State Of Play: The Economy

Venezuela has become a byword for economic crisis in the Americas. No other country in the region has experienced political involution, institutional decay and economic collapse on a similar scale in recent memory. It is difficult to quantify the crisis with any degree of precision, because the central bank (BCV) and the finance ministry have all but ceased publishing macroeconomic data. Information comes out in dribs and drabs. The BCV reported an annual GDP contraction of 5.7% in 2015, with inflation of 181%. A BCV report shown to Reuters by an anonymous source on 20 December 2016 included a preliminary estimate that GDP had contracted by an eye-popping 18.6% year on year, with inflation purportedly running at 800%.

More recent research

Becoming a member at Canning House

By joining as an individual member you’ll have the opportunity to access our wide range of public events at a discounted rate, as well as additional benefits such as online access to in-depth reports, webinar recordings and This Week in Latin America news articles.

Join now

Find out more about our membership plans

Sign up to our newsletter

Get the latest information on upcoming Canning House events and other events related to Latin America and Iberia across the UK and beyond.