This report consists of key statistics about the economy of Venezuela. First, it provides an overview of the country's Gross Domestic Product (GDP), followed by a chapter on the Venezuelan labor ...

Oil has long been the mainstay of Venezuela's economy Venezuela's battered economy is one of the key battlegrounds in Sunday's presidential election, with President Nicolás Maduro hoping to ...

The report revealed a sharp drop in Venezuelan imports in 2016, when purchases totaled US$16.4 billion, half of the US$33.3 billion of the previous year. Venezuela's economy shrank a massive 16.5% ...

After eight years of economic crisis, Venezuela's economy is showing a few signs of recovery. But as BBC News Mundo's Norberto Paredes reports from Caracas, while some of those living in the ...

and exports in Venezuela are so stymied that the country's output may fall by a quarter this year alone. That's the worst performance of any economy since Libya fell into civil war in 2014 ...

Crashing oil prices have left Venezuela, which gets 95% of its export ... Unrelenting inflation has also staggered the economy. The rate reportedly reached 69% in December 2014, and estimates ...

Economics Explained How Venezuela's Economy Became a Disaster! Posted: November 14, 2024 | Last updated: November 14, 2024 Venezuela, a nation blessed with the largest oil reserves in the world ...

In general, Venezuela during these six years lost half of its economy, affected by the deepening of controls and state expropriations, by the decrease in oil production and foreign exchange ...

The economy contracted by almost 6% last year, and is expected to shrink by as much as 10% this year. Venezuela was once Latin America’s exemplar: home to Simón Bolívar, who freed much of the ...

People line up outside a supermarket in Caracas. Inflation soared in the first nine months of 2015 to 141.5 per cent. Caracas - Inflation soared in the first nine months of last year to an annual ...