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Economic Survey of Latin America and the Caribbean 2007-2008

Macroeconomic Policy and Volatility

image of Economic Survey of Latin America and the Caribbean 2007-2008

The Economic Survey is one of ECLAC's flagship publications, and has been issued since 1948. This new edition covers the region's economic performance in 2007 and the first semester of 2008, and suggests growth estimates for this year.

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Cuba

In 2007, the Cuban economy posted GDP growth of 7.3%, with a similar growth rate in per capita GDP, since population growth was almost nil. The overall fiscal deficit increased slightly, from the equivalent of 3.0% of GDP in 2006 to 3.1% in 2007. The rate of inflation rose by 2.8%, which was half the previous year’s rate (5.7%). The balance-of-payments current account showed a surplus equivalent to 0.8% of GDP.

English

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