Venezuela’s acting president, Delcy Rodríguez, announced Thursday in Caracas that the country recorded 7.14% economic growth in the second quarter and that 91% of national income is directed to labor demands and the social protection system.

Speaking during a tour of the Valmy cosmetics and personal care production plant, acting pres. Rodríguez said the wage restoration policy has raised workers’ income by 50% this year and that consumption grew 25% between 2025 and 2026.

“Workers’ income should always be above GDP. Let workers truly see the benefits of this path,” she said.

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Acting President Rodríguez also referenced the social dialogue held this week between business sectors, union representatives and the national government to address labor consensus for public and private sector workers. She stressed that each signed agreement should also mean recovering jobs, benefits, income and vital public service infrastructure, particularly electricity.

Regarding the electrical system, she noted it is “very battered” and under pressure from economic growth and the climate emergency, and that the government has a recovery plan and is working daily to restore essential services following the June 24 double earthquake.

Acting President Rodríguez said all engines of the economy are growing, including manufacturing, commerce, construction, hydrocarbons and banking. She added that the government wants to give an extraordinary boost to petrochemicals through gas production and exports, as well as growth in the oil industry, which she said provides important income to the country.

“That recovery is taking place within the framework of Venezuela’s economic growth; growth that leads the region, Latin America and South America,” she said.

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