Venezuelas GDP (PPP) is estimated at $211.1 billion in 2025, though economic collapse distorts data. Venezuelas economy, once driven by oil, has contracted due to mismanagement, sanctions, and hyperinflation. The PPP adjustment boosts GDP due to a low cost of living. Poverty and emigration are widespread, while infrastructure decay hinders recovery. Venezuela aims to stabilize through oil exports, but political repression and isolation limit progress. Governance reforms and debt restructuring are essential for any economic recovery in the near term.
World Bank purchasing power parity GDP economic data as of July 2025.