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.



Bolivarian Republic of Venezuela

In 2005, the Bolivarian Republic of Venezuela recorded GDP growth of 10.3%, driven by buoyancy in non-oil activities (11.7%). With the exception of the petroleum sector (-1.9%), all branches of economic activity registered rises, with the highest rates being observed in construction (32.1%), financial services (39.2%), communications (23.2%) and commerce (19.9%). On the demand side, the components that showed the strongest growth rates were investment (30%), chiefly public investment in infrastructure, and private consumption (18.8%). In the first quarter of 2007 the economy expanded by 8.8% over the same quarter of the preceding year. Although still high, this rate of growth represents a slowdown in economic activity.


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error