Oil continues to be the investment force with the greatest possibilities in Venezuela
CARACAS, MIRANDA, VENEZUELA, January 4, 2023 /EINPresswire.com/ -- The article, written by Venezuelan financial consultant Juan Vicente Araujo analyzes the end of 2022 in the different sectors of Venezuela.
At the end of the year, the Central Bank of Venezuela reported that the
GDP grew by 17.45% in the first quarter; in the second, 23.3% and the third, 13.22%.
The sectors that have grown the most in Venezuela in 2022
Public sector productivity grew by 20.03% in the first three quarters, while private sector productivity grew by 15.55%.
In 2022, the fastest growing sectors in Venezuela have been transportation and warehousing, manufacturing and trade.
In addition, the construction sector experienced a growth of 35.45%.
"The construction of non-residential projects has played a key role," says financier Juan Vicente Araujo Bradley.
The oil sector in Venezuela
Venezuela is a country that is characterized by having one of the largest crude reserves in the world.
In 2022, the oil sector experienced a growth of 27.09% between January and September.
"This is the cause of the recovery of oil production capacity through direct management and joint ventures," says Juan Vicente Araujo.
Economic activity and infrastructure
investments "Infrastructure investment is very necessary in Venezuela today. It is an essential variable in the development of a country that is driven by business activity," explains Juan Vicente Araujo Bradley.
Such business activity is driven by communications, transportation, distribution, finance and energy supply.
These assets are certainly fundamental to society and economic growth.
2021 and 2022 have been two years of positive growth in most of Venezuela's economic activities.
"In short, 2022 has been a very profitable year for the transport, storage, manufacturing and trade sectors," concludes Juan Vicente Araujo.
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