Venezuela Country Analysis ► (edit / improve) Venezuela (VEF) has a mixed economy dominated by the petroleum sector, but with a moderate service and industrial base to slightly diversify economic growth. Currency: Venezuela’s currency is correctly valued on a global basis. Investor Survey: the economic environment is very unfavorable for long term economic growth due to low scores on economic freedom, diversity, and the SWOT analysis. Trade: China, Netherlands, and the US are the top trading partners, while the leading export is petroleum and coca. Coca is especially damaging, because it leads to crime and corruption. Commodity: Venezuela produces a significant amount of crude oil and coca mostly as an export. SWOT Analysis: The leading strength is Venezuela’s participation in OPEC, the international oil cartel. Government nationalizations, crime and corruption are major SWOT weaknesses. Trading Strategy: A correctly valued currency, low investment flow potential and very unfavorable business environment lead to a strongly negative outlook for Venezuela.
