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Venezuela and its Economic and Social Development

In 2025, Venezuela became the country with the highest economic growth and social benefits for its population, despite constant harassment and illegal extortion, euphemistically called “sanctions” imposed by the US regime. This is the example for Latin America that the administration of convicted President Donald Trump wants to destroy.

Written by

Hedelberto López Blanch

in

Originally Published in

Resumen Latinoamericano

In 2025, Venezuela became the country with the highest economic growth and social benefits for its population, despite constant harassment and illegal extortion, euphemistically called “sanctions” imposed by the US regime.

This is the example for Latin America that the administration of convicted President Donald Trump wants to destroy. On January 3, Trump launched an illegal and treacherous bombing of civilian and military sites such as Fort Tiuna and the neighborhoods of El Valle, Los Próceres, La Pastora, and 23 de Enero in Caracas; the states of Miranda, Aragua, and La Guaira, and kidnapped the democratically elected president, Nicolás Maduro Moros, and his wife Cilia Flores, a deputy in the National Assembly.

In violation of all international laws, Washington committed this vandalistic aggression, which caused around 100 deaths and dozens of injuries, with the aim of destroying the Bolivarian Revolution and taking over its immense reserves of oil, gas, gold, cobalt, rare earths, drinking water, and biodiversity.

For the empire, the example of independence and political and economic sovereignty that Venezuela has set for Latin America was and still is dangerous, as it contradicts the megalomaniac Trump’s desire to revive the Monroe Doctrine, which he advocates without the slightest modesty: America for the United States.

A few days before the aggression, the Economic Commission for Latin America and the Caribbean (ECLAC) highlighted “the exceptional economic recovery of Venezuela, a country that, together with Guyana, led growth in 2025, in a continental context of moderate expansion and persistent structural challenges.”

The document explained that in a general economic outlook for Latin America and the Caribbean characterized by low and persistent growth, Venezuela emerges as the leader in projections for next year.

According to the Preliminary Balance of the Economies of Latin America and the Caribbean 2025, presented by ECLAC, Venezuela grew by 6.5% in 2025, the highest rate in the region, adding that the Bolivarian nation is one of the fastest-growing countries in the region in 2024 (8.5%) and 2025 (6.5%), far exceeding the regional average (2.3 and 2.4%).

In turn, the regional economic body highlighted that inflation in the country, characterized by its socialist project, has fallen by more than 87% in one year, going from hyperinflation to high but manageable levels of inflation. This represents one of the most significant macroeconomic achievements in recent years, compared to the country’s historical figures.

Likewise, the day before his kidnapping, in an interview with journalist Ignacio Ramonet, President Maduro Moros emphasized that the country has reached its second consecutive year of leading the growth of the real economy in Latin America and the Caribbean.

The head of state, now kidnapped and imprisoned in New York, described this phenomenon as an “economic and spiritual miracle,” the result of the Venezuelan people’s resistance to the blockade and unilateral coercive measures imposed by the United States.

Official data indicate that the Bolivarian nation has had twenty consecutive quarters of recovery since the takeoff recorded in 2021, demonstrating the effectiveness of its own independent production model, which the United States fears because it sets an example for the entire region.

Maduro explained that the key to success lies in the Bolivarian Economic Agenda and its productive engines, as they designed “a plan for everyone to start moving forward with their own strength, engines with Venezuelan roots relevant to our reality,” and even in the most critical moments of the COVID-19 pandemic, they devised methods such as the 7×7 that allowed for the rebirth of national activity.

Official data indicate that despite the loss of 99% of oil revenues as a result of sanctions, the country managed to produce its own food, such as meat, milk, corn, and rice, guaranteeing food sovereignty.

In addition to GDP growth, trade registered a 34% increase, a figure that seeks to reinforce the idea of greater economic activity in non-oil sectors.

There was exponential growth in agriculture, local industry, and domestic trade.

In the social sphere, numerous programs have benefited millions of poor Venezuelans, such as the construction and delivery of more than five million homes, the only country in Latin America to have achieved this in so few years.

The economic recovery efforts implemented since 2018 had as their fundamental objective the control of inflation levels, which have been the lowest in 39 years.

From 2020 to 2025, the number of businesses in Venezuela rose to more than 76,500, and between 2018 and 2025, 62,600 brands of all types of products entered the market.

At the same time, bank credit between May 2024 and May 2025 increased by 87%, exceeding $1.8 billion, which has been possible without resorting to neoliberal policies that sacrifice workers or privatize public companies.

For the first time in 120 years, the population is self-sufficient, and 96% of the products on store shelves are domestically produced.

Seventy-seven percent of the national budget is invested directly in social protection for citizens.

All these economic and social advances are what the United States wants to destroy and, as a result, take over the wealth of that nation, which has been an example of sovereignty and independence not only for Latin America but also for many countries around the world in the face of an empire that is in decline but is extremely dangerous when it sees its hegemony crumbling.

Hedelberto López Blanch is a Cuban journalist. He writes for the daily newspaper Juventud Rebelde and the weekly Opciones. He is the author of many books and is a frequent contributor to Cuba en Resumen.