General trends

For Latin America, 1974 had some very special features. The second half of the year, in particular, marked an interruption in the favourable trends which had been prevailing in the region’s external sector for several years past and had actually further improved in 1973. Except in the case of the oil-exporting countries, this interruption is shown by the drop in the purchasing power of the region’s exports, after this power had gone up considerably in the two previous years. At all events, however, even for the countries which are not oil exporters external trade continued to be very dynamic compared with past levels such as, for example, those of the 1960s.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions