CARACAS, Aug 8 (NNN-PRENSA LATINA) — The economy of Venezuela will grow above nine percent in 2025, according to a report by ECLAC that positions the country as the one with the highest expected growth in the region, highlights today the national press.
The Economic Commission for Latin America and the Caribbean (ECLAC) predicts that, by the second half of the year, Venezuela’s Gross Domestic Product (GDP) will increase by two per cent, which, added to the 7.71 per cent growth in the first six months, will complete the economic expansion of the South American country.
Despite the sanctions and coercive measures maintained by US President Donald Trump, stolen funds and conspiracies of the extreme right, Venezuela has maintained economic growth during the last 17 quarters, due to the recovery of key sectors.
The oil industry currently produces 1.1 million barrels per day, with expectations of a significant increase by the end of 2025, as the country moved from importing 90 percent of food to producing 97 percent of national consumption.
According to the ECLAC report, the countries where the highest GDP growth is expected in the second half of 2025 are: Argentina with five percent, Panama with 4.2 percent, Paraguay with four percent, Dominican Republic with 3.7 percent, Guatemala with 3,6 per cent and Costa Rica with 3.5 per cent. — NNN-PRENSA LATINA
