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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]
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 ...
During the crisis in Venezuela, the United States, Canada, Mexico, Panama, Switzerland individually, and the countries of the European Union collectively, have applied sanctions against people associated with Maduro's administration, including government officials, members of the military and security forces, and private individuals. [419]
During the crisis in Venezuela, the United States, the European Union, Canada, Mexico, Panama and Switzerland have applied individual sanctions against people associated with Maduro's administration, including government officials, members of the military and security forces, and private individuals alleged to be involved in human rights abuses ...
There was censorship and media control during the Venezuelan presidential crisis between 2019 and January 2023.. A crisis concerning who was the legitimate president of Venezuela began on 10 January 2019, when the opposition-majority National Assembly declared that incumbent Nicolás Maduro's 2018 reelection was invalid and the body declared its president, Juan Guaidó, to be acting president ...
The 2024–2025 Venezuelan political crisis is 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.
8 April – Mothers and fathers in Chacao had a silent demonstration and dressed in black with blank signs to protest against those who lacked interest in Venezuela's current crisis. [289] A meeting between MUD and the Venezuelan government was held at the Casa Amarilla after the government accepted conditions for dialogue. [290]
Before the crisis, the transmission lines were transmitting 1,000 MW over their capacity during the peak hours. [36] The high temperatures Venezuela experiences between April and May also influence the saturation of these lines. [37] The company Enelven, responsible for the affected areas, has not reported on the causes of this energy slump. [36]