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Venezuela

Featured Content

Venezuela: Bond Markets

How Much Public Debt Will Venezuela Issue? Can the Market Handle It?

Venezuela: The Bolivar (currency)

Will the Bolivar's Formal and Informal Markets Converge?

Venezuela: Economic Profile

Is the Venezuelan Banking Sector in Trouble?

Venezuela's Regional Clout

Chavez's Nationalizations: Who's Next?

Macro View

Venezuela: Economic Profile

Is the Venezuelan Banking Sector in Trouble?

Is Venezuela Heading Toward a Deep Recession?

Venezuela : Latin America : Macro View : Growth Outlook and Business Cycle :

Banco del Sur: The Bank of the South

Will the Global Crisis Accelerate the Creation of the Bank of the South?

Andean : Argentina : Bolivia : Brazil : Ecuador : Uruguay : Venezuela : Latin America : Geostrategic and Long Term Issues : Macro View : IMF and International Economic Institutions : International Financial Institutions : International Organizations :

Markets

Venezuela: The Bolivar (currency)

Will the Bolivar's Formal and Informal Markets Converge?

What is the Outlook for Inflation in Venezuela?

Venezuela : Latin America : Markets : Currencies :

Venezuela: Bond Markets

How Much Public Debt Will Venezuela Issue? Can the Market Handle It?

Venezuela : Latin America : Markets : Government Bonds :

Venezuela: Energy Sector

Stalemate Between Oil Companies and Venezuela?

PdVSA and Venezuela's Fonden

Venezuela : Latin America : Geostrategic and Long Term Issues : Markets : Foreign Policy and Geostrategic Risks : Natural Gas : Oil : Oil and Energy :

The Organization of the Petroleum Exporting Countries (OPEC)

Is Venezuela Heading Toward a Deep Recession?

How Well Are OPEC Members Complying with Cuts?

Andean : Ecuador : Gulf Cooperation Council : Iran : Iraq : Kuwait, Qatar, Bahrain, Oman : Saudi Arabia : The Maghreb : United Arab Emirates : Venezuela : Latin America : Middle East and Africa : Geostrategic and Long Term Issues : Markets : Energy Security and Supply Risks : International Organizations : Oil and Energy :

Geostrategic & Long Term Issues

The Evolving OAS

Will the Obama Administration Improve U.S.-Latin American Relations?

Claims on Sovereignty in the Falkland Islands

Andean : Argentina : Bolivia : Brazil : Canada : Chile : Colombia : Ecuador : Mexico : Peru : Uruguay : Venezuela : Latin America : North America : Geostrategic and Long Term Issues : International Organizations :

Venezuela's Regional Clout

Chavez's Nationalizations: Who's Next?

Tensions Are Increasing in the Northern Andean Region: Any Economic Impact?

Venezuela : Latin America : Geostrategic and Long Term Issues : Energy Security and Supply Risks : Foreign Policy and Geostrategic Risks : Oil : Oil and Energy :

Brazil's Foreign Policy

What Does Lula Want from Ahmadinejad?

Does Lula's Visit Herald a Deepening Brazil-China Economic Relationship?

Brazil : Venezuela : Latin America : Geostrategic and Long Term Issues : Foreign Policy and Geostrategic Risks : IMF and International Economic Institutions : International Financial Institutions :

Banco del Sur: The Bank of the South

Will the Global Crisis Accelerate the Creation of the Bank of the South?

Andean : Argentina : Bolivia : Brazil : Ecuador : Uruguay : Venezuela : Latin America : Geostrategic and Long Term Issues : Macro View : IMF and International Economic Institutions : International Financial Institutions : International Organizations :

Venezuela: Energy Sector

Stalemate Between Oil Companies and Venezuela?

PdVSA and Venezuela's Fonden

Venezuela : Latin America : Geostrategic and Long Term Issues : Markets : Foreign Policy and Geostrategic Risks : Natural Gas : Oil : Oil and Energy :

Mercosur: South America's Trade Bloc

Will Venezuela Enter Mercosur?

