Once one of the richest countries in Latin America with the world’s largest oil reserves, Venezuela has been in political, economic, and humanitarian freefall in recent years. In this Q&A in the Harvard Gazette, Ricardo Hausmann talks about current concerns, what steps the country might take to steady itself and how CID's research has helped address some of these issues.

Visit our Venezuela project page for research, news, podcasts, and videos. 

More than 10% of the world's GDP comes from tourism. However, a lack of data limits our understanding of tourism’s role in the global economy: From which countries do the visitors who spend the most come? What are the most visited places? In what types of businesses do tourists spend their money? Our researchers are collaborating with the Mastercard Center for Inclusive Growth to better understand these issues and using anonymized and aggregated transaction data to study foreign tourist spending patterns in 40 countries.