The Daily Journal.— Venezuela’s Gross Domestic Product (GDP) grew 7.14% in the second quarter of 2026 compared with the same period a year earlier, the Central Bank of Venezuela (BCV) reported. The country has now recorded 21 consecutive quarters of economic growth.
According to the central bank, the result further consolidates the recovery of the Venezuelan economy, which has maintained an upward trajectory for five consecutive years.
The oil sector posted the strongest growth during the quarter, expanding 9.10% compared with the same period in 2025. Non-oil activity, meanwhile, grew 5.79%.
The BCV attributed the non-oil sector’s performance to greater availability of foreign currency for domestic production and increased interaction across different areas of the economy.
“This brings the Venezuelan economy to twenty-one (21) consecutive quarters of higher economic activity, further strengthening its recovery process,” the central bank said in its report.
The BCV said the Venezuelan economy remains “on a growth path” and stressed the need to advance toward greater productive diversification and strengthen the country’s export capacity.
“The Venezuelan economy continues on a growth path, with security and confidence, at a stage that requires the combined efforts of all Venezuelans to achieve greater diversification and strengthen its export capacity,” the BCV said.
The central bank did not provide details on other GDP components in the report or offer a breakdown of the performance of the various non-oil sectors.
