Venezuela (Venezuela (Bolivarian Republic of)) Economic Statistics and Indicators

21, Sep 2018, EDT. Welcome to the Venezuela economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Venezuela (Venezuela (Bolivarian Republic of)) › Change country
National or Regional Currency: Bolivar Fuerte, VEF
Year of data: 2015 › Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 28,868,486 (July 2014 est.)
Area: total: 912,050 sq km ; land: 882,050 sq km ; water: 30,000 sq km
Natural Resources: petroleum, natural gas, iron ore, gold, bauxite, other minerals, hydropower, diamonds
Capital: name: Caracas ; geographic coordinates: 10 29 N, 66 52 W ; time difference: UTC-4.5 (a half hour ahead of Washington, DC, during Standard Time)

Venezuela remains highly dependent on oil revenues, which account for roughly 96% of export earnings, about 45% of budget revenues, and around 12% of GDP. Fueled by high oil prices, pre-election government spending helped spur GDP growth in 2012 to 5.6%. Government spending, minimum wage hikes, and improved access to domestic credit created an increase in consumption which combined with supply problems to cause higher inflation - roughly 20% in 2012 and rising to more than 56% in 2013. Former President Hugo CHAVEZ's efforts to increase the government's control of the economy by nationalizing firms in the agribusiness, financial, construction, oil, and steel sectors hurt the private investment environment, reduced productive capacity, and slowed non-petroleum exports. In 2013, Venezuela continued to wrestle with housing and electricity crises, and rolling food and goods shortages, resulting from the government's unorthodox economic policies. The budget deficit for the public sector reached 17% of GDP in 2012 and was trimmed to under 10% of GDP in 2013. The Venezuelan government has maintained a regime of strict currency exchange controls since 2003. Venezuelan law now sanctions a three-tiered exchange rate system, with rates based on the government's import priorities.
More on the Venezuela Economy
More on the Venezuela Export, Import and Trade

Economic Indicator Listing
  For Venezuela in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) -5.7 %
GDP (Current Prices, National Currency)VEF 5,660.88 Billion.
GDP (Current Prices, US Dollars)US$ 239.572 Billion
GDP Deflator 10,036.84 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)VEF 1,823.30 .
GDP Per Capita (Current Prices, National Currency)VEF 183,001.74 .
GDP Per Capita (Current Prices, US Dollars)US$ 7,744.75
GDP (PPP), US DollarsUS$ 515.745 Billion
GDP Per Capita (PPP), US DollarsUS$ 16,672.72
GDP Share of World Total (PPP) 0.454 %
Implied PPP Conversion Rate 10.976
Investment (% of GDP) 14.244 %
Gross National Savings (% of GDP) 12.224 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 1,460.53 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 121.738 %
Inflation, End of Year (Indexed to Year 2000) 2,357.90 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 180.87 %
Import Volume of All Items Including Goods and Services (Percent Change) -22.18 %
Import Volumes of Goods Only (Percent Change) -22.711 %
Export Volume of All Items Including Goods and Services (Percent Change) -11.773 %
Export Volumes of Goods Only (Percent Change) -8.522 %
Unemployment Rate (% of Labour Force) 7.387 %
Population 30.933 Million
General government revenue (National Currency)VEF 1,265.35 Billions.
General government revenue (% of GDP) 22.353 %
General government total expenditure (National Currency)VEF 2,322.75 Billions.
General government total expenditure (% of GDP) 41.032 %
Total Government Net Lending/ Borrowing (National Currency)VEF -1,057.40 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -18.679 %
Fiscal Year Gross Domestic Product, Current PricesVEF 5,660.88 Billions.
Current Account Balance (US Dollars)US$ -18.15 Billion
Current Account Balance (% GDP) -7.576 %
Economic Indicators for Venezuela 2015

GDP (Constant Prices, National Currency) for Venezuela in year 2015 is VEF 56.401 Billion.

GDP Growth (Constant Prices, National Currency) for Venezuela in year 2015 is -5.7 %.

GDP (Current Prices, National Currency) for Venezuela in year 2015 is VEF 5,660.88 Billion.

GDP (Current Prices, US Dollars) for Venezuela in year 2015 is US$ 239.572 Billion.

GDP Deflator for Venezuela in year 2015 is 10,036.84 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Venezuela in year 2015 is VEF 1,823.30 .

GDP Per Capita (Current Prices, National Currency) for Venezuela in year 2015 is VEF 183,001.74 .

GDP Per Capita (Current Prices, US Dollars) for Venezuela in year 2015 is US$ 7,744.75 .

GDP (PPP), US Dollars for Venezuela in year 2015 is US$ 515.745 Billion.

GDP Per Capita (PPP), US Dollars for Venezuela in year 2015 is US$ 16,672.72 .

GDP Share of World Total (PPP) for Venezuela in year 2015 is 0.454 %.

Implied PPP Conversion Rate for Venezuela in year 2015 is 10.976 .

Investment (% of GDP) for Venezuela in year 2015 is 14.244 %.

Gross National Savings (% of GDP) for Venezuela in year 2015 is 12.224 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Venezuela in year 2015 is 1,460.53 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Venezuela in year 2015 is 121.738 %.

Inflation, End of Year (Indexed to Year 2000) for Venezuela in year 2015 is 2,357.90 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Venezuela in year 2015 is 180.87 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Venezuela in year 2015 is -22.18 %.

Import Volumes of Goods Only (Percent Change) for Venezuela in year 2015 is -22.711 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Venezuela in year 2015 is -11.773 %.

