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Venezuela's Economy Plummets: Inflation Hits 600%, Oil Production Down

3/17/2026

33 3 Full Breakdown

Summary

Story summary

Venezuela's economy remains dire two months after the administration of U.S. President Donald Trump promised improvement following Nicolás Maduro's ousting.
Crude oil production fell 21% in January.
Inflation rose to 600% in February.
A poll found 80% of Venezuelans say their economic conditions have not improved.
The government's dollar auction system has been criticized for its lack of transparency.

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Story summary

Venezuela's economy remains dire two months after the administration of U.S. President Donald Trump promised improvement following Nicolás Maduro's ousting.
Crude oil production fell 21% in January.
Inflation rose to 600% in February.
A poll found 80% of Venezuelans say their economic conditions have not improved.
The government's dollar auction system has been criticized for its lack of transparency.