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 2018 was at about 11.040 US Dollar per capita. The GDP in Venezuela reached 16.708 US Dollar per capita. The gross national product has been at 13.080 US Dollar per capita.

Inflation in Venezuela was in 2018 at around 254.95%. For the the EU, the average of the same was year at 1.81%.

Compared to Germany, the prices for convenience goods are approximately 59.20% lower.
The Corruption Perceptions Index for the public sector counts 18 and is compared to other countries very bad.


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Unemployment rates in percent 1991 - 2018

Unemployment rates Venezuela

Economic performance 2018

 Venezuela
Total		Venezuela
per capita		EU
Total		EU
per capita
GDP482.36 bn USD16,707.86 USD18,756.10 tn USD36,546.40 USD
Gross national product392.92 bn USD13,610.04 USD18,120.88 tn USD35,308.67 USD


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 2018

 Venezuela
Total		Venezuela
per capita		EU
Total		EU
per capita
Exports28.68 bn USD993.55 USD7,958.81 bn USD15,507.80 USD
Imports25.81 bn USD894.00 USD7,303.55 bn USD14,231.03 USD


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


Exports
Imports