Economic Survey of Latin America and the Caribbean 2004-2005

image of Economic Survey of Latin America and the Caribbean 2004-2005

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.




In 2004, the economy picked up speed and by the end of the year had reached the highest growth rate in real terms since 1999 (4.5% compared with 3.7% in 2003). The rise in GDP was the result of the dynamic expansion of tourism, construction and commerce. Despite the high economic growth rate, stable macroeconomic conditions sufficed to bring down inflation (measured on the basis of annual averages) from 1.6% in 2003 to 1.4% in 2004.


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