Venezuela's Gross Domestic Product grew 9.32% in the first quarter of 2025

Published at: 01/05/2025 02:21 PM

The Central Bank of Venezuela (BCV) reported this Thursday that the country's Gross Domestic Product (GDP) registered a growth of 9.32% in the first quarter of 2025.

The financial institution indicated, in a press release, that this increase exceeds the 9.13% achieved between January and March 2024, maintaining the economic recovery process for 16 quarters.

To achieve these numbers, says the BCV, “the heroic deeds of the Venezuelan people against the economic blockade imposed on Venezuela, the correct implementation of economic policy and the participation of all sectors have been fundamental.”

The entity also highlighted the growth of oil activity by 18.23% and mining by 13.46% during this first quarter of the year, an example of Venezuela's economic response capacity in the face of external aggression and in the midst of the trade war initiated by the Donald Trump administration in the United States (USA) against the world.

Mazo News Team