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Economy of Venezuela. Statistics, Data and Indicators

flag
Venezuela
5SD Credit rank #107
N/A Quality of life #
173 Corruption rank#154
188 Ease of doing business#164
Venezuela


Venezuela Major Economic Indicators

Indicator Data Period
GDP Value 482 USD Billion 2014
GDP Annual Growth Rate -26.8 % 1Q/19
GDP per capita 14025 USD 2014
Inflation Rate YoY 2358 % Jul/20
Interest Rate 38.98 % Jul/20
Unemployment Rate 6.4 % Dec/18
Balance of Trade 5680 USD Million | 5.68 B USD 1Q/19
Current Account 2533 USD Million | 2.533 B USD 1Q/19
Foreign Exchange Reserves 6565 USD Million | 6.565 B USD Aug/20


GDP
vvp
482
USD Billion
#29 from 174 countries
GDP per capita
vvp
14025
USD
#55 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 482 USD Billion 2014
GDP Annual Growth Rate -26.8 % 1Q/19
GDP per capita 14025 USD 2014
GDP per capita PPP 17131 USD 2014


Budget Indicators

Indicator Data Period
Government Debt to GDP 23 % 2017
Government Spending 1286 VEF Million | 0 USD Billion 1Q/19
Government Budget to GDP -29.9 % 2019
Military Expenditure 465 USD Million | 0.465 B USD 2017


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 96825950208 Index Points Jul/20
Food Inflation 2240 % Jul/20
Gasoline Prices 0.02 USD/Liter Aug/20
Inflation Rate YoY 2358 % Jul/20
Inflation Rate Mom 19.6 % Jul/20
Core Consumer Prices 594 Index Points Dec/13
Core Inflation Rate 60.3 % Dec/13
CPI Transportation 49792450560 Index Points Jul/20


Trade Indicators

Indicator Data Period
Current Account to GDP 9.8 % 2019
Balance of Trade 5680 USD Million | 5.68 USD Billion 1Q/19
Current Account 2533 USD Million | 2.533 B USD 1Q/19
Exports 8627 USD Million | 8.627 USD Billion 1Q/19
External Debt 0 USD Million | 0 USD Billion Jun/20
Foreign Exchange Reserves 6565 USD Million | 6.565 USD Billion Aug/20
Imports 2497 USD Million | 2.497 USD Billion 1Q/19


Money Indicators

Indicator Data Period
Gold Reserves 161 Tonnes 2Q/20
Interbank Rate 22 % Dec/16
Interest Rate 38.98 % Jul/20
Money Supply M0 125319144 VEF Million | 0.504 USD Billion Jul/20
Money Supply M1 159907760 VEF Million | 0.644 USD Billion Jul/20
Money Supply M2 160313664 VEF Million | 0.645 USD Billion Jul/20
Money Supply M3 160313664 VEF Million | 0.645 USD Billion Jul/20
Central Bank Balance Sheet 11578079 VEF Thousand | 0 B USD Jul/20
Deposit Interest Rate 24 % Sep/20
Foreign Direct Investment 105 USD Million | 0.105 B USD 1Q/19
Private Sector Credit  29011968 VEF Thousand | 0.001 B USD May/20


Labor Indicators

Indicator Data Period
Minimum Wages 400000 VEF/Month | 1.61 USD/Month May/20
Unemployment Rate 6.4 % Dec/18
Employed Persons 15011108 Person | 15.011 Million Person Dec/18
Employment Rate  93.65 % Dec/18
Unemployed Persons 1018421 Persons | 1.018 Million Persons Dec/18


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 396 BBL/D/1K Aug/20
Industrial Production -20.6 % Jan/19
Steel Production 1 Thousand Tonnes Aug/20


Business Indicators

Indicator Data Period
Corruption Index 16 index points 2019
Corruption Rank 173 place 2019
Ease of Doing Business 188 place 2019
Competitiveness Index 41.83 Index Points 2019
Competitiveness Rank 133 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence 66 index points 2Q/20
Retail Sales MoM -29.6 % Jan/19
Retail Sales YoY -53.5 % Jan/19
Consumer Spending 3819 VEF Million | 0 B USD 1Q/19


Gold Reserves
gold_reserve_icon
161
Tonnes
#26 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
6.565
USD Billion
#70 from 114 countries


Government Budget Value
balance_icon
N/A
N/A
#N/A from N/A countries
Inflation Rate
inflation_icon
2358
%
#1 from 174 countries


Interest Rate
discount_rate_icon
38.98
%
#3 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
6.4
%
#67 from 171 countries
Wages
salary_icon
N/A
N/A
#N/A from N/A countries