Andean : Argentina : Bolivia : Brazil : Chile : Colombia : Ecuador : Uruguay : Venezuela : Latin America : Geostrategic and Long Term Issues : International Organizations :

The Organization of the Petroleum Exporting Countries (OPEC)

Is Venezuela Heading Toward a Deep Recession?

How Well Are OPEC Members Complying with Cuts?

Andean : Ecuador : Gulf Cooperation Council : Iran : Iraq : Kuwait, Qatar, Bahrain, Oman : Saudi Arabia : The Maghreb : United Arab Emirates : Venezuela : Latin America : Middle East and Africa : Geostrategic and Long Term Issues : Markets : Energy Security and Supply Risks : International Organizations : Oil and Energy :

Key Indicators

National Accounts - Gross Domestic Product
 (Millions of 1997 Bolivares, SA)
14625936.5,14256890.91,14190626.31,13879438.54,13778384.95 13,778,384.95
Consumer Price Index
 National - Total
 (2007=100, NSA)
158,161,163.7,166.5,169.1 169.1
Balance of Payments
 Financial Account - Direct Investment in reporting country
 (Millions of US $, NSA)
-336,860,-2479,-1248,-63 -63
Industrial Production
 Manufacturing Total
 (1997=100, NSA)
108.94,113.09,117.51,120.14,91.94 91.94
Annual Interest Rates
 Weighted Average Lending Rates
 (%, NSA)
19.84,17.66,19.32,18.17,19.23 19.23
International Reserves
 Total
 (Mil. US$, NSA)
32388,31966,31596,31378,31118 31,118
data by Moody's

RGE's Q1 2010 Latin America Outlook

Read the Q1 2010 Latin America Outlook.

RGE Analysis

LatAm: Do Brazil's Numbers Add up to a March Hike?

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 16, 2010

LatAm: All Eyes on the Central Banks

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 12, 2010

LatAm: Brazil Strides Forward, Chile Treads with Caution

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 11, 2010

LatAm: Waiting on Hikes and Surveying Quake Damage

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 09, 2010

LatAm: What’s Coming Up? (Week of March 8, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 05, 2010

LatAm: Positive Dynamics Persist but Beware of Cool Breezes from the North

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 04, 2010

LatAm: What’s Coming Up? (Week of March 1, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Feb 26, 2010

Latin America: What's Coming Up?

By Bertrand Delgado and Juan L. Maldonado Feb 19, 2010

Latin America: Inflation on the Rise at the Beginning of 2010

By Bertrand Delgado and Juan L. Maldonado Feb 09, 2010

Venezuela Devaluation: Alo Presidente!

By Arnab Das, Bertrand Delgado and Natalia Gurushina Jan 11, 2010

Latin American CDS: Fully Recovered, What Are the Risks?

Alejandro Rivera, Elisa Parisi-Capone and Bertrand Delgado Nov 13, 2009

Are Capital Controls in Fashion Again?

RGE Analyst Team Oct 28, 2009

Latin American CDS Spreads and Currencies: A Quick, Descriptive Analysis

Italo Lombardi Oct 27, 2008

Latin America: Weathering the Storm but Not the Hurricane

By Bertrand Delgado May 29, 2007

Pragmatism or Populism: Which Will be the New Latin America's Dominant Ism?

Nouriel Roubini May 11, 2006

EconoMonitors

Emerging Markets Monitor

In Praise of Roads

Walter Molano Jan 14, 2010

RGE Analysts' EconoMonitor

Latin American CDS: Fully Recovered, What are the Risks?

