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12/28/12

Venezuela GDP grows by 5.5% in 2012

The Venezuela Central Bank (aka BCV) announced the 2012 GDP estimated growth figures today, Venezuela Analysis (aka V-Anal) picked up on the story for EngLang readers and here's how the 5.5% growth stacks up against the previous four years (pre/post LehmanSubprime), according to World Bank figures:


One of those things that tends to get missed in the rush when considering Venezuela 2012 is that the country's doing much better, that "it's the economy stupid" works for all types of countries and that Chávez's re-election wouldn't have been anywhere near as easy, or even in doubt, had the back pockets of rank and file Venezuelans not been improving.