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Graphic Truth: How Bad Is Venezuela's Collapse?

Graphic Truth: How Bad Is Venezuela's Collapse?
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Low oil prices, economic mismanagement, and political uncertainty have plunged Venezuela into an economic tailspin virtually unknown among countries during peacetime. By the end of this year, Venezuela's economy will have shrunk by 63 percent since the current political crisis erupted in 2016. Here's how that drop compares with other notable economic collapses over the past century.

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A man is seen holding up a placard against Spanish Prime Minister Pedro Sanchez as he takes part in a protest in solidarity with ceuta people, coinciding with Ceuta city day. The mass crossing of migrants into the city of Ceuta from Morocco has prompted several Spanish cities to call rallies and demonstrations in support of Ceuta and national sovereignty, as well as against the Spanish government's management.

A man is seen holding up a placard against Spanish Prime Minister Pedro Sanchez as he takes part in a protest in solidarity with ceuta people, coinciding with Ceuta city day, on Sept 2, 2026.

Jesus Merida / SOPA Images via Reuters Connect
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