Mining, manufacturing, and utilities contributed 51.3% to Venezuela’s GDP in 2025, followed by wholesale, retail trade, and hotels (23.2%) and transport, storage, and communications (6.5%). In nominal terms, these three subsectors are forecast to grow by 204.9%, 201.8%, and 201.6%, respectively, in 2026.
Venezuela’s central bank reported in March 2026 that oil exports generated $18.2 billion in revenue in 2025, slightly below the $18.4 billion earned in 2024. The update, released on March 24, 2026, is notable because the authority had not published this figure since 2018.
According to the WIPO, Global Innovation Index (2025), Venezuela was ranked 138th out of 139 nations in 2025 on the infrastructure parameter.
The IBVC Index exhibited a fluctuating trend over the past year. As of April 1, 2026, the index stood at 6,349.8 compared to 230.6 on April 1, 2025.
Venezuela’s central bank reported in March 2026 that oil exports generated $18.2 billion in revenue in 2025, slightly below the $18.4 billion earned in 2024. The update, released on March 24, 2026, is notable because the authority had not published this figure since 2018.
According to the WIPO, Global Innovation Index (2025), Venezuela was ranked 138th out of 139 nations in 2025 on the infrastructure parameter.
The IBVC Index exhibited a fluctuating trend over the past year. As of April 1, 2026, the index stood at 6,349.8 compared to 230.6 on April 1, 2025.
Report Scope
- Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
- This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
- These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions. The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
List of Exhibits- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- Exhibit 1: Venezuela’s Performance in Country Risk Analysis in Comparison to Americas and World Averages
- Exhibit 2: Performance Overview (Score: 0-100)
- Exhibit 3: Broad Categories and Weights Behind the Index
- Exhibit 4: IBVC Index (April 2025 - April 2026)
- Exhibit 5: Key Sectors’ Contribution to the Economy (2021-28f)
- Exhibit 6: FDI Inflows & FDI Stock
- Exhibit 7: Value and Number of Greenfield FDI projects (2020-24)
- Exhibit 8: Real GDP and Household Consumption Growth Rate (2021-28f)
- Exhibit 9: Real GDP Growth Rate Comparison (2025e)
- Exhibit 10: Volume of Export and Import of Goods and Services Growth (2021-25e)
- Exhibit 11: Current Account Balance (2021-25e)
- Exhibit 12: Interest Rates (February 2021 - February 2026)
- Exhibit 13: Exchange Rate and Inflation (2021-28f)
- Exhibit 14: Public Finance (2021-24)
- Exhibit 15: General Government Debt (2021-24)
- Exhibit 16: Unemployment Rate (2020-25e)
- Exhibit 17: Labor Force Participation Rate (2021-28f)
- Exhibit 18: Employment by Sector (2021-28f)
- Exhibit 19: Rural-urban Share of Total Population (2020, 2025e, 2030f, 2035f)
- Exhibit 20: Age-group Share of Total Population (2020, 2025e, 2030f, 2035f)
- Exhibit 21: Gender Split (2020, 2025e, 2030f, 2035f)
- Exhibit 22: Internet Users as a Percentage of Total Population, Mobile and Broadband Penetration Rates (2025e)
- Exhibit 23: Number of Patents Granted Per Million Population (2025e)
- Exhibit 24: R&D Expenditure as a Percentage of GDP (2022, or latest available year)
- Exhibit 25: Rule of Law Index (Rankings) 2025
- Exhibit 26: Corruption Perceptions Index (Rankings) 2025
- Exhibit 27: Renewable Electricity, Installed Capacity (2021-25e)
- Exhibit 28: CO2e emissions (2020-24)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- PDVSA
- Banko de Venezuela
