The BCV has not provided a nominal figure for the size of Venezuela’s GDP but claims economic growth was 6.65% in the second quarter of 2025. Photo: BCV.
Guacamaya, July 23, 2027. The Central Bank of Venezuela (BCV) issued a press release on Tuesday stating that the Gross Domestic Product (GDP) in the second quarter of 2025 increased by 6.65% compared to the second quarter of 2024.
The growth would be surprisingly rapid, though lower than the 9.32% recorded in the first quarter of this year. In 2024, annual growth closed at 8.54%.
According to the BCV, in this second quarter, oil-related activity grew by 12.27%, while non-oil activity expanded by 4.41%. Within the non-oil sector, the highest growth rates were seen in: Financial and insurance activities (13.96%); Mining (7.90%); Vehicle trade and repair (7.72%); Accommodation and food services (7.44%); Information and communications (8.64%); Manufacturing (5.13%); Education, health, entertainment, and other services (4.55%); and Real estate, professional, scientific, technical, administrative, and support activities (4.51%).
The Venezuelan economy would remain in a process of rapid and continuous growth since the second quarter of 2021, according to the central bank. However, other non-governmental organizations have disagreed, estimating lower results.
The BCV, which holds a legal monopoly on publishing macroeconomic statistics, has stopped providing key data to the public, selectively releasing figures. For example, it has not published inflation data since October 2024. Nor does it disclose complete GDP statistics, limiting itself to a press release on growth. No nominal figure for the size of Venezuela’s economy—whether in bolivars or foreign currency—has been made available.
