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Reuters
Reuters
Business
By Deisy Buitrago

Venezuelan economy grew above 15% in 2022, president says

Venezuela's President Nicolas Maduro attends a state of the nation address at the National Assembly, in Caracas, Venezuela January 12, 2023. REUTERS/Leonardo Fernandez Viloria

Venezuela's economy expanded around 15% last year, President Nicolas Maduro said on Thursday during his annual state of the nation address, crediting the expansion to diversification of the largely oil-focused economy.

The South American country's economy grew 17.73% year-over-year in the first three quarters of 2022, its central bank said in December, following an eight-year economic collapse.

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