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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 ...
Venezuela's economy is highly dependent on oil production and exportation. [2] Venezuela is a member of the Organization of Petroleum Exporting Countries. Its economy is prone to disruption given that price of oil fluctuates rapidly. In 2014, oil prices dropped. Since then Venezuela has had to adapt to a significant decrease in state revenue.
Venezuela's recent abrupt reversal in its nascent rapprochement with the United States and domestic opponents is likely a response to declining support among its traditional base, according to ...
The US on Monday joined Venezuelan civil society groups and the opposition by calling on Venezuela’s government to “immediately” release specific data on the presidential election, citing ...
Mutually, the United States says that Russian action(s) in Caracas is unprofitable, [77] and severely criticized [78] for sending Russian troops to Venezuela. [79] [80] An article of The Wall Street Journal reported that Russia state defense contractor reduced Rostec staff in Venezuela in June due to "the acceptance that Mr. Maduro’s regime ...
The MSRI incorporates resilience measurement of both market system actors and households. It is composed of 5 principles and 11 determinants, following standards set by the Donor Committee for Enterprise Development (DCED) and integrated with household-level agroecosystem indicators of resilience.
Washington, which rejected Maduro's 2018 reelection as a sham, broadly eased sanctions on Venezuela's oil industry last October in response to a deal between Maduro and opposition parties.
In 2018, Venezuela's debt grew to US$156 billion [310] and as of March 2019, its reserves had dropped to US$8 billion. [311] With the exception of PDVSA's 2020 bonds, [312] as of January 2019, all of Venezuela's bonds are in default, [313] and Venezuela's government and state-owned companies owe nearly US$8 billion in unpaid interest and ...