RIP Hugo Chavez
Out of context: Reply #39
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- lowimpakt0
ernexbcn - I'm trying to be objective on this but on what measure are you saying " the worst economic situation it has ever been"
I'm looking through some time-series data on Venezuela GDP, GNI etc http://databank.worldbank.org/da…
There is a broad decline and moderate growth between 1976 and 1986, steep declines in 1991, 1997.
The two worst years since the 1960's for growth were 1989 (-10.7%) and 2002 (-10.5%). 2004 saw the most growth at anytime since 1960 - again followed by a flow decline but with growth returning between 2009 - 2011.
Fuel exports started to decline in 1983 and growing again in 1998 (although dropped off the chart in 2010). Ore and metal exports have been steady since 1960 but shot higher than ever in 2010
Since 1994 the highest year of interest rate were 1993 and 1998
external debt stocks increased massively between 1970 and 1989 but have been in decline since
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this is all fascinating. i'm hooked on boring data