Nor did they mention that the elected governments of Hugo Chavez reduced extreme poverty by over 70%, reduced poverty by 50%, halved unemployment, quadrupled the number receiving a state pension and achieved 100% literacy. Chavez took Venezuela from the most unequal society for wealth distribution in Latin America to the most equal.

From 1999-2003, the government did not control the state oil company; in fact, it was controlled by his opponents, who used it to try to overthrow the government, including the devastating oil strike of 2002–2003. For that reason, a better measure of economic growth under the Chávez government would start after it got control over the state oil company, and therefore the economy.
Above you can see this growth both measured from 2004, and for the 1999-2012 period. We use 2004 because to start with 2003, a depressed year due to the oil strike, would exaggerate GDP growth during this period; by 2004, the economy had caught up with its pre-strike level of output. Growth after the government got control of the state oil company was much faster.

And the private sector grew more :







From https://cepr.net/publications/venezuelan-economic-and-social-performance-under-hugo-chavez-in-graphs

See also : 50 Truths about Hugo Chavez and the Bolivarian Revolution

And more in link with the title : https://x.com/i/status/2007530529097232487