Economic Survey of Latin America 1966

image of Economic Survey of Latin America 1966

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.



The structural factors of Latin American development

Economic activities in Latin America as a whole showed relative improvement in 1964 and 1965, when the total gross product increased by 6.2 and 5 per cent. As was pointed out in the Economic Survey of 1965, this trend should be appraised in the light of the particular conditions in which it developed and past experience, which indicates that it might have been produced by a favourable combination of circumstances in a few countries rather than a generalized and permanent development pattern. Consequently, it is not surprising that the growth rate should have declined again in 1966 to about 3.1 per cent in aggregate terms, which means that the per capita product remained virtually the same.


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