During his recent annual message to the Nation, President Nicolás Maduro outlined the economic milestones achieved in the last year, expressing a clear sense of optimism regarding the advances in the Venezuelan economy. In a context of resistance and transformation, the President presented a panorama that challenges adversity with a spirit of innovation and collective development.
Recovery of productive capacities: A step towards the future:
«We have recovered the productive capacities of the country,» said President Maduro, highlighting the resilience of the national business community.
This resurgence, in an environment that has faced multiple challenges, reflects a collective commitment to reestablish the bases of efficient and sustainable production, where each sector has a leading role in economic reconstruction.
Sustained GDP growth:
The Dignitary revealed compelling figures: “The growth of the Venezuelan economy, with consolidated data from the Central Bank of Venezuela for the year 2024, exceeded 9% of the Gross Domestic Product.”
This increase translates into a revitalization that, although still challenging, opens spaces for new opportunities and suggests a change in the country’s economic dynamics.
Investments that boost national development:
President Maduro highlighted the contracts signed during 2024, for more than 52 billion dollars of investment throughout the national economy.
This robust figure is a clear indicator of the confidence that investors are placing in Venezuela, as a new horizon for sustained growth is glimpsed.
Economic diversification:
Regarding specific economic sectors, the Dignitary shared data that underline the successful diversification of the economy:
– Growth in mining: 21%
– Oil activity: 14%
– Agriculture: 6.2%
– Trade and vehicle repair: 6.2%
– Manufacturing: 4.6%
These data show a balanced but differentiated growth; they also indicate that the economy is functioning at multiple levels, which can reduce the historical dependence on the oil industry.
War against inflation:
In another notable achievement, the head of State stated: “Venezuela closed 2024 with an annual inflation of 48%, the lowest since 2012.”
This significant decline is a victory for the country’s economic management, bringing relief to the population that has faced years of economic siege and sanctions that undermine the economic policies promoted by the Bolivarian Government.
Transformation of the economic model:
With the aim of consolidating a new economic model, the President announced the activation of the Decree to Minimize and Simplify Export Procedures and Protocols.
According to the head of State, this will establish a unified export model for all businessmen and entrepreneurs in the country, facilitating access to international markets and enhancing competitiveness.
Defense of national savings:
Additionally, President Maduro approved new mechanisms for the defense of national savings and deposits in Bolivars, reaffirming his commitment to all depositors.
This measure is designed to generate confidence in the Venezuelan financial system, ensuring the protection of the citizens’ assets.
