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.




GDP continued to grow briskly during 2005 and the first few months of 2006. In 2005, economic activity was up by 9.2%, thereby surpassing its record 1998 rate. This represented a complete turnaround from the declines registered during the lengthy, deep recession of the late 1990s and early years of the present decade. Although all components of aggregate demand showed a considerable increase in 2005, the star performers were investment (with an investment-to- GDP ratio of 22.2% at current prices in the last quarter —the highest since the series began in 1993) and exports of goods and services. True to the pattern observable since 2003, aggregate consumption climbed significantly, although by less than GDP growth.


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