Economic Survey of Latin America and the Caribbean 2005-2006

image of Economic Survey of Latin America and the Caribbean 2005-2006

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 2005, the Colombian economy expanded by 5.1%. All the sectors showed improvements and there was a significant rise in domestic demand, especially in investment and private consumption. Accordingly, fiscal indicators improved and unemployment declined. The central bank operated an expansionary monetary policy with high liquidity and low interest rates, in the context of decreasing inflation. As for foreign trade, exports and imports grew rapidly, as did flows of foreign direct investment (8.2% of GDP in 2005 compared to 3.2% in 2004).


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