Despite continuing external headwinds, in particular the significant drop in the price of oil since mid-2014, the Colombian economy remained resilient in 2015, expanding by 3.1%.
The Americas Agriculture
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Chapter | Agriculture & Fisheries from The Report: Peru 2016
The Peruvian agriculture sector grew 1.5% in 2013 and 1.6% in 2014, according to the central bank, well below overall GDP growth of 5.8% and 2.4%, respectively. In the first six months of 2015 the sector contributed nearly 6% to GDP, and the fishing industry another 0.5%. Yet, while exports have risen strongly, sector growth in the first quarter of 2015 was just 0.5%, although this picked up...
After a difficult 2015, marked by lower commodity prices and reduced export revenues, Peru is on track to begin economic recovery in 2016, with increased mineral output set to drive much of its rebound. The IMF forecasts growth to rise to 3.3% in 2016, up from an estimated 2.5% in 2015.
Chapter | Agriculture from The Report: Mexico 2015
After a decade of slow growth, averaging 1.3% per year, Mexico’s agriculture sector made a comeback in 2014, outperforming the wider economy and highlighting the sector’s counter-cyclical nature. Buoyed by favourable climatic conditions, the sector ended 2014 posting growth of 2.8%, with total production reaching a value of $53.3bn, according to the National Institute of Statistics and...
At a time when a number of major Latin American economies, including Brazil and Venezuela, are heading toward recession, Mexico’s economy stands out in the region for its resilience. The country is expected to maintain a solid economic performance in 2015 and beyond, with the IMF estimating GDP growth of 3% and 3.3% in 2015 and 2016, respectively.
Chapter | Agriculture from The Report: Trinidad & Tobago 2015
The agricultural sector accounts for a tiny portion of T&T’s overall economy. It contributed an estimated 0.5% of GDP in 2014, according to the UN’s Food and Agriculture Organisation, while agricultural exports contributed just 0.01% of GDP. In labour terms, the sector accounted for 3.5% of total employment in 2013, or some 22,000 jobs, according to the central bank. While this is largely...