Bolivarian Republic of Venezuela
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2006-2007 , pp 111-117
- Publication Date: April 2007
- DOI: https://doi.org/10.18356/2a625869-en
- Language: English
In 2005, the Bolivarian Republic of Venezuela recorded GDP growth of 10.3%, driven by buoyancy in non-oil activities (11.7%). With the exception of the petroleum sector (-1.9%), all branches of economic activity registered rises, with the highest rates being observed in construction (32.1%), financial services (39.2%), communications (23.2%) and commerce (19.9%). On the demand side, the components that showed the strongest growth rates were investment (30%), chiefly public investment in infrastructure, and private consumption (18.8%). In the first quarter of 2007 the economy expanded by 8.8% over the same quarter of the preceding year. Although still high, this rate of growth represents a slowdown in economic activity.
© United Nations
ISBN (PDF):
9789211561111
Book DOI:
https://doi.org/10.18356/109b6df0-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Venezuela
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