Economic Survey of Latin America and the Caribbean 2003-2004

image of Economic Survey of Latin America and the Caribbean 2003-2004

This year's Survey, the fifty-sixth edition in this series, is divided into two parts. The first analyses the main features of the regional economy, while the second examines the situation in the individual countries of Latin America and the Caribbean. A summarized statistical appendix is supplemented by the more detailed information that is provided on the accompanying CD-ROM for ease of data processing.




In 2003 a project to export natural gas to the United States triggered a political upheaval that led, in October, to the President’s resignation and constitutional replacement by the Vice-President. Earlier, a serious conflict had arisen in February over the government’s attempt to introduce a new tax, among other issues. Both events had repercussions on the economic situation and resulted in a new political and economic agenda that entailed the revision of hydrocarbon-sector regulations (reform of the Hydrocarbons Act and a referendum on gas exports) and the review of certain aspects of the political structure (including a call for a constituent assembly).


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