Alejandro Rivera, Elisa Parisi-Capone and Bertrand Delgado Nov 17, 2009

Daily Digest

Opinions

The USA and Latin America: the decline of greatness

Jamaica Observer  Franklin W Knight Mar 17, 2010

News

Oil Deal Overshadows Putin Visit

The Moscow Times  Anatoly Medetsky Mar 16, 2010

News

Chavez Faces ‘Dante’s Inferno’ of Challenges, Ecoanalitica Says

Bloomberg  Daniel Cancel Mar 16, 2010

News

Guri dam at 12 meters from critical level

El Universal  Mar 15, 2010

News

Public spending loses strength to boost Venezuelan economy

El Universal  Victor Salmeron Mar 15, 2010

News

Venezuela’s Dollar Bonds Rise to Seven-Week High on Oil Rally

Bloomberg  Daniel Cancel Mar 12, 2010

Analysis

Venezuela industry: Risky oil partnerships

Economist Intelligence Unit  Mar 10, 2010

News

Venezuela's oil output up 2.3 million bpd in February

El Universal  Deisy Buitrago Mar 11, 2010

News

Venezuela's external debt increases 32 percent to USD 61.63 billion

El Universal  Victor Salmeron Mar 5, 2010

News

ANALYSIS - Power crisis to hit Venezuela growth, fuel exports

Reuters  Joshua Schneyer Mar 10, 2010

News

Half of Venezuelan population has “little or no confidence” in President Chavez

Merco Press  Mar 4, 2010

Analysis

FACTBOX-Key political risks to watch in Venezuela

Reuters  Frank Jack Daniel Mar 8, 2010

Analysis

Oil Fueled Centralization: The Case of Venezuela

World Bank  Francisco Monaldi, Osmel Manzano, Jose Manuel Puente and Stefania Vitalev Feb 1, 2010

News

Chávez, Shunning IMF, Gushes About China Oil-for-Credit Deal

Wall Street Journal  Dan Molinski Mar 4, 2010

News

Venezuela in recession until Q3 - gov't source

Reuters  Ana Isabel Martinez Mar 4, 2010

News

Venezuela’s economy contracts 3.3% in 2009; modest forecast for 2010

Merco Press  Mar 3, 2010

News

Venezuela Owes $12 Billion for Seizures, Chamber Says (Update1)

Business Week  Daniel Cancel and Corina Rodriguez Pons Mar 3, 2010

News

Venezuela Bolivar Falls to Six-Month Low in Unregulated Market

Business Week  Daniel Cancel Mar 3, 2010

News

Venezuela to Cooperate With Spanish Probe

WSJ  Mar 3, 2010

News

Venezuela's Bolivar Weakens To Lowest Level In Seven Months

Wall Street Journal  Darcy Crowe Mar 2, 2010

Analysis

Do Oil Exports Fuel Defense Spending?

U.S. Army War College  Clayton K S Chun Feb 17, 2010

News

Fitch Ratings said Friday that currency issues are dragging down Venezuela's credit-worthiness

Wall Street Journal  Dan Molinski Feb 26, 2010

News

Venezuelan official disputes report on human rights abuses

CNN  Feb 25, 2010

News

New Latin American group unlikely to have teeth

The Miami Herald  Andres Oppenheimer Jan 1, 1900

News

Venezuela annuls election of anti-Chavez mayor

The Washigton Post  Feb 25, 2010

News

Venezuela facilitates travel to Mercosur and associate members’ citizens

Merco Press  Feb 25, 2010

News

Latinamerica Economic Climate on the rise: Brazil, Uruguay, Peru lead

MercoPress  Feb 24, 2010

News

UPDATE 1-Chavez sees Venezuela growth 0.5-1.0 pct in 2010

Reuters  Mica Rosenberg and Andrew Hay Feb 24, 2010

News

Venezuela violates human rights, OAS commission reports

CNN  Feb 24, 2010

News

Group of Rio members to help Colombia/Venezuela diffuse tensions

Merco Press  Feb 24, 2010

News

UPDATE 1-Venezuela's Chavez says may restart Colombia imports

Reuters  Mica Rosenberg and Cynthia Osterman Feb 24, 2010

News

Mexico gives birth to the Community of Latinamerican and Caribbean States

Merco Press  Feb 24, 2010

News

Clash between Uribe and Chávez shows strong differences in the region

El Universal  Feb 23, 2010

Analysis

Fuel imports soar in oil exporter Venezuela

Reuters  Brian Ellsworth and Marianna Parraga Feb 17, 2010

News

Venezuela Has $5 Billion Stockpile to Boost Unregulated Bolivar

Bloomberg  Daniel Cancel and Corina Rodriguez Pons Feb 23, 2010

News

Latinamerica agrees on new regional organization without US and Canada

Merco Press  Feb 22, 2010

Analysis

Hugo Chávez: This Year’s Challenges and Opportunities

Council of Hemispheric Affairs  Patricia Kehoe Feb 19, 2010

News

Venezuela Is Evaluating Colombia Electricity Offer (Update1)

