: Though only a small part of the GDP (around 3-5%), major crops include sugarcane, maize, rice, coffee, and tropical fruits like bananas and pineapples. The country is not self-sufficient and imports roughly two-thirds of its food.
: Estimates for late 2025 placed inflation between 20% and 30% monthly in the capital, with approximately 80% of residents living in poverty . venezuela
: Key industrial outputs include steel, aluminum, textiles, and processed foods , though many sectors have struggled with a lack of investment. Recent Economic Trends (2025–2026) : Though only a small part of the
: Venezuela is rich in other natural resources, including iron ore, bauxite (for aluminum), gold, nickel, and diamonds . : Key industrial outputs include steel, aluminum, textiles,
: The backbone of the economy, accounting for over 53% of export revenues in recent years. While production plummeted due to mismanagement and U.S. sanctions, it has seen a recent uptick following shifts in the political landscape and selective sanctions relief.
: China has become the largest buyer of Venezuelan crude. Recently, India has also ramped up imports to a 6-year high due to supply disruptions elsewhere.