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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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Bolivarian Republic of Venezuela

In 2005, the Bolivarian Republic of Venezuela recorded GDP growth of 9.3%. The economy’s expansion was driven by non-oil activities (10.3%), whereas the petroleum sector showed no more than a slight increase (1.7%). All sectors registered rises, with the highest rates being observed in the financial sector (30.8%), construction (20.1%), commerce (19.5%) and communications (19.8%). On the demand side, the components that showed the strongest growth were investment (20.5%) and private consumption (16.3%).

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