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energy consumption. Under current social and economic conditions, each point on the population growth index means one point on the energy consumption index. In the case of economic growth, things are different. The relationship between per capita income growth and energy consumption tends to be a logarithmic one, biased by inflation rates and income distribution inequity (Gini index). Gross domes- tic product (GDP) figures based on PPP indicate that LAC’s economies account for 8 percent of the world’s economy, opposed to 5 percent when based on GDP convert- ed to US dollars at current exchange rates. Brazil and Mexico are the largest economies in the region, and account for nearly two-thirds of LAC’s GDP, and 61 percent of its population. The region’s average GDP per capita is 9,064 USD in PPP terms. Chile, Mexico, and Argentina have the highest GDP per capita in the region, while Paraguay and Bolivia have the lowest. LAC’s current individual energy con- sumption exceeds the world average. Country values range from 1.0-1.5 times the world average for Mexico, to less than 0.5 times the world average for Bolivia. Regional GDP annual growth is expected to slow in the years ahead, reach- ing 4.5 percent in 2008, and only 4.3 percent in 2009. This estimation is support- ed by Brazil’s continued and strong growth, and the rebound from a weak 2007 for Mexico. In other countries —especially Ecuador, Bolivia, Argentina and Venezuela— growth is likely to slow down. Excluding those countries, regional GDP growth is expected to slow down only marginally, from 4.4 percent in 2007 to 4.2 percent in 2008 —due to the United States’ economic weakness—before recovering to 4.3 percent in 2009. Should these predictions become a reality, they would represent the longest positive growth spell for LAC since the 1960s. Despite the gradual worsening of current account balances due to increasing commodity prices and slower global demand escalation, strong growth is likely to persist, supported by a continuous APPENDIX 111PDF Image | SUSTAINABLE ENERGY IN LATIN AMERICA CARIBBEAN
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