September 7, 2011
First quarter GDP growth in Venezuela was driven by manufacturing and by commerce and repair, both of which saw annualized growth greater than 20 percent. In the second quarter, both of these sectors contracted, bringing down overall GDP growth with them. Together, these sectors added 11.6 percentage points to first-quarter growth; they subtracted 5.5 percentage points of growth from second-quarter GDP.
For more, check out our latest Latin America Data Byte.