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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 1813 % Sep/20
Interest Rate 38.15 % Nov/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 6386 USD Million | 6.386 B USD Dec/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 | 1.286 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) 79061688320 Index Points Aug/20
Food Inflation 1692 % Sep/20
Gasoline Prices 0.02 USD/Liter Dec/20
Inflation Rate YoY 1813 % Sep/20
Inflation Rate Mom 27.9 % Sep/20
Core Consumer Prices 594 Index Points Dec/13
Core Inflation Rate 60.3 % Dec/13
CPI Transportation 79988088832 Index Points Sep/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 Nov/20
Foreign Exchange Reserves 6386 USD Million | 6.386 USD Billion Dec/20
Imports 2497 USD Million | 2.497 USD Billion 1Q/19


Money Indicators

Indicator Data Period
Gold Reserves 161 Tonnes 3Q/20
Interbank Rate 22 % Dec/16
Interest Rate 38.15 % Nov/20
Money Supply M0 307554048 VEF Million | 307554.031 USD Billion Nov/20
Money Supply M1 426035008 VEF Million | 426035.031 USD Billion Nov/20
Money Supply M2 426903808 VEF Million | 426903.812 USD Billion Nov/20
Money Supply M3 426903808 VEF Million | 426903.812 USD Billion Nov/20
Central Bank Balance Sheet 19285268 VEF Thousand | 19.285 B USD Sep/20
Deposit Interest Rate 24 % Jan/21
Foreign Direct Investment 105 USD Million | 0.105 B USD 1Q/19
Private Sector Credit  59180416 VEF Thousand | 591.804 B USD Aug/20


Labor Indicators

Indicator Data Period
Minimum Wages 400000 VEF/Month | 400000 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 441 BBL/D/1K Dec/20
Industrial Production -20.6 % Jan/19
Steel Production 2 Thousand Tonnes Nov/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 | 3.819 B USD 1Q/19


Gold Reserves
gold_reserve_icon
161
Tonnes
#26 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
6.386
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
1813
%
#1 from 174 countries


Interest Rate
discount_rate_icon
38.15
%
#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