This year different factors have been presented for Venezuelan economy. Taking into account the panorama last month, that is, April 2025, the Institute of Economic and Social Research of the Andrés Bello Catholic University, reveals that this country continued to experience a reduction of its economic activity, with an especially notable impact on the oil industry. This situation generated concern, since this sector is fundamental for its exports and the support of public finances.
However, for May Venezuela received a respite, since the Central Bank of the Nation reported an increase of 9.32% in it Gross Domestic Product (GDP) during the first quarter of 2025. This report suggests a renewed activity in national production, which could translate more opportunities labor for Venezuelans.
What does it mean that Venezuela has an increase in the gross domestic product?
This data marks the continuation of a positive trend that began 16 quarters ago, throwing annual growth of 8.54%. The Central Bank of Venezuela also explained that these Aspects are also benefited:
- The activity Petroleum He experienced a remarkable impulse, with an increase of 18.23%.
- The sector miner It also showed a significant expansion, growing 13.46% in the first quarter of 2025.
Also read: price of the dollar in Venezuela today May 2: historical value above 86.66 bolivars
Dollar price today in Venezuela
For this MondayMay 5, the foreign currency in Venezuela had an important value both in the price official as in him parallel. Here we tell you what are:
- Price of BCV dollar (Official): $ 88.64
- Price of the parallel dollar: $109,20
- Average dollar price: $98,92
Dollar price in Colombia today
The representative market rate (TRM) Published by the Financial Superintendence of Colombia, the dollar, opens its market rate with an equivalence of $4.243Colombian weights. Which represents a increase with a difference of $ 21 Colombian pesos that had been calculated in the previous price. For more information about this news, click here.
Other news: CIJ orders Venezuela not to celebrate elections in Esequibo
What is the Digital Bolivar?
He Bolívar Digital It is the official currency in Venezuela, the result of the third reform monetary implemented by the Government. This measure meant the elimination of six zeros from the previous currency, the Sovereign Bolivar. In other words, one million sovereign bolivars now equals a digital bolivar.
You may also be interested: BCV dollar price today April 29, 2025 in Venezuela: Live monitor with updated value
How much is worth 100 bolivars in Colombian pesos?
Many people question the value of Venezuela’s currency against the Colombian, due to the migration they have had to assume some Venezuelans in the Colombian territory. Also, one of the most frequent questions is the value of its currency in Colombia, in this case, what is the conversion of 100 bolivars:
- Bolivars: $ 88,6405 ——> Colombian pesos: $43.966
