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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 2014 was at about 12.259 USD per capita. GDP in Venezuela, on the other hand, reached USD 16.804 per capita, or 482.36 billion USD in the whole country.

Inflation in Venezuela was in 2020 at around 2,959.80%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 100.0% lower.
The Corruption Perceptions Index for the public sector counts 14 and is compared to other countries very bad.


Back to overview: Venezuela

Unemployment rates in percent 1991 - 2021

Economic performance 2014

 Venezuela
Total
Venezuela
per capita
EU
Total
EU
per capita
GDP482.36 bn USD16,804.05 USD17,088.62 tn USD33,228.68 USD
Gross national product392.92 bn USD13,688.39 USD16,776.12 tn USD32,621.03 USD


The largest company in Venezuela is Aviva with a market capitalization of 22,331.00 trillion Dollar. It is the only company in the country to be included in the Forbes Global 2000 list in 2021. This independent list annually publishes the 2000 largest companies worldwide, with Aviva Bank ranking 165th last year.

Development of the Gross domestic product in billion US Dollar 1960 - 2014



Im- and Exports 2016

 Venezuela
Total
Venezuela
per capita
EU
Total
EU
per capita
Imports18.43 bn USD642.12 USD8,916.24 bn USD17,337.55 USD
Exports83.40 bn USD2,905.46 USD9,554.34 bn USD18,578.33 USD


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

Exports
Imports



Venezuela: AirportsLargest airports and airlines in VenezuelaThe 25 biggest airports and 3 airlines in Venezuela with further information and data
Pariah StatesList of the 11 current Pariah States11 countries, which suffer from the sanctions of the international community because of their mostly autocratic government.
Venezuela: InflationInflation rates in VenezuelaInflation rates over the last 40 years in Venezuela incl. comparison with the U.S.