OVF: Venezuelan economy fell 2.7% in the first quarter after year and a half of growth

Venezuela’s economic activity registered a fall of 2.7% during the first quarter of 2025, compared to the same period of the previous year, according to the most recent report of the Venezuelan Observatory of Finance (OVF). The fall is mainly due to the contraction of 5% in the non-oil sector and [...]

The fall in GDP is compounded by the acceleration of inflation and increasing exchange rate instability, which has led to a widening of the gap between the official exchange rate and the parallel exchange rate.

The most recent report of the Venezuelan Observatory of Finance (OVF) reveals that economic activity in Venezuela recorded a decline of 2.7% during the first quarter of 2025, compared to the same period of the previous year. This decline is mainly explained by a contraction of 5% in the non-oil sector, which [...] The entry OVF: Venezuelan economy fell 2.7% in the first quarter after year and a half of growth was first published in Foco Informat…

The Venezuelan Observatory of Finance (OVF) said that the national economy receded 2,7 % in the first quarter of 2025, in part because of "a contraction of 5% in the non-oil sector, which could not be compensated for by the growth of 7.4% in oil activity."The reduction corresponds to the comparison of the first three months of the year (January, February and March) with the same period of 2024, said this independent entity that make up economist…

The most recent report of the Venezuelan Observatory of Finance (OVF), published on Friday, April 25, reveals that economic activity in Venezuela recorded a 2.7% drop during the first quarter of 2025, compared to the same period of the previous year. This decline is mainly due to a 5% contraction in the non-oil sector, which could not be compensated for by the growth of 7.4% in oil activity. Among the components of the indicator, the contraction…

The most recent report of the Venezuelan Observatory of Finance (OVF) reveals that economic activity in Venezuela recorded a decrease of 2.7% during the first quarter of 2025, compared to the same period of the previous year. Venezuelan Observatory of Finance This decline is mainly due to a contraction of 5% in the non-oil sector, which could not be compensated for by the growth of 7.4% in oil activity. Among the components of the indicator, it …