Economic Survey of Latin America and the Caribbean 2005-2006
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Economic Survey of Latin America and the Caribbean 2005-2006

This year's edition of the Economic survey of Latin America and the Caribbean, the fifty-seventh in this series, is divided into two parts. The first analyses the main features of the regional economy, while the second examines the situation in the individual countries of Latin America and the Caribbean. The full statistical appendix is published in electronic format for ease of data processing.

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English
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Author(s):
ECLAC

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The economic recovery was consolidated in 2005 and GDP growth surpassed all expectations, at 9.2%. The number of employed was up by 2.1% and real minimum wages climbed significantly. Inflation dropped from 28.7% to 7.4% and the public-sector deficit narrowed to 3.3% of GDP. These trends have strengthened in 2006 and an annual growth rate of 8% is projected.