041.00

    19962722407396.97749306856897146332340558141608434.90.170.000.480.040.060.210.031.00

    19972930107925.780775075286106670400870591261750637.70.170.000.460.040.060.230.031.00

    19982991008497.57877407306398811421010568311745052.50.170.000.450.040.060.240.031.00

    19992836608285.15366307304684847480490515971518555.10.190.010.350.050.060.320.031.00

    20002843508355.76017307551583220580750534661687386.70.170.000.360.040.050.340.031.00

    20012688307969.35089906645082411623890542181612758.30.170.000.320.040.050.390.031.00

    MORE Data on inv

    Simple AverageSimple Average

    TOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATE

    TOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATEGDPTOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATEinv_road_tgdpinv_road_ugdpinv_road_rgdpinv_rail_tgdpinv_rail_ugdpinv_rail_rgdpinv_roadrail_tgdpinv_roadrail_ugdpinv_roadrail_rgdpinv_power_tgdpinv_power_ugdpinv_power_rgdpinv_gas_tgdpinv_gas_ugdpinv_gas_rgdpinv_water_tgdpinv_water_ugdpinv_water_rgdpinv_telcom_tgdpinv_telcom_ugdpinv_telcom_rgdpinv_total_tgdpinv_total_ugdpinv_total_rgdp

    cnumccodecnameyearinv_road_tinv_road_uinv_road_rinv_rail_tinv_rail_uinv_rail_rinv_roadrail_tinv_roadrail_uinv_roadrail_rinv_power_tinv_power_uinv_power_rinv_gas_tinv_gas_uinv_gas_rinv_water_tinv_water_uinv_water_rinv_telcom_tinv_telcom_uinv_telcom_rinv_total_tinv_total_uinv_total_rgdp_usd_minv_road_tgdpinv_road_ugdpinv_road_rgdpinv_rail_tgdpinv_rail_ugdpinv_rail_rgdpinv_roadrail_tgdpinv_roadrail_ugdpinv_roadrail_rgdpinv_power_tgdpinv_power_ugdpinv_power_rgdpinv_gas_tgdpinv_gas_ugdpinv_gas_rgdpinv_water_tgdpinv_water_ugdpinv_water_rgdpinv_telcom_tgdpinv_telcom_ugdpinv_telcom_rgdpinv_total_tgdpinv_total_ugdpinv_total_rgdpYearRoadsRoadsRoadsRailRailRailRoads plus RailsRoads plus RailsRoads plus RailsPowerPowerPowerGasGasGasWaterWaterWaterTelecommunicationsTelecommunicationsTelecommunicationsTotalTotalTotal

    1ARGArgentina1980483.2483.202212210704.2704.201273.21273.2096.296.20125.5125.50360.2360.202559.22559.20769620.62784231180.627842311800.28715469970.287154699700.91499701150.914997011501.65432291261.654322912600.12499675160.124996751600.16306748790.163067487900.46802318030.468023180303.32527740963.3252774096019800.69770324130.66350071210.03413337580.52166180930.40154210210.12011970721.21936505071.06504281420.15425308311.53003261571.50529585920.02473675650000.15960643530.15189212640.00771430880.54309614140.49684799730.04625422263.46940444053.23644606950.2334719869

    1ARGArgentina1981430.1430.10187.7187.70617.8617.801402.91402.9080.680.6093.193.10402.4402.402596.82596.80786770.54666548040.546665480400.23857035730.238570357300.78523583770.785235837701.78311323511.783113235100.10244417050.102444170500.1183319140.11833191400.51145824070.511458240703.30058339793.3005833979019810.75288085180.72089736910.03198348270.56810675110.46930910.09879765111.32098760291.19020646920.13078113381.50500224971.48783427390.01716797580000.20318130870.19994474570.0032365630.44754278950.38559723590.06194555373.49134883243.27772315390.2131884423

    1ARGArgentina19823403400218.2218.20558.2558.201440.51440.5068.868.80105.9105.90242.3242.302415.62415.60843070.40328798320.403287983200.25881599390.258815993900.66210397710.662103977101.70863629351.708636293500.08160650950.081606509500.12561234540.125612345400.28740199510.287401995102.86524250662.8652425066019820.66375488080.6337003190.02999699520.55822051960.48054230790.07815706781.22197540041.11424262690.1081540631.67082151041.65190389010.01891762030000.21735057730.21470511150.00264546580.38455717350.31684739050.06770471143.50679866663.3089605880.1978956451

    1ARGArgentina19833673670304304067167101475.31475.30101.9101.9092.692.60247.5247.502588.32588.301039800.35295249090.352952490900.29236391610.292363916100.6453164070.64531640701.41883054431.418830544300.09799961530.097999615300.08905558760.089055587600.23802654360.238026543602.48922869782.4892286978019830.6127032210.58752003470.02518318630.44516223110.37414981640.07101241471.05786545210.9616698510.09619560111.74932250121.7326419170.01668058420000.19855417810.19612897590.00235052510.54400882350.4178752930.12613353043.5632163153.32239065910.2407439519

    1ARGArgentina1984472.3472.3053053001002.31002.301255.81255.80104.8104.80113.1113.10192.6192.602668.62668.60790920.5971526830.59715268300.67010569970.670105699701.26725838261.267258382601.58777120321.587771203200.13250391950.132503919500.14299802760.142998027600.24351388260.243513882603.37404541553.3740454155019840.76507836150.72207129810.04300706330.49478476570.42400029860.0707844671.25986312711.14607159680.11379153041.71574296741.6865451550.02919781250000.23051805860.22881572220.00170233640.39847883460.29491269190.10356614273.62405936453.3757947080.2482646565

    1ARGArgentina1985452.3452.30217.1217.10669.4669.401150.41150.4050.150.101051050182.6182.602157.52157.50896620.50445004570.504450045700.24213156080.242131560800.74658160650.746581606501.28304075311.283040753100.0558765140.05587651400.11710646650.117106466500.20365372180.203653721802.40625906182.4062590618019850.72680052490.68127186540.04552865940.34739647260.30589128330.04150518931.07419699750.98716314880.08703384871.79362231071.76479039950.02882550330000.21679819710.2148190820.00152163560.44226653090.36912748350.07314545523.53444985493.34384757750.1905264429

    1ARGArgentina1986544.2544.20235.8235.8078078001426.81426.8062.662.60135.6135.60337.8337.802742.92742.901015300.53599921210.535999212100.23224662660.232246626600.76824583870.768245838701.40529892641.405298926400.06165665320.061656653200.13355658430.133556584300.3327095440.33270954402.70156603962.7015660396019860.62090412150.59139846240.02950565910.3584723420.33146576680.02736738020.97937646350.92286422930.05687303931.42368560481.39364267720.03004292760000.21782050210.21450020070.00332030140.52097224910.47085092940.05012664743.15059521743.01023762950.1403629157

    1ARGArgentina1987591.9591.90229.2229.20821.1821.102207.52207.50524.5524.50131.7131.7072772704411.74411.701093700.54119045440.541190454400.20956386580.209563865800.75075432020.750754320202.0183779832.01837798300.47956478010.479564780100.12041693330.120416933300.66471610130.664716101304.03373868524.0337386852019870.56640185050.54421309030.02218876010.29355734560.2845534750.0090636310.8599591960.82876656530.03125239111.57180429541.5407998010.03094473410000.21373832520.20298517120.01069339360.5804439360.5122017140.06824222193.29455025383.15335775270.1408041825

    1ARGArgentina1988573.7573.70212.4212.40786.1786.101734.51734.50189.5189.50124.1124.101627.11627.104461.34461.301270500.45155450610.451554506100.16717827630.167178276300.61873278240.618732782401.3652105471.36521054700.14915387640.149153876400.09767807950.097678079501.28067689891.280676898903.51145218423.5114521842019880.55917945430.52102302070.03815643360.30067014460.2272609230.07340922160.8598495990.74828394380.11156565521.46004863151.41345962540.04658900610000.23702233490.22495721660.01194968760.570432980.42180742310.14862555693.14853801082.83023425690.3184191847

    1ARGArgentina1989401.1401.10214.4214.40615.5615.50692.8692.8066.966.9078.478.40601.8601.802055.32055.30766280.52343790780.523437907800.2797932870.27979328700.80323119490.803231194900.90410815890.904108158900.08730490160.087304901600.10231247060.102312470600.78535261260.785352612602.6821788382.682178838019890.53478402580.50081384890.03397017690.23233529150.17985934080.05247595070.76711931730.68067318970.08644612761.16041521920.92030569430.24010952480000.21936680210.20175945240.01760734970.44665342060.31030165460.1363517662.60597211522.12545734710.4805147681

    1ARGArgentina19902392390158.9158.90397.9397.90745.9745.9067.867.8084.184.1072372302018.72018.701413500.16908383450.169083834500.11241598870.112415988700.28149982310.281499823100.52769720550.527697205500.04796604170.047966041700.05949770070.059497700700.51149628580.511496285801.4281570571.428157057019900.48589920560.4187407430.06715846250.16057086060.10163734730.05893351330.64647006620.52037809030.12609197591.07844149850.78794991250.29054591670000.20148828820.17646633320.0250219550.58761463310.31277906950.27483556362.52096278251.80447044350.7164954113

    1ARGArgentina1991262154108188.5130.957.6450.5284.9165.6777777042.642.6096.986.410.5385.60385.61752.61190.9561.71897100.13810552950.08117653260.05692899690.09936218440.06900005270.03036213170.23746771390.15017658530.08729112860.40957250540.409572505400.02245532660.022455326600.05107796110.04554319750.00553476360.203257603700.20325760370.92383111060.62774761480.296083495919910.59359161550.48591945250.1076721630.12064926950.06282721350.05749468460.7142408850.5487466660.16516684751.02946184050.78137587960.24814597490000.19478720310.17491600250.01993121450.57819547860.21195107580.36624440282.5198774561.72037023090.7994884398

    1ARGArgentina1992337.6222.1115.5355.7215.9139.8693.3438255.31529.71529.702052050141127.713.31292.801292.83861.82300.41561.42287800.14756534660.09708016440.05048518230.15547687730.09437013720.06110674010.3030422240.19145030160.11159192240.66863362180.668633621800.08960573480.089605734800.06163126150.05581781620.00581344520.565084360500.56508436051.68799720261.00550747440.682489728119920.69214916430.56540711670.12674204760.14596440040.07089307790.07507132250.83811356470.63630019470.20181337011.29603685941.0244913130.27154554640000.24529873790.17618875280.06910998510.76178680870.25458925760.50719755113.15426480882.10434523841.0496664527

    1ARGArgentina1993474.3322.7151.6379.2158.7220.5853.5481.4372.11739.2173.91565.3567.1349.1218458356.5101.52036.802036.85654.61360.94293.62367500.20033790920.13630411830.06403379090.16016895460.0670327350.09313621960.36050686380.20333685320.15717001060.73461457230.07345300950.66116156280.23953537490.14745512140.09208025340.19345300950.15058078140.04287222810.860316789900.86031678992.38842661030.57482576561.813558606119930.73055537770.57635109930.15416326880.14671515070.06518018290.08153496790.87727052850.64153128220.23569823671.16143945030.61131127090.5501537820000.28394229450.17159803480.11234425970.92531864760.26620654220.65911536473.2819735551.71150107111.5704343284

    1ARGArgentina1994623.6428195.6404.335.9368.51027.9463.9564.11502138.31363.7666.711.76553802371432237.202237.25813.8850.94962.92577000.24198680640.16608459450.07590221190.15688785410.01393092740.14299573150.39887466050.18001552190.21889794330.58284827320.05366705470.52918121850.25871168020.0045401630.25417151730.14745828480.0919674040.05549088090.868141249500.86814124952.25603414820.33019014361.925844004719940.87988017050.69323590430.18667607580.20543967180.05753633150.14790888391.08531984230.75077223570.33458495981.26664963560.56156025530.70508938020000.23230412330.14874275010.08356137330.8664095540.19562450310.67077904053.4876711611.65707768571.8305616656

    1ARGArgentina1995631436.5194.443152.3378.71062488.8573.11104.61011003.6923.80923.8338892492044020445472.3678.84793.52581000.24447888420.16912049590.07531964350.16698953890.02026346380.14672607520.41146842310.18938395970.22204571870.42797365360.03913211930.38884153430.357923285500.35792328550.13095699340.03448275860.09647423480.791941108100.79194110812.12022471910.26299883771.857225881419950.71609314020.61950634320.0965812620.16692958750.08575385860.0811757290.88302272770.70526020170.1777569911.13527411170.46051648320.67475762850000.24029538850.1398794560.10041593251.06516922370.16699197560.89817724813.37487736361.47264811661.902011518

    1ARGArgentina1996527.4338.1189.3414.938.4376.5942.3376.5565.8969.6100869.6535.80535.8338.5128.52101710017104496.26053891.22722400.1937261240.12419188950.06953423450.15240229210.01410520130.13829709080.34612841610.13829709080.20783132530.35615633260.0367322950.31942403760.196811636800.19681163680.12433881870.04720099910.07713781960.628122245100.62812224511.65155744930.2222303851.429327064419960.78389302770.63852793890.14537597860.17908831010.10635920330.07272910680.96298133780.74488714230.21810508541.51183787690.54045456090.97139802150000.28939567220.11980383560.16959183661.1862103380.1347562081.05145412993.97873860271.53988521092.4388325574

    1ARGArgentina1997724.1513211.1334.630.9303.71058.7543.9514.81089.9113976.9449.60449.6386.788.4298.31287012874271.9745.33526.62930100.24712467150.17507934880.07204532270.11419405480.01054571520.10364833960.36131872630.1856250640.17569366230.37196682710.03856523670.33340159040.153441862100.15344186210.13197501790.03016961880.10180539910.439234155800.43923415581.45793658920.25435991951.203576669719970.73371969810.54582963810.18789005990.16548557410.11734502610.04814054810.89920527220.66317466420.2360306081.47915377550.59162165080.88753212470000.32520469520.16389000910.16131468611.21759743580.17962642361.03797101213.94326525381.59830112382.3449605662

    1ARGArgentina1998779.2478.6300.6270.124.9245.21049.3503.5545.8138096.21283.8361.60361.6236.286.21501547015474574.1685.93888.22991000.2605148780.16001337350.10050150450.09030424610.00832497490.08197927110.3508191240.16833834840.18248077570.46138415250.03216315610.42922099630.120896021400.12089602140.07897024410.02881979270.05015045140.517218321600.51721832161.52928786360.22932129721.299966566419980.83485146640.49158018030.34326060650.10497547350.06628171260.03869376090.93982693990.55786189290.38195436741.49052367450.55972283890.93081529320000.37156240580.20367581780.1678865881.27486372130.18720550621.08764715074.0940816121.50833923582.585738983

    1ARGArgentina1999814.7504.7310.1286.326.32601101531570.11043.383.3960270.50270.5241.573.7167.81653016534309.3687.93621.42836600.28721004020.17792427550.10932101810.10093069170.00927166330.09165902840.38814073190.18719593880.20098004650.36779947820.02936614260.33843333570.09536064300.0953606430.0851371360.02598180920.05915532680.582739899900.58273989991.5191778890.24250863711.276669251919990.80227168370.47033992330.33210922320.12477013180.08240477590.04236535590.92704181550.55274469920.37447457911.49715028410.44889544191.04825750440000.25098778040.13898570630.11200207411.18617744990.18849134360.99768610633.87498591431.32908446772.5459014466

    1ARGArgentina2000578.2358.1220.1207.719188.7785.9377.1408.81122.4101.11021.3164.80164.8181.479.2102.21904019044158.5557.43601.12843500.20334095310.12593634610.0774046070.07304378410.00668190610.0663618780.27638473710.13261825220.1437664850.3947248110.0355547740.35917003690.057956743400.05795674340.06379461930.02785299810.03594162120.669597327200.66959732721.46245823810.19602602431.266432213820000.81308499980.43987472610.37319310760.13371480410.09276040880.04093013590.9467998040.53263513490.41412324351.12064077170.42512986260.69551090910000.33478585180.20210912550.1326956441.32499995170.19430012041.08929494933.73567934351.35419140962.3398853629

    1ARGArgentina2001435.3226.7208.6144.612.4132.2579.9239.1340.81146.297.61048.6170.20170.2190.379.7110.686908692955.6416.42539.22688300.16192389240.0843283860.07759550650.05378863970.00461258040.04917605920.21571253210.08894096640.12677156570.4263661050.03630547190.39006063310.063311386400.06331138640.07078823050.02964698880.04114124170.323252613200.32325261321.09943086710.15489342710.9445374420010.92449299680.51117698140.4133423640.14551298470.10493208090.04055455521.07000598150.61610906230.45389691921.03354392810.4399006830.59364324510000.419045540.25777972850.16126581151.20318245550.10229142660.99907831923.73464593631.41607861062.2169142508

    2BOLBolivia198058.553.74.834.22410.292.777.71556.652.34.32.81.51.336.835.71.1188.8167.121.82781.42.10325735241.93068239020.17257496221.2295966060.86287481120.36672179483.33285395842.79355720140.5392967572.03494642991.88034802620.15459840370000.1006687280.05392967570.04673905231.32307471061.28352628170.03954842886.78794851516.00776587330.7837779535

    2BOLBolivia198156.351.94.433.422.311.189.774.215.53734.22.87.87.40.42317.45.6157.5133.124.32889.21.94863630071.7963450090.15229129171.15602935070.77183995570.3841893953.10466565142.56818496470.53648068671.28063131661.18371867650.09691264020000.26997092620.25612626330.01384466290.79606811570.60224283540.19382528045.451336014.60681157410.8410632701

    2BOLBolivia198257.853.34.530.220.49.98873.714.444.240.93.37.26.90.317.410.37.1156.9131.725.22983.31.93745181511.78661214090.15083967421.01230181340.6838065230.33184728322.94975362852.47041866390.48268695741.48158079981.37096503870.11061576110000.24134347870.23128750040.01005597830.58324674020.34525525420.23799148595.259276644.41457446450.8447021754Weighted AverageWeighted Average

    2BOLBolivia198341.237.63.615.211.33.956.448.97.537.134.32.84.44.10.340.930.410.5138.7117.7212672.31.54174306781.40702765410.13471541370.56879841340.42285671520.14594169822.11054148111.82988436930.28065711191.388317181.28353852490.10477865510000.16465217230.15342588780.01122628451.53051678331.13759682670.39291995665.19028552184.40444560870.7858399132inv_road_tgdpinv_road_ugdpinv_road_rgdpinv_rail_tgdpinv_rail_ugdpinv_rail_rgdpinv_roadrail_tgdpinv_roadrail_ugdpinv_roadrail_rgdpinv_power_tgdpinv_power_ugdpinv_power_rgdpinv_gas_tgdpinv_gas_ugdpinv_gas_rgdpinv_water_tgdpinv_water_ugdpinv_water_rgdpinv_telcom_tgdpinv_telcom_ugdpinv_telcom_rgdpinv_total_tgdpinv_total_ugdpinv_total_rgdp

    2BOLBolivia19846457.16.911.39.61.775.366.78.669.864.55.36.36.10.215.28.86.4166.7146.220.52709.52.36205942062.10739988930.25465953130.41705111640.35430891310.06274220342.7791105372.46170880240.31740173462.57612105552.38051300980.19560804580000.23251522420.22513378850.00738143570.56098911240.32478317030.23620594216.1524266475.39582948880.7565971581YearRoadsRoadsRoadsRailRailRailRoads plus RailsRoads plus RailsRoads plus RailsPowerPowerPowerGasGasGasWaterWaterWaterTelecommunicationsTelecommunicationsTelecommunicationsTotalTotalTotal

    2BOLBolivia198572.2648.28.67.70.980.871.79.181.575.565.350.217.416.41184.9168.616.33122.72.31210170692.04950843820.26259326860.27540269640.2465814840.02882121242.58750440322.29608992220.29141448112.60992090182.41777948570.19214141610000.16972491750.16011784670.00640471390.55721010660.52518653730.03202356935.92115797235.39917379190.521984180419800.29800928780.27710377970.02088858060.74963597330.56473648730.1848994861.04764526110.8418402670.20578806661.62793815491.62456957510.00336857990000.22681206740.22633809640.0004739710.39073833510.2774931130.11326214973.30940118162.98650841450.3229096946

    2BOLBolivia19866357.35.715.111.83.478.169.19.136.8297.84.53.80.730.527.53149.9129.320.63959.41.59115017431.4471889680.14396120620.38137091480.29802495330.08587159671.97252108911.74521392130.22983280290.92943375260.73243420720.19699954540000.11365358390.09597413750.01767944640.77031873520.69454967920.07576905593.78592716073.265646310.520280850619810.30030156390.27949504880.02080651510.85202243970.73826854970.113753891.15232400361.01776359850.13456040511.66684271441.66280909430.00403362010000.26473896380.26436171880.0003772450.42296424070.33045214850.09251209223.51856451883.2870666470.2314978718

    2BOLBolivia198768.1635.115.5150.583.6785.642.133.193.90.9325.622.63155.2134.620.543481.56623735051.44894204230.11729530820.35648574060.34498620060.011499541.92272309111.79392824290.12879484820.96826126950.76126954920.20699172030000.08969641210.0206991720.06899724010.58877644890.51977920880.06899724013.56945722173.0956761730.471481140819820.27161674740.2523559590.01924493590.74327620140.65085612220.09243593171.01489294890.90321208130.11168086761.96716851991.96265055710.00451796270000.25677880670.25639834670.000380460.44501140030.33851430050.10648124743.69474234383.47169765860.2230605377

    2BOLBolivia198874.6659.629227103.68716.646.132.11410.36.93.421.316.35181.3142.438.94597.61.62258569691.41378110320.20880459370.63076387680.47851052720.15225334962.25334957371.89229163040.36105794331.00269705930.69819036020.30450669910000.22402992870.15007830170.07395162690.46328519230.35453279970.10875239263.9433617543.09726813990.846093614119830.3192251060.30710853260.01211657340.71551161860.58422388590.13128773261.03473672460.89133241860.1434043061.64841320421.6463999890.00201321530000.23073683870.23047586630.00024233150.47539841620.28774065610.18765776013.40826160173.07496262970.3332616902

    2BOLBolivia198972.3684.334.61915.6106.98719.954.530.823.710.65.25.415.77.78187.7130.75747161.53307888041.44189991520.09117896520.73367260390.40288379980.33078880412.26675148431.8447837150.42196776931.15564037320.65309584390.50254452930000.22476675150.11026293470.11450381680.33290924510.1632739610.16963528413.98006785412.77141645461.208651399519840.30504843390.28945396370.01559447020.87170881740.70680832870.16490048871.17675725130.99626229240.18049495891.39024334181.38834920210.00189413970000.2064612230.20625893620.00020228680.47802200330.28897583130.1890461723.27077462042.89911867340.371655947

    2BOLBolivia19907061.38.715.687.685.669.316.361.833.128.7123.98.144.429.415203.8135.768.14867.61.43808036811.25934752240.17873284580.3204864820.16435204210.156134441.75856685021.42369956450.33486728571.2696195250.68000657410.58961295090000.24652806310.08012162050.16640644260.91215383350.60399375460.30816007894.18686827182.78782151371.399046758219850.24836360.228606010.019757590.66509622750.56416947910.10092674840.91345982750.79277548910.12068433841.43758819261.43522148920.00234917220000.22843069860.22823785610.00017531140.45808857680.2703301130.18777599493.04635039452.73534804650.3109848168

    2BOLBolivia199193.577.51614.110.23.8107.687.719.8110.965.745.2136.26.839930270.5168.7101.85343.31.74985495851.45041453780.29944042070.26388187080.19089326820.07111709992.01373682931.6413078060.37055752062.07549641611.22957722760.84591918850000.24329534180.1160331630.12726217880.72988602550.16843523670.56145078885.06241461273.15722493591.905189676819860.30536205950.28094215850.0244199010.48306433680.4352703550.04781141210.78842639620.71621251340.07223131311.4494370351.44574180370.00369523130000.22148728180.22119096610.00029631570.52806946480.39898039510.12910650012.99831413792.79300220810.2053293601

    2BOLBolivia1992135.8112.922.921.413.77.7157.2126.630.6133.681.252.4325.426.661.617.644384.5230.8153.65643.92.40613759992.00038980140.40574779850.37917043180.24273994930.13643048252.78530803172.24312975070.5421782812.3671574621.43872145150.92843601060000.56698382320.09567852020.47130530311.09144385970.31184110280.7796027576.81266500124.08937082512.721522351619870.25478911980.24230958780.0124795320.4327456560.41055275580.02220879770.68753477580.65286234360.03468832971.91529815751.91348584330.00179641670000.24033829870.23962291150.00069948970.63769613530.44614724260.19154889273.56426561533.3355165890.2287172313

    2BOLBolivia1993140.8113.227.619.814.65.2160.6127.832.8169.139130.1345.128.91073770470.6208.8261.85734.72.45522869551.97394807050.4812806250.34526653530.25459047550.09067605982.80049523082.2285385460.57195668472.94871571310.68007044832.26864526480000.59288192930.08893228940.50394963991.86583430690.64519504071.22063926628.20618340983.64099255414.565190855719880.23069216250.21299465910.01769750340.47418204920.31082368210.16335836710.70487421170.52381834120.18105587051.64432709651.63960776220.00471933430000.25991039370.25925801520.00063849820.76594794910.51399102160.25195692753.40133523852.96299236880.43835675

    2BOLBolivia1994161.8136.625.229.414.714.7191.2151.339.9189.235.2154364.931.197.27.290513.6198.5315.15981.22.70514278072.28382264430.42132013640.49154015920.24577007960.24577007963.19668293992.52959272390.6670902163.16324483380.58851066682.57473416710000.60188590920.08192335990.51996254931.62509195480.12037718181.5047147738.58690563773.3187320275.268173610619890.17673547840.14039878770.03633669070.19576615110.1771279860.01863816510.37250162950.31752677380.05497485571.23952718291.19673195770.04279522520000.18275392860.18189754840.00085638030.58076855370.313494650.26727390372.38348470652.01758434160.3659003649

    2BOLBolivia1995146.6139.673521.713.3181.6161.320.3236.145.119145.8837.8140.65.4135.2604.1219.8384.26715.22.18310698122.07886585660.10424112460.52120562310.32314748630.19805813682.70431260422.40201334290.30229926143.51590421730.67161067432.8442935430000.68203478680.11913271380.56290207292.09375744580.08041458182.0133428648.99600905413.27317131285.721348582319900.20410820420.12098162290.08312658130.18807002740.11642871730.07164131010.39217823160.23741034020.15476789141.12465011131.07164275220.05301765970000.21078305240.20971178050.00107127190.52356355310.35437469340.16918885972.2581691181.88013373590.3780456827

    2BOLBolivia1996161.8155.16.749.738.311.4211.5193.418.125730.4226.684.17.776.42180.3217.7770.7231.8538.97396.92.18740283092.09682434530.09057848560.67190309450.51778447730.15411861732.85930592552.61460882260.24469710283.47442847680.41098297943.06344549740001.13696278170.10409766251.03286511922.94718057560.00405575312.943124822610.41922967733.13374521767.285484459719910.37722460590.2375686050.1396560010.14473994360.04476229520.09995798130.52196454950.28233090020.23961398221.00772198760.97036435150.03736746960000.17626628770.17441758130.00185853990.59671915580.22801039960.36870875632.30685123711.6593024890.6475487481

    2BOLBolivia1997130.2119.510.758.552.26.3188.7171.71715018.6131.479.27.371.92250.1224.9643197.7445.37925.71.64275710661.50775325840.13500384820.73810515160.65861690450.07948824712.38086225822.16637016290.21449209531.89257731180.23467958671.65789772510000.99928082060.09210542920.90717539142.83886596770.00126171822.83760424958.11284807652.49441689695.618431179619920.38286087480.23169361020.15116726460.16694989060.04646957180.12048031880.54981076530.2781631820.27164758340.99435025010.95098163720.04336861290000.15810409170.1543130350.00379105670.85382124620.29496751120.5588537352.57446804891.69679809860.8776609879

    2BOLBolivia1998179.5123.655.932.829.13.7212.3152.759.6162.315.1147.296.48.887.61910.1190.9662176.6485.48497.52.11238599591.45454545450.65784054130.38599588110.34245366280.04354221832.4983818771.79699911740.70138275961.90997352160.17769932331.73227419830001.13445130920.10355987061.03089143872.24771991760.00117681672.24654310097.79052662552.07825831135.712268314219930.41384089480.22810425170.18572844030.17749280060.0309246630.14656813760.59133369540.25902891470.33229657790.84670414870.67319792270.17351442880000.19626907480.17449056540.02177850940.79742155570.17933023410.61809952442.478263121.31469191371.1635548007

    2BOLBolivia1999184.2127.556.836.732.64.1220.9160.160.9247.911.8236.160.35.554.81400.1139.9669.1177.5491.68285.12.22326827681.53890719480.6855680680.44296387490.39347744750.04948642742.66623215171.93238464230.73505449542.99211838120.14242435222.8496940290000.72781257920.06638423190.66142834731.68978044920.0012069861.68857346328.07594356132.14240021245.933543348919940.50628122180.26204541140.24424291160.2521748590.02137436150.23080759860.75845608090.28341977290.47505051020.73473124970.5500098990.18472135080000.14371240140.12863673040.01507567090.77120258550.18060980410.59057857912.4554454631.14349283481.311945527

    2BOLBolivia2000200.2139.760.547.4425.4247.6181.765.9124.913.3111.677.8869.81730.1172.9623.4203.1420.28355.72.39596921861.67191258660.7240566320.56727742740.5026508850.06462654242.9632466462.17456347160.78868317441.4947879890.15917278031.33561520880000.93110092510.09574302570.83535789942.07044293120.00119678782.06924614347.46077527922.43067606545.028902425919950.27377182830.18579444090.08797056860.11283226090.02984630480.08298595610.38660408920.21564074570.17095652460.59235061780.43016319250.16218742520000.13913955910.1050723580.0340672010.67618211690.14410371490.5320784021.8572625190.89498001110.9622688701

    2BOLBolivia20012231606347.442.15.3270.4202.168.375.915.660.394.612.182.5161.80161.7602.6229.8372.87969.32.79823823922.00770456630.7905336730.59478247780.5282772640.06650521383.3930207172.53598183030.85703888670.95240485360.19575119520.75665365840001.18705532480.15183265781.0352226672.030291242602.02903642737.56151732272.88356568334.677951639419960.31790531280.1813315540.13657375880.09526030550.02360058220.07165972340.41316561830.20493213620.20823348210.74965421350.47411306480.2755473660000.15747606570.13276881770.0247072480.7395885280.16101366610.57857486182.0932087460.97282768491.1203748439

    3BRABrazil1980536421115195988010792495130111946378.36365.412.9841.2841.201154.4486.5668108698994.11874.92350200.22806569650.17913369070.04893200580.83354608120.37443621820.4591098631.06161177770.55356990890.50804186882.71393923922.70845034470.00548889460000.35792698490.357926984900.4911922390.20700365930.28423112934.62471279043.82695089780.797761892619970.29742304760.17162317480.12579987280.07570384210.01486886750.06083497460.37312688970.18649204230.18663484740.85114127270.49293466030.35820661240000.21984560250.17130329140.04854231120.76939963080.17548462480.59391500592.23920689021.02621461881.2129865591

    3BRABrazil1981592458.2133.81875110676924671564.2902.877327710.821.21193.51193.501595.8963.863212988.311432.315562635600.22461678560.17385035670.05076642890.7114129610.41963879190.29177416910.93602974650.59348914860.3425405982.9336773412.92563363180.00804370920000.45283806340.452838063400.60547882840.3656852330.23979359544.92802397944.33764607680.590377902619980.2854412690.14568043080.13976083810.06280613330.00954126020.05326487310.34824740230.1552216910.19302571130.92966257460.50550914660.42415915850000.25417000350.22858911120.02558089231.06598512080.25356257190.81242254892.61879800181.14288252071.4759097506

