The Central Bank of Venezuela published gross domestic product data showing the economy expanded 8.71% in the third quarter of 2025 versus the third quarter of 2024, extending Venezuela’s run to 18 consecutive quarters of higher economic activity. Oil-sector activity grew 16.12%, while non-oil activity increased 6.12%. Within non-oil activities, the largest increases were in construction (16.40%), transport and storage (9.35%), manufacturing (8.98%), trade and vehicle repair (8.19%), mining (7.08%), electricity and water (6.89%), accommodation and food services (6.78%), real estate and professional, scientific, technical, administrative and support services (6.60%), and agriculture (6.11%). The release highlighted construction, manufacturing, mining and agriculture as generating strong domestic linkages and strengthening value chains that support growth.
Central Bank of Venezuela 2025-10-16
Central Bank of Venezuela reports 8.71% year-on-year GDP growth in Q3 2025 with oil activity up 16.12%
The Central Bank of Venezuela reported an 8.71% GDP growth in Q3 2025 compared to Q3 2024, marking 18 consecutive quarters of economic expansion. Oil-sector activity rose by 16.12%, while non-oil sectors saw a 6.12% increase, with notable growth in construction, transport, and manufacturing. The report emphasized the role of construction, manufacturing, mining, and agriculture in enhancing domestic linkages and value chains.