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Venezuela

Macroeconomy

Markets

Geostrategy

Key Indicators

Lending Rate
Percent Per Annum - Venezuela, Rep. Bol.
17.97, 17.75, 18.32, 18.28, 18.03 18.03
International Reserves
Total, Million USD - Venezuela
29094, 28899, 29865, 28138, 29544 29,544
IP
Value, Total (1997=100) - Venezuela
1019.67, 1152.23, 1126.73, 1240.68, 1268.45 1,268.45
GDP
Total, Chained 1997 Prices, SA, Q/Q % Chg - Venezuela
-3.29, 0.27, -2.04, -0.94, 0.03 0.03
CPI
Total (2007=100) - Venezuela
208.2, 213.9, 217.6, 220.7, 223.9 223.9
data by Factset

Venezuela Outlook: A Crucial Year

A combination of elevated oil prices and pre-election fiscal spending should boost growth in 2012. Inflation is on track to stay in double digits, eroding disposable income. Price controls could enter the mix as the government tries to improve the economic climate prior to the election. Optimism surrounding expectations of regime change have led to sharp downward corrections in yields on government debt; still, a loss for President Hugo Chavez could prompt a rocky transition.

Read the latest Venezuela Outlook

Economic Research

LatAm Weekly

Strong Activity Data For LatAm’s G2

By Juan Lorenzo Maldonado and Joao Pedro Ribeiro Apr 9, 2012

LatAm Weekly

Deceleration and Caution in LatAm

By Juan Lorenzo Maldonado and Joao Pedro Ribeiro Mar 26, 2012

Global Economic Outlook

Latin America Outlook: A Renewed Domestic Focus

By Juan Lorenzo Maldonado Mar 21, 2012

Global Economic Outlook

Venezuela Outlook: A Crucial Year

By Juan Lorenzo Maldonado Mar 21, 2012

Economic Research

Geopolitical Risks Expose Oil Market Stress Points

By Rachel Ziemba Jan 6, 2012

Global Economic Outlook

Venezuela Outlook: All Eyes on the Election

By Bianca Taylor Dec 9, 2011

Global Economic Outlook

Latin America Outlook: Let the Games Begin

By Juan Lorenzo Maldonado Dec 6, 2011

LatAm Weekly

Brazil’s Monetary Policy; Mexico, Colombia and Peru’s Activity Indicators; Venezuela’s Debt