Export Volumes of Goods Only (Percent Change) for Venezuela in year 2015 is -8.522 %.

Unemployment Rate (% of Labour Force) for Venezuela in year 2015 is 7.387 %.

Population for Venezuela in year 2015 is 30.933 Million .

General government revenue (National Currency) for Venezuela in year 2015 is VEF 1,265.35 Billions.

General government revenue (% of GDP) for Venezuela in year 2015 is 22.353 %.

General government total expenditure (National Currency) for Venezuela in year 2015 is VEF 2,322.75 Billions.

General government total expenditure (% of GDP) for Venezuela in year 2015 is 41.032 %.

Total Government Net Lending/ Borrowing (National Currency) for Venezuela in year 2015 is VEF -1,057.40 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Venezuela in year 2015 is -18.679 %.

Fiscal Year Gross Domestic Product, Current Prices for Venezuela in year 2015 is VEF 5,660.88 Billions.

Current Account Balance (US Dollars) for Venezuela in year 2015 is US$ -18.15 Billion.

Current Account Balance (% GDP) for Venezuela in year 2015 is -7.576 %.

* Source: IMF
Aggregate Indicators for Venezuela
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Venezuela
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Venezuela
  Natural Resources, Agricultural Products, Land Use and Water Use for Venezuela
  Nationality, Ethnic Groups, Languages and Religions for Venezuela
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Venezuela
  Age Structure, Median Age, Gender and Urbanization for Venezuela
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Venezuela
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Venezuela
  HIV, AIDS and Other Major Infectious Disease Rates for Venezuela
  Literacy Rate, Educational Expenditure and School Life Expectancy for Venezuela
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Venezuela
  Industries and Industrial Growth Production Rate for Venezuela
  Labor Force by Occupation for Venezuela
  Poverty Line, Gini Index, Household Income and Consumption for Venezuela
  National Budget and Public Debt for Venezuela
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Venezuela
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Venezuela
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Venezuela
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Venezuela
  Foreign Exchange Reserves and Gold Reserves for Venezuela
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Venezuela
  Exchange Rate Statistics for Venezuela
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Venezuela
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Venezuela
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Venezuela
  Television and Radio Statistics (TV Stats, Radio Stats) for Venezuela
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Venezuela
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Venezuela
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Venezuela
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Venezuela
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Venezuela
* Source: CIA
Internet Indicators for Venezuela
Indicators
  Number of Internet Users for Venezuela
  Internet Penetration Rate for Venezuela
  Number of Facebook Accounts for Venezuela
  Facebook Penetration Rate for Venezuela
* Source: IWS
Economic Freedom Indicators for Venezuela
Indicators
  Economic Freedom World Rank for Venezuela
  Government Spending for Venezuela
  Monetary Freedom for Venezuela
  Investment Freedom for Venezuela
  Financial Freedom for Venezuela
  Property Rights for Venezuela
  Economic Freedom Regional Ranking for Venezuela
  Freedom from Corruption for Venezuela
  Labor Freedom for Venezuela
  Tariff Rate for Venezuela
  Income Tax Rate for Venezuela
  Corporate Tax Rate for Venezuela
  Tax Burden % of GDP for Venezuela
  Government Expenditure % of GDP for Venezuela
  Business Freedom for Venezuela
  Trade Freedom for Venezuela
  Fiscal Freedom for Venezuela
  2016 Score for Venezuela
* Source: HFO
Venezuela Economic Indicators in other Years
  Venezuela Economic Indicators for Year 2021 (Forecast)
  Venezuela Economic Indicators for Year 2020 (Forecast)
  Venezuela Economic Indicators for Year 2019 (Forecast)
  Venezuela Economic Indicators for Year 2018 (Forecast)
  Venezuela Economic Indicators for Year 2017 (Forecast)
  Venezuela Economic Indicators for Year 2016 (Forecast)
Venezuela Economic Indicators for Year 2015 (Current)
  Venezuela Economic Indicators for Year 2014
  Venezuela Economic Indicators for Year 2013
  Venezuela Economic Indicators for Year 2012
  Venezuela Economic Indicators for Year 2011
  Venezuela Economic Indicators for Year 2010
  Venezuela Economic Indicators for Year 2009
  Venezuela Economic Indicators for Year 2008
  Venezuela Economic Indicators for Year 2007
  Venezuela Economic Indicators for Year 2006
  Venezuela Economic Indicators for Year 2005
  Venezuela Economic Indicators for Year 2004
  Venezuela Economic Indicators for Year 2003
  Venezuela Economic Indicators for Year 2002
  Venezuela Economic Indicators for Year 2001
  Venezuela Economic Indicators for Year 2000
  Venezuela Economic Indicators for Year 1999
  Venezuela Economic Indicators for Year 1998
  Venezuela Economic Indicators for Year 1997
  Venezuela Economic Indicators for Year 1996
  Venezuela Economic Indicators for Year 1995
  Venezuela Economic Indicators for Year 1994
  Venezuela Economic Indicators for Year 1993
  Venezuela Economic Indicators for Year 1992
  Venezuela Economic Indicators for Year 1991
  Venezuela Economic Indicators for Year 1990
  Venezuela Economic Indicators for Year 1989
  Venezuela Economic Indicators for Year 1988
  Venezuela Economic Indicators for Year 1987
  Venezuela Economic Indicators for Year 1986
  Venezuela Economic Indicators for Year 1985
  Venezuela Economic Indicators for Year 1984
  Venezuela Economic Indicators for Year 1983
  Venezuela Economic Indicators for Year 1982
  Venezuela Economic Indicators for Year 1981
  Venezuela Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International