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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 112 USD Billion 2021
GDP Annual Growth Rate -1.5 % 4Q/21
GDP per capita 14025 USD 2014
Inflation Rate YoY 156 % Oct/22
Interest Rate 59.3 % Jan/23
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 9460 USD Million | 9.46 B USD Feb/23


GDP Indicators

Indicator Data Period
GDP Value 112 USD Billion 2021
GDP Annual Growth Rate -1.5 % 4Q/21
GDP per capita 14025 USD 2014
GDP per capita PPP 17131 USD 2014


Budget Indicators

Indicator Data Period
Government Debt to GDP 241 % 2021
Government Spending 1286 VEF Million | 1.286 USD Billion 1Q/19
Government Budget to GDP -4.5 % 2021
Military Expenditure 0.4 USD Million | 0 B USD 2019


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 5654207 Index Points Oct/22
Food Inflation 158 % Oct/22
Gasoline Prices 0.02 USD/Liter Mar/23
Inflation Rate YoY 156 % Oct/22
Inflation Rate Mom 6.2 % Oct/22
Core Consumer Prices 594 Index Points Dec/13
Core Inflation Rate 60.3 % Dec/13
CPI Transportation 6389439488 Index Points Oct/22


Trade Indicators

Indicator Data Period
Current Account to GDP -2.1 % 2021
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 Feb/23
Foreign Exchange Reserves 9460 USD Million | 9.46 USD Billion Feb/23
Imports 2947 USD Million | 2.947 USD Billion 1Q/19


Money Indicators

Indicator Data Period
Gold Reserves 161 Tonnes 4Q/22
Interbank Rate 22 % Dec/16
Interest Rate 59.3 % Jan/23
Money Supply M0 15.75 VEF Million | 0.016 USD Billion Feb/23
Money Supply M1 26166 VEF Million | 26.166 USD Billion Feb/23
Money Supply M2 26230 VEF Million | 26.23 USD Billion Feb/23
Money Supply M3 26230 VEF Million | 26.23 USD Billion Feb/23
Central Bank Balance Sheet 906145920 VEF Thousand | 906.146 B USD Feb/23
Deposit Interest Rate 36 % Mar/23
Foreign Direct Investment 105 USD Million | 0.105 B USD 1Q/19
Private Sector Credit  81501 VEF Thousand | 0.815 B USD Feb/23


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 704 BBL/D/1K Feb/23
Industrial Production -20.6 % Jan/19
Steel Production 2 Thousand Tonnes Dec/20


Business Indicators

Indicator Data Period
Corruption Index 14 index points 2022
Corruption Rank 177 place 2022
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