Venezuela skyline with mountains

Venezuela Manufacturing

Venezuela Manufacturing

Manufacturing Production in Venezuela

The economy recorded an average growth rate of -11.1% in the decade to 2018. In 2018, manufacturing growth was -39.3%.

Venezuela Manufacturing Chart

Note: This chart displays Manufacturing Production (ann. var. %) for Venezuela from 2009 to 2018.
Source: Macrobond.

Venezuela Manufacturing Data

2019 2020 2021 2022 2023
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Venezuelan manufacturing projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable manufacturing forecast available for Venezuelan manufacturing.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Venezuelan manufacturing projections.

Want to get access to the full dataset of Venezuelan manufacturing forecasts? Send an email to info@focus-economics.com.

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