Business · Economy · 57 mins ago
Venezuela's economy grew 7.42% in the third quarter of 2026
Venezuela's economy grew 7.42% year over year in the third quarter of 2026, according to its central bank.
This was the 22nd consecutive quarter of expansion.
Growth was led mainly by activity outside the oil sector, which rose 6.28%.
Construction increased 35.75%, following rebuilding work after an earthquake in June.
Private-sector activity grew 8.02%, and oil-sector output also rose 8.02%.
The figures show expansion across both oil and non-oil parts of the economy.
The central bank's statement gives no forecast or next policy step.
Venezuela’s economy grew 7.42% year on year in the third quarter of 2026, the Central Bank said.
The quarter marked the economy’s 22nd consecutive period of expansion.
Growth was driven mainly by the non-oil sector, with construction rising 35.75%.
Private-sector activity grew 8.02%, while oil GDP rose 8.02% and non-oil GDP grew 6.28%.
- Who
- Venezuela’s Central Bank reported the growth.
- What
- Venezuela’s economy grew 7.42% year on year in the third quarter of 2026.
- When
- The third quarter of 2026; the Central Bank reported the figure on Thursday, November 12.
- Where
- Venezuela.
- Why
- Growth was driven mainly by the non-oil sector, including a 35.75% increase in construction. The article links construction growth to reconstruction work after the June earthquake.
This story does not have two clearly opposing sides.
An earthquake prompted reconstruction work that the article links to construction growth.
Venezuela’s economy grew 7.42% year on year.
The Central Bank reported the third-quarter growth figure.
- Economic growth
- 7.42% year on year
- Expansion streak
- 22 consecutive quarters
- Construction growth
- 35.75%
- Private-sector activity growth
- 8.02%
- Oil GDP growth
- 8.02%
- Non-oil GDP growth
- 6.28%