In 2024, Venezuela registered economic growth Of 6.2%, an increase of 3.2 percentage points compared to 3% reached in 2023. This rebound, largely attributed to a “rebound effect” does not exempt the country from facing long -term structural challenges. Despite these obstacles, Venezuela positioned itself as the economy with the greatest expansion of the gross domestic product (GDP) in the region.
For its part, the Economic Commission for Latin America and the Caribbean (ECLAC)) reported moderate growth in the region as a whole for 2024. the GDP Of the main Latin American economies registered a slight decrease, from 2.3% in 2023 to 2.2% in the last year, reflecting the economic challenges that will persist in 2025.
Latin America 2025: Which country would have the greatest growth?
According to projections of the ECLACDominican Republic will lead economic growth in Latin America in 2025, with an expansion of the estimated GDP at 5.2%. Argentina will follow him, with an increase of 7.5 percentage points, and Paraguay, with a projected growth of 4.2%.
Other economies that will stand out for their dynamism will be Costa Rica (4.1%), Nicaragua (3.7%) and Honduras (3.6%). In contrast, Colombia will be located in position 15 with a planned growth of 2.6%, which will represent an improvement compared to 1.8% recorded in 2024.
Inflation in the region: countries with the highest and lowest indices
In 2024, inflation in Latin America was reduced to 3.4%, although it remains above the levels prior to the pandemic. Argentina headed the list with the greatest inflation, reaching the 112%followed by Venezuela (85%), Cuba (27%) and Bolivia (9.9%).
On the contrary, Panama reported the lowest inflation with a negative variation of -0.3%. Other countries with low inflation levels were El Salvador (0.3%), Ecuador (0.5%) and Costa Rica (0.84%). Meanwhile, Uruguay, Colombia, Brazil and Chile registered rates close to 5%.
ECLAC indicated that a slight increase in tax revenues is expected, mainly driven by the collection of taxes on the consumption of goods and services. However, income from other sectors could decrease due to the lower exploitation of non -renewable natural resources.
“A slight increase in tax revenues is expected, mainly caused by the collection of taxes on the consumption of goods and services. Income from other sources will decrease, due in part to lower income derived from non -renewable natural resources, ”as indicated in the entity’s report.
Venezuela in 2025: moderate growth with persistent challenges
For next year, ECLAC projects that Venezuela will experience a growth of 3.1%, reflecting a slowdown compared to 2024. Although this increase is linked again to a “rebound effect”, economist Alejandro Espitia, from the Javeriana University , consider that it will not be enough to solve the structural problems of the country.
Despite this panorama, President Nicolás Maduro stressed that the national economy made progress in the last year, despite high inflation and mass emigration. However, internal and external challenges continue to be determining factors in the Economic stability of the country.
Source: Larepublica
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