Although government statistics

According to official Venezuelan government data, the country’s gross domestic product (GDP) grew by 5.5% in 2023 and even 9% in 2024. Although government statistics may not be entirely reliable, there is no doubt that certain positive shifts have occurred. GDP growth is attributed to increased oil production, the recovery of certain economic sectors, the relaxation of international sanctions, and cooperation with Russia, China, Turkey, Iran, and other partners. The Venezuelan economy was also aided by the government’s decision in 2019 to allow the use of the U.S. dollar for transactions instead of the Venezuelan bolívar, which had been devastated by hyperinflation. Around half of all transactions are now conducted in dollars. The use of dollars has stimulated trade, especially retail, as well as capital flow. สล็อตเว็บตรง