Global Tenders Venezuela

About Venezuela's economy

The Venezuelan economy has undergone significant turmoil in recent years, marked by a sharp decline in GDP, a contraction in global trade, and a deterioration in government procurement practices. In 2022, Venezuela's GDP stood at an estimated $148.5 billion, representing a significant decline from its peak of $394.1 billion in 2013. This contraction in economic activity has been attributed to various factors, including government mismanagement, corruption, and international sanctions. Venezuela's global trade has also suffered in recent years. In 2022, the country's total exports amounted to $37.7 billion, a substantial decrease from $105.3 billion in 2013. This decline in trade reflects the challenges Venezuela faces in exporting its primary products, particularly oil, due to infrastructure issues and international sanctions. Government procurement in Venezuela has also been affected by the economic crisis. In 2022, the government allocated approximately $15.2 billion for procurement activities, a significant decrease from $57.3 billion in 2013. This decline reflects the government's reduced financial resources and its focus on addressing more pressing needs, such as providing basic necessities for the population.

With Globaltenders.com, navigating the Venezuela tender landscape becomes smoother, more informed, and ultimately, more successful.

Benefits of using GlobalTenders.com to search for Global Venezuela tenders

• Uncover opportunities: Globaltenders.com offers an unmatched database of Venezuela tenders across various sectors and regions, more than any other platform.
• Streamline your application: Access detailed tender documents, deadlines, and eligibility criteria for Global Venezuela tenders. Our dedicated team is always here to answer your questions and guide you through the tendering process in Venezuela with 24/7 customer support.
• Gain market insights: Leverage market research reports and analysis for Venezuela to understand industry trends, competitor landscape, and project feasibility.
• Venezuela Tender Training: Enroll in their comprehensive tender training programs specific to Venezuela bid landscape to learn best practices for bid writing, negotiation, and contract management.
• Collaboration: Partner with other businesses in Venezuela to expand your capabilities and secure larger projects.
• Subcontract: Find reliable subcontractors in Venezuela to fulfill specific aspects of your tender commitments.