The Central Bank of Venezuela said the economy increased by more than 17 percent in the first three quarters of 2022!

America News Desk !!! Venezuela’s economy increased by 17.73 percent in the first three quarters of 2022 compared to the same period of 2021. This information was given by the Central Bank of Venezuela. The bank said in a report on Friday that GDP increased by 17.45 percent at stable prices during the first quarter of the year, while it rose 23.3 percent in the second and in the third 13.22 percent. The report said that public sector productivity rose 20.03 percent in the first three quarters, while private sector productivity rose by 15.55 percent. According to the report by the Xinhua news agency, the most increased areas include transport and storage (54.35 percent), manufacturing (39.61 percent) and trade (25.28 percent). The construction sector had a 35.45 percent increase, with an important role in the construction of non-residential projects. Meanwhile, according to the report, the oil sector had a 27.09 percent increase between January and September due to improving the production capacity of crude oil by direct management and joint ventures. The bank said in the report that the positive growth in most economic activities was clear in the last five quarters, which is visible to the national productive system -friendly performance. -Ians CBT World News Desk !!! Share this story