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World Economic and Financial Surveys

World Economic Outlook Database

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Download World Economic Outlook database: October 2024

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Country Subject Descriptor Units Scale Country/Series-specific Notes 2022 2023 2024 2025
Venezuela Gross domestic product, constant prices National currency Billions -- -- -- --
Venezuela Gross domestic product, constant prices Percent change Units 8.000 4.005 3.012 2.995
Venezuela Gross domestic product, current prices National currency Billions 643.389 2,906.295 4,971.884 8,825.602
Venezuela Gross domestic product, current prices U.S. dollars Billions 92.104 99.203 106.327 109.957
Venezuela Gross domestic product, current prices Purchasing power parity; international dollars Billions 195.658 210.817 222.356 233.175
Venezuela Gross domestic product, deflator Index Units 369,490,199,228,697.000 1,604,781,258,570,390.000 2,665,061,593,490,400.000 4,593,207,767,971,940.000
Venezuela Gross domestic product per capita, constant prices National currency Units -- -- -- --
Venezuela Gross domestic product per capita, constant prices Purchasing power parity; 2021 international dollar Units 6,785.110 7,157.077 7,395.397 7,554.757
Venezuela Gross domestic product per capita, current prices National currency Units 23,902.400 109,504.810 187,910.236 330,840.201
Venezuela Gross domestic product per capita, current prices U.S. dollars Units 3,421.754 3,737.810 4,018.595 4,121.901
Venezuela Gross domestic product per capita, current prices Purchasing power parity; international dollars Units 7,268.848 7,943.251 8,403.841 8,740.900
Venezuela Gross domestic product based on purchasing-power-parity (PPP) share of world total Percent Units 0.114 0.114 0.114 0.114
Venezuela Implied PPP conversion rate National currency per current international dollar Units 3.288 13.786 22.360 37.850
Venezuela Total investment Percent of GDP Units n/a n/a n/a n/a
Venezuela Gross national savings Percent of GDP Units n/a n/a n/a n/a
Venezuela Inflation, average consumer prices Index Units 41,825,067,385.217 182,966,931,848.496 292,033,541,604.553 501,276,438,898.673
Venezuela Inflation, average consumer prices Percent change Units 186.542 337.458 59.610 71.650
Venezuela Inflation, end of period consumer prices Index Units 82,948,824,336.696 240,535,585,125.489 384,935,032,211.953 616,293,388,626.725
Venezuela Inflation, end of period consumer prices Percent change Units 233.986 189.981 60.032 60.103
Venezuela Volume of imports of goods and services Percent change Units 10.953 5.350 8.053 6.483
Venezuela Volume of Imports of goods Percent change Units 8.245 12.188 8.448 7.702
Venezuela Volume of exports of goods and services Percent change Units 31.492 18.197 11.646 0.835
Venezuela Volume of exports of goods Percent change Units 25.409 24.765 11.016 0.611
Venezuela Unemployment rate Percent of total labor force Units n/a n/a n/a n/a
Venezuela Population Persons Millions 26.917 26.540 26.459 26.676
Venezuela General government revenue National currency Billions 53.235 314.569 n/a n/a
Venezuela General government revenue Percent of GDP Units 8.274 10.824 n/a n/a
Venezuela General government total expenditure National currency Billions 97.222 437.177 n/a n/a
Venezuela General government total expenditure Percent of GDP Units 15.111 15.042 n/a n/a
Venezuela General government net lending/borrowing National currency Billions -43.987 -122.608 n/a n/a
Venezuela General government net lending/borrowing Percent of GDP Units -6.837 -4.219 n/a n/a
Venezuela General government primary net lending/borrowing National currency Billions -37.645 -95.370 n/a n/a
Venezuela General government primary net lending/borrowing Percent of GDP Units -5.851 -3.281 n/a n/a
Venezuela General government gross debt National currency Billions 1,033.707 4,250.801 n/a n/a
Venezuela General government gross debt Percent of GDP Units 160.666 146.262 n/a n/a
Venezuela Gross domestic product corresponding to fiscal year, current prices National currency Billions 643.389 2,906.295 4,971.884 8,825.602
Venezuela Current account balance U.S. dollars Billions 3.308 3.067 4.344 3.682
Venezuela Current account balance Percent of GDP Units 3.592 3.091 4.085 3.348
Country Subject Descriptor Units Scale Country/Series-specific Notes 2022 2023 2024 2025 Estimates Start After
Venezuela Gross domestic product, constant prices National currency Billions Source: Central Bank Latest actual data: 2018. Latest year for real accounts is 2018. Starting 2012, staff elaborates its own nominal GDP accounts estimates. Notes: Due to the prevalence of multiple exchange rates and a parallel market, for 2012-2023, staff has computed a generalized unitary exchange rate weighted by the value of imports and exports as well as by the different windows used to acquire foreign exchange. Starting in 2012, staff estimates the nominal GDP in local currency using real GDP levels published by the country and deflators calculated by staff. Nominal GDP in U.S. dollars is calculated dividing the local currency GDP by the generalized unitary exchange rate. National accounts manual used: System of National Accounts (SNA) 1993 GDP valuation: Market prices Reporting in calendar year: Yes Start/end months of reporting year: January/December Base year: 1997 Chain-weighted: No Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 -- -- -- -- 2018
