Venezuela's economy grows 7.14% in second quarter, central bank reports

Venezuela's economy demonstrated a robust expansion of 7.14% in the second quarter of 2026, marking the 21st consecutive quarter of growth, according to official figures from the Central Bank of Venezuela (BCV).

The BCV reported that the oil sector experienced a significant surge of 9.10%, while the non-oil sector also saw a healthy increase of 5.79%. This non-oil growth was attributed to increased foreign currency sales for national production and the synergy between various economic activities.

In a brief statement, the BCV highlighted that the Venezuelan economy is showing a "higher level of economic activity, increasingly strengthening its recovery process." The bank expressed confidence in the current growth trajectory, calling for "the joint effort of all Venezuelans to achieve its diversification and reinforce its export vocation."

This sustained growth follows a 9.0% expansion recorded for the entirety of 2025 compared to the previous year, according to BCV data. The central bank, however, provided no further details or consolidated annual figures in its latest report.