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In 2012, when this photo was taken in Caracas, Venezuela had Latin America's fourth-largest economy. Now it lags behind Ecuador, the Dominican Republic and Guatemala. (Photo: George Miquilena)
Thursday, October 17, 2019

Venezuela’s Economy: Smaller & Smaller

Dollarized economies remain stars in keeping inflation low.


Venezuela, which ranked as Latin America’s fourth-largest economy as late as 2012, now ranks as the tenth-largest in the region behind such economies as Ecuador, the Dominican Republic and Guatemala, according to a Latinvex analysis of new data from the International Monetary Fund (IMF). 

And in two years it will fall further to 13th place among the region’s 18 economies, lagging such economies as...

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Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela



Latin America’s GDP Ranking (2019-21)

Latin America GDP Growth (2019-21): Best & Worst

Latin America Inflation (2019-21): Lowest & Highest 

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