Venezuela PESTLE Insights - A Macroeconomic Outlook Report

Venezuela PESTLE Insights - A Macroeconomic Outlook Report

Summary

Mining, manufacturing and utilities activities contributed 45.7% to the gross value added (GVA) in 2022, followed by wholesale, retail and hotels (24.9%), and construction activities (2.6%), according to GlobalData estimates

As per the World Bank, Logistics Performance Index, Venezuela's rank declined from 122nd in 2016 to 142nd in 2018

The IBVC Index exhibited an upward trend over past year. As of January 30, 2023, the Index stood at 23,820.6, compared to 5,614.5 on January 30, 2022.

ScopeMobile phone and broadband penetration was lowest in Venezuela in 2022, according to GlobalData estimatesReasons to BuyMacroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure. PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business. This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.