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Common shortages in Venezuela started as early as 2008 in government-run food networks, such as Mercal and PDVAL. [38] In January 2008, 24.7% of goods were reported to be unavailable in Venezuela, with the scarcity of goods remaining high until May 2008, when there was a shortage of 16.3% of goods. [39]
Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated US$14.3 trillion worth [28] of natural resources and is not self-sufficient in most areas of agriculture. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. [29]
Venezuela private sector nonpetroleum exports in millions of US$ from 1997 to 2015 (orange=goods, yellow=services) [170] Venezuela is a founding member of the Organization of the Petroleum Exporting Countries (OPEC), the Organization of Gas Exporting Countries , the Bolivarian Alliance for the Peoples of Our America (ALBA) and the Community of ...
Hyperinflation in Venezuela was the ... (Bs.F) to 2.60 bolívares (for imported healthcare goods and ... the new minimum wage covers only one tenth of the cost of ...
During Venezuela's economic crisis, the rate of gold excavated fell 64.1% between February 2013 and February 2014 and iron production dropped 49.8%. [35] The production of steel and aluminium of multiple Venezuelan steelmakers dropped in 2014, with the state-owned steelmaker Sidor having a drop in production of 33.5%, the lowest levels since the 1980s.
The impact of those cost increases would be nearly five times ... if Donald Trump follows through with a proposal to impose 10%-20% tariffs on all imports and a 60% tariff on Chinese goods. ...
The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places. Price level indexes (PLIs), with the world average set at 100, are ...
The good news is McDonald's is finally bringing back fries in Venezuela after getting rid of them last year, according to the AP. The bad news is the regular will cost about $79 — 500 bolivars ...