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.
Scope
- Mobile phone and broadband penetration was lowest in Venezuela in 2022, according to GlobalData estimates
- Macroeconomic 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.
- List of Exhibits
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- List of Tables
- Exhibit 1: Venezuela’s performance in terms of its country risk analysis in comparison to Latin America and the World
- Exhibit 2: Performance overview (score: 1-100)
- Exhibit 3: Broad categories and weights behind the index
- Exhibit 4: Venezuela stock market index
- Exhibit 5: Key sectors’ contribution to the economy (2013-20)
- Exhibit 6: FDI inflows and FDI stock (2017-21)
- Exhibit 7: Cross border mergers and acquisitions (2017-20) and announced greenfield investments (2017-21)
- Exhibit 8: Key infrastructure indicators (2020)
- Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
- Exhibit 10: Real GDP growth rate comparison (2022e)
- Exhibit 11: Volume of export and import of goods and services (2018-23f)
- Exhibit 12: Current account balance (2018-23f)
- Exhibit 13: Top three commodity exports, % of total exports (2018-21)
- Exhibit 14: Mineral fuels, oil and products, % share of the world’s total (2020)
- Exhibit 15: Inflation rates (2018 - 25f)
- Exhibit 16: Exchange rate (2018-25f)
- Exhibit 17: General government net lending/borrowing as a % of GDP (2018-21)
- Exhibit 18: Public debt (2018-22e)
- Exhibit 19: Unemployment rate (2018-24f)
- Exhibit 20: Labor force participation rate (2018-24f)
- Exhibit 21: Proportion of employment by sector (2018-24f)
- Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
- Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
- Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
- Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022e)
- Exhibit 26: Number of patents granted per million population (2021)
- Exhibit 27: R&D expenditure as a percentage of GDP (2021)
- Exhibit 28: Rule of law (rankings), 2022
- Exhibit 29: Corruption perceptions index (rankings) (2021)
- Exhibit 30: Renewable energy capacity (2016-20)
- Exhibit 31: CO2 emissions (2017-21)
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