CORRECTED-Venezuela says economy shrank 4 percent in 2014

jueves 1 de octubre de 2015 16:37 GYT
 

(Corrects import and export data in the 11th paragraph to clarify that 2014 figures were for first nine months, not whole year; adds footnote about 2014 GDP figure in third paragraph)

CARACAS, Sept 30 (Reuters) - Venezuela's government said Gross Domestic Product (GDP) fell 4.0 percent in 2014, the worst performance around Latin America, according to a filing on Wednesday in the United States.

In its filing to the U.S. Securities and Exchange Commission, President Nicolas Maduro's government said the OPEC nation's petroleum sector expanded 0.3 percent last year, whereas the non-petroleum sector decreased 3.8 percent. (1.usa.gov/1j1qteQ)

The data, however, had a footnote saying they were 2014 figures "where available", leading some economists to conclude they were actually only figures for the first three quarters.

Maduro had said earlier this year that GDP shrank 3 percent last year.

The central bank, however, has given no GDP breakdown for the fourth quarter of 2014, or any figures at all for 2015, to the anger of opponents and consternation of economists.

Inflation was 68.5 percent.

Most economists predict a similar or worse GDP performance this year, with even higher inflation.

Venezuela makes the filing to the SEC because it is an issuer of dollar-denominated bonds.   Continuación...