By Juan Lorenzo Maldonado and Bianca Taylor Oct 17, 2011

Economic Research

Venezuela: Sprinkling Truth on Inflation Data

By Bianca Taylor Oct 13, 2011

LatAm Weekly

Venezuela Needs 80 Bucks a Barrel WTI to Service Debts

By Bianca Taylor Sep 26, 2011

Global Economic Outlook

Venezuela Outlook Update: Dicey Liquidity Situation Continues

By Bianca Taylor Sep 22, 2011

LatAm Weekly

Global Headwinds Dampen Regional Growth Prospects

By Juan Lorenzo Maldonado Sep 19, 2011

Global Economic Outlook

Latin America Outlook Update: Another Steeplechase Ahead

By Juan Lorenzo Maldonado Sep 19, 2011

Economic Research

Venezuela’s Oil Reserves Power Play: Saudi Arabia Production Still Trumps

By Rachel Ziemba and Gary Clark Jul 20, 2011

Global Economic Outlook

Venezuela Outlook Update: Oil Economics

By Juan Lorenzo Maldonado Jun 22, 2011

LatAm Weekly

Converging to Potential Growth

By Juan Lorenzo Maldonado Jun 21, 2011

Global Economic Outlook

Latin America Outlook Update: Converging Toward Potential Growth

By Juan Lorenzo Maldonado Jun 21, 2011

Global Economic Outlook

Latin America Outlook: Still a Bright Prospect

By Bertrand Delgado Mar 18, 2011

Global Economic Outlook

Venezuela Outlook: A Dull Recovery

By Juan Lorenzo Maldonado Mar 16, 2011

Economic Research

LatAm: The Female Factor for Growth in LatAm

By Nathalie Picarelli Mar 9, 2011

LatAm Weekly

Brazilian Economic Activity Revised Down for 2011

By RGE's LatAm Analyst Team Mar 4, 2011

Economic Research

Venezuela: Food Prices Fall More Than Expected

By Juan Lorenzo Maldonado Mar 4, 2011

LatAm Weekly

Central Bank to Keep Tightening in Brazil

By Bertrand Delgado, Juan Lorenzo Maldonado and Renzo Merino Feb 28, 2011

Economic Research

Venezuela: Inflation Expected to Fall in February

By Bertrand Delgado Feb 28, 2011

LatAm Weekly

Leading Indicators Show Mexico Performing Strongly This Year

By Bertrand Delgado, Juan Lorenzo Maldonado and Nathalie Picarelli Feb 23, 2011

Economic Research

Venezuela: Economic Activity Improves in H2 2010

By Juan Lorenzo Maldonado Feb 23, 2011

LatAm Weekly

Monthly Inflation Peaks During February in Brazil

By Bertrand Delgado, Juan Lorenzo Maldonado, Nathalie Picarelli and Renzo Merino Feb 21, 2011

Economic Research

Venezuela: Return to Positive Growth After Long Period of Contraction

By Juan Lorenzo Maldonado Feb 21, 2011

LatAm Weekly

Market Rates Adjusted Down in Mexico

By Bertrand Delgado, Juan Lorenzo Maldonado, Alex Giron and Renzo Merino Feb 11, 2011

Economic Research

Venezuela: PDVSA Issues More Debt

By Juan Lorenzo Maldonado Feb 11, 2011

LatAm Weekly

Markets Lower Rate-Hike Expectations in Brazil

By Bertrand Delgado, Juan Lorenzo Maldonado, Alex Giron and Nathalie Picarelli Feb 9, 2011

Economic Research

Venezuela: Devaluation, Heavy Rains and International Shocks Hit Inflation

By Juan Lorenzo Maldonado Feb 9, 2011

LatAm Weekly

Mexican Central Bank Comfortable With Inflation Outlook

By Bertrand Delgado, Juan Lorenzo Maldonado and Renzo Merino Feb 7, 2011

Economic Research

Venezuela: Inflation Unlikely to Fall

By Juan Lorenzo Maldonado Feb 7, 2011

LatAm Weekly

Overvalued Brazilian Real Hurts Exports and Industrial Output

By Bertrand Delgado, Juan Lorenzo Maldonado and Renzo Merino Jan 31, 2011

Economic Research

Venezuela’s Chavez Fails to Nationalize Banco Provincial

By Juan Lorenzo Maldonado Jan 31, 2011

LatAm Weekly

Brazil’s Inflation Expectations to Deteriorate; Robust Growth in Peru

By Bertrand Delgado, Juan Lorenzo Maldonado and Alex Giron Jan 19, 2011

Economic Research

Venezuela Continues to Feed Currency Through Debt

By Juan Lorenzo Maldonado Jan 19, 2011

LatAm Weekly

Strong Growth in Brazil; Chile’s Central Bank on Hold

By Bertrand Delgado and Juan Lorenzo Maldonado Jan 14, 2011

Economic Research

Venezuela’s Export Volume Continues to Slip

By Juan Lorenzo Maldonado Jan 14, 2011

LatAm Weekly

Brazil Expected to Tighten; Mexico’s IP Decelerates; Chavez Requests Special Powers

By Bertrand Delgado, Juan Lorenzo Maldonado and Alex Giron Dec 15, 2010

Economic Research

Venezuela’s Chavez Requests Special Powers

By Juan Lorenzo Maldonado Dec 15, 2010

Global Economic Outlook

Global Overview: 2011 Outlook

By Christian Menegatti, Nouriel Roubini and the RGE Macroeconomics Team Dec 7, 2010

