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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.

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Regional overview

Conditions in the Latin American and Caribbean economies have been highly favourable, and this has been reflected in the sustained growth of nearly every country in the region since 2003. In 2006, the region posted a growth rate of 5.6%, and ECLAC is projecting GDP growth of 5.0% for 2007 and 4.6% for 2008. If these projections are borne out, the region will have registered a cumulative increase of 20.6% in per capita GDP (somewhat over 3% per year) by the time it completes its sixth consecutive year of growth in what appears to be turning into the strongest (and longest) growth spell since 1980.

English

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