Venezuelan President Nicolás Maduro announced that his country's Gross Domestic Product (GDP) grew by over 6% in the second ...

When oil prices are high, Venezuela enjoys economic growth. When oil prices drop, the country experiences magnified economic downturns because it relies too heavily on oil exports.

Venezuela Defies Expectations As Economy Rebounds By Matthew Smith - Jun 21, 2023, 9:00 AM CDT ...

Venezuela this year is among the fastest growing economies in Latin America. The economy expanded at a quicker rate than last year’s third quarter, when growth stood at 4.4 percent.

Venezuela is facing a resurgence of violence and economic turmoil following allegations of fraud in the recent presidential elections favoring Nicolás Maduro. These accusations have ignited ...

Yet even here, caution should temper enthusiasm. Part of the fourth quarter’s growth is the result of comparing economic activity with the same period of 2009, when the economy was contracting.

Venezuela's deepening electricity crisis may drag on the economy for several years, dashing government hopes for GDP growth, slashing fuel exports from the OPEC country, and ushering in lengthy ...

Venezuela's partial dollarization has allowed for tenuous growth in commerce and services but is not enough to ensure recovery from years of hyperinflation, the president of business chamber ...

Venezuelan officials are reporting 5.2 percent economic growth for the third quarter as compared to the same period last year.Venezuela's Central Bank credited more supplies of imported goods and ...