Venezuela

In contrast to the small increase in gross income registered in the preceding year, the increment of 9 per cent in 1954 may be considered very satisfactory. Per capita income rose by 7 per cent, whereas it had fallen by 0.5 per cent in 1953. Investment amounted to 22.8 per cent of the gross income, a ratio which, though high, was lower than in the previous year. The terms of trade, after remaining Unfavourable for several years, improved in 1954, while the gross product and available goods showed changes similar to those of income.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions