Economic Survey of Latin America and the Caribbean 2004-2005

image of Economic Survey of Latin America and the Caribbean 2004-2005

This year's edition of the Economic survey of Latin America and the Caribbean,the fifty-seventh 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. The full statistical appendix is published in electronic format for ease of data processing.




In 2004 the Uruguayan economy recorded GDP growth of 12.3%, which was much higher than expected. The fastest-growing sector was manufacturing (21.6%), and it was also the largest contributor to overall growth (3.7%). Despite this exceptional result, per capita GDP was 9.5% less than in 1998. Domestic demand increased by 13.3%, with rises of 11.4% in final consumption expenditure and 27% in gross capital formation.


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