Some considerations on the economic situation in Venezuela.

Dear readers, although I am not a specialist in economics for some time I have been reading a little about some aspects of economic and social interest that have been experienced in Venezuela in recent years, it is something that has become common for those of us who live in this beautiful country, since we are in need of some answers in this regard.

I can begin by pointing out that an indicator of economic interest is based on the population of the country taking into account whether it is employed or unemployed, there are also other important elements to consider such as economic growth, trade exchange, product prices, employment wages and income distribution. Regarding the population, the country in the last decade has experienced a constant migration which has been according to some reports of specialists in the area, approximately 4 million and whose destination has been to sister countries in South America, this translates into loss of professional human talent, skilled labor, among others.

On the other hand, a large part of the population that is still active in the country has migrated from the public administration to private companies, this phenomenon is due to the salary remuneration that has affected above all the income of the public administration, therefore, private companies have received the majority of the employed population from the public administration leaving sources of employment in government institutions, which have been occupied by the unemployed population. On the other hand, within the active population we can consider the people who develop what is currently known as entrepreneurship, that is, small businesses in the formal and informal economy that have emerged as an alternative to the economic problems the country is going through.

In this same order of ideas, if we refer to economic growth, it is well known that it is based on the increase of the gross domestic product and this is based on the sum of the added value of the products exploited or elaborated within the country plus the taxes that these generate, therefore, in the last years some specialists point out that Venezuela has had a fall of the gross domestic product, this because of certain sanctioning measures of foreign governments and bad government management, It is no secret that the main source of income of the nation is the oil industry PDVSA, which has not been able to sell crude oil in the international markets, nor has it been able to acquire inputs for the refining of crude oil and obtain by-products, not even for the national supply, also due to the decay of the infrastructure for the extraction of crude oil.

Due to the aforementioned, the mining sector has increased its activity with the extraction of some minerals and the agricultural sector has been maintained thanks to certain strategies of alliances with livestock guilds to obtain certain agricultural inputs and thus try to increase production and be able to comply with the food security of which there is so much talk worldwide. These are just a few aspects to consider that allow us to make a superficial x-ray of Venezuela's economic condition.