Socio-Economic Analysis of Venezuela
Venezuela's economy in the last years is not good news as far as the economic sector is concerned in comparison to previous years, the economic crisis that the country presents today is worrisome, social and political confrontations and above all inflation are problems that are linked to generate an environment of chaos.
The oil sector, which has been the main carrier of economic prosperity in the country, today is not in its best moments either, where the production does not exceed 400 thousand barrels of oil, the figures of the Opep this together with the high cuts in electrical energy that has affected the South American country, which affects the economic crisis we are facing, corruption, mismanagement, lack of good follow-up in administrative policies.
The degree of inflation that we have today surpasses 7000 % which makes it impossible for the economic sector to stabilize, the majority of the inhabitants do not have the capacity to consume. In addition, there is no stimulation of the industrial apparatus of PDVSA which is in its worst moment of productivity and is the main industry that the Venezuelan country has.
The economy of the country is dollarized and the sad reality that a minimum salary is 400 thousand bs per month, and being 1 dollar in 472000 bs implies that the minimum salary is 0.84 dollars, in reality that in economic terms this means a shame when we compare it with the macroeconomic variables of Venezuela in the past, it is together with other hostilities that have made Venezuelans migrate to other countries and in this way be able to find the conditions of dignified life that here are impossible to achieve.
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Hello @sandracarrascal
Surely anyone reading this article could not believe that a person could earn 1 dollar a month. But that is the sad reality.
Anyone who pays for a ticket or has a cost to get to work would literally have to pay to work. That's even more incredible.
Hello @josevas217
I agree with you, anyone who can read my article would not believe that this is our minimum wage, but it is very sad but very real that this is a wage, we do not even have enough for a kilo of rice.
We can't pay for transportation to get to work because when we get paid for the fortnight we are left owing to the transportation. I greet you, my friend, and thank you for your support.
@tipu curate
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Good article, that's the truth of a society hijacked by a communist system.
Greetings. Thanks for your great support, it is something real the country of Venezuela is immersed in a communist system.
Hi @sandracarrascal
My point of view is very simple and basic, as long as the criminals and miserable communists who occupy positions in the government are there, I doubt very much that this country can recover economically because there are no guarantees for any economic sector. Unless you are in some way consanguineously linked with one of these criminals that are destroying our country.
However, I can assure you that once these criminals leave, the economic recovery may take an approximate year, but the problem will lie in the bad cost of the vagrants and thugs that this government maintained in order to be in power ... that will be a task very difficult, but it can be done. I hope so.