Economy in Venezuela

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Venezuela

Economy in Venezuela


The continent: America
  
Iso2:VE
  
Iso3:VEN

For country comparisons (the table on the map) colors are used:
 
 Good performance;
 
 The average;
 
 Poor performance

GDP in Venezuela


GDP, PPP

542 000 000 000 current international $[?] (2014)
(descending): 36 in the world of 194 (81,96%); 7 place in America 40 (85%)
13,10 % (2,62 % annual) ↘
min: 186 000 000 000; max: 554 000 000 000; max-min: 368 000 000 000 (66,43%); mid: 370 000 000 000;
172 000 000 000 (31,73%)

GDP

371 000 000 000 current US$[?] (2013)
(descending): 30 in the world of 199 (85,43%); 6 place in America 38 (86,84%)
6,20 % (1,24 % annual) ↗
min: 8 736 939 394; max: 394 000 000 000; max-min: 385 263 060 606 (97,78%); mid: 201 368 469 697;
169 631 530 303 (45,72%)

GDP per capita, PPP

17 665 current international $[?] (2014)
(descending): 74 in the world of 194 (62,37%); 17 place in America 40 (60%)
8,13 % (1,63 % annual) ↘
min: 9 340; max: 18 306; max-min: 8 966 (48,98%); mid: 13 823;
3 842 (21,75%)

Reserves in Venezuela


Total reserves

15 625 328 690 current US$[?] (2015)
(descending): 63 in the world of 184 (66,30%); 10 place in America 36 (75%)
89,85 % (17,97 % annual) ↗
min: 581 329 000; max: 43 065 463 229; max-min: 42 484 134 229 (98,65%); mid: 21 823 396 115;
-6 198 067 425 (-39,67%)

Total reserves

12,64 % of total external debt[?] (2015)
(descending): 104 in the world of 117 (11,97%); 22 place in America 24 (12,50%)
130,71 % (26,14 % annual) ↗
min: 12,64; max: 435,31; max-min: 422,67 (97,10%); mid: 223,97;
-211,34 (-1 673%)

Total reserves minus gold

6 324 284 490 current US$[?] (2015)
(descending): 80 in the world of 184 (57,07%); 14 place in America 36 (63,89%)
107,72 % (21,54 % annual) ↗
min: 178 510 000; max: 33 098 128 229; max-min: 32 919 618 229 (99,46%); mid: 16 638 319 115;
-10 314 034 625 (-163,09%)

Gross savings

19,02 % of GDP[?] (2013)
(descending): 150 in the world of 164 (9,15%); 30 place in America 33 (12,12%)
63,35 % (12,67 % annual) ↗
min: 14,94; max: 45,26; max-min: 30,32 (66,98%); mid: 30,10;
-11,08 (-58,28%)

GDP - composition in Venezuela


Household consumption

71,10 %[?] (2015)
(descending): 67 in the world of 198 (66,67%); 14 place in America 44 (70,45%)

Government consumption

18,80 %[?] (2015)
(descending): 71 in the world of 197 (64,47%); 12 place in America 43 (74,42%)

Investment in fixed capital

16,70 %[?] (2015)
(descending): 157 in the world of 194 (19,59%); 30 place in America 43 (32,56%)

investment in inventories

1,40 %[?] (2015)
(descending): 43 in the world of 166 (74,70%); 6 place in America 37 (86,49%)

exports of goods and services

5,60 %[?] (2015)
(descending): 193 in the world of 196 (2,04%); 43 place in America 43 (2,33%)

imports of goods and services

-13,60 %[?] (2015)
(descending): 7 in the world of 195 (96,92%); 2 place in America 43 (97,67%)

GDP - composition by sector of origin in Venezuela


agriculture

4 %[?] (2015)
(descending): 138 in the world of 219 (37,44%); 24 place in America 49 (53,06%)

industry

36,10 %[?] (2015)
(descending): 39 in the world of 221 (82,81%); 4 place in America 48 (93,75%)

services

59,90 %[?] (2015)
(descending): 125 in the world of 223 (44,39%); 34 place in America 48 (31,25%)

GDP growth in Venezuela


GDP growth rate

-3,89 annual %[?] (2014)
(descending): 188 in the world of 193 (3,11%); 37 place in America 37 (2,70%)
61,77 % (12,35 % annual) ↘
min: -8,86; max: 18,29; max-min: 27,14 (148,43%); mid: 4,72;
-8,61 (221,08%)