Global Economic Outlook

Macro Forecasts: 2011 Outlook

By the RGE Macroeconomics Team Dec 7, 2010

Global Economic Outlook

Latin America: 2011 Outlook

By Bertrand Delgado Dec 7, 2010

Global Economic Outlook

Venezuela: 2011 Outlook

By Bertrand Delgado and Juan Lorenzo Maldonado Dec 7, 2010

LatAm Weekly

Week Ahead (Week of November 15, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Nov 15, 2010

Economic Research

Venezuela’s GDP to Remain Negative in Q3

By Juan Lorenzo Maldonado Nov 15, 2010

LatAm Weekly

Mixed Inflation Results Across the Region

By Bertrand Delgado and Juan Lorenzo Maldonado Nov 10, 2010

Economic Research

Venezuela’s Inflation Forecast Revised to 27.5%-30% y/y

By Juan Lorenzo Maldonado Nov 10, 2010

LatAm Weekly

Brazilian and Chilean Authorities Show Discomfort with FX Dynamics

By Bertrand Delgado, Juan Lorenzo Maldonado and Alex Giron Sep 29, 2010

Economic Research

Venezuela’s Chavez Needs the Opposition

By Bertrand Delgado and Juan Lorenzo Maldonado Sep 29, 2010

Global Economic Outlook

Venezuela: September 2010 Outlook Update

By Juan Lorenzo Maldonado Sep 10, 2010

Global Economic Outlook

Global Overview: September 2010 Outlook Update

By Nouriel Roubini, Christian Menegatti and the RGE Macroeconomic Team Sep 10, 2010

LatAm Weekly

Week Ahead (Week of September 6, 2010)

By Bertrand Delgado, Juan Lorenzo Maldonado, Alex Giron and Maria Paula Carvajal Sep 6, 2010

LatAm Weekly

Week Ahead (Week of August 30, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Aug 27, 2010

LatAm Weekly

Colombia Pushes Forward While Venezuela Surprises to the Upside

By Bertrand Delgado and Juan Lorenzo Maldonado Aug 20, 2010

LatAm Weekly

Week Ahead (Week of August 16, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Aug 13, 2010

LatAm Weekly

Brazil’s Growth Decelerates While Colombia and Venezuela Mend Ties

By Bertrand Delgado, Juan Lorenzo Maldonado and Maria Paula Carvajal Aug 13, 2010

LatAm Weekly

Chile Recovers While Venezuelan Inflation Surprises on Downside

By Bertrand Delgado and Juan Lorenzo Maldonado Aug 6, 2010

LatAm Weekly

Week Ahead (Week of July 26, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Jul 23, 2010

LatAm Weekly

Inflation Spells Trouble for Argentina

By Bertrand Delgado and Juan Lorenzo Maldonado Jul 15, 2010

Global Economic Outlook

Latin America: Q3 2010 Outlook

By Bertrand Delgado Jul 10, 2010

Economic Research

Venezuela: Q3 2010 Outlook

By Juan Lorenzo Maldonado Jul 10, 2010

LatAm Weekly

Week Ahead (Week of July 5, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Jul 2, 2010

LatAm Weekly

Week Ahead (Week of June 28, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Jun 25, 2010

Economic Research

Central Banks Determined to Tighten but Cautious of Global Jitters

By Bertrand Delgado and Juan Lorenzo Maldonado Jun 17, 2010

LatAm Weekly

Inflation Behaving but Still Under Watch

By Bertrand Delgado and Juan Lorenzo Maldonado Jun 10, 2010

LatAm Weekly

Chile and Brazil Growth Heralds Tightening to Come

By Bertrand Delgado and Juan Lorenzo Maldonado Jun 8, 2010

LatAm Weekly

Brazil Leads as Venezuela Lags

By Bertrand Delgado and Juan Lorenzo Maldonado May 27, 2010

LatAm Weekly

Demand-Pull Pressures Keep Hurting Prices in Brazil

By Bertrand Delgado and Juan Lorenzo Maldonado May 20, 2010

LatAm Weekly

Domestic Demand Buoys Chile and Peru

By Bertrand Delgado and Juan Lorenzo Maldonado May 18, 2010

LatAm Weekly

What's Coming Up? (Week of May 17, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado May 14, 2010

