Venezuela
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1993 , pp 491-520
- Publication Date: December 1994
- DOI: https://doi.org/10.18356/d94452c7-en
- Language: English
- Previous Chapter
- Table of Contents
- Next Chapter
The Venezuelan economy entered a recession in 1993, after a very buoyant three years in which the economy grew at an average rate of around 8% per annum. Gross domestic product (GDP) dropped by about 8%, against a backdrop of political uncertainty, the increase in the cost of domestic borrowing and the curbing of public expenditure after a new fall in the main oil-related government revenues. Inflationary expectations, sustained by the deficit in the public accounts, led to a reduction in demand for liquidity by the public and caused price rises to accelerate to almost 46% for the year as a whole.
© United Nations
ISBN (PDF):
9789210601207
Book DOI:
https://doi.org/10.18356/a858e3b6-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Venezuela
-
From This Site
/content/books/9789210601207s002-c020dcterms_title,dcterms_subject,pub_keyword-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution105
/content/books/9789210601207s002-c020
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5