Economic Survey of Latin America 1953

image of Economic Survey of Latin America 1953

Published since 1948, this report examines various aspects of the previous year’s macroeconomic situation in the region and makes projections for the coming months. The study also includes country notes that review the performance of the main economic indicators in the period analysed.



Foreign trade

For some years Latin America has experienced a difficult phase in its foreign trade, the most evident symptom of which is the stationary trend of the export quantum. Practically no progress was achieved between 1947 and 1953, although during this period exports increased elsewhere in the world and the highest export value ever recorded was attained. However, in 1953, there was some improvement in relation to the previous year since the quantum increased by 14 per cent. But this did not imply a return to 1950 levels, still less to those of 1947-48. In 1953, the efforts of Latin-American countries to increase their exports are worthy of note since they enabled the region to offset the price decline of most exported products. However, when both countries and commodities are considered as a whole, it is seen that in several cases lower prices coincided with a smaller quantum, so that efforts to increase exports did not always meet with success.


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