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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.

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Bolivia

In 2005, the Bolivian economy turned in a good performance on several fronts. GDP grew by 4.1%, which was 0.2 percentage points more than the previous year. Similarly, per capita GDP rose by 1.8%, which was 0.1 percentage points higher than in 2004. The deficit of the non-financial public sector (NFPS) narrowed by 3.2 GDP percentage points, the balance of payments posted a surplus of US$ 492.9 million and net international reserves swelled by US$ 503.6 million. These results occurred in the context of two opposing factors: favourable external conditions for hydrocarbon-producing countries (with natural gas prices rising by 28.9% and petroleum prices by 44.1% in 2005), yet in a domestic political environment characterized by social protests, presidential and parliamentary elections and major institutional reform.

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