Indicators of economy in Venezuela
The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2014 was at about 12,230 USD per capita. GDP in Venezuela, on the other hand, reached USD 17,105 per capita, or 482.36 billion USD for the whole country.Inflation in Venezuela in 2020 was around 2,959.80%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 100.0 percent lower.
The index for perceived corruption in the public sector is 14, which is rather poor by global standards.
Back to overview: Venezuela
Unemployment rates in percentages 1991 - 2021
Economic performance 2014
Venezuela Total | Venezuela per capita | EU Total | EU per capita | |
---|---|---|---|---|
GDP | 482.36 bn USD | 17,105.02 USD | 17.177 tn USD | 33,384.92 USD |
Gross national product | 392.92 bn USD | 13,933.56 USD | 16.895 tn USD | 32,835.37 USD |
Development of gross domestic product in billions of USD 1960 - 2014
Imports and Exports 2016
Venezuela Total | Venezuela per capita | EU Total | EU per capita | |
---|---|---|---|---|
Imports | 18.43 bn USD | 653.62 USD | 8.916 tn USD | 17,329.02 USD |
Exports | 83.40 bn USD | 2,957.50 USD | 9.554 tn USD | 18,569.19 USD |
Development of imports and exports in billions of USD 1970 - 2016
Exports
Imports