LatAm Weekly

Inflation Swells in Brazil, Dwindles in Mexico

By Bertrand Delgado and Juan Lorenzo Maldonado May 11, 2010

LatAm Weekly

Hawkish Statements Foreshadow Brazil’s Next Move

By Bertrand Delgado and Juan Lorenzo Maldonado Apr 27, 2010

LatAm Weekly

What's Coming Up? (Week of April 26, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Apr 23, 2010

LatAm Weekly

Mockus Gains Ground in Colombia Polls

By Bertrand Delgado and Juan Lorenzo Maldonado Apr 20, 2010

LatAm Weekly

What's Coming Up? (Week of April 19, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Apr 16, 2010

LatAm Weekly

New Forecast for Brazil After Pleasant Surprises

By Bertrand Delgado and Juan Lorenzo Maldonado Apr 15, 2010

Economic Research

Obama’s Hand of Friendship: A Rogues’ Gallery of Mixed Results

By Michael Moran Apr 14, 2010

Economic Research

Venezuela: Q2 2010 Outlook

By Juan Lorenzo Maldonado Apr 12, 2010

LatAm Weekly

What's Coming Up? (Week of April 12, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Apr 9, 2010

LatAm Weekly

Blame Perishables for High Inflation

By Bertrand Delgado and Juan Lorenzo Maldonado Apr 8, 2010

LatAm Weekly

Mexico's Inflation Outlook Dims

By Bertrand Delgado and Juan Lorenzo Maldonado Apr 6, 2010

LatAm Weekly

What's Coming Up? (Week of March 22, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 19, 2010

LatAm Weekly

Brazil Central Bank Still Won’t Budge

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 18, 2010

LatAm Weekly

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

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 16, 2010

LatAm Weekly

What's Coming Up? (Week of March 15, 2010)

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 12, 2010

LatAm Weekly

Brazil Strides Forward, Chile Treads with Caution

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 11, 2010

LatAm Weekly

Waiting on Hikes and Surveying Quake Damage

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 9, 2010

LatAm Weekly

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

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 5, 2010

LatAm Weekly

Positive Dynamics Persist but Beware of Cool Breezes from the North

By Bertrand Delgado and Juan Lorenzo Maldonado Mar 4, 2010

LatAm Weekly

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

By Bertrand Delgado and Juan Lorenzo Maldonado Feb 26, 2010

Economic Research

Latin America: What's Coming Up?

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

Economic Research

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

By Bertrand Delgado and Juan L. Maldonado Feb 9, 2010

Economic Research

Venezuela Devaluation: Alo Presidente!

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

Economic Research

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

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

Economic Research

Are Capital Controls in Fashion Again?

By RGE Analyst Team Oct 28, 2009

Economic Research

Latin America: Weathering the Storm but Not the Hurricane

By Bertrand Delgado May 29, 2007

EconoMonitors

Latin America Channel

Latin America’s Economic Outlook

Shannon Oneil May 16, 2012

Latin America Channel

Venezuela’s Capriles Radonski Wins Primary, Looks Toward October Election

Shannon Oneil Feb 16, 2012

Latin America Channel

What to Watch in 2012: Two Elections That Could Transform Latin America

Shannon Oneil Jan 12, 2012

Latin America Channel

Venezuela: After Hugo

Walter Molano Aug 4, 2011

RGE Analysts

Venezuela’s Chavez Needs the Opposition

Bertrand Delgado & Juan Lorenzo Maldonado Sep 29, 2010

RGE Analysts

Venezuela’s GDP Surprises on the Upside

Bertrand Delgado & Juan Lorenzo Maldonado Aug 20, 2010

RGE Analysts

Venezuela Issues Dollar Bonds to Feed its FX System

Bertrand Delgado & Juan Lorenzo Maldonado Aug 13, 2010

Geostrategy Channel

Venezuela: Run Away

Walter Molano Jun 9, 2010

Geostrategy Channel

In Praise of Roads

Walter Molano Jan 14, 2010

RGE Analysts

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

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

Daily Digest

News

Venezuela: Chavez or Capriles?

