Archive for February 27th, 2011

Despite the oil windfall GDP per capita is only up 3.5% over the last twelve years in Venezuela

February 27, 2011

And from the website algodeeconomia.com, a very simple graph; using BCV data, GDP per capita in constant Bs. , since 1998. Over half a trillion dollars in oil income and all you can show for it is an improvement of 3.5% in twelve years. It is not even worth calculating how much that is per year: Tiny.

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