Besides maintaining 17 consecutive quarters of growth, Venezuela will have a GDP expansion of 6.5%.
On Tuesday, the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) confirmed that regional gross domestic product growth will rise to 2.4% in 2025, slightly above the 2.3% recorded last year.
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In its Preliminary Overview of the Economies of Latin America and the Caribbean 2025, ECLAC highlighted that Venezuela will post the most significant economic expansion in the region.
More specifically, the countries with the highest GDP growth rates will be Venezuela (6.5%), Paraguay (5.5%), Argentina (4.3%) and Costa Rica (4%). They are followed by Guatemala (3.9%), Honduras (3.8%), Panama (3.8%), El Salvador (3.5%), Nicaragua (3.5%), Peru (3.2%) and Ecuador (3.2%).
Trailing, but still posting positive figures, are the Dominican Republic (2.9%), Colombia (2.6%), Chile (2.5%), Brazil (2.5%) and Uruguay (2.2%). On average, Caribbean islands are projected to grow 1.9% in 2025. The economies of Cuba (-1.5%) and Haiti (-2.3%), however, are expected to contract in 2025.
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Latin America, the world’s most unequal region, grew 6.9% in 2021 as a rebound from the pandemic collapse, but slowed to 3.7% in 2022 and closed 2023 with growth of 2.3%, the same figure recorded in 2024 and the same rate ECLAC projects for 2026.
Commenting on the latest economic outlook, ECLAC Secretary Manuel Salazar-Xirinachs said that while current Latin American per capita GDP is slightly higher than it was 10 years ago, the pace of poverty reduction and the trend toward lower informal employment have stalled. Job creation also remains weak.
“More ambitious productive development policies are needed, especially today under new conditions of geoeconomic rivalry, combined with macroeconomic policies that mobilize more resources for growth, innovation, economic diversification, productive transformation and the creation of quality jobs,” he said.
#Venezuela 🇻🇪 The Great Constituent Congress of the Working Class is taking place, where thousands of workers are discussing productivity and the defense of national sovereignty, among other issues. pic.twitter.com/yYjpWfDgTl
— teleSUR English (@telesurenglish) December 16, 2025
teleSUR/ JF
Sources: ECLAC – EFE
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