    3BRABrazil1982435322.9112.1131074057017451062.9682.18542.58520.821.71040.31040.301860.21195.5664.613187.911819.61368.32816800.15443055950.11463362680.03979693270.46506674240.26270945750.20235728490.61949730190.37734308440.24215421763.03269667713.02499289970.00770377730000.36931979550.369319795500.66039477420.4244177790.23594149394.68187304744.19610905990.485763987519990.29482631220.14515113740.14968834520.07968100730.0145862340.06509477330.37450731950.15973737140.21478311850.72304916690.34532826630.37772748580000.19310461640.16878544610.02431917021.00567967540.16511748570.84056218972.31416693410.83895539911.475211535

    3BRABrazil1983438379591345646699178310257584799.84793.56.3604.7604.701660.1663.9996.28847.67087.11760.42033000.21544515490.18642400390.0290211510.66158386620.31775700930.34382685690.87702902120.50418101330.37284800792.36094441712.35784554850.00309886870000.29744220360.297442203600.81657648790.32656173140.49001475654.35199212993.48603049680.865912444720000.25740987530.11188899380.14551495520.07371161570.01178153180.0619300840.3311214910.12367052560.20744503910.58483926650.30469008670.28014917980000.21622192470.19699100390.01923684711.13177376590.183230080.93424939292.27373488250.80858762251.4508411143

    3BRABrazil1984350274.175.914405468941790820.1969.93915.13911.53.6380.1380.101674.2652.61021.67759.45764.21995.22090200.16744809110.13113577650.03631231460.68892928910.26121902210.4277102670.85637738020.39235479860.46402258161.8730743471.87135202370.00172232320000.18184862690.181848626900.80097598320.31221892640.48875705673.71227633722.75772653330.954549803820010.25143879280.1097560620.14168893130.09112958840.02792110880.0632022790.34256838110.13767717080.20489121030.59362273940.31765454250.27596819680000.20977104880.18811870320.02165234550.99802307640.0871302290.87453278032.15453859390.7305744451.3875978812

    3BRABrazil198519794.4102.613107365741507830.4676.64240.94234.76.1608.9608.901649.6579.61070.18006.46253.61752.82229400.08836458240.04234323140.0460213510.58760204540.33013366830.25746837710.67596662780.37247689960.30348972821.90226069791.89947968060.00273616220000.27312281330.273122813300.7399300260.25998026370.47999461743.59128016512.80505965730.7862205078

    3BRABrazil198640126913283256227012338314024527.54515.711.8635.6635.601941.71204.1737.78337.87186.41151.52681400.14954874320.1003207280.04922801520.31028567170.20959200420.10069366750.45983441490.30991273220.14992168271.6884836281.68408294170.00440068620000.23704035210.237040352100.7241366450.4490564630.27511747593.10949503992.6800924890.4294398449

    3BRABrazil19871911217098484613811759672087275.47275.40879.5879.502364.61162.71201.911694.510284.61409.92940800.06494831340.04114526660.02380304680.33460282920.28767682260.04692600650.39955114250.32882208920.07072905332.47395266592.473952665900000.29906828070.299068280700.80406692060.39536860720.40869831343.97663900983.49721164310.4794273667

    3BRABrazil1988205901152189102011692394111012846597.76579.7181155.71155.702970.51260.11710.413117.910105.53012.43299100.06213815890.02728016730.03485799160.66351429180.30917522960.35433906220.72565245070.33645539690.38919705371.99984844351.99439241010.00545603350000.35030765970.350307659700.9003970780.38195265380.51844442423.97620563183.06310812040.9130975114

    3BRABrazil1989172141314683281406404691717775.57762.213.375975903153.6998.42155.212328.19988.62339.54487600.03832783670.03141991260.00690792410.10428736960.07309029330.03119707640.14261520630.10451020590.03810500041.7326633391.72969961670.00296372230000.16913272130.169132721300.70273642930.22247972190.48025670742.74714769592.22582226580.5213254301

    3BRABrazil1990455270185153.79657.7608.7366242.77994.77942.752905.1905.1024001288111211908.510501.91406.74649900.09785156670.05806576490.03978580180.03305447430.02064560530.0124088690.1309060410.07871137010.05219467091.71932729741.70814426120.01118303620000.19464934730.194649347300.5161401320.27699520420.23914492782.56102281772.25852168860.3025226349

    3BRABrazil1991656.6260396.6135.26075.2791.8320471.872147199.614.4615.3615.303145.6995.22150.411766.79130.12636.64077300.16103794180.06376768940.09727025240.03315919850.01471562060.01844357790.19419714030.078483310.11571383021.76930812061.76577637160.0035317490000.15090868960.150908689600.77149093760.24408309420.52740784342.8859048882.23925146540.6466534226

    3BRABrazil1992596.3210386.3230.650180.6826.9260566.96422.26422.20464.2464.204369.818522517.812083.18998.43084.73905700.15267429650.05376757050.09890672610.05904191310.01280180250.04624011060.21171620960.0665693730.14514683671.64431471951.644314719500000.11885193440.118851934401.11882633070.47417876440.64464756643.09370919432.30391479120.7897944031

    3BRABrazil1993585.6318267.625268184837.6386451.65534.55534.50467.6467.603874.21205.52668.8107147593.63120.44383000.13360711840.07255304590.06105407260.05749486650.01551448780.04198037870.19110198490.08806753370.10303445131.26271959841.262719598400000.1066849190.10668491900.88391512660.2750399270.60889801512.44444444441.73251197810.7119324663

    3BRABrazil1994315.630213.6820.796724.71136.3398738.34876.64856.919.7532.5532.504797.31729.53067.711342.67516.93825.75462300.05777785910.05528806550.00248979370.1502480640.01757501420.13267304980.20802592310.07286307970.13516284350.89277410610.88916756680.00360653940000.09748640680.097486406800.87825641210.3166248650.56161323982.07652454091.37614191820.7003826227

    3BRABrazil1995513.6350163.64901273631003.6477526.642644168.895.2838.9688.1150.83858.51305.42553.199656639.33325.77041700.07293693280.04970390670.02323302610.06958546940.01803541760.05155005180.14252240230.06773932430.07478307790.60553559510.59201613250.01351946260000.11913316390.09771788060.02141528320.54795006890.1853813710.36256869791.41514123010.94285470840.4722865217

    3BRABrazil1996997.5349648.5252.586166.5125043581555174887.6629.414431397.645.458001962.13837.9140108682.35327.77749300.12872130390.04503632590.0836849780.03258358820.01109777660.02148581160.16130489210.05613410240.10517078960.71193527160.63071503230.08122023920000.18621036740.18035177370.00585859370.74845469910.2531970630.49525763621.80790523011.12039797140.6875072587

    3BRABrazil19971062.3378684.3388.10388.11450.43781072.46660.25074.215862390.22014.7375.56930.421334797.417431.296007831.28077500.13151346330.04679665740.08471680590.048047044300.04804704430.17956050760.04679665740.13276385020.8245372950.6281894150.19634787990000.29590838750.24942123180.04648715570.85798823890.26406685240.59392138662.1579944291.18848653670.9695078923

    3BRABrazil199862129632526602668872965918271.75582.92688.83052.22919.6132.610598.93586.27012.722809.812384.710425.17877400.07883311750.03757584990.04125726760.033767486700.03376748670.11260060430.03757584990.07502475441.05005458650.70872369060.3413308960000.38746286850.37062990330.01683296521.34548201180.45525173280.8902302792.89560007111.57218117651.3234188946

    3BRABrazil1999392.1187205.1263.20263.2655.3187468.34590.82730.51860.41932.41834.897.66629.81631.24998.613808.46383.57424.95366300.0730671040.03484710140.03822000260.049046829300.04904682930.12211393330.03484710140.08726683190.85548702090.50882358420.34668207140000.36009913720.34191155920.0181875781.23545086930.30397107880.93147979052.57316959541.18955332351.3836162719

    3BRABrazil2000425.5202.3223.2366.90366.9792.4202.3590.14076.12587.114892275.82160.5115.38852.52190.26662.315996.87140.18856.76017300.07071277820.03361972980.03709304840.060974191100.06097419110.13168696920.03361972980.09806723950.67739683910.42994366240.24745317670000.3782094960.3590480780.01916141791.47117477940.36398384661.10719093282.65846808371.18659531681.4718727669

    3BRABrazil2001359.5170.1189.4342.10342.1701.6170.1531.54061.52658.91402.61918.51812.6105.96525.4855.4567013207.154977710.15089900.07063007130.03341912410.03721094720.067211536600.06721153660.13784160790.03341912410.10442248370.79795280850.52238747320.27556533530000.37692292580.35611701610.02080590971.28202911650.16805831161.11397080492.59476610541.0799819251.5147841804

    4CHLChile198021421400002142140252252023.923.901201200609.9609.90275720.77614971710.776149717100000.77614971710.776149717100.91397069490.913970694900000.08668214130.086682141300.43522414040.435224140402.21202669372.21202669370

    4CHLChile198129029000002902900273273033.633.6080800676.6676.60326450.888344310.8883443100000.888344310.8883443100.83626895390.836268953900000.10292540970.102925409700.24506049930.245060499302.07259917292.07259917290

    4CHLChile198219919900001991990315315059.359.3050500623.3623.30243400.81758422350.817584223500000.81758422350.817584223501.29416598191.294165981900000.24363188170.243631881700.20542317170.205423171702.56080525882.56080525880

    4CHLChile198319619600001961960494494055.755.7070700815.7815.70197710.99135096860.991350968600000.99135096860.991350968602.49860907392.498609073900000.281725760.2817257600.35405391740.354053917404.12573971984.12573971980

    4CHLChile198424124100002412410448448068.468.4080800837.4837.40192331.25305464571.253054645700001.25305464571.253054645702.32932979772.329329797700000.35563874590.355638745900.41595174960.415951749604.35397493894.35397493890

    4CHLChile198521821800002182180270270061.161.101301300679.1679.10164861.32233410171.322334101700001.32233410171.322334101701.63775324521.637753245200000.37061749360.370617493600.78854785880.788547858804.11925269934.11925269930

    4CHLChile198617317300001731730227227065.165.101401400605.1605.10177230.97613270890.976132708900000.97613270890.976132708901.28082153131.280821531300000.36731930260.367319302600.78993398410.789933984103.41420752693.41420752690

    4CHLChile198716816800001681680350350060.960.90218.7218.70797.7797.70206940.81182951580.811829515800000.81182951580.811829515801.69131149131.691311491300000.29428819950.294288199501.05682806611.056828066103.85474050453.85474050450

