Venezuela
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1997-1998 , pp 309-317
- Publication Date: December 1998
- DOI: https://doi.org/10.18356/e5c14179-en
- Language: English
The Venezuelan economy grew at a rate of 5.6% in 1997, climbing out of the previous year's recession. This result was once again influenced by a notable (nearly 9%) expansion in the oil sector, although the other sectors also stepped up their activity levels, availing themselves of an improved macroeconomic climate and the favourable expectations generated by the implementation of the "Agenda Venezuela" adjustment programme in 1996. Thus the upward trend of unemployment was halted, and in the second half of the year the jobless total fell below 11%.
© United Nations
ISBN (PDF):
9789210582971
Book DOI:
https://doi.org/10.18356/5777322d-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Venezuela
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