Venezuela’s central bank finally admits economic collapse


The Central Bank of Venezuela published its first data on inflation and GDP since 2015, effectively admitting for the first time that the country’s economy is collapsing.

The central bank’s macroeconomic data release, published on May 29, says in the year to the third quarter of 2018 Venezuela’s GDP declined by 22.5%. Inflation rose year on year by 130,060.2% in 2018, up from 862% in 2017, the data says. The central bank estimates that the country’s key oil sector contracted by 25.8% over the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: