: Estimates for late 2025 placed inflation between 20% and 30% monthly in the capital, with approximately 80% of residents living in poverty .
: Venezuela is rich in other natural resources, including iron ore, bauxite (for aluminum), gold, nickel, and diamonds . venezuela
: Key industrial outputs include steel, aluminum, textiles, and processed foods , though many sectors have struggled with a lack of investment. Recent Economic Trends (2025–2026) : Estimates for late 2025 placed inflation between
: China has become the largest buyer of Venezuelan crude. Recently, India has also ramped up imports to a 6-year high due to supply disruptions elsewhere. including iron ore