Econ Timeline

  • Maduro Beats Capriles

    Maduro Beats Capriles
    In presidential elections for a six-year term, Maduro narrowly defeats opposition candidate Henrique Capriles, who had lost to Chavez by a wider margin the year before. Capriles and allies say the vote was marred by fraud and call on supporters to take to the streets.
  • Nicolas Maduro Takes Office

    Nicolas Maduro Takes Office
    Venezuelan President Hugo Chavez, who won over the country’s poor with so-called “21st century socialism” during his 14-year rule, dies from cancer at 58. His preferred successor, Vice President Nicolas Maduro, takes office.
  • Leopoldo Lopez gets Arrested

    Leopoldo Lopez gets Arrested
    Venezuelan security forces arrest well-known opposition leader Leopoldo Lopez on charges of fomenting unrest, after a wave of protests known as ‘The Exit,’ seeking to oust Maduro.
  • Democratic Unity coalition wins control of Venezuela’s legislative body

     Democratic Unity coalition wins control of Venezuela’s legislative body
    The opposition Democratic Unity coalition wins control of Venezuela’s legislative body, the National Assembly, for the first time in 16 years, riding a wave of popular discontent with a prolonged recession and rising inflation after oil prices collapsed.
  • Venezuela's Supreme Court takes over functions of the National Assembly.

    Venezuela's Supreme Court takes over functions of the National Assembly.
    Venezuela's Supreme Court, which has consistently sided with the ruling Socialist Party, announces here it is taking over the functions of the National Assembly. The court quickly walks back the decision amid international outcry. But the event sparks months of anti-government protests that ultimately leave more than 100 dead.
  • Venezuela calls a Referendum

     Venezuela calls a Referendum
    Venezuela calls a referendum, boycotted by the opposition, to approve the creation of an all-powerful legislative body called the Constituent Assembly. It is nominally tasked with rewriting the constitution but quickly takes over crucial legislative functions, leading to accusations that Maduro is undermining democracy.
  • Maduro cruises to re-electihere over a lesser-known opposition

     Maduro cruises to re-electihere over a lesser-known opposition
    Maduro cruises to re-electihere over a lesser-known opposition candidate amid low turnout and allegations of vote-buying by the government. The domestic opposition, United States and Lima Group of mostly right-leaning Latin American governments say they do not recognize the results.
  • The government announces the vote will be held in the first half of the year

    Mediation talks between the government and the opposition collapse amid disagreement over the timing of the next presidential election. The government announces the vote will be held in the first half of the year, and the main opposition parties pledge to boycott.
  • Maduro goes ahead with his inauguration

    Maduro goes ahead with his inauguration
    Maduro goes ahead with his inauguration for a second six-year term, ignoring the advice of several Latin American governments. Juan Guaido, a virtually unknown here opposition lawmaker who assumed leadership of the largely toothless National Assembly days earlier, calls Maduro a "usurper."
  • Guaido swears himself in here as interim president

    Guaido swears himself in here as interim president
    Guaido swears himself in here as interim president at the opposition's largest rally since 2017. He is recognized as the country's legitimate president by the United States and many of Venezuela's neighbors.