Venezuela Economic Outlook
July 15, 2014On 6 July, Vice President for the Economy Rafael Ramirez shed some light on the widely expected exchange rate reform. Ramirez stated that the government is working on a new converging forex policy, which will simplify the country’s multiple exchange rates. President Nicolas Maduro dismissed Planning Minister Jorge Giordani on 17 June. According to analysts, this move suggests that hardliners have lost influence over economic policy thus supporting the notion that Maduro could adopt a more pragmatic approach going forward.
Venezuela Economic Data
5 years of Venezuela economic forecasts for more than 30 economic indicators.
|Bond Yield||7.9||0.34 %||Jul 14|
|Exchange Rate||6.30||0.0 %||Jul 29|
|Stock Market||2,163||-0.04 %||Jul 29|
Venezuela Economic Growth
July 15, 2014LatinFocus Consensus Forecast panelists see GDP falling 1.8% in 2014, which is down 0.2 percentage points from last month’s estimate. Panelists expect GDP to expand 1.2% in 2015.
See all the data and analysis available in each of our Regional and Country reports.
Venezuela Economic News
July 25, 2014
In July, the average price of Venezuela’s mix of crude oil fell 2.7% over the previous month to USD 96.4 per barrel, which represented the lowest price since March.
July 9, 2014
Annual car sales plunged 85.9% over the same month last year and reached just 1,089 units according to figures from the Venezuelan Automotive Chamber (CAVENEZ, Camara Automotriz de Venezuela).
June 30, 2014
In June, the average price of Venezuela’s mix of crude oil rose 1.8% over the previous month to USD 99.1 per barrel, which represented the highest price since September 2013.
Venezuela: Inflation continues to soar; Central Bank delay in releasing economic statistics reinforces analysts’ concerns
June 11, 2014
Consumer prices jumped 5.73% over the previous month in May, which was virtually in line with the 5.67% increase tallied in April and marked the largest rise in a year.
June 10, 2014
Annual car sales continued to plummet in May, although they did improve somewhat compared to the previous month.