Economic history of Venezuela - Wikipedia
Under his successor Nicolás Maduro, the Venezuelan economy has collapsed, prompting millions of citizens to flee Venezuela. Multiple factors contributed including a steep decline in the global price of …
Why did Venezuela’s economy collapse? - Economics Observatory
Sep 23, 2024 · Venezuela’s demise was largely driven by domestic economic policies, although sanctions have played a role more recently. Here, we explore the various factors that have …
History of Venezuela | Oil, Brief, Survey, Timeline, Facts, Government ...
Jan 4, 2026 · From 1958 to the early 21st century it was more democratic and politically stable than most other Latin American countries, and its economy benefited from a thriving petroleum industry …
How Venezuela Fell Into Crisis - HISTORY
May 9, 2019 · Overspending, lower oil prices and political unrest all combined to trigger a decline for the once-prosperous nation. It wasn’t that long ago that Venezuela, which possesses the world’s largest...
Venezuela’s recent economic history (Update) - NPR
Jan 4, 2026 · We’ve been checking in on the economic conditions in Venezuela for about a decade now.
The History of Venezuela | A Monetary and Fiscal History of Latin ...
In the postwar era, Venezuela represents one of the most dramatic growth experiences in the world. Measured as real gross domestic product (GDP) per capita in international dollars, Venezuela …
Venezuela’s economic arc: From oil powerhouse to historic collapse
Jan 5, 2026 · From 2014 through 2020, Venezuela endured seven straight years of economic contraction, with five of those years marked by double-digit declines in real output. Hyperinflation …
The Turbulent History of Venezuela: From Oil Riches to Political Crisis
In 1914, Venezuela struck oil in the Maracaibo Basin, transforming its economy overnight. By the 1920s, it became one of the world's top oil exporters, attracting U.S. and European companies. The wealth, …
The Economic and Social Evolution of Venezuela: From Indigenous ...
Jan 4, 2026 · This article explores Venezuela’s indigenous roots, colonial economy, post-independence agricultural expansion, the rise of the oil industry, and its rapid economic growth during the 20th …
Venezuela, From the Richest Country in Latin America to a Collapsing ...
Jan 6, 2026 · From a major oil power to a collapsed economy, the country's history is marked by fuel prices and political decisions along the way. Venezuela's economic contraction is unprecedented in …