Venezuela Gross domestic product, constant prices Percent change Units See notes for: Gross domestic product, constant prices (National currency). 8.000 4.005 3.012 2.995 2018
Venezuela Gross domestic product, current prices National currency Billions Source: Central Bank Latest actual data: 2018. Latest year for real accounts is 2018. Starting 2012, staff elaborates its own nominal GDP accounts estimates. Notes: Due to the prevalence of multiple exchange rates and a parallel market, for 2012-2023, staff has computed a generalized unitary exchange rate weighted by the value of imports and exports as well as by the different windows used to acquire foreign exchange. Starting in 2012, staff estimates the nominal GDP in local currency using real GDP levels published by the country and deflators calculated by staff. Nominal GDP in U.S. dollars is calculated dividing the local currency GDP by the generalized unitary exchange rate. National accounts manual used: System of National Accounts (SNA) 1993 GDP valuation: Market prices Reporting in calendar year: Yes Start/end months of reporting year: January/December Base year: 1997 Chain-weighted: No Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 643.389 2,906.295 4,971.884 8,825.602 2018
Venezuela Gross domestic product, current prices U.S. dollars Billions See notes for: Gross domestic product, current prices (National currency). 92.104 99.203 106.327 109.957 2018
Venezuela Gross domestic product, current prices Purchasing power parity; international dollars Billions See notes for: Gross domestic product, current prices (National currency). 195.658 210.817 222.356 233.175 2018
Venezuela Gross domestic product, deflator Index Units See notes for: Gross domestic product, constant prices (National currency) Gross domestic product, current prices (National currency). 369,490,199,228,697.000 1,604,781,258,570,390.000 2,665,061,593,490,400.000 4,593,207,767,971,940.000 2018
Venezuela Gross domestic product per capita, constant prices National currency Units See notes for: Gross domestic product, constant prices (National currency) Population (Persons). -- -- -- -- 2010
Venezuela Gross domestic product per capita, constant prices Purchasing power parity; 2021 international dollar Units See notes for: Gross domestic product, constant prices (National currency) Population (Persons). 6,785.110 7,157.077 7,395.397 7,554.757 2010
Venezuela Gross domestic product per capita, current prices National currency Units See notes for: Gross domestic product, current prices (National currency) Population (Persons). 23,902.400 109,504.810 187,910.236 330,840.201 2010
Venezuela Gross domestic product per capita, current prices U.S. dollars Units See notes for: Gross domestic product, current prices (National currency) Population (Persons). 3,421.754 3,737.810 4,018.595 4,121.901 2010
Venezuela Gross domestic product per capita, current prices Purchasing power parity; international dollars Units See notes for: Gross domestic product, current prices (National currency) Population (Persons). 7,268.848 7,943.251 8,403.841 8,740.900 2010
Venezuela Gross domestic product based on purchasing-power-parity (PPP) share of world total Percent Units See notes for: Gross domestic product, current prices (National currency). 0.114 0.114 0.114 0.114 2018
Venezuela Implied PPP conversion rate National currency per current international dollar Units See notes for: Gross domestic product, current prices (National currency). 3.288 13.786 22.360 37.850 2018
Venezuela Total investment Percent of GDP Units Source: Central Bank Latest actual data: 2018. Latest year for real accounts is 2018. Starting 2012, staff elaborates its own nominal GDP accounts estimates. Notes: Due to the prevalence of multiple exchange rates and a parallel market, for 2012-2023, staff has computed a generalized unitary exchange rate weighted by the value of imports and exports as well as by the different windows used to acquire foreign exchange. Starting in 2012, staff estimates the nominal GDP in local currency using real GDP levels published by the country and deflators calculated by staff. Nominal GDP in U.S. dollars is calculated dividing the local currency GDP by the generalized unitary exchange rate. National accounts manual used: System of National Accounts (SNA) 1993 GDP valuation: Market prices Reporting in calendar year: Yes Start/end months of reporting year: January/December Base year: 1997 Chain-weighted: No Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 n/a n/a n/a n/a 2018
