HIGH RISK for enterprise
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
Economic risk
Business environment risk
Political risk
Commercial risk
Financing risk
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GDP | USD287.3bn (World ranking 42, IMF 2015) |
Population | 28.5mn (World ranking 50, World bank 2019) |
Form of state | Federal Republic |
Head of government | Nicolas Maduro |
Next elections | 2023, Parliament |
(% of total)
Exports | Rank | Imports |
---|---|---|
United States
27%
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1 |
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China
11%
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2 |
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India
11%
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3 |
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Singapore
2%
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4 |
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Spain
1%
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5 |
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(% of total)
Exports | Rank | Imports |
---|---|---|
Crude Oil
77%
|
1 |
7%
Refined Petroleum Products
|
Refined Petroleum Products
17%
|
2 |
7%
Pharmaceuticals
|
Non-Monetary Gold
1%
|
3 |
5%
Engines
|
Basic Organic Chemicals
1%
|
4 |
4%
Fats
|
Iron Steel
1%
|
5 |
4%
Meat
|
07 April
In 2021, Latin American countries could be holding "excess" FX reserves of around 8.8% of GDP, with an opportunity cost to economic activity as high as 0.7% of GDP.
01 April
The pace of vaccination campaigns will drive a multi-speed recovery, keeping divergence high.
05 March
As governments race to contain new and more contagious variants of Covid-19, ‘travel passes’ or ‘vaccine passports’ won’t be enough to revive tourism.