Venezuela

In-depth country-focused analysis on Venezuela's economic, political and operational risk environment, complemented by detailed sector insight

Our comprehensive assessment of Venezuela's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Venezuela, as well as the latest industry developments that could impact Venezuela's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Venezuela before your competitors.

Venezuela Country Risk

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Core Views We expect economic growth to remain sluggish, characterised by a slowdown in private consumption, net exports, and investment. President Nicolás Maduro has consolidated his...

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Venezuela Industry Coverage (19)

Agribusiness

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BMI View: The victory of Nicolás Maduro of the ruling Partido Socialista Unido de Venezuela in April will most probably ensure the continuity of many of the interventionist policies of...

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Autos

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Vehicle sales in Venezuela declined 63.9% year-on-year (y-o-y) in December, to 2,959 units. We expect to see a 24.3% drop in the sector in 2013, as the poor macro picture in Venezuela is increasingly...

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Commercial Banking

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Commercial Banking Sector Indicators Date Total assets Client loans Bond portfolio Other Liabilities and capital Capital Client deposits Other...

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Consumer Electronics

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BMI View: The short - term outlook for the Venezuelan consumer electronics market is weak, with currency weakness, and economic, political and security risks weighing on purchasing power and...

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Defence & Security

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Historically speaking, Venezuela is an insignificant player in the world arms market. It imports nearly all its weapons, and in fact has almost no indigenous defence production capability. Venezuela'...

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Food & Drink

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BMI believes that, given the substantial headwinds facing the Venezuelan economy, the country's real GDP will expand slowly over the coming years, at 2.0% in 2013 and 1.5% in 2014. Despite enormous...

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Freight Transport

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BMI View: As an important oil - exporting economy Venezuela retains substantial resilience despite recent economic mismanagement and heightened political risk. BMI 's view is therefore that...

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Information Technology

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BMI View: Despite a deteriorating economic situation in Venezuela, with inflation at around 50 %, for example, the government decided to stay the course, posing further risks to an already-poor...

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Infrastructure

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BMI View: We have revised down our forecasts to reflect a more aggressively deteriorating environment in Venezuela's construction sector. Although we anticipated a substantial decline in industry...

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Medical Devices

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Espicom Industry View: The Venezuel an medical device market is hyper-inflated, ranking third in Latin America. It is projected to register a low 2013-2018 CAGR due to maxi-devaluations of...

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Mining

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BMI View: The mining sector in Central America and the Caribbean is set to grow as investment flows into the region's untapped mineral potential. Much of this will be focused on gold and...

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Oil & Gas

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BMI View: We retain a cautious stance on the Venezuelan oil and gas sector . While a flurry of new loans and deals may improve the financial position of PdVSA over the short term, the threat...

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Petrochemicals

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Progress on expansion of the Venezuelan petrochemicals industry has been slow and undermined by the government's policy in upstream sectors that provide feedstock and its general indifference to...

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Pharmaceuticals & Healthcare

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BMI View: We expect the situation in Venezuela to worsen under a new law which will empower President Nicolás Maduro to enact legislation without approval from parliament, a new tool in...

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Power

Real Estate

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BMI View: The Venezuelan commercial real estate sector is set for further turbulence in 2014 with pockets of sharp growth in rental rates expected across the country due to the devaluation of the...

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Retail

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BMI View: R etail markets in Latin America are expanding quickly in light of rapidly increasing disposable income, population growth (especially in urban areas), aspirational purchasing, easier...

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Shipping

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President Nicolas Maduro's price cut on appliances poses a threat to Venezuela's port sector as shippers have already begun redirecting their shipments away from the country. We have previously...

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Telecommunications

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BMI View : While Venezuela has made headway into 4G with its recent 4G mobile licence tender, we remain bearish towards its impact on mobile broadband growth. U ncertainty regarding the...

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