Venezuela Gross national savings Percent of GDP Units Source: Central Bank Latest actual data: 2018. Latest year for real accounts is 2018. Starting 2012, staff elaborates its own nominal GDP accounts estimates. Notes: Due to the prevalence of multiple exchange rates and a parallel market, for 2012-2023, staff has computed a generalized unitary exchange rate weighted by the value of imports and exports as well as by the different windows used to acquire foreign exchange. Starting in 2012, staff estimates the nominal GDP in local currency using real GDP levels published by the country and deflators calculated by staff. Nominal GDP in U.S. dollars is calculated dividing the local currency GDP by the generalized unitary exchange rate. National accounts manual used: System of National Accounts (SNA) 1993 GDP valuation: Market prices Reporting in calendar year: Yes Start/end months of reporting year: January/December Base year: 1997 Chain-weighted: No Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 n/a n/a n/a n/a 2018
Venezuela Inflation, average consumer prices Index Units Source: Central Bank Latest actual data: 2023 Harmonized prices: No Base year: 2017. 2017M1 = 100 Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 41,825,067,385.217 182,966,931,848.496 292,033,541,604.553 501,276,438,898.673 2023
Venezuela Inflation, average consumer prices Percent change Units See notes for: Inflation, average consumer prices (Index). 186.542 337.458 59.610 71.650 2023
Venezuela Inflation, end of period consumer prices Index Units Source: Central Bank Latest actual data: 2023 Harmonized prices: No Base year: 2017. 2017M1 = 100 Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 82,948,824,336.696 240,535,585,125.489 384,935,032,211.953 616,293,388,626.725 2023
Venezuela Inflation, end of period consumer prices Percent change Units See notes for: Inflation, end of period consumer prices (Index). 233.986 189.981 60.032 60.103 2023
Venezuela Volume of imports of goods and services Percent change Units Source: Central Bank Latest actual data: 2017 Base year: 1997 Methodology used to derive volumes: Deflation by survey-based price indexes Chain-weighted: No Trade System: Other Oil coverage: Primary or unrefined products; Valuation of exports: Other Valuation of imports: Other Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 10.953 5.350 8.053 6.483 2017
Venezuela Volume of Imports of goods Percent change Units Source: Central Bank Latest actual data: 2017 Base year: 1997 Methodology used to derive volumes: Deflation by survey-based price indexes Chain-weighted: No Trade System: Other Oil coverage: Primary or unrefined products; Valuation of exports: Other Valuation of imports: Other Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 8.245 12.188 8.448 7.702 2017
Venezuela Volume of exports of goods and services Percent change Units Source: Central Bank Latest actual data: 2017 Base year: 1997 Methodology used to derive volumes: Deflation by survey-based price indexes Chain-weighted: No Trade System: Other Oil coverage: Primary or unrefined products; Valuation of exports: Other Valuation of imports: Other Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 31.492 18.197 11.646 0.835 2017
Venezuela Volume of exports of goods Percent change Units Source: Central Bank Latest actual data: 2017 Base year: 1997 Methodology used to derive volumes: Deflation by survey-based price indexes Chain-weighted: No Trade System: Other Oil coverage: Primary or unrefined products; Valuation of exports: Other Valuation of imports: Other Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 25.409 24.765 11.016 0.611 2017
Venezuela Unemployment rate Percent of total labor force Units Source: National Statistics Office Latest actual data: 2011 Employment type: National definition Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 n/a n/a n/a n/a 2011
Venezuela Population Persons Millions Source: Ministry of Economy and/or Planning Latest actual data: 2010 Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 26.917 26.540 26.459 26.676 2010
Venezuela General government revenue National currency Billions Source: Ministry of Finance or Treasury Latest actual data: 2017 Reporting in calendar year: Yes Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Cash General government includes: Nonfinancial Public Corporation; Other;. Fiscal accounts correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de los Seguros Sociales (IVSS—social security), and Fondo de Garantía de Depósitos y Protección Bancaria (FOGADE—deposit insurance). Valuation of public debt: Nominal value Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 53.235 314.569 n/a n/a 2017
Venezuela General government revenue Percent of GDP Units See notes for: General government revenue (National currency). 8.274 10.824 n/a n/a 2017
Venezuela General government total expenditure National currency Billions Source: Ministry of Finance or Treasury Latest actual data: 2017 Reporting in calendar year: Yes Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Cash General government includes: Nonfinancial Public Corporation; Other;. Fiscal accounts correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de los Seguros Sