Venezuela May 2026

: 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.

: 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) venezuela

: Estimates for late 2025 placed inflation between 20% and 30% monthly in the capital, with approximately 80% of residents living in poverty . : The backbone of the economy, accounting for