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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 ...
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 ...
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Venezuela's economy has been in a state of total economic collapse since 2013. [32] In 2015, Venezuela had over 100% inflation—the highest in the world and the highest in the country's history at that time. [33]
The Biden administration must aggressively sanction Venezuelan state-owned businesses to combat Maduro's repression and quell dissent, as the country's dictator shows no sign of stepping down ...
In the coastal state of Falcón, demonstrators toppled a statue of Maduro, video on social media showed. Venezuelan authorities have announced that flights from Panama and the Dominican Republic ...
A light map of Venezuela on the night of 7 March 2019 and the night of 8 March 2019. [a]Nationwide recurring electrical blackouts in Venezuela began in March 2019. Experts and state-run Corpoelec (Corporación Eléctrica Nacional) sources attribute the electricity shortages to lack of maintenance and to a lack of technical expertise in the country resulting from a brain drain.