In 2024, Venezuela's nominal GDP was estimated at $102.328 billion.
In 2024, Venezuela's
population is estimated to be around 34.1 million people.
Since 2016, the population of Venezuela has dropped from 30,765,720 to 28,516,896.
Year Population
2016 30,765,720
2017 30,565,323
2018 29,807,592
2019 28,938,098
2020 28.444,077
2021 28,237,826
2022 28,213,017
2023 28.300,854
2024 28,405,543
2025 28,516,896
https://www.worldometers.info/world-population/venezuela-population/
In 2024, Venezuela's nominal GDP per capita was estimated to be $3,867.
Venezuela's oil exports have
seen a significant decline and subsequent recovery in recent years. After
reaching a low of 438,173 barrels per day in 2022, exports increased
to 550,168 barrels per day in December 2023. This recovery is partly due
to increased sales to Asia and the easing of some US sanctions in 2023, according
to Reuters.
https://www.google.com/search?q=venezuela+oil+exports+2020+to+present
In Venezuela, the
debt-to-nominal GDP ratio was 329.1% in 2020, 146% in 2023, and is projected to
be 135% by the end of 2025. The debt-to-GDP ratio has been volatile,
reaching a peak in 2020 and then declining before potentially stabilizing,
according to Trading Economics and Statista.
https://www.google.com/search?q=vwnizuela+debt+to+nominal+gdp+2020+to+2025
In January 2025, the United
States was Venezuela's largest trading partner, with exports of $632 million
and imports of $374 million. Other key trading partners for Venezuela
include China, Spain, Brazil, and Turkey. Venezuela's main exports to
the US are crude petroleum, petroleum coke, and coffee, while its main imports
from the US are refined petroleum, soybean meal, and soybean oil.
https://www.google.com/search?q=venezuela+trading+partners+2025
Comments
The March 2025 EO imposed 25% Tariffs on countries doing business with Cuba.
Norb Leahy, Dunwoody GA Tea Party Leader
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