Calixto Ortega: Venezuela is on track to consolidate 21 quarters of overall growth

Published at: 23/06/2026 02:03 PM

This Tuesday, June 23 , the sector vice president of Economy and Finance, Calixto Ortega, emphasized that Venezuela is close to consolidating its 21st quarter of general economic growth, thanks to the efforts being made to move the country forward.

“Venezuela, as we have repeated many times, has accumulated 20 quarters of growth, of generalized growth, and the preliminary information for the second quarter of this year, which ends in a few days next week, also shows positive activity, which will mean the 21st quarter of growth,” he said during the inauguration of the World Retailers Congress 2026.

In this regard, he emphasized that productivity growth is reflected in household consumption. At the same time, he explained that to carry out this type of measurement, massive data is used, which comes from 100% of the banking operations carried out by Venezuelans.

“We are talking about billions of operations and this data shows us that since we started measuring it in 2024, it shows significant growth, more than 20%, more than 30% and well that reflects that the production that is being achieved in the field in the industry is benefiting the Venezuelan people,” he said.

He reaffirmed that in recent years there has been significant progress in the country's productive growth, thanks to the policies implemented by the Bolivarian Government to continue advancing and bringing well-being to Venezuelans.

Mazo News Team