Venezuela (Venezuela (Bolivarian Republic of)) General government revenue (% of GDP) Statistics

20, Nov 2019, EST.

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Country or Region: Venezuela (Venezuela (Bolivarian Republic of)) › Change country
Economic Indicator: General government revenue (% of GDP) › See all Venezuela indicators, › See General government revenue (% of GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Bolivar Fuerte
Currency Symbol: VEF

Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities. See notes for: General government revenue (National currency).

General government revenue (% of GDP) Statistics for Venezuela (Venezuela (Bolivarian Republic of)), Year 2015 - In Detail

General government revenue (% of GDP) for Venezuela in year 2015 is 22.353 %. Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government?s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.

This makes Venezuela No. 129 in world rankings according to General government revenue (% of GDP) in year 2015. The world's average General government revenue (% of GDP) value is 30.23 %; Venezuela is 7.88 less than the average.

In the previous year, 2014, General government revenue (% of GDP) for Venezuela was 26.42 % General government revenue (% of GDP) for Venezuela in 2015 was or will be 15.40% less than it was or will be in 2014.

In the following or forecasted year, 2016, General government revenue (% of GDP) for Venezuela was or will be 13.97 %, which is 37.48% less than the 2015 figure.

* Source: IMF
General government revenue (% of GDP) for Venezuela, in other Years
Year %
  2021 15.153
  2020 15.26
  2019 15.131
  2018 14.356
  2017 11.991
  2016 13.974
2015 22.353
  2014 26.422
  2013 23.511
  2012 23.53
  2011 27.881
  2010 21.215
  2009 24.584
  2008 31.418
  2007 33.134
  2006 37.662
  2005 37.625
  2004 34.385
  2003 32.347
  2002 29.507
  2001 27.305
  2000 32.743
  1999 26.847
  1998 24.301
  1997 33.565
  1996 35.669
  1995 27.004
  1994 31.029
  1993 24.745
  1992 24.279
  1991 31.615
  1990 35.77
  1989 31.618
  1988 23.964
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a