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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
GDP482.36 bn USD17,105.02 USD17.177 tn USD33,384.92 USD
Gross national product392.92 bn USD13,933.56 USD16.895 tn USD32,835.37 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
Imports18.43 bn USD653.62 USD8.916 tn USD17,329.02 USD
Exports83.40 bn USD2,957.50 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 1970 - 2016

Exports
Imports



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