Venezuela's Central Bank (BCV) headquarters in Caracas next to BCV and Venezuelan flags. File photo.
The Central Bank of Venezuela (BCV) announced Thursday that the country’s gross domestic product (GDP) increased by 8.71% during the third quarter of 2025, compared to the same period in 2024. This increase reflects the nation’s sustained economic growth trajectory amid an intensification of US sanctions and military threats.
Venezuela’s monetary authority showed that the positive performance was in key sectors. Oil activity registered a 16.12% growth, a crucial indicator of the country’s energy recovery. Meanwhile, non-oil activity also demonstrated strong vitality, expanding by 6.12%, reflecting productive diversification.
The BCV noted that various sectors boosted this expansion. Indeed, the construction sector led the expansion with a robust 16.40%. Furthermore, the transportation and storage sector grew 9.35%, closely followed by manufacturing, which increased 8.98%. Trade and vehicle repair also showed a vigorous growth of 8.19%.
#ENVIVO | Presidente de #Venezuela 🇻🇪, Nicolás Maduro, informa que el Banco Central de Venezuela anunció el crecimiento del tercer trimestre de la economía nacional en un 8.71 por ciento
→ https://t.co/ROUUUfjBZh pic.twitter.com/6BPfsD4ZUD
— teleSUR TV (@teleSURtv) October 16, 2025
Other productive sectors contributed to the overall result. Mining increased by 7.08%, demonstrating renewed momentum in resource exploitation. The electricity and water sector registered a growth of 6.89%, while lodging and food services expanded by 6.78%, reflecting a recovery in domestic demand and tourism. Finally, real estate, professional, scientific, technical, administrative, and support activities grew by 6.60%, and agriculture contributed with a 6.11% increase.
These results mark the 18th consecutive quarter in which the Venezuelan economy has reported growth. The BCV emphasizes that this ongoing cycle increasingly strengthens its recovery process, consolidating the national economic resilience in the face of foreign aggression.
Venezuela’s Vice President Delcy Rodríguez publicly celebrated these achievements, attributing them to national determination.
Rodríguez stated that “the Venezuelan economy maintains its growth path despite the criminal blockade, perverse psychological campaigns, and threats of war.”
Consequently, she emphasized that the success represents a “demonstration of the profound national unity of our people to resist and overcome difficulties.” Rodríguez issued a clear challenge to the International Monetary Fund (IMF), stating that it “will be left with nothing in its lies about Venezuela” while, in contrast, the organization “shamelessly destroys Argentina.” In a message of optimism, the Vice President concluded: “Venezuela will continue to triumph alongside the people!”
The sustained growth of 8.71% demonstrates the effectiveness of the economic policies implemented by the Nicolas Maduro administration. The dynamism in the oil sector and the diversification reflected in the non-oil sector indicate that the economy will continue on a clear and robust path of recovery. Venezuela’s GDP grew steadily, confirming the path toward stability and development.
Despite the GDP news, the recent US aggression—including tightening of illegal sanctions on the oil industry, and warmongering rhetoric and threats increasing to unprecedented levels—has had an impact on the exchange rate and the difference between the black market and the official foreign exchange rate.
While this phenomenon puts an additional burden on ordinary Venezuelans, the partial dollarization of the economy has served the majority of Venezuelans in dealing with foreign exchange rate fluctuations and the consequent impact on prices marked in bolivars.
Furthermore, historical data shows that the third and fourth quarters are key for successful annual GDP growth. For many economists, the economic activity, both perceived and real, points to similar growth behavior for the fourth quarter, driven by strong oil performance and improved consumption. With a similar or better fourth-quarter performance, the Venezuelan economy could end 2025 with growth close to 10%, among the highest in the hemisphere.
(RedRadioVE) by Jhulimar Fraga with Orinoco Tribune content
Translation: Orinoco Tribune
OT/JRE/JB
