Venezuela's Economy in Ruins: Next Ruler Faces Decades of Rebuilding

• Venezuela's economy is severely damaged, comparable to a post-war state, due to corruption, mismanagement, and international sanctions.
• Hyperinflation wiped out savings, and current inflation remains in triple digits, making daily life a struggle for most Venezuelans.
• Around 40% of the population faces food insecurity, and millions have emigrated, impacting the workforce and straining neighboring states.
• Despite having the world's largest proven oil reserves, production has collapsed, and reviving the sector would cost tens of billions and take years.
• Investors are wary, demanding a stable government, clear laws, and credible protections before committing significant capital.

Why It Matters: Venezuela's next leader inherits a devastated economy requiring massive, long-term rebuilding efforts beyond just oil revival.