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Economy of Venezuela. Statistics, Data and Indicators

flag
Venezuela
5SD Credit rank #107
N/A Quality of life #
176 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 3012 % Mar/21
Interest Rate 58.67 % Mar/21
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 6234 USD Million | 6.234 B USD Mar/21


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 350 % 2020
Government Spending 1286 VEF Million | 1.286 USD Billion 1Q/19
Government Budget to GDP -29.9 % 2019
Military Expenditure 8.7 USD Million | 0.009 B USD 2017


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 746784 Index Points Mar/21
Food Inflation 2795 % Mar/21
Gasoline Prices 0.02 USD/Liter Apr/21
Inflation Rate YoY 3012 % Mar/21
Inflation Rate Mom 16.1 % Mar/21
Core Consumer Prices 594 Index Points Dec/13
Core Inflation Rate 60.3 % Dec/13
CPI Transportation 689003712 Index Points Mar/21


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 Feb/21
Foreign Exchange Reserves 6234 USD Million | 6.234 USD Billion Mar/21
Imports 2497 USD Million | 2.497 USD Billion 1Q/19


Money Indicators

Indicator Data Period
Gold Reserves 161 Tonnes 4Q/20
Interbank Rate 22 % Dec/16
Interest Rate 58.67 % Mar/21
Money Supply M0 620082176 VEF Million | 620082.188 USD Billion Mar/21
Money Supply M1 1069738944 VEF Million | 1069738.875 USD Billion Mar/21
Money Supply M2 1071887744 VEF Million | 1071887.75 USD Billion Mar/21
Money Supply M3 1071887744 VEF Million | 1071887.75 USD Billion Mar/21
Central Bank Balance Sheet 80875984 VEF Thousand | 80.876 B USD Jan/21
Deposit Interest Rate 36 % May/21
Foreign Direct Investment 105 USD Million | 0.105 B USD 1Q/19
Private Sector Credit  522437856 VEF Thousand | 5224.379 B USD Jan/21


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 578 BBL/D/1K Mar/21
Industrial Production -20.6 % Jan/19
Steel Production 2 Thousand Tonnes Dec/20


Business Indicators

Indicator Data Period
Corruption Index 15 index points 2020
Corruption Rank 176 place 2020
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
6.234
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
3012
%
#1 from 174 countries


Interest Rate
discount_rate_icon
58.67
%
#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