recent economic development and perspectives 2004 29 graph 15 trade balance millions of us 1 159 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2 257 991 743 505 706 267 456 710 207 14 current account deficit percent gdp 6 8 7 5 0 9 t in the payments dropped from to as shown below continuing its decreasing trend since smaller was highly attributable performance which reached a surplus for second year larger exports than imports resulted million compared goods grew by 307 17 over previous while increased 805 11 growth mainly associated with better terms volumes gold shipped significantly higher values non traditional particularly textiles prompted andean
