Search results
Results from the WOW.Com Content Network
By 2023, the economic situation of Venezuela improved, with the economy growing by 15% and extreme poverty rates decreasing, thanks to a liberalized economy and more access to the United States dollar. However, inequality is high, with wealthy Venezuelans making more than 70 times the poorest ones. [44]
Since 2018 Mayela has reported for Reuters on Venezuela’s economy and general news from capital Caracas. She is particularly interested in covering the effects of Venezuela’s economic crisis ...
With 102 billion U.S. dollars, Venezuela ranks 10th in the largest economies of Latin America. Nonetheless, if the course of the economy remained constant since its peak in 2012, we could be...
In recent years, Venezuela has suffered economic collapse, with output shrinking significantly and rampant hyperinflation contributing to a scarcity of basic goods, such as food and medicine.
Income from PDVSA - via sales and taxes - will cover 53% of the government's spending needs, equivalent to $10.1 billion, according to the exchange rate calculated by Venezuela's central bank. In ...
The Venezuelan economy is based primarily on the production and exploitation of petroleum. From the late 1940s to 1970 the country was the world’s largest petroleum exporter, and it was long one of the principal exporters of oil to the United States.
Want to get insight on the economic outlook for Venezuela in the coming years? FocusEconomics collects projections out to 2034 on 47 economic indicators for Venezuela from a panel of 20 analysts at the leading national, regional and global forecast institutions.
After a brief recovery on the back of de-facto dollarization, Venezuela's economy is once again falling victim to high inflation, lagging salaries, and decreases in purchases and production...
Venezuela’s economy imploded nearly a decade ago, prompting a huge outflow of migrants in one of worst crises in modern Latin American history. Now there are signs the country is settling into...
In terms of domestic policy, the Maduro regime will focus on reviving oil production and making piecemeal liberalisation efforts to attract private investment and jump-start an economy that has fallen back into recession.