Venezuela’s economy stands as one of the most dramatic collapses in modern history, and people around the world keep asking what destroyed Venezuela economy after decades of oil wealth. In short, a mix of falling oil prices, government mismanagement, corruption, and crushing international sanctions pushed the once-wealthy nation into a prolonged financial disaster. Today, in 2026, the country is still trying to recover even after major political changes. When Did Venezuela Economic Crisis Start The Venezuela economic crisis did not happen overnight. Most economists trace its roots back to 2013,…
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