    4CHLChile198818518500001851850322322072.772.7012323.299.8702.7602.999.8241540.76591868840.765918688400000.76591868840.765918688401.33311252791.333112527900000.3009853440.30098534400.50923242530.09605034360.41318208162.90924898572.4960669040.4131820816

    4CHLChile198921021000.20.20210.2210.2052120132087.987.9097.813.983.9916.9513403.9275470.76233346640.762333466400.00072603190.000726031900.76305949830.763059498301.89131302860.72966203221.16165099650000.31909100810.319091008100.35502958580.05045921520.30457037063.32849312081.86227175371.4662213671

    4CHLChile199023323300.30.30233.3233.30612181.5430.559.259.2037003701274.6474.1800.5303230.76839362860.768393628600.0009893480.00098934800.76938297660.769382976602.01826996010.59855555191.41971440820000.19523134250.195231342501.220195890901.22019589094.20340995281.56349965372.6399102991

    4CHLChile19912662660110267267028756.3230.7100.7100.703050305959.6424535.7346500.76767676770.767676767700.00288600290.002886002900.77056277060.770562770600.82828282830.16248196250.66580086580000.29062049060.290620490600.880230880200.88023088022.76940836941.22366522371.546031746

    4CHLChile199233733700.80.80337.8337.8034885.9262.1146.2146.2041204121244569.9674.1418820.80464161210.804641612100.00191012850.001910128500.80655174060.806551740600.83090587840.2051000430.62580583540000.34907597540.349075975400.983716154900.98371615492.97024974931.36072775891.6095219904

    4CHLChile1993379379013.413.40392.4392.4034455.3288.7180.480.410057305731489.8528961.7444740.85218329810.852183298100.03012996360.030129963600.88231326170.882313261700.77348563210.12434231240.64914331970000.40563025590.18077978140.22485047441.288393218501.28839321853.34982236811.1872105052.1623870126

    4CHLChile1994480480016.416.40496.4496.40788197.1590.9197.2197.2051705171998.6890.71107.9509190.94267365820.942673658200.03220801670.032208016700.97488167480.974881674801.54755592220.38708537091.16047055130000.38728176120.387281761201.01533808601.0153380863.92505744421.74924880692.1758086372

    4CHLChile19956576075024.924.90681.9631.950700152548211.1211.10734073423279951332652161.00742149170.93075318940.07666830230.03818081450.038180814501.04560230620.96893400390.07666830231.07335623160.23307163890.84028459270000.32369357210.323693572101.125490677101.12549067713.5681427871.52569921492.0424435721

    4CHLChile199695474121329.429.40983.4770.42131101167.6933.410257.644.489008903076.4995.52080.8685681.3913195661.0806790340.3106405320.04287714390.042877143901.43419670981.12355617780.3106405321.60570528530.24442888811.36127639720000.14875743790.08400420020.06475323771.297981565701.29798156574.48664099871.45184342553.0346517326

    4CHLChile1997142089152914.314.301434.3905.35291305240.41064.6285.5245.5401077010774101.81391.22710.6752861.88614084961.18348696970.70265387990.01899423530.018994235301.90513508491.2024812050.70265387991.73339000610.31931567621.41407432990000.37922057220.32608984410.05313072821.430544855601.43054485565.44829051881.84788672533.6004037935

    4CHLChile19981565.2744.6820.6353501600.2779.6820.61513326.31186.7384.3335.3491045010454542.61441.33101.3730632.14226078861.01912048511.12314030360.04790386380.047903863802.19016465241.06702434881.12314030362.07081559750.44660087871.62421471880000.52598442440.45891901510.06706540931.430272504601.43027250466.21737404711.97268111084.2446929362

    4CHLChile19991327.7595.2732.5282801355.7623.2732.51651.3289.61361.7106.180.425.71006010064119.1993.23125.9730461.81762177260.81482901191.00279276070.038332010.0383320101.85595378250.85316102181.00279276072.26063028780.39646250311.86416778470000.14525093780.11006762860.03518330911.377214358101.37721435815.63904936621.35969115354.2793582126

    4CHLChile20001463.9565.1898.8262601489.9591.1898.81072.8237.3835.5368.834622.91118011184049.51174.42875.1755151.93855525390.74832814671.19022710720.03443024560.034430245601.97298549960.78275839241.19022710721.4206449050.31424220351.10640270150000.48837979210.45818711510.0303251011.480500562801.48050056285.36251075951.55518771113.8073230484

    4CHLChile20011547614.1932.929.629.601576.6643.7932.91067.1219.2847.9580.1567.412.798609864209.81430.32779.5664502.32806621520.92415349891.40391271630.04454477050.044544770502.37261098570.96869826941.40391271631.60586907450.32987208431.27599699020000.87298720840.85387509410.01911211441.483822422901.48382242296.33528969152.15244544774.1828442438

    5COLColombia1980286.4286.4043.243.20329.6329.60749.1749.1080.180.10158.7158.701317.61317.60334000.85748502990.857485029900.12934131740.129341317400.98682634730.986826347302.24281437132.242814371300000.23982035930.239820359300.47514970060.475149700603.94491017963.94491017960

    5COLColombia1981416.8416.8062.962.90479.7479.70728.7728.70100.5100.50131.1131.10144014400363881.14543256021.145432560200.17285918430.172859184301.31829174451.318291744502.00258326922.002583269200000.27618995270.276189952700.360283610.3602836103.95734857653.95734857650

    5COLColombia1982353.1353.1053.253.20406.3406.30865.4865.40134.9134.90156.7156.701563.41563.40389690.90610485260.906104852600.13651877130.136518771301.04262362391.042623623902.22073956222.220739562200000.34617259870.346172598700.40211450130.402114501304.01190690044.01190690040

    5COLColombia1983343343051.751.70394.7394.70847.4847.4098.198.10170.8170.80151115110387320.88557265310.885572653100.13348135910.133481359101.01905401221.019054012202.18785500362.187855003600000.25327894250.253278942500.44097903540.440979035403.90116699373.90116699370

    5COLColombia1984292.5292.5044.144.10336.6336.60704.7704.70161.7161.7078.578.501281.51281.50382520.76466589980.764665899800.11528808950.115288089500.87995398930.879953989301.8422566141.84225661400000.42272299490.422722994900.20521802780.205218027803.35015162613.35015162610

    5COLColombia1985205.6205.6031310236.6236.601204.31204.30107.3107.3098.298.201646.51646.50348950.58919615990.589196159900.08883794240.088837942400.67803410230.678034102303.45121077523.451210775200000.30749391030.307493910300.28141567560.281415675604.71844103744.71844103740

    5COLColombia1986217.9217.9032.932.90250.8250.80988.9988.9084.684.6084.884.801408.91408.90349430.62358698450.623586984500.09415333540.094153335400.71774031990.717740319902.83003748962.830037489600000.24210857680.242108576800.24268093750.242680937504.03199496324.03199496320

    5COLColombia1987244.3244.3036.836.80281.1281.10836.3836.30139.7139.7084.484.401341.61341.60363730.67165204960.671652049600.10117394770.101173947700.77282599730.772825997302.29923294752.299232947500000.38407610040.384076100400.23204024960.232040249603.68845022413.68845022410

    5COLColombia1988292.2292.2044.144.10336.3336.301223.11223.10162.9162.90167.5167.501889.81889.80392130.74516104350.745161043500.11246270370.112462703700.85762374720.857623747203.11911865963.119118659600000.41542345650.415423456500.42715426010.427154260104.81932012344.81932012340

    5COLColombia1989265.7265.7040.140.10305.8305.80696.9696.902042040206.3206.301412.91412.90395400.67197774410.671977744100.10141628730.101416287300.77339403140.773394031401.76251896811.762518968100000.51593323220.515933232200.52175012650.521750126503.57334344973.57334344970

    5COLColombia1990246.5246.5037.237.20283.7283.70679.6679.60149.8149.80106.9106.90122012200402740.61205740680.612057406800.09236728410.092367284100.70442469090.704424690901.6874410291.68744102900000.37195212790.371952127900.26543179220.265431792203.029249643.029249640

    5COLColombia1991220.8220.8033.333.30254.1254.10722.2634.987.3141.3141.3027126381388.51293.295.3412400.53540252180.535402521800.08074684770.080746847700.61614936950.616149369501.75121241511.53952473330.21168768190000.3426285160.34262851600.6571290010.63773035890.01939864213.36687681863.13579049470.231086324

    5COLColombia1992262.2262.2033330295.2295.201601.31435.1166.2189.6189.60268.22662.22354.22185.8168.4492140.53277522660.532775226600.06705409030.067054090300.59982931690.599829316903.25374893322.91604015120.33770878210000.38525622790.385256227900.54496687930.54049660670.00447027274.78359816314.44141910840.3421790547

    5COLColombia1993316316026.126.10342.1342.101033.1936.396.9232.9232.90344.733014.71952.91841.4111.5557980.56632854220.566328542200.04677587010.046775870100.61310441230.613104412301.85150005381.67801713320.17366213840000.41739847310.417398473100.61776407760.59141904730.02634503033.49994623463.30011828380.1998279508

    5COLColombia1994734.6706.62823230757.6729.6281604.41219.9384.5174.2174.20498437.860.23034.22561.5472.7817090.89904416890.8647762180.03426795090.0281486740.02814867400.92719284290.8929248920.03426795091.96355358651.49298118930.47057239720000.21319560880.213195608800.60947998380.53580388940.07367609443.71342202213.13490557960.5785164425

    5COLColombia1995901.9799.1102.8137.9137.901039.8937102.81581.61107.1474.5279.6279.60889.2479.7409.53790.12803.4986.7925060.97496378610.86383585930.11112792680.14907141160.149071411601.12403519771.01290727090.11112792681.70972693661.19678723540.51293970120000.30225066480.302250664800.96123494690.51856095820.44267398874.0971396453.03050612931.0666335157

    5COLColombia19961021.7878143.6103.5103.501125.2981.5143.63584.22007.21577.1343.4343.40705.4321.2384.25758.23653.32104.9971461.05171597390.9037942890.1478187470.10654067070.106540670701.15825664461.01033495980.1478187473.68949828092.06616844751.62343277130000.35348856360.353488563600.72612356660.33063636180.39548720485.92736705583.76062833262.1667387232

    5COLColombia1997932.5779.8152.796.996.901029.4876.7152.74827.42655.12172.3406.7406.701293.3620.5672.87556.84558.92997.91066700.87419143150.7310396550.14315177650.09084091120.090840911200.96503234270.82188056620.14315177654.52554607672.48907846632.03646761040000.38126933530.381269335301.21243086150.58170057190.63073028977.08427861634.27383519272.8104434236

