Economic Survey of Latin America and the Caribbean 2006-2007

image of Economic Survey of Latin America and the Caribbean 2006-2007

The publication surveys the main economic events and developments of 2006 and the first half of 2007 in the light of the region’s recent economic performance. The fifty-ninth edition of the survey is aimed to provide further inputs for the economic debates concerning means of promoting a rapid, sustainable growth process capable of creating conditions conducive to an improvement in the living conditions in the region. It also describes various aspects of the regions economic growth dynamics. The tables provided in the statistical appendix provide ready access to data for recent years and facilitate the creation of spreadsheets. The edition is supplemented by a CD-ROM.




In 2006, in keeping with the two preceding years, the Bolivian economy recorded favourable performances in several sectors. GDP grew by 4.6 %, the non-financial public sector (NFPS) showed a surplus of 4.5 GDP percentage points, and the balance of payments closed with a surplus of US$ 1.516 billion, US$ 1.012 billion above its 2005 value. The current account posted a surplus of US$ 1.319 billion. The balance of payments surplus generated an increase in net international reserves of US$ 1. 464 billion, to an unprecedented high of US$ 3.178 billion. The external debt dropped US$ 1.707 billion and the inflation rate stood at 4.95%.


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