This Tuesday, March 22, during a special session of the National Assembly, the Vice President of Venezuela, Delcy Rodríguez, presented a report detailing the nation’s economic recovery during the year 2021, summarized below:
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• Venezuela’s liquid income increased 137.9% in 2021. In 2021, “Venezuela’s liquid income reached the amount of $1.8 billion,” said Rodríguez from the Federal Legislative Palace, headquarters of Venezuela’s National Assembly.
• Venezuela remains one of the countries with the least inequality, maintaining its Gini coefficient below 39%.
• “Venezuela overcame hyperinflation,” Rodríguez said. “The program of Guaidó and the United States had led to the fact that, in January 2019, monthly inflation was 197%, the maximum of the economic and financial suffocation against Venezuela. In the month of February of 2022, inflation closed at 2.9%, marking six months with single-digit inflation.”
• In 2021, 22% of the capacity of the electrical system was recovered, 18% of the capacity of the water distribution system, 19% of natural gas distribution, and 39% of gasoline distribution.
• Rodríguez also noted that the export of unconventional products increased by 76%. “This led ECLAC [Economic Commission for Latin America and the Caribbean], in its 2021 report, to place Venezuela as one of the leading exporting countries in Latin America and the Caribbean, occupying eighth place.”
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The vice president said that, although the year 2021 represented the beginning of the recovery, “there is still a long way to go,” and expressed her gratitude to the public sector workers whose efforts led to improvements in services, and increased oil production.
Featured image: Speech by Vice President Delcy Rodríguez during the delivery of the 2021 Annual Report. Photo: Vice Presidency of Venezuela.
Translation: Orinoco Tribune
orinocotribunehttps://orinocotribune.com/author/orinocotribune/March 22, 2023
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