    5COLColombia1998794.3622.2172.234340828.3656.2172.23775.12038.61736.6393.6393.601321.1608.1712.96318.23696.52621.7988110.80385787010.62968697820.17427209520.03440912450.034409124500.83826699460.66409610270.17427209523.82052605482.06313062311.7574966350000.39833621760.398336217601.33699689310.61541731180.72147837796.39422736343.74098025522.6532471081

    5COLColombia1999649.1498.9150.292.392.30741.4591.2150.22116.61306.6810310.9310.901377.7625.5752.24546.62834.21712.4848470.76502410220.58799957570.17702452650.10878404660.108784046600.87380814880.69678362230.17702452652.49460794141.53994837770.95465956370000.36642426960.366424269601.62374627270.73720932970.8865369435.35858663243.34036559932.0182210332

    5COLColombia2000545.1307.3237.765.265.20610.3372.5237.72166.51336.5830330.8330.801453.7671.55414561.32711.41608.7832200.65501081470.36926219660.28562845470.07834655130.078346551300.7333573660.44760874790.28562845472.60334054311.60598413840.99735640470000.39750060080.397500600801.74681566930.80689738040.65008411445.48101417933.2581110311.9330689738

    5COLColombia2001588338250727206604102502298.31417.8880.5299.4299.401530.2346.3597.64787.92473.51728824110.71349698460.41013942310.30335756150.08736697770.087366977700.80086396230.49750640080.30335756152.78882673431.72040140271.06842533160000.36330101560.363301015601.85679096240.42021089420.7251459155.80978267463.00141971342.096807465

    7MEXMexico1980136.8136.802158.42158.402295.22295.2075075002592590394.3394.303698.53698.501943600.07038485290.070384852901.11051656721.110516567201.180901421.1809014200.38588186870.385881868700000.1332578720.13325787200.20287096110.202870961101.90291212181.90291212180

    7MEXMexico1981172.8172.803654.13654.103826.93826.9098998903843840588.1588.105788578802500800.06909788870.069097888701.46117242481.461172424801.53027031351.530270313500.39547344850.395473448500000.15355086370.153550863700.23516474730.235164747302.3144593732.3144593730

    7MEXMexico1982259.5259.503000.83000.803260.33260.3083583502612610400.5400.504756.84756.801737200.14937830990.149378309901.72737738891.727377388901.87675569881.876755698800.4806585310.48065853100000.15024176840.150241768400.23054340320.230543403202.73819940132.73819940130

    7MEXMexico1983309.3309.302115211502424.32424.3084084003723720320.3320.303956.63956.601488700.20776516420.207765164201.42070262651.420702626501.62846779071.628467790700.56425068850.564250688500000.24988244780.249882447800.21515416130.215154161302.65775508832.65775508830

    7MEXMexico1984222.2222.202708.92708.902931.12931.1091291203813810504.2504.204728.34728.301756300.12651597110.126515971101.54239025221.542390252201.66890622331.668906223300.51927347260.519273472600000.21693332570.216933325700.28708079490.287080794902.69219381652.69219381650

    7MEXMexico1985245.6245.602220.72220.702466.32466.301045104504044040485.9485.904401.24401.201844700.13313817960.133138179601.20382718061.203827180601.33696536021.336965360200.56648777580.566487775800000.21900580040.219005800400.26340326340.263403263402.38586219982.38586219980

    7MEXMexico1986311.6311.601611.31611.301922.91922.9090590503113110410.3410.303549.23549.201294400.24072929540.240729295401.24482385661.244823856601.4855531521.48555315200.69916563660.699165636600000.24026576020.240265760200.31698084050.316980840502.74196538942.74196538940

    7MEXMexico1987320.1320.101452.41452.401772.51772.501164116402682680505.9505.903710.43710.401402600.22821902180.228219021801.03550548981.035505489801.26372451161.263724511600.82988735210.829887352100000.19107372020.191073720200.3606872950.36068729502.64537287892.64537287890

    7MEXMexico1988320.1320.10939.5939.501259.61259.601876.51876.503363360598.2598.204070.24070.201831400.1747843180.17478431800.51299552260.512995522600.68777984060.687779840601.02462596921.024625969200000.18346620070.183466200700.32663536090.326635360902.22245276842.22245276840

    7MEXMexico1989353.387.3266886.8886.801240.1974.1266596.4596.40390.6390.60792.5792.503019.62753.62662229800.15844470360.03915149340.11929321020.39770382990.397703829900.55614853350.43685532330.11929321020.26746793430.267467934300000.17517266120.175172661200.35541304150.355413041501.35420217061.23490896040.1192932102

    7MEXMexico1990727.8119.86081457.5828.56292185.3948.31237820.4820.4082982901397.51281.51165232.13879.113532627100.27703551440.04560161390.23143390050.55479425980.31536675420.23942750560.83182977430.36096836820.47086140610.31228350650.312283506500000.31555707810.315557078100.53195538810.4878002360.04415515211.99158768221.47657112410.5150165582

    7MEXMexico19912321.81425.88961096216.8879.23417.81642.61775.21133.91133.90819.5819.50187210268467243.246222621.23144500.73836858010.45342661790.28494196220.34854507870.06894577830.27959930041.08691365880.52237239620.56454126250.36059786930.360597869300000.26061377010.260613770100.59532517090.32628398790.2690411832.30345046911.46986802350.8335824455

    7MEXMexico19922568.81411.811571212196.71015.33780.81608.52172.31053.61053.6078478403054.41100.419548672.94546.64126.33636100.70647121920.38827314980.31819806940.3333241660.0540964220.2792277441.03979538520.44236957180.59742581340.28976100770.289761007700000.21561563210.215615632100.84002090150.30263194080.53738896072.38522042851.25040565441.1348147741

    7MEXMexico19933101.71292.71809146589.21375.84566.71381.93184.81431.11431.101012.7979.932.82682.6537.621459693.24330.65362.64032000.76927083330.3206101190.44866071430.3633432540.02212301590.34122023811.13261408730.34273313490.78988095240.35493551590.354935515900000.25116567460.2430307540.00813492060.6653273810.13333333330.53199404762.40406746031.07405753971.3300099206

    7MEXMexico19944729.31561.13168.222369621406965.31657.15308.21191.91191.90698.1660.1382500.6213.62286.911355.93722.77633.24207801.12393649890.37100147350.75293502540.53139407770.02281477260.50857930511.65533057650.3938162461.26151433050.28325966060.283259660600000.16590617420.15687532680.00903084750.59427729450.0507628690.54349066022.6987737060.88471410241.8140596036

    7MEXMexico19951083.8321.876251256.9455.11595.8378.71217.1579.7579.70320.725961.71491.2143.41347.83987.51360.82626.62861700.37872593210.11245064120.26627529090.17891463120.01988328620.1590313450.55764056330.13233392740.42530663590.20257189780.202571897800000.11206625430.09050564350.02156061080.52108886330.05011007440.47097878881.3934025230.47552154310.9178460356

    7MEXMexico19961385.3400.3985654665882039.3466.315732562560215.7194.621.11779.8129.61650.24290.91046.63244.33323400.41683215980.12044893780.2963832220.19678642350.01985918040.17692724320.61361858340.14030811820.47331046520.07702954810.077029548100000.06490341220.05855449240.00634891980.5355358970.03899620870.49653968831.29111753020.3149184570.9761990732

    7MEXMexico1997854.2256.6597.6405483571259.2304.6954.6320.3320.30290.8229.960.91906.7891817.73777.1943.82833.24008700.21308653680.06401077660.14907576020.10103025920.01197395660.08905630250.3141167960.07598473320.23813206280.07990121490.079901214900000.07254222070.05735026320.01519195750.4756404820.02220171130.45343877070.94222565920.23543792250.7067627909

    7MEXMexico1998911.4228.4683436304061347.4258.41089559.5559.50265.5240.824.73163109.63053.55335.41168.24167.14210100.21647941850.05425049290.16222892570.10356048550.00712572150.0964347640.3200399040.06137621430.25866368970.13289470560.132894705600000.06306263510.05719579110.0058668440.7512885680.02603263580.72527968461.26728581270.27747559440.9897864659

    7MEXMexico1999982.8246.2736.648731.8455.21469.82781191.8617.5617.50273.3252.920.43965.3120.63844.76326126950574804900.20454119750.05123935980.15330183770.10135486690.00661824390.0947366230.30589606440.05785760370.24803846070.12851464130.128514641300000.05687943560.05263376970.00424566590.8252617120.02509937770.80016233431.31657266540.26410539241.052467273

    7MEXMexico2000993.2270.9722.3512.635.3477.41505.8306.21199.77007000406.139511.15082.2142.64939.67694.21543.86150.45807500.17102023250.04664657770.12437365480.08826517430.0060783470.08220404650.25928540680.05272492470.20657770120.12053379250.120533792500000.06992681880.06801549720.00191132160.87510977180.02455445540.85055531641.3248730090.26582866981.0590443392

    7MEXMexico2001751.2215.7535.5811.9280.8531.11563.1496.51066.6618.8618.80291.8258.233.65737.91475590.98211.61520.46691.16238900.12040584080.03457340240.08583243840.130135120.04500793410.08512718590.25054096070.07958133650.17095962430.09918415110.099184151100000.04677106540.04138550060.00538556480.91969738260.02356184580.89613553671.31619355980.24369680551.0724807258

    8PERPeru198045.641.93.612.79.63.158.351.56.7157.9155.22.77.45.91.583.983.90307.4296.510.9206580.22073772870.2028269920.01742666280.06147739370.04647110080.0150062930.28221512250.24929809270.03243295580.76435279310.7512827960.01306999710000.03582147350.0285603640.00726110950.40613805790.406138057901.4880433731.43527931070.0527640623

    8PERPeru1981111.7106.55.259.155.23.9170.8161.79.1325.4321.63.812.19.92.294.794.70603587.915.2249680.4473726370.42654597890.02082665810.23670297980.22108298620.01561999360.68407561680.64762896510.03644665171.30326818331.28804870230.01521948090000.04846203140.0396507530.00881127840.37928548540.379285485402.41509131692.35461390580.0608779237

    8PERPeru19826964.14.876.373.13.2145.3137.28366.6363.13.511.29.12.180.180.10603.1589.613.6248160.27804642170.25830109610.01934235980.30746292710.29456802060.01289490650.58550934880.55286911670.03223726631.47727272731.46316892330.0141038040000.04513217280.03666989040.00846228240.32277562860.322775628602.43028691172.37588652480.0548033527

    8PERPeru19831815.62.47.56.11.425.521.73.8349.4347.71.710.39.2140.740.70425.9419.46.4191300.09409304760.08154730790.01254573970.03920543650.03188708830.00731834810.13329848410.11343439620.01986408781.82645060121.81756403550.00888656560000.05384213280.04809200210.00522739150.21275483530.212754835302.22634605332.19236800840.0334553058