GDP per capita growth

-5,20 annual %[?] (2014)
(descending): 188 in the world of 193 (3,11%); 37 place in America 37 (2,70%)
42,84 % (8,57 % annual) ↘
min: -10,81; max: 16,23; max-min: 27,05 (166,62%); mid: 2,71;
-7,91 (152,08%)

Costs in Venezuela


Expense

25,07 % of GDP[?] (2005)
(2010) (ascending): 95 in the world of 151 (37,75%); 21 place in America 26 (23,08%)

Final consumption expenditure, etc.

89,89 % of GDP[?] (2014)
(2010) (ascending): 37 in the world of 182 (80,22%); 3 place in America 37 (94,59%)
35,69 % (7,14 % annual) ↘
min: 51,86; max: 89,89; max-min: 38,03 (42,31%); mid: 70,88;
19,01 (21,15%)

Foreign direct investment, net outflows

0,058 % of GDP[?] (2013)
(2010) (ascending): 99 in the world of 171 (42,69%); 22 place in America 35 (40%)
1 109 % (221,79 % annual) ↗
min: -0,081; max: 1,52; max-min: 1,60 (105,29%); mid: 0,722;
-0,663 (-1 135%)

Government expenditure on education, total

6,87 % of GDP[?] (2009)
(2010) (ascending): 161 in the world of 169 (5,33%); 33 place in America 34 (5,88%)
44,81 % (8,96 % annual) ↘
min: 2,53; max: 6,87; max-min: 4,35 (63,22%); mid: 4,70;
2,17 (31,61%)

Military expenditure

1,16 % of GDP[?] (2014)
(ascending): 33 in the world of 155 (79,35%); 8 place in America 23 (69,57%)
26,13 % (5,23 % annual) ↘
min: 0,754; max: 2,84; max-min: 2,09 (73,46%); mid: 1,80;
-0,640 (-55,40%)

Health expenditure

5,26 % of GDP[?] (2014)
(ascending): 71 in the world of 190 (63,16%); 8 place in America 35 (80%)
4,19 % (0,837 % annual) ↘
min: 3,98; max: 5,81; max-min: 1,83 (31,53%); mid: 4,90;
0,360 (6,84%)

Income in Venezuela


Tax revenue

15,51 % of GDP[?] (2005)
(2010) (descending): 7 in the world of 151 (96,03%); 1 place in America 26 (100%)

Trade

48,09 % of GDP[?] (2014)
(descending): 171 in the world of 187 (9,09%); 33 place in America 38 (15,79%)
4,06 % (0,813 % annual) ↘
min: 30,72; max: 60,13; max-min: 29,41 (48,91%); mid: 45,42;
2,67 (5,55%)

Trade in services

5,79 % of GDP[?] (2013)
(descending): 166 in the world of 179 (7,82%); 30 place in America 34 (14,71%)
29,02 % (5,80 % annual) ↘
min: 4,11; max: 11,17; max-min: 7,07 (63,23%); mid: 7,64;
-1,85 (-31,97%)

Merchandise trade

37,04 % of GDP[?] (2013)
(descending): 169 in the world of 188 (10,64%); 29 place in America 36 (22,22%)
28,18 % (5,64 % annual) ↘
min: 25,92; max: 54,80; max-min: 28,88 (52,71%); mid: 40,36;
-3,32 (-8,98%)

Foreign direct investment, net inflows

0,578 % of GDP[?] (2013)
(2010) (descending): 175 in the world of 194 (10,31%); 34 place in America 37 (10,81%)
191,48 % (38,30 % annual) ↗
min: -2,46; max: 7,22; max-min: 9,68 (134,00%); mid: 2,38;
-1,81 (-312,72%)

Natural resources rents

15,25 % of GDP[?] (2013)
(descending): 29 in the world of 177 (84,18%); 3 place in America 33 (93,94%)
33,09 % (6,62 % annual) ↘
min: 0,420; max: 27,68; max-min: 27,26 (98,48%); mid: 14,05;
1,20 (7,88%)

Public debt

36,70 % GDP[?] (2015)
(ascending): 54 in the world of 178 (70,22%); 10 place in America 40 (77,50%)