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