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.




The socio-political events which shook Haiti in 2004 had a strong negative impact on its economic performance. The resignation of President Jean-Bertrand Aristide on 29 February, the deployment of a multinational force to the country, the formation of a transitional government, the establishment in June 2004 of the United Nations Stabilization Mission in Haiti (MINUSTAH), and the floods in May and September were among the factors which created a climate of instability in a country which had already been experiencing a difficult situation. There were falls in gross domestic product (GDP), which was down 3.8%, consumption (-2%) and investment (-3.1 %). The slight rise in exports (2.8%) only partially made up for these negative developments.


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