Editing Economy of Venezuela (section)

=== Manufacturing ===
{{expand section|date=September 2010}}
Manufacturing contributed 12% of GDP in 2014.<ref>{{Cite web|url=https://data.worldbank.org/indicator/NV.IND.MANF.ZS?locations=VE|title=Manufacturing, value added (% of GDP) {{!}} Data|last=The World Bank Group|date=2019|website=data.worldbank.org|access-date=2019-04-06}}</ref> The manufacturing sector is experiencing severe difficulties, amidst lack of investment and accusations of mismanagement.<ref>{{cite news|url=http://english.eluniversal.com/economia/121105/venezuelas-aluminum-industry-operates-at-29-of-capacity|archive-url=https://archive.today/20130122012546/http://english.eluniversal.com/economia/121105/venezuelas-aluminum-industry-operates-at-29-of-capacity|url-status=dead|archive-date=22 January 2013|access-date=15 November 2012|title=Venezuela's aluminum industry operates at 29% of capacity}}</ref><ref>{{cite news|url=http://www.eluniversal.com/economia/120229/venezuelas-aluminum-and-steel-production-below-1997-numbers|access-date=15 November 2012|title=Venezuela's aluminum and steel production below 1997 numbers}}</ref> Venezuela manufactures and exports [[steel]], [[aluminum]], transport equipment, [[textile]]s, [[apparel]], [[beverage]]s and [[foodstuff]]s. It produces [[cement]], [[tires]], [[paper]], [[fertilizer]] and assembles cars both for domestic and [[export]] [[Market (economics)|markets]].

In 2014, General Motors Venezolana stopped automotive production after 65 years of service due to a lack of supplies<ref>{{cite news|title=En imágenes: Así fue el último día de General Motors en Venezuela|url=http://www.venezuelaaldia.com/2014/05/en-imagenes-asi-fue-el-ultimo-dia-de-general-motors-en-venezuela/|access-date=19 May 2014|newspaper=Venezuela Al Dia|date=16 May 2014}}</ref><ref>{{cite news|title=Dolorosa imagen de nuestra industria automotriz: El cierre de General Motors Venezolana|url=http://www.lapatilla.com/site/2014/05/16/dolorosa-imagen-de-nuestra-industria-automotriz-el-cierre-de-general-motors-venezolana/|access-date=19 May 2014|newspaper=La Patilla}}</ref> while the Central Bank of Venezuela announced that the shortage rate of new automobiles was at 100%.<ref>{{cite news|last=Deniz|first=Roberto|title=Banco Central reporta que la escasez de vehículos llega al 100%|url=http://www.eluniversal.com/economia/140504/banco-central-reporta-que-la-escasez-de-vehiculos-llega-al-100|access-date=5 May 2014|newspaper=El Universal|date=4 May 2014}}</ref> By the first half of 2016, only 10 vehicles were manufactured per day in Venezuela with production dropping 86%.<ref>{{cite news|last1=Woody|first1=Christopher|title=Venezuela's looming economic catastrophe, in one graphic|url=https://www.businessinsider.com/venezuela-heading-toward-hyperinflation-2016-7|access-date=21 July 2016|agency=[[Business Insider]]|date=20 July 2016|archive-date=22 July 2016|archive-url=https://web.archive.org/web/20160722120957/http://www.businessinsider.com.au/venezuela-heading-toward-hyperinflation-2016-7|url-status=live}}</ref>

In 2017, estimates showed that Venezuela's industrial production fell about 2%.<ref name="CIAWFVE"/>