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This article needs to be updated. Please help update this article to reflect recent events or newly available information. (April 2023) Economy of Venezuela Plaza Venezuela in Caracas Currency Bolívar Digital (VES) Fiscal year Calendar year Trade organizations WTO, OPEC, Unasur, ALBA Statistics Population 28,301,696 (2022) GDP $102.328 billion (nominal, 2024 est.) $224.526 billion (PPP, 2024 ...
It is the worst economic crisis in Venezuela's history, and the worst facing a country in peacetime since the mid-20th century. The crisis is often considered more severe than the Great Depression in the United States, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. [5]
An October 2020 report published by the Washington Office on Latin America (WOLA) by Venezuelan economist Luis Oliveros found that "while Venezuela's economic crisis began before the first U.S. sectoral sanctions were imposed in 2017, these measures 'directly contributed to its deep decline, and to the further deterioration of the quality of ...
The 2024 Venezuelan blackouts were a series of interruptions to Venezuela's electrical service nationwide. The interruptions began on 27 August with a blackout that affected 12 states in the country at around 7:12 pm VET, [1] [2] lasting until service restorations began at approximately 8:30 pm. [3] On 30 August, another blackout was recorded that left more than 20 states in the country ...
The negotiations during the crisis in Venezuela are the negotiation and dialogue attempts and processes between the government of Nicolás Maduro and the Venezuelan opposition. Although numerous dialogue processes and roundtables have taken place, by 2023 none had been effective in achieving a solution to the country's crisis. [1]
The 2024 Venezuelan political crisis refers to the ongoing crisis in Venezuela that was aggravated after the 2024 Venezuelan presidential election results were announced. [ 1 ] [ 2 ] [ 3 ] The 2024 election was held to choose a president for a six-year term beginning on 10 January 2025.
The Coordinadora Democrática, led by the business federation Fedecámaras and the trade union federation Confederación de Trabajadores de Venezuela (CTV), called for a fourth paro cívico, which turned out to be the most serious, and is known as the 2002–2003 oil strike, to begin on 2 December 2002. The opposition also called a recall ...
Canada's Special Economic Measures (Venezuela) Regulations were amended on 30 May 2018 to account for the "economic, political and humanitarian crisis in Venezuela" that the Canadian statement said "moves [Venezuela] ever closer to full dictatorship". [189] The government sanctioned Maduro's wife, Cilia Flores, and 13 other members of the ANC ...