Venezuela was promised an economic revival. But three months of minimum wage doesn’t add up to a single US dollar 23.04.2026

Despite promises of economic revival and stabilization following a transition of power on January 3, Venezuelans are struggling to see tangible improvements in their daily lives. Three months into acting President Delcy Rodríguez's term, the minimum wage remains so low that it doesn't equate to a single US dollar, while hyperinflation continues to erode purchasing power. Although economic indicators like GDP growth and oil production (at 1.1 million barrels per day) are reportedly improving, and US sanctions on key financial entities have been eased, citizens report being unable to afford basic necessities like food and medicine. The situation is marked by contrasts, with some sectors like vehicle dealerships showing growth while many other businesses struggle, and consumers increasingly rely on credit apps for essential purchases as the bolívar depreciates rapidly. Economists suggest that true economic relief may not be felt until the latter half of 2026, emphasizing the need to stabilize the exchange rate and curb inflation as initial steps.















