Evolution of macroeconomic indicators in the pacific alliance countries (2011-2018)

Abstract

This paper analyzes the macroeconomic situation of the countries belonging to the Pacific Alliance during the 2011-2018 period. This descriptive longitudinal study presents a quantitative approach as the most important macroeconomic variables of the member countries have evolved during the 2011-2018 period. Among the variables analyzed are the economic growth rate, inflation, the unemployment rate, minimum wage, public finances, exports and imports. As a result of this investigation, it is evident that imports and exports between the member countries are not yet significant, so it is necessary to continue advancing in the consolidation of commercial relations within the bloc. In conclusion, this study deduces the need to homogenize the economies of the bloc to obtain better results from the agreements and policies approved by its members.