22, Jan 2021, EST.

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Country or Region: Venezuela (Venezuela (Bolivarian Republic of)) › Change country
Economic Indicator: General government total expenditure (% of GDP) › See all Venezuela indicators, › See General government total expenditure (% 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

Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. See notes for: General government total expenditure (National currency).

General government total expenditure (% of GDP) for Venezuela in year 2015 is 41.032 %. Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.

This makes Venezuela No. 49 in world rankings according to General government total expenditure (% of GDP) in year 2015. The world's average General government total expenditure (% of GDP) value is 33.88 %; Venezuela is 7.15 more than the average.

In the previous year, 2014, General government total expenditure (% of GDP) for Venezuela was 41.58 % General government total expenditure (% of GDP) for Venezuela in 2015 was or will be 1.32% less than it was or will be in 2014.

In the following or forecasted year, 2016, General government total expenditure (% of GDP) for Venezuela was or will be 38.46 %, which is 6.28% less than the 2015 figure.