PESTLE Insights: Venezuela - Macroeconomic Outlook Report

Zulia and the Capital region contribute 20.7% to the nation’s total population and is home to major economic activities of the country.

Mining, manufacturing and utilities activities contributed 30.7% to the gross value added (GVA) in 2016, followed by wholesale, retail and hotels (22.1%), and financial intermediation, real estate and business activities (11.5%).

Scope

- The IBVC index of the Caracas Stock Exchange recorded a significant growth in the past one year due to currency devaluation and very high level of inflation. The index rose from 60.5 on May 11, 2017 to 19,927 on May 11, 2018.

- As per World Bank's logistics performance index (LPI), transport and logistic infrastructure in Venezuela deteriorated over the last two years with a decrease in rank from 76th in 2014 to 122nd out of 160 countries in 2016.

- In February 2018, Venezuela and China signed 22 new agreements worth US$2.7 bn to strengthen bilateral ties.

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.

Table of Contents

Table of Contents

Table of Contents 2

List of Exhibits 3

Did you Know? 4

Country Highlights 5

Country Snapshot 7

PESTLE Insights 20

Political ...

Table of Contents

Table of Contents 2

List of Exhibits 3

Did you Know? 4

Country Highlights 5

Country Snapshot 7

PESTLE Insights 20

Political Landscape 21

Economic Landscape 22

Social Landscape 29

Technological Landscape 32

Legal Landscape 35

Environmental Landscape 36

Outlook 37

List of Figures

List of Figures

Exhibit 1: Venezuela’s Performance in Country Risk Analysis in Comparison to Latin America and the World Average 10

Exhibit 2: Performance Overview ...

List of Figures

Exhibit 1: Venezuela’s Performance in Country Risk Analysis in Comparison to Latin America and the World Average 10

Exhibit 2: Performance Overview (Score: 1-100) 11

Exhibit 3: Broad Categories and Weights behind the Index 12

Exhibit 4: Venezuela Stock Market (IBVC) index 14

Exhibit 5: Key Sectors Contribution to the Economy 15

Exhibit 6: Net FDI inflows and outflows (2013-2016), FDI by type of earnings (2015) and Greenfield investments (2014-2016) 16

Exhibit 7: Key Infrastructure Indicators 19

Exhibit 8: Real GDP and Household Consumption Growth Rate 23

Exhibit 9: Real GDP Growth Rate Comparison (2017) 23

Exhibit 10: Export, Import and Trade Balance 24

Exhibit 11: Current Account Balance 25

Exhibit 12: Top Three Commodity Exports, % of Total Exports, 2010-2013 25

Exhibit 13: Mineral fuel, oils and product of their distillation 2013 26

Exhibit 14: Exchange Rate and Inflation Rate 27

Exhibit 15: Public Finance 28

Exhibit 16: General Government Debt 28

Exhibit 17: Employment/Unemployment 30

Exhibit 18: Average Annual Wages 30

Exhibit 19: Labour Cost Index 30

Exhibit 20: Rural/Urban Share in Total Population 31

Exhibit 21: Age-group Share of Total Population 31

Exhibit 22: Gender Split 31

Exhibit 23: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate, 2016 33

Exhibit 24: Number of Patents Granted Per M Inhabitants, 2015 34

Exhibit 25: High-technology exports (% of manufactured exports) 34

Exhibit 26: Doing Business in Venezuela 2018 35

Exhibit 27: Corruption Perception Index (rankings) 2017 35

Exhibit 28: CO2 Emissions 36

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