Business Week  Daniel Cancel Feb 19, 2010

News

OPEC quota compliance at lowest in a year

The National  Tamsin Carlisle Feb 10, 2010

News

Venezuela's Polar Defends Itself As Chavez Moves In

Wall Street Journal  Dan Molinski Feb 18, 2010

News

Purchasing power at the lowest level since 2002

El Universal  Suhelis Tejero Puntes and Gerardo Cardenas Feb 18, 2010

News

Power strapped Venezuela rejects Colombian supply offer

Merco Press  Feb 17, 2010

News

Venezuela secures $80bn oil investment

Financial Times  Benedict Mander Feb 16, 2010

News

Venezuela's Chavez In Talks to Buy French Retail Chain

NYT  Reuters Feb 13, 2010

News

Venezuela Bolivar Jumps Most in Month on Auction Speculation

Business Week  Daniel Cancel Feb 12, 2010

News

Chile replaces Venezuela as Colombia's second export destination

Colombia Reports  Camilla Pease-Watkin Feb 11, 2010

News

Venezuela's Chavez: US-friendly president in Brazil would hurt Latin American unity

MNSBC  Feb 7, 2010

News

Chávez Declares an "Electricity Emergency" in Venezuela

New York Times  Reuters Feb 8, 2010

News

Venezuela Business Forecast Report Q2 2010

Market Research.com  Feb 5, 2010

News

Venezuela's Opposition Protests Slur Chavez at Ball Game

Time  Charlie Devereux Feb 7, 2010

News

Mismanaged Crisis Weakens Chavez

International Relations and Security Network  Samuel Logan Feb 5, 2010

News

J.P. Morgan Stays Overweight Emerging-Market Sovereigns

Wall Street Journal  Riva Froymovich Feb 4, 2010

News

Venezuela needs a Violeta Chamorro

The Miami Herald  Andres Oppenheimer Jan 4, 2010

News

Venezuela Banks to Pay More to Deposit Guarantee Fund (Update1)

Bloomberg  Daniel Cancel and Corina Rodriguez Pons Feb 2, 2010

News

Chavez former closest loyalists call for his resignation

Merco Press  Feb 3, 2010

News

Venezuela Sets New Brokerage Rules After Bank Scandal (Update1)

Business Week  Daniel Cancel and Corina Rodriguez Pons Feb 1, 2010

News

Venezuela Denies Violation of Colombia's Airspace

New York Times  The Associated Press Jan 28, 2010

RGE Writings

Bremmer-Roubini 2010 Global Forecast

RGE Analysts' EconoMonitor  Nouriel Roubini and Ian Bremmer Jan 28, 2010

News

Venezuela Revokes Electricity Rationing In Merida -Report

Wall Street Journal  Dan Molinski Jan 28, 2010

News

Wolf sheds fleece

Economist  Jan 28, 2010

News

Venezuela marches continue, Chavez shuffles cabinet

Reuters  Brian Ellsworth and Enrique Andres Pretel Jan 28, 2010

News

Colombia protest over Venezuela 'airspace violation'

BBC World News  Jan 28, 2010

News

Another top official from the Chavez administration resigns

Merco Press  Jan 27, 2010

News

Chavez Currency ‘Burn’ Failing as $93 Billion Leaves Venezuela

Bloomberg  Daniel Cancel Jan 26, 2010

Analysis

Tensions Mount as Pro- and Contra-President Protests Resume in Venezuela

Global Insight  Jan 26, 2010

News

Venezuela could hold world’s largest oil reserves, says US Geological Survey

Merco Press  Jan 25, 2010

News

US rejects Latin American claim it is 'occupying' Haiti

AFP  Jan 22, 2010

News

Latin American leaders to meet on Haiti

Press TV  Jan 24, 2010

News

Politically divided Venezuela

AL Jazeera  Jan 24, 2010

Analysis

Venezuelan Production Data: Does Anybody Care?

