Venezuela Country & Currency Research Report ► (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. Venezuela's Fundamental Currency Analysis (short term investment): Venezuela’s currency is overvalued on a global basis. Venezuela's Value Investor Survey (short term investment): the economic environment is very unfavorable for long term economic growth due to low scores on economic freedom, diversity, and the SWOT analysis. Venezuela's General Trading Partners: 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. Venezuela's Commodity Trading Partners: Venezuela produces a significant amount of crude oil and coca mostly as an export. SWOT Analysis of Venezuela: The leading strength is Venezuela’s participation in OPEC, the international oil cartel. Government nationalizations, crime and corruption are major SWOT weaknesses. Venezuela's Currency Trading Strategy: A overvalued currency, low investment flow potential and very unfavorable business environment lead to a strongly negative outlook for Venezuela. For our entire list of country & currency analysis, see the Country & Currency Analysis home page.
