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Latin America and the Caribbean

Projections 2006-2007

  • Author: UN, ECLAC
  • Publication date: October 2006
  • Page count: 60
  • Language(s) in this book: English
  • Sales number: 06.II.G.55

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About the product

The gross domestic product of countries in Latin America and the Caribbean will grow by 4.6% in 2006, up slightly from 2005. This could lead to an increase of more than 3% in per capita GDP, stemming from continuing strong domestic demand, as well as from an external sector that will continue to be driven by lively world trade, spearheaded by the Asian economies. The region's average growth rate is expected to fall slightly in 2007 by approximately half a percentage point, chiefly because Argentina and the Bolivarian Republic of Venezuela will have completed their recovery. These are the main conclusions expressed in this document, prepared by the Economic Projections Centre.