Venezuela | Windows |

Venezuela is a South American nation renowned for having the , estimated at roughly 303 billion barrels —nearly 20% of the global total. Despite this immense wealth, the country has faced severe economic instability, with its oil production significantly declining from a peak of 3.5 million barrels per day (mbd) in the late 1990s to approximately 1.1 million bpd as of March 2026. Key Production & Exports

: 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 . Venezuela is a South American nation renowned for