For years, talking about investment in Venezuela was almost an act of faith. The economy was contracting, installed capacity was crumbling, and companies were surviving on the bare minimum. But the latest figures from the Central Bank of Venezuela are beginning to tell a different story: by the end of the third quarter of 2026, Gross Fixed Capital Formation—the GDP component that measures how much is invested in machinery, equipment, warehouses, technology, and infrastructure—had reportedly grown by 28.25%. That’s no small figure. It is probably the most interesting data point the central bank has published in a long time.