Venezuela: GDP Growth Near 9% Year-on-Year in Q3, Central Bank Says
Venezuela’s gross domestic product (GDP) grew by 8.7 % year-on-year in the third quarter, driven largely by oil sales, the country’s central bank (BCV) announced Thursday.
The BCV said GDP “registered a growth of 8.71 % in the third quarter of 2025 compared to the third quarter of 2024.” The statement also emphasized that the country had now achieved “eighteen consecutive quarters” of growth.
Venezuela, after years of hyperinflation and a collapse of nearly 80 % in GDP, began to return to growth in the second quarter of 2021.
In its breakdown, the BCV reported a 16.12 % increase in oil sector activity and 6.12 % growth in non-oil activity. In the bank’s view: “The dynamism of the economic activity recorded (…) is an indicator of the resilience of the national economy in the face of adversity.”
The government attributes much of the country’s economic turmoil to U.S. sanctions beginning in 2017 and an oil embargo imposed in 2019, during which inflation surged to 344,000 %.
