Bolivarian Republic of Venezuela
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2009-2010 , pp 92-97
- Publication Date: July 2010
- DOI: https://doi.org/10.18356/e9895081-en
- Language: English
The Venezuelan economy contracted by 3.3% in 2009, and the rate of inflation was 25.1%. The country’s level of economic activity is expected to slow down further in 2010, with real GDP projected to fall by about 3%. It is also expected that inflation will remain high given the limited availability of foreign currency for importing goods and services at the official rates of exchange despite the recovery of oil prices during the second half of 2009 and early 2010. This limited availability is due to an imbalance between supply of and demand for foreign currency.
© United Nations
ISBN (PDF):
9789210545808
Book DOI:
https://doi.org/10.18356/e4980ff6-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Venezuela
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