1945

The economy of the Latin American and Caribbean region grew by 4.5% in 2005 and is expected to expand by around 5% in 2006, thereby completing a fourth consecutive year of growth. If these projections are borne out, the average annual increase in the region’s GDP for this period will amount to approximately 4.3%, which translates into an average rise in per capita GDP of nearly 2.8% per year. In view of the moderate slowdown projected for the world economy, ECLAC estimates put the region’s growth rate for 2007 at about 4.5%.

Related Subject(s): Economic and Social Development
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