    8PERPeru198416.814.825.94.9122.719.73254.5253.11.412.111.20.954.754.70344338.75.3198460.0846518190.07457422150.01007759750.02972891260.02469011390.00503879880.11438073160.09926433540.01511639631.2823742821.27531996370.00705431830000.06096946490.0564345460.00453491890.27562229160.275622291601.73334677011.70664113680.0267056334

    8PERPeru19852624.11.96.45.60.832.429.72.7208.1206.81.311.410.60.849.349.30301.2296.34.8188380.1380188980.12793290160.01008599640.03397388260.02972714730.00424673530.17199278050.15766004880.01433273171.10468202571.09778108080.00690094490000.06051597830.0562692430.00424673530.26170506420.261705064201.59889584881.5728845950.0254804119

    8PERPeru198641.238.82.444.343.40.985.582.23.3203.62021.634.333.3184.584.50407.94025.9179770.22918173220.215831340.01335039220.24642598880.24141959170.00500639710.4756077210.45725093170.01835678921.13255826891.12365800750.00890026140000.19079935470.18523669130.00556266340.47004505760.470045057602.26901040222.23619068810.0328197141

    8PERPeru198719.315.93.44.23.11.223.5194.6172.5170.12.328.126.61.485.185.10309.2300.88.3239050.08073624760.06651328170.01422296590.01756954610.01296799830.00501987030.09830579380.07948128010.01924283620.72160635850.71156661790.00962141810000.117548630.11127379210.00585651540.35599247020.355992470201.29345325251.25831416020.0347207697

    8PERPeru198811.48.52.92.21.30.913.69.83.846.544.5210.89.51.210.610.6081.474.57123760.09211376860.06868131870.02343244990.01777634130.01050420170.00727213960.10989010990.07918552040.03070458950.3757272140.35956690370.01616031030000.08726567550.07676147380.00969618620.08564964450.085649644500.65772462830.60197155790.056561086

    8PERPeru198911.57.34.21.80.71.113.385.384.281.42.864.21.815.115.10118.6108.79.9205770.05588764150.03547650290.02041113860.00874763080.00340185640.00534577440.06463527240.03887835930.02575691310.4091947320.39558730620.01360742580000.02915876950.02041113860.00874763080.07338290320.073382903200.57637167710.52825970740.0481119697

    8PERPeru199010.24.95.32.61.41.212.86.36.53.80.43.57.14.82.34111.529.564.82341.8262940.03879211990.01863543010.02015668970.00988818740.00532440860.00456377880.04868030730.02395983870.02472046850.01445196620.00152125960.01331102150000.0270023580.01825511520.00874724270.15592910930.04373621360.11219289570.24644405570.08747242720.1589716285

    8PERPeru199115.411.83.63.830.719.214.84.32.80.52.45.84.31.65025.524.577.94532.8238040.06469500920.04957150060.01512350870.01596370360.01260292390.00294068220.08065871280.06217442450.01806419090.0117627290.00210048730.01008233910000.02436565280.01806419090.00672155940.21004873130.1071248530.10292387830.32725592340.18904385820.1377919677

    8PERPeru199234.229.259.38.40.943.537.65.96.43.23.27.14.72.46855.212.8125100.724.3360840.09477884940.08092229240.01385655690.02577319590.02327901560.00249418020.12055204520.10420130810.01635073720.01773639290.00886819640.00886819640000.01967631080.01302516350.00665114730.18844917410.15297638840.03547278570.34641392310.27907105640.0673428666

    8PERPeru199347.739.28.48.371.35646.29.771.136.834.37.14.82.310376.126.9237.216473.2348350.13693124730.11253050090.02411367880.02382661120.02009473230.00373187890.16075785850.13262523320.02784555760.20410506670.10564087840.09846418830000.02038179990.0137792450.00660255490.29567963260.2184584470.07722118560.68092435770.47079087130.2101334864

    8PERPeru199484.775.98.921.4192.4106.194.911.3194.6106.188.55.85.60.2213155.357.7519.6361.8157.7449100.18859942110.1690046760.01981741260.04765085730.04230683590.00534402140.23625027830.21131151190.0251614340.43331106660.23625027830.19706078820000.01291471830.01246938320.00044533510.47428189710.34580271650.12847918061.15698062790.80561122240.3511467379

    8PERPeru19958170.710.323.9176.9104.987.717.2220.9154.766.26.46.10.3758.8179.4579.41091427.9663.1536360.1510179730.1318144530.019203520.04455962410.03169513010.0128644940.19557759710.16350958310.0320680140.41185024980.28842568420.12342456560000.01193228430.01137295850.00055932581.41472145570.33447684391.08024461182.0340815870.79778506971.2362965173

    8PERPeru199665.655.110.628.21810.293.873.120.8372.9177195.96.26.10.1792.6176.66161265.5432.8832.7558140.11753323540.09872075110.01899165080.05052495790.03224997310.01827498480.16805819330.13097072420.03726663560.66811194320.31712473570.35098720750000.01110832410.01092915760.00017916651.42007381660.31640806971.10366574692.26735227720.77543268711.4919195901

    8PERPeru199783.566.616.927.9189.9111.484.626.8547.6207.9339.79.66.43.2750229.5520.51418.6528.4890.2591260.14122382710.1126408010.02858302610.04718736260.03044345970.01674390290.18841118970.14308426070.04532692890.92615769710.35162195990.57453573720000.01623651190.01082434120.00541217061.26847748880.38815411160.88032337722.39928288740.89368467341.505598214

    8PERPeru1998130.548.881.622.113.58.6152.662.390.2561.5202.8358.77.24.72.5736120.8615.21457.3390.71066.6568310.22962819590.0858686280.14358360750.0388872270.0237546410.01513258610.26851542290.1096232690.15871619360.98801710330.35684749520.63116960810000.01266914180.00827013430.00439900761.29506783270.21256004651.08250778622.56426950080.68747690521.8767925956

    8PERPeru1999126.544.781.816.510.5614355.287.8712.5204.7507.87.94.935001303701363.4394.7968.7515970.24516929280.08663294380.1585363490.03197860340.02035002040.01162858310.27714789620.10698296410.17016493211.3808942380.3967284920.98416574610000.01531096770.00949667620.00581429150.96904858810.25195263290.71709595522.642401690.76496695541.8774347346

    8PERPeru2000137.444.692.81811.36.6155.455.999.4605.8166439.87.84.53.351487.4426.61283313.8969.1534660.2569857480.0834174990.1735682490.03366625520.02113492690.01234429360.29065200310.10455242580.18591254261.13305652190.31047768680.82257883510000.01458871060.00841656380.00617214680.96135862040.16346837240.7978902482.39965585610.58691504881.8125537725

    8PERPeru2001151.145.5105.722.113.48.6173.258.9114.3305.995.1210.88.44.53.9285.456.5228.9772.9215557.9542180.2786897340.08392046920.19495370540.04076137080.02471503930.01586189090.31945110480.10863550850.21081559630.564203770.17540300270.38880076730000.01549300970.00829982660.00719318310.52639344870.10420893430.42218451441.42554133310.39654727211.028994061

    FIG 1

    3.46940444051.21936505071.53003261570.15960643530.5430961414

    3.49134883241.32098760291.50500224970.20318130870.4475427895

    3.50679866661.22197540041.67082151040.21735057730.3845571735

    3.5632163151.05786545211.74932250120.19855417810.5440088235

    3.62405936451.25986312711.71574296740.23051805860.3984788346

    3.53444985491.07419699751.79362231070.21679819710.4422665309

    3.15059521740.97937646351.42368560480.21782050210.5209722491

    3.29455025380.8599591961.57180429540.21373832520.580443936

    3.14853801080.8598495991.46004863150.23702233490.57043298

    2.60597211520.76711931731.16041521920.21936680210.4466534206

    2.52096278250.64647006621.07844149850.20148828820.5876146331

    2.5198774560.7142408851.02946184050.19478720310.5781954786

    3.15426480880.83811356471.29603685940.24529873790.7617868087

    3.2819735550.87727052851.16143945030.28394229450.9253186476

    3.4876711611.08531984231.26664963560.23230412330.866409554

    3.37487736360.88302272771.13527411170.24029538851.0651692237

    3.97873860270.96298133781.51183787690.28939567221.186210338

    3.94326525380.89920527221.47915377550.32520469521.2175974358

    4.0940816120.93982693991.49052367450.37156240581.2748637213

    3.87498591430.92704181551.49715028410.25098778041.1861774499

    3.73567934350.9467998041.12064077170.33478585181.3249999517

    3.73464593631.07000598151.03354392810.419045541.2031824555

    Note: 7 Latin America countries, ARG, BOL, BRA, CHL, COL, MEX, PER.

    Total

    Roads plus Rails

    Power

    Water

    Telecommunications

    %

    Total Investment in Infrastructure (percent of GDP)Simple average by sector

    FIG 2

    3.23644606951.06504281421.50529585920.15189212640.4968479973

    3.27772315391.19020646921.48783427390.19994474570.3855972359

    3.3089605881.11424262691.65190389010.21470511150.3168473905

    3.32239065910.9616698511.7326419170.19612897590.417875293

    3.3757947081.14607159681.6865451550.22881572220.2949126919

    3.34384757750.98716314881.76479039950.2148190820.3691274835

    3.01023762950.92286422931.39364267720.21450020070.4708509294

    3.15335775270.82876656531.5407998010.20298517120.512201714

    2.83023425690.74828394381.41345962540.22495721660.4218074231

    2.12545734710.68067318970.92030569430.20175945240.3103016546

    1.80447044350.52037809030.78794991250.17646633320.3127790695

    1.72037023090.5487466660.78137587960.17491600250.2119510758

    2.10434523840.63630019471.0244913130.17618875280.2545892576

    1.71150107110.64153128220.61131127090.17159803480.2662065422

    1.65707768570.75077223570.56156025530.14874275010.1956245031

    1.47264811660.70526020170.46051648320.1398794560.1669919756

    1.53988521090.74488714230.54045456090.11980383560.134756208

    1.59830112380.66317466420.59162165080.16389000910.1796264236

    1.50833923580.55786189290.55972283890.20367581780.1872055062

    1.32908446770.55274469920.44889544190.13898570630.1884913436

    1.35419140960.53263513490.42512986260.20210912550.1943001204

    1.41607861060.61610906230.4399006830.25777972850.1022914266

    Note: 7 Latin America countries, ARG, BOL, BRA, CHL, COL, MEX, PER.

    Total

    Roads plus Rails

    Power

    Water

    Telecommunications

    %

    Total Public Investment in Infrastructure (percent of GDP)Simple average by sector

    FIG 3

    0.23347198690.15425308310.02473675650.00771430880.0462542226

    0.21318844230.13078113380.01716797580.0032365630.0619455537

    0.19789564510.1081540630.01891762030.00264546580.0677047114

    0.24074395190.09619560110.01668058420.00235052510.1261335304

    0.24826465650.11379153040.02919781250.00170233640.1035661427

    0.19052644290.08703384870.02882550330.00152163560.0731454552

    0.14036291570.05687303930.03004292760.00332030140.0501266474

    0.14080418250.03125239110.03094473410.01069339360.0682422219

    0.31841918470.11156565520.04658900610.01194968760.1486255569

    0.48051476810.08644612760.24010952480.01760734970.136351766

    0.71649541130.12609197590.29054591670.0250219550.2748355636

    0.79948843980.16516684750.24814597490.01993121450.3662444028

    1.04966645270.20181337010.27154554640.06910998510.5071975511

    1.57043432840.23569823670.5501537820.11234425970.6591153647

    1.83056166560.33458495980.70508938020.08356137330.6707790405

    1.9020115180.1777569910.67475762850.10041593250.8981772481

    2.43883255740.21810508540.97139802150.16959183661.0514541299

    2.34496056620.2360306080.88753212470.16131468611.0379710121

    2.5857389830.38195436740.93081529320.1678865881.0876471507

    2.54590144660.37447457911.04825750440.11200207410.9976861063

    2.33988536290.41412324350.69551090910.1326956441.0892949493

    2.21691425080.45389691920.59364324510.16126581150.9990783192

    Note: 7 Latin America countries, ARG, BOL, BRA, CHL, COL, MEX, PER.

    Total

    Roads plus Rails

    Power

    Water

    Telecommunications

    %

    Total Private Investment in Infrastructure (percent of GDP)Simple average by sector

    FIG 4

    3.30940118161.04764526111.62793815490.22681206740.3907383351

    3.51856451881.15232400361.66684271440.26473896380.4229642407

    3.69474234381.01489294891.96716851990.25677880670.4450114003

    3.40826160171.03473672461.64841320420.23073683870.4753984162

    3.27077462041.17675725131.39024334180.2064612230.4780220033

    3.04635039450.91345982751.43758819260.22843069860.4580885768

    2.99831413790.78842639621.4494370350.22148728180.5280694648

    3.56426561530.68753477581.91529815750.24033829870.6376961353

    3.40133523850.70487421171.64432709650.25991039370.7659479491

    2.38348470650.37250162951.23952718290.18275392860.5807685537

    2.2581691180.39217823161.12465011130.21078305240.5235635531

    2.30685123710.52196454951.00772198760.17626628770.5967191558

    2.57446804890.54981076530.99435025010.15810409170.8538212462

    2.478263120.59133369540.84670414870.19626907480.7974215557

    2.4554454630.75845608090.73473124970.14371240140.7712025855

    1.8572625190.38660408920.59235061780.13913955910.6761821169

    2.0932087460.41316561830.74965421350.15747606570.739588528

    2.23920689020.37312688970.85114127270.21984560250.7693996308

    2.61879800180.34824740230.92966257460.25417000351.0659851208

    2.31416693410.37450731950.72304916690.19310461641.0056796754

    2.27373488250.3311214910.58483926650.21622192471.1317737659

    2.15453859390.34256838110.59362273940.20977104880.9980230764

    Note: 7 Latin America countries, ARG, BOL, BRA, CHL, COL, MEX, PER.

    Total

    Roads plus Rails

    Power

    Water

    Telecommunications

    %

    Latin America: Investment in Infrastructure (public + private) (GDP-weighted average, percent of GDP)

    FIG 5

    2.98650841450.8418402671.62456957510.22633809640.277493113

    3.2870666471.01776359851.66280909430.26436171880.3304521485

    3.47169765860.90321208131.96265055710.25639834670.3385143005

    3.07496262970.89133241861.6463999890.23047586630.2877406561

    2.89911867340.99626229241.38834920210.20625893620.2889758313

    2.73534804650.79277548911.43522148920.22823785610.270330113

    2.79300220810.71621251341.44574180370.22119096610.3989803951

    3.3355165890.65286234361.91348584330.23962291150.4461472426

    2.96299236880.52381834121.63960776220.25925801520.5139910216

    2.01758434160.31752677381.19673195770.18189754840.31349465

    1.88013373590.23741034021.07164275220.20971178050.3543746934

    1.6593024890.28233090020.97036435150.17441758130.2280103996

    1.69679809860.2781631820.95098163720.1543130350.2949675112

    1.31469191370.25902891470.67319792270.17449056540.1793302341

    1.14349283480.28341977290.5500098990.12863673040.1806098041

    0.89498001110.21564074570.43016319250.1050723580.1441037149

    0.97282768490.20493213620.47411306480.13276881770.1610136661

    1.02621461880.18649204230.49293466030.17130329140.1754846248

    1.14288252070.1552216910.50550914660.22858911120.2535625719

    0.83895539910.15973737140.34532826630.16878544610.1651174857

    0.80858762250.12367052560.30469008670.19699100390.18323008

    0.7305744450.13767717080.31765454250.18811870320.087130229

    Source: Serven. Note: Weighted avarage of ARG, BOL, BRA, CHL, COL, MEX, PER.

    Total

    Roads plus Rails

    Power

    Water

    Telecommunications

    FIG 6

    0.32290969460.20578806660.00336857990.0004739710.1132621497

    0.23149787180.13456040510.00403362010.0003772450.0925120922

    0.22306053770.11168086760.00451796270.000380460.1064812474

    0.33326169020.1434043060.00201321530.00024233150.1876577601

    0.3716559470.18049495890.00189413970.00020228680.189046172

    0.31098481680.12068433840.00234917220.00017531140.1877759949

    0.20532936010.07223131310.00369523130.00029631570.1291065001

    0.22871723130.03468832970.00179641670.00069948970.1915488927

    0.438356750.18105587050.00471933430.00063849820.2519569275

    0.36590036490.05497485570.04279522520.00085638030.2672739037

    0.37804568270.15476789140.05301765970.00107127190.1691888597

    0.64754874810.23961398220.03736746960.00185853990.3687087563

    0.87766098790.27164758340.04336861290.00379105670.558853735

    1.16355480070.33229657790.17351442880.02177850940.6180995244

    1.3119455270.47505051020.18472135080.01507567090.5905785791

    0.96226887010.17095652460.16218742520.0340672010.532078402

    1.12037484390.20823348210.2755473660.0247072480.5785748618

    1.21298655910.18663484740.35820661240.04854231120.5939150059

    1.47590975060.19302571130.42415915850.02558089230.8124225489

    1.4752115350.21478311850.37772748580.02431917020.8405621897

    1.45084111430.20744503910.28014917980.01923684710.9342493929

    1.38759788120.20489121030.27596819680.02165234550.8745327803

    Note: 7 Latin America countries, ARG, BOL, BRA, CHL, COL, MEX, PER.

    Total

    Roads plus Rails

    Power

    Water

    Telecommunications

    %

    Total Private Investment in Infrastructure (percent of GDP)Weighted means by sector

  • Despite increased private investment, total investment has also fallen

    Draft

    Readme

    Using data from: Infrastructure Investment.xls

    Pato, lo ltimo que necesito son 2 grficos de inversin / GDP parecidos a los que metimos en el papel.

    Deben representar la media de los 7 pases que tenemos. Hagamos 2 versiones: ponderada y sin ponderar.

    (1) Inversin total / GDP, total y por sector:sin ponderar por GDPFig 1

    ponderada por GDPFig 2

    (2) Inversin pblica / GDP, total y por sector:sin ponderar por GDPFig 3

    ponderada por GDPFig 4

    Total 4 figures

    4 sectores:roads and rails

    power

    water

    telecommunications

    7 paises :ARG

    BOL

    BRA

    CHL

    COL

    MEX

    PER

    GDP

    GDP

    gdp_usd_m

    yearARGBOLBRACHLCOLMEXPERTOTALARG (ratio)BOL (ratio)BRA (ratio)CHL (ratio)COL (ratio)MEX (ratio)PER (ratio)CHECK

    1980769622781.4235020275723340019436020658590753.40.130.000.400.050.060.330.031.00

    1981786772889.2263560326453638825008024968689207.20.110.000.380.050.050.360.041.00

    1982843072983.3281680243403896917372024816630815.30.130.000.450.040.060.280.041.00

    19831039802672.3203300197713873214887019130536455.30.190.000.380.040.070.280.041.00

    1984790922709.5209020192333825217563019846543782.50.150.000.380.040.070.320.041.00

    1985896623122.7222940164863489518447018838570413.70.160.010.390.030.060.320.031.00

    19861015303959.4268140177233494312944017977573712.40.180.010.470.030.060.230.031.00

    198710937043482940802069436373140260239056290300.170.010.470.030.060.220.041.00

    19881270504597.6329910241543921318314012376720440.60.180.010.460.030.050.250.021.00

    19897662847164487602754739540222980205778407480.090.010.530.030.050.270.021.00

    19901413504867.6464990303234027426271026294970808.60.150.010.480.030.040.270.031.00

    19911897105343.34077303465041240314450238041016927.30.190.010.400.030.040.310.021.00

    19922287805643.93905704188249214363610360841115783.90.210.010.350.040.040.330.031.00

    19932367505734.74383004447455798403200348351219091.70.190.000.360.040.050.330.031.00

    19942577005981.25462305091981709420780449101408229.20.180.000.390.040.060.300.031.00

    19952581006715.27041706521692506286170536361466513.20.180.000.480.040.060.200.041.00

    19962722407396.97749306856897146332340558141608434.90.170.000.480.040.060.210.031.00

    19972930107925.780775075286106670400870591261750637.70.170.000.460.040.060.230.031.00

    19982991008497.57877407306398811421010568311745052.50.170.000.450.040.060.240.031.00

    19992836608285.15366307304684847480490515971518555.10.190.010.350.050.060.320.031.00

    20002843508355.76017307551583220580750534661687386.70.170.000.360.040.050.340.031.00

    20012688307969.35089906645082411623890542181612758.30.170.000.320.040.050.390.031.00

    MORE Data on inv

    Simple AverageSimple Average

    TOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATE

    TOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATEGDPTOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATETOTALPUBLICPRIVATEinv_road_tgdpinv_road_ugdpinv_road_rgdpinv_rail_tgdpinv_rail_ugdpinv_rail_rgdpinv_roadrail_tgdpinv_roadrail_ugdpinv_roadrail_rgdpinv_power_tgdpinv_power_ugdpinv_power_rgdpinv_gas_tgdpinv_gas_ugdpinv_gas_rgdpinv_water_tgdpinv_water_ugdpinv_water_rgdpinv_telcom_tgdpinv_telcom_ugdpinv_telcom_rgdpinv_total_tgdpinv_total_ugdpinv_total_rgdp

    cnumccodecnameyeari