Preliminary Overview of the Economies of Latin America and the Caribbean 2004

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cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 33.5(2004)
cepal.callNumberLC/G.2265-P
cepal.divisionEngEconomic Development Division
cepal.divisionEngStatistics Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.divisionSpaDivisión de Estadísticas
cepal.docTypeInformes periódicos
cepal.idSade20480
cepal.physicalDescriptiongráficos, tablas
cepal.regionalOfficeSantiago
cepal.saleNumber04.II.G.147
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngMACROECONOMICS
cepal.topicEngPRICES
cepal.topicEngTRADE IN GOODS AND SERVICES
cepal.topicEngBALANCE OF PAYMENTS
cepal.topicEngECONOMIC INDICATORS AND PROJECTIONS
cepal.topicEngEMPLOYMENT
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaPRECIOS
cepal.topicSpaCOMERCIO DE BIENES Y SERVICIOS
cepal.topicSpaBALANZA DE PAGOS
cepal.topicSpaINDICADORES ECONÓMICOS Y PROYECCIONES
cepal.topicSpaEMPLEO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.entityNU. CEPAL
dc.coverage.spatialEngCARIBBEAN REGION
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.coverage.spatialSpaCARIBE
dc.date.accessioned2014-01-02T14:25:41Z
dc.date.available2014-01-02T14:25:41Z
dc.date.issued2004-12
dc.descriptionIncludes bibliography
dc.description.abstractThis annual publication, one of the most important of ECLAC, includes official country figures up to November 30th, and an analysis of developments in the region's economy in 2004 and projections for 2005. The Latin American and Caribbean economy grew by 5.5% in 2004, outstripping the most optimistic forecasts, while the region's per capita GDP is estimated to have risen by about 4%. In 2005 GDP growth is projected to come in at about 4%; this rate would be high enough to bring about a further increase in per capita GDP. All the countries except Haiti turned in positive growth rates. For the second time in the past 20 years (the first time was in 1997), all of the region's six largest economies —Argentina, Bolivarian Republic of Venezuela, Brazil, Chile, Colombia and Mexico— posted growth of over 3%. The region's strong economic performance was closely tied to developments in the international economy. World economic activity picked up speed in 2004, resulting in estimated global GDP growth of just under 4% (versus 2.6% in 2003), while the expansion of world trade could top 9% (versus 5.5% in 2003). The United States and China were the engines of this expansion, which contributed to the commodity price hikes that have benefited many countries of the region, especially those in South America, but have hurt the resource-poor economies of Central America and the Caribbean. The propitious international environment played a crucial role in the recovery of the terms of trade, which had already improved by 1.3% in 2003. In 2004 the region's terms of trade rose by 5.6% as a result of a 10.5% increase in export prices and a much smaller (4.7%) rise in import prices. The trends observed in the prices of commodities, especially oil and metals and minerals, were a key determinant of this outcome. Higher labour demand translated into a significant increase in the generation of employment. The labour supply, meanwhile, grew moderately and the unemployment rate fell from 10.7% in 2003 to 10% this year. ECLAC estimates that this slight decline in unemployment, along with an incipient recovery of wage levels, contributed to the small downturn seen in the region's poverty rate, from 44.4% of the population in 2003 to an estimated 42.9% in 2004. The Preliminary Overview of the Economies of Latin America and the Caribbean is an annual ECLAC publication prepared by the Economic Development Division in cooperation with the Statistics and Economic Projections Division, the Commission's subregional headquarters in Mexico City and Port of Spain and the ECLAC offices in Argentina, Brazil and Colombia. The report also reflects the valuable input received from the central banks and national statistical offices of the countries of the region, which provide the statistical information that serves as a basis for its preparation.
dc.formatTexto
dc.format.extent165 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9211215277
dc.identifier.unSymbolLC/G.2265-P
dc.identifier.urihttps://hdl.handle.net/11362/963
dc.language.isoeng
dc.physicalDescription165 p. : gráfs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesPreliminary Overview of the Economies of Latin America and the Caribbean
dc.relation.translationLanguagespa
dc.relation.translationRecordBalance preliminar de las economías de América Latina y el Caribe 2004
dc.relation.translationUrihttps://hdl.handle.net/11362/962
dc.rights.coarDisponible
dc.subject.unbisEngBALANCE OF PAYMENTS
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisEngECONOMIC POLICY
dc.subject.unbisEngEXPORTS
dc.subject.unbisEngEXTERNAL DEBT
dc.subject.unbisEngFOREIGN INVESTMENTS
dc.subject.unbisEngGROSS DOMESTIC PRODUCT
dc.subject.unbisEngIMPORTS
dc.subject.unbisEngINFLATION
dc.subject.unbisEngUNEMPLOYMENT
dc.subject.unbisEngWAGES
dc.subject.unbisEngTRADE IN SERVICES
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaBALANZA DE PAGOS
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaDESEMPLEO
dc.subject.unbisSpaDEUDA EXTERNA
dc.subject.unbisSpaEXPORTACIONES
dc.subject.unbisSpaIMPORTACIONES
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.subject.unbisSpaINFLACION
dc.subject.unbisSpaINVERSIONES EXTRANJERAS
dc.subject.unbisSpaPOLITICA ECONOMICA
dc.subject.unbisSpaPRODUCTO INTERNO BRUTO
dc.subject.unbisSpaSALARIOS
dc.subject.unbisSpaCOMERCIO DE SERVICIOS
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titlePreliminary Overview of the Economies of Latin America and the Caribbean 2004
dc.type.coarpublicación seriada
dspace.entity.typePublication
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Balance Preliminar de las Economías de América Latina y el Caribe