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Economy of Venezuela. Statistics, Data and Indicators

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


Venezuela Major Economic Indicators

Indicator Data Period
GDP Value 106 USD Billion 2020
GDP Annual Growth Rate -26.8 % 1Q/19
GDP per capita 14025 USD 2014
Inflation Rate YoY 222 % Apr/22
Interest Rate 56.18 % Mar/22
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 10809 USD Million | 10.809 B USD Mar/22


GDP Indicators

Indicator Data Period
GDP Value 106 USD Billion 2020
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 350 % 2020
Government Spending 1286 VEF Million | 1.286 USD Billion 1Q/19
Government Budget to GDP -4.5 % 2021
Military Expenditure 0.41 USD Million | 0 B USD 2019


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 2997961 Index Points Apr/22
Food Inflation 193 % Apr/22
Gasoline Prices 0.02 USD/Liter Apr/22
Inflation Rate YoY 222 % Apr/22
Inflation Rate Mom 4.4 % Apr/22
Core Consumer Prices 594 Index Points Dec/13
Core Inflation Rate 60.3 % Dec/13
CPI Transportation 3731895552 Index Points Apr/22


Trade Indicators

Indicator Data Period
Current Account to GDP -3.5 % 2020
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 Mar/22
Foreign Exchange Reserves 10809 USD Million | 10.809 USD Billion Mar/22
Imports 2497 USD Million | 2.497 USD Billion 1Q/19


Money Indicators

Indicator Data Period
Gold Reserves 161 Tonnes 4Q/21
Interbank Rate 22 % Dec/16
Interest Rate 56.18 % Mar/22
Money Supply M0 3.79 VEF Million | 0.004 USD Billion Mar/22
Money Supply M1 6.37 VEF Million | 0.006 USD Billion Mar/22
Money Supply M2 6380 VEF Million | 6.38 USD Billion Mar/22
Money Supply M3 6380 VEF Million | 6.38 USD Billion Mar/22
Central Bank Balance Sheet 210557056 VEF Thousand | 210.557 B USD Mar/22
Deposit Interest Rate 36 % May/22
Foreign Direct Investment 105 USD Million | 0.105 B USD 1Q/19
Private Sector Credit  24076 VEF Thousand | 0.241 B USD Mar/22


Labor Indicators

Indicator Data Period
Minimum Wages 12600000 VEF/Month | 12600000 USD/Month Mar/22
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 728 BBL/D/1K Mar/22
Industrial Production -20.6 % Jan/19
Steel Production 2 Thousand Tonnes Dec/20


Business Indicators

Indicator Data Period
Corruption Index 14 index points 2021
Corruption Rank 177 place 2021
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 | 3.819 B USD 1Q/19