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.




The Mexican economy posted growth of 4.8%, with all the components of aggregate demand rising strongly in the first three quarters, although this trend weakened towards the end of the year. Consumption was up by 5.1%, fixed investment by 10% and exports by 11.1%, all driven by the motor vehicle sector, which contributed to the largest expansion in employment in the last six years and helped to narrow the balance-of-payments current account deficit (0.2% of GDP).


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