Deputy Pérez Abad: Venezuela leads economic growth in Latin America in 2025

Published at: 14/10/2025 11:13 PM

The deputy to the National Assembly (AN), Miguel Pérez Abad, highlighted that during 2025 Venezuela has led “the highest level of Gross Domestic Product (GDP) in Latin America.”

He affirmed that the national economy continues to grow steadily, through initiatives promoted by the Bolivarian Government in coordination with the private sector.

In an interview with the Al Aire program, broadcast by Venezolana de Televisión, he highlighted that the country achieved growth of 7.7% during the first half of this year.

In addition, it projected that economic development in this last quarter of 2025 will exceed 9% to position itself as the economy with the highest growth in the region.

Pérez Abad explained that there are four sectors that lead economic growth in the country: the oil sector, which has grown by approximately 18%, the service sector and the commercial sector, which are around 15%, and the mining sector, which has a significant contribution.

He also specified that the country's growth projections estimated by the Economic Commission for Latin America and the Caribbean (ECLAC) show that endogenous development and the strengthening of national productive capacities are a tangible reality.

He pointed out that this transformation is reflected in the fact that about 98% of the products available in the country are domestically produced.

“We managed to overcome that very high dependence that we had on imported products and that is thanks to almost a decade of sanctions, blockades, unilateral coercive measures, which just as you haven't done much harm either, has been the trigger for the Venezuelan productive apparatus that has had the capacity to adapt and the resilience to take a different approach,” he said.