New York Times Reports False Statement on Venezuela’s Economic Growth During Chávez Years

03/08/2013 12:00am

In an article by William Neuman, the New York Times reports that “Venezuela had one of the lowest rates of economic growth in the region during the 14 years that Mr. Chávez held office, according to World Bank data.”

According to the latest IMF data, which is the same as World Bank data but includes 2012, Venezuela ranks 15th out of 33 countries in Latin America and Caribbean in GDP growth for 1999-2012.  Countries that grew slower than Venezuela during this period include Brazil, Mexico, El Salvador, Guatemala, Jamaica, Nicaragua, Paraguay, Uruguay and 10 other countries. 

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