Venezuela's Gross Domestic Product (GDP) grew by 7.42% in the third quarter of 2026 compared to the same period, the Central Bank of Venezuela (BCV) revealed on Thursday.
© Lusa
13/11/2026
by
Lusa
O Venezuela's Gross Domestic Product (GDP) grew by 7.42% in the third quarter of 2026 compared to the homologous period, the Central Bank of Venezuela (BCV) revealed on Thursday.
The dynamism of the period was driven mainly by the non-oil activity, which recorded an inter-annual progress of 6.3%, as well as by the performance of the private sector as a whole, which increased 8%, detailed the BCV in a press release.
Among the areas with the greatest expansion, the construction sector stood out, with an increase of 35.8%, due to investments aimed at repairing the structural damage caused by the double earthquake of June 24.
In addition, financial and insurance activities grew 29.3%, tourism services, 9%, agriculture, 7.1%, and manufacturing, 4.3%.
Despite this increase, trade unionists and workers from various sectors report that the wage crisis persists in the country, where the minimum wage and reform currently amount to a few euro cents per month, according to the official BCV rate.
Venezuela’s interim President, Delcy Rodríguez, said on Thursday, on the Telegram message platform, that, of “every 100 dollars collected from oil and mining between January and November 2026, 99 were destined to pay salaries for public sector workers and pensions: $14.71 billion dollars [13.3 billion euros]”.
In recent years, the Executive has focused wage policy on paying two bonuses to civil servants, which do not focus on labor benefits and currently amount to 240 dollars (217 euros), deposited in bolívars at the BCV rate.
A family of five in Venezuela needed, in September, $761.35 (EUR 688.3) only for food expenses, an increase of 0.79% compared to August, when the cost of the basket was $755.36 (EUR 683), according to calculations released in October by the Center for Documentation and Social Analysis of the Federation of Teachers.