The Central Bank of Venezuela published GDP estimates showing the economy grew 9.32% in the first quarter of 2025, slightly above the 9.13% recorded in the same period of 2024. The release characterises this as a continuation of a recovery that has lasted sixteen quarters and notes that 2024 closed with annual growth of 8.54%. By sector, oil activity expanded by 18.23% and mining by 13.46% in the first quarter of 2025. The central bank attributed the broader performance to the implementation of economic policy and activity across sectors, and framed the results as occurring amid external pressures including an economic blockade and international economic instability.
Central Bank of Venezuela 2025-05-01
Central Bank of Venezuela reports 9.32% GDP growth in the first quarter of 2025
The Central Bank of Venezuela reported a 9.32% GDP growth in Q1 2025, surpassing the 9.13% growth in Q1 2024, marking sixteen consecutive quarters of recovery. Oil and mining sectors led with expansions of 18.23% and 13.46%, respectively. The growth is attributed to economic policy implementation despite external pressures such as an economic blockade and international instability.