In the first four years of the Chávez presidency, the economy grew at first (1999–2001), then contracted from 2001–2003 to GDP levels similar to 1997. At first, the economic decline was due to low oil prices, but it was fueled by the turmoil of the 2002 Venezuelan coup détat attempt and the Venezuelan general strike of 2002–03. Other factors of the decline were an exodus of capital from the country and a reluctance of foreign investors. GDP was 50.0 trillion bolivares in 1998. At the bottom of the recession in 2003, it was 42.4 trillion bolivares (in constant 1998 bolivares). However, GDP rebounded 50.1 trillion bolivares with a calmer political situation in 2004 and rose to 66.1 trillion bolivares in 2007 (both in constant 1998 bolivares).
Was the GDP larger in 1998 or in 2003?
1998