Middle East Economic Survey  Juan Carlos Boué Dec 1, 2009

News

Venezuela OKs new gov't expropriation powers

BW  Jan 21, 2010

News

Venezuela Central Bank Sends $3 Billion to State Fund

Bloomberg  Daniel Cancel Jan 22, 2010

News

Hugo Chavez Mouthpiece Says U.S. Hit Haiti With 'Earthquake Weapon'

FoxNews  Dec 22, 2009

News

US: "Venezuela Bolivia, Nicaragua cash in on Haiti's disaster"

El Universal  Alicia De La Rosa Dec 21, 2009

News

Chávez Struggles to Tame Black-Market Dollar Strength

Wall Street Journal  Dan Molinski Jan 21, 2010

News

Venezuela's Chavez Forms Socialist Supermarket Group

Wall Street Journal  Dan Molinski Jan 20, 2010

News

Dealing with Devaluation

Morgan Stanley Global Economic Forum  Giuliana Pardelli Jan 20, 2010

Analysis

Global Economic Prospects 2010: Crisis, Finance, and Growth

World Bank  Jan 21, 2010

News

Argentina’s Credit Risk to Drop Below Venezuela, Goldman Says

Bloomberg  Laura Cochrane Jan 20, 2010

News

Venezuela Nationalizes French Retail Chain

Wall Street Journal  Darcy Crowe Jan 18, 2010

News

Venezuela to Sell $40 Million of Bonds in Auction

Bloomberg  Daniel Cancel Jan 19, 2010

News

Chavez seeks improved relations with US

The Washigton Post  Christopher Toothaker Jan 17, 2010

News

Venezuela's economy in further slide

BBC World News  Jan 19, 2010

News

Venezuela Begins Expropriation of Six Exito Stores (Update1)

Bloomberg  Daniel Cancel Jan 19, 2010

News

Venezuelan Bolivar Sinks as Central Bank to Skip Auction Today

BW  Daniel Cancel Jan 15, 2010

News

Uruguay with the fourth highest inflation in the region last year

Merco Press  Jan 14, 2010

News

Chavez’s Anti-Dollar Currency to Debut at $1.25, Nacional Says

Bloomberg  Alexander Cuadros Jan 14, 2010

News

Chávez closes 130 shops after price rises

Financial Times  Benedict Mander Jan 14, 2010

News

Chavez Fires Minister for Faulty Caracas Blackout

Bloomberg  Jose Orozco and Daniel Cancel Jan 14, 2010

News

Venezuela to Begin Auctions, Seek Parallel Rate of 5

Bloomberg  Daniel Cancel Jan 13, 2010

RGE GLOBAL ECONOMIC OUTLOOK

Table of Contents

Economic Outlooks:
Global | U.S. | Japan | China | Eurozone
Germany | France | UK | India | Brazil

Global Issues
Growth and CPI | Commodities | Trade | Imbalances

Featured Issue

Featured Briefing Image

Featured Analysis

Sovereign Debt: The Developed World’s Next Big Problem?

Arpitha Bykere, Elisa Parisi-Capone and Katharina Jungen Jan 13, 2010

“If countries maintain loose fiscal and monetary policies to support growth, rather than focusing on fiscal consolidation, investors will become increasingly concerned about fiscal sustainability.”

Featured EconoMonitor Post

Nouriel Roubini's EconoMonitor

States of Risk

Nouriel Roubini Mar 17, 2010

The Great Recession of 2008-2009 was triggered by

[...]

FEATURED @ RGE

United States: Fiscal Stimulus

Congress Doles Out More Fiscal Stimulus: A Boost to Job Creation?

Latvia: Economic Profile

Latvia Back in Crisis Mode: Ruling Coalition Collapses

Oil Supply

OPEC Still on Hold but Discipline Waning?

Japan: Monetary Policy

Quantitative Easing Returns to Japan: A Losing Battle Against Deflation?

China: The Renminbi

Renminbi Politics: How Tough Will the U.S. Be?

Defining Currency Manipulation

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