Indicators of economy in Venezuela

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2019 was at about 11.163 US Dollar per capita. The GDP in Venezuela reached 16.915 US Dollar per capita. The gross national product has been at 13.080 US Dollar per capita.

Inflation in Venezuela was in 2019 at around 254.95%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices for convenience goods are approximately 58.70% lower.
The Corruption Perceptions Index for the public sector counts 16 and is compared to other countries very bad.


Back to overview: Venezuela

Unemployment rates in percent 1991 - 2019

Unemployment rates Venezuela

Economic performance 2019

 Venezuela
Total
Venezuela
per capita
EU
Total
EU
per capita
GDP482.36 bn USD16,915.49 USD15,592.80 tn USD30,315.74 USD
Gross national product392.92 bn USD13,779.17 USD15,985.73 tn USD31,079.69 USD


The largest company in Venezuela is Halyk Bank with a market capitalization of 309.00 billion Dollar. It is the only company in the country to be included in the "Forbes Global 2000" list in 2020. This independent list annually publishes the 2000 largest companies worldwide, with Mercantil Servicios Bank ranking 1758th last year.

Development of the Gross domestic product in billion US Dollar 1979 - 2014


GDP Venezuela
Development of inflation
Corruption in Venezuela
Cost of living in a global comparison

Im- and Exports 2019

 Venezuela
Total
Venezuela
per capita
EU
Total
EU
per capita
Exports28.68 bn USD1,005.90 USD8,590.51 bn USD16,701.80 USD
Imports25.81 bn USD905.11 USD8,032.20 bn USD15,616.32 USD


Development of imports and exports in billion US dollars 1979 - 2016


Exports
Imports