Financial Times  Benedict Mander May 16, 2012

News

OPEC reports soaring Venezuelan production by 2.8%

El Universal  May 15, 2012

News

Outlook of automotive industry cools

El Universal  May 14, 2012

News

Energy subsidy accounts for 9.67% of GDP in 2011

El Universal  MARIELA LEÓN May 14, 2012

News

PDVSA to Sell $3 Billion of 23-Year Bonds Ending 6-Month Drought

Bloomberg  Daniel Cancel May 11, 2012

News

Domestic debt up USD 40.6 billion in four months

El Universal  May 11, 2012

News

Validity of import licenses is to be reduced

El Universal  May 09, 2012

News

Bonds from savings fund to be frozen for two years

El Universal  VÍCTOR SALMERÓN May 08, 2012

News

Central government spending up 28% in four months

El Universal  May 08, 2012

News

Venezuela ranks 174 in the Index of Economic Freedom

El Universal  May 05, 2012

News

Purchasing power in Venezuela is the same as back in 1966

El Universal  VÍCTOR SALMERÓN May 05, 2012

News

Gov't cuts dollar allocations for private sector's imports

El Universal  VÍCTOR SALMERÓN May 02, 2012

News

BCV: Venezuela's retail sales fall 1.37% in January

VÍCTOR SALMERÓN  Apr 25, 2012

News

Venezuela's food production tumbles 6.9% in January 2012

El Universal  VÍCTOR SALMERÓN Apr 24, 2012

News

PDVSA Leads Dollar-Bond Trading on Chavez Health Speculation

Bloomberg  Daniel Cancel Apr 23, 2012

Analysis

Turning Point?

Global Economic Forum-Morgan Stanley  Daniel Volberg Apr 17, 2012

News

Venezuela's 4th-Quarter GDP Up 4.9%

WSJ  Feb 16, 2012

News

Inflation erodes much of minimum wage increase

El Universal  Victor Salmeron and Angie Contreras C Apr 9, 2012

News

Prices not to be adjusted despite minimum wage increase

El Universal  Angie Contreras C Apr 10, 2012

News

Government creates more ways for expanding spending

El Universal  Mayela Armas H Apr 10, 2012

News

Venezuela's unemployment rate at 7.9% in March

El Universal  YANETH FERNÁNDEZ Apr 17, 2012

News

IMF: Venezuelan economy to grow 3.2% in 2012

El Universal  Apr 17, 2012

News

Venezuela, Colombia sign trade integration agreement

El Universal  Apr 16, 2012

Analysis

Approaching the End of Easing Cycles in LatAm?

RGE  Joao Pedro Ribeiro and By Juan Lorenzo Maldonado Apr 16, 2012

News

IMF’s Eyzaguirre Cautions Latin America Against Monetary Easing

Bloomberg  Randall Woods Apr 13, 2012

News

Petrorinoco bonds to boost public debt service

El Universal  Victor Salmeron Apr 10, 2012

Opinions

Chavez Exit Won’t Mean Venezuela’s Problems Out the Door

Bloomberg  Editorial Apr 10, 2012

News

Chavez hikes Venezuela's minimum wage before vote

Reuters  Daniel Wallis Apr 09, 2012

Analysis

Strong Activity Data For LatAm’s G2

RGE  Juan Lorenzo Maldonado and Joao Pedro Ribeiro Apr 09, 2012

News

Analyst: Too soon to say that inflation is diving

El Universal  ENDER MARCANO Apr 04, 2012

News

BCV: Annualized inflation in March stands at 24.6%

El Universal  Apr 03, 2012

News

Timing is perfect to invest in youth employment

El Universal  Apr 03, 2012

News

Venezuela Credit Rating May Be Cut by Fitch on Oil Reliance

Bloomberg  Daniel Cancel Apr 04, 2012

News

Laws pave the way for more debt

El Universal  Apr 03, 2012

News

Companies weigh options to repatriate dividends

El Universal  ENDER MARCANO Apr 02, 2012

News

Business growth suffers brain drain

El Universal  Mar 31, 2012

News

Outflowing currency reaches USD 131.5 billion

El Universal  Mar 31, 2012

News

Venezuela: poll confusion

Financial Times  Benedict Mander Mar 27, 2012

News

Forex allocation for imports sheds 14%

El Universal  VÍCTOR SALMERÓN Mar 26, 2012

News

Current state of affairs shoos industrial development

El Universal  ENDER MARCANO Mar 26, 2012

News

Compulsory loan portfolio for housing up 15%

El Universal  ENDER MARCANO Mar 26, 2012

News

Chavez starts radiation therapy, may meet Pope

Reuters  Daniel Wallis Mar 26, 2012

Analysis

Venezuela Outlook: A Crucial Year

RGE Analysis  Juan Lorenzo Maldonado Mar 22, 2012

News

Chavez Denounces Plot to Kill Rival in Repeat of 2006 Vote

Bloomberg  Charlie Devereux Mar 21, 2012

News

Chávez reveals plot against presidential rival

Financial Times  Benedict Mander Mar 20, 2012

News

State import fails to meet the demand of vehicles

El Universal  Mar 19, 2012

News

Discouraging investment environment in Venezuela

El Universal  Mar 20, 2012

News

President Chávez arrives in Venezuela

El Universal  ALEJANDRA M. HERNÁNDEZ F Mar 19, 2012

News

Building permits for new houses decline 25.5%

El Universal  Mar 15, 2012

News

Moody's ratifies Venezuela's debt ratings

El Universal  Mar 14, 2012

News

Public spending surges 19%

El Universal  Mar 14, 2012

News

Public and private investment 10.3% below 2008 level

El Universal  VÍCTOR SALMERÓN Mar 01, 2012

News

Price control hits smaller enterprises

El Universal  Feb 29, 2012

News

Venezuela Stands By Syria Diesel Supplies

Reuters  Deisy Buitrago Feb 28, 2012

News

Private consumption takes a breath of fresh air, but still at bottom

El Universal  VÍCTOR SALMERÓN Feb 28, 2012

Analysis

Differing Growth Dynamics for Brazil and Peru

RGE Analysis  Juan Lorenzo Maldonado Feb 27, 2012

News

Private construction drops 70% in the past two years

El Universal  Feb 23, 2012

News

A local recurrence in less than a year "is not good news"

El Universal  Giuliana Chiappe Feb 22, 2012

News

Chávez admits that his lesion is very likely to be malignan

El Universal  Alejandra M Feb 22, 2012

News

Venezuela's oil GDP in 2011 same as in 2002

El Universal  Feb 20, 2012

News

External debt increases 15.8% in 2011

El Universal  VÍCTOR SALMERÓN Feb 17, 2012

News

Agriculture loan portfolio set at USD 9.12 billion in 2012

El Universal  ALEJANDRA M. HERNÁNDEZ F Feb 17, 2012

News

Forex board increases foreign currency allocations for food imports

El Universal  VÍCTOR SALMERÓN Feb 15, 2012

News

Colombian, Venezuelan trade continues to recover

Colombia Reports  Mary Cecelia Bittner Feb 15, 2012

News

Henrique Capriles wins opposition primaries in Venezuela

El Universal  ALICIA DE LA ROS Feb 13, 2012

News

Venezuelan inflation trebles compared to the rest of ALBA countries

El Universal  VÍCTOR SALMERÓN Feb 10, 2012

News

Shortage index hits the highest level in 45 months

El Universal  VÍCTOR SALMERÓN Feb 08, 2012