Venezuela

Pervasive corruption, political instability, and limited economic freedom characterise Venezuela. Huge untapped oil reserves could bolster economic development, but crippling sanctions and hyperinflation continue to deter investors. Nonetheless, the…

The number of households is set to increase moderately in Venezuela over 2022-2027, with other becoming the dominant household type. In 2022 household spending was affected by inflation, which stood at 197.4% elevating living costs. The fastest…

Insight into income, wealth and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment to target, which…

The report examines the economic landscape of Venezuela and provides information on major monetary indicators, foreign trade, investments and government finance. The economy in Venezuela expanded in real terms in 2022, driven by increasing public and…

Economies that offer an efficient, fast and inexpensive path to starting a business enjoy great dynamism and high FDI intake. A country with a competitive business environment is offering sound transport and ICT infrastructure; an effective juridical…

Surging population expansion in Venezuela in 2021-2040 will be driven by natural increase, as well as positive net migration for most of the 2020s. While ageing will be a key trend impacting consumer behaviours to some extent, the country will remain…