EUR 431.05 For Business Accounts Only

Venezuela PESTLE Insights - A Macroeconomic Outlook Report

Summary

Venezuela’s real GDP is forecast to contract by -12.04% in 2020, due to the loss of jobs in the production, manufacturing, education and hospitality sectors and limited growth prospects amid the pandemic.

Mining, manufacturing and utilities activities contributed 27.7% to the gross value added (GVA) in 2019, followed by wholesale, retail and hotels (23.5%), and financial intermediation, real estate and business activities (11.8%).

Scope

- As per the World Bank's logistics performance index (LPI), transport and logistic infrastructure in Venezuela deteriorated sharply over the last two years, with a decrease in rank from 122nd in 2016 to 142nd out of 160 countries in 2018.
- The IBVC index of the Caracas Stock Exchange has exhibited an upward trend since May 2020, after a sharp decline in January 2020 amid the pandemic.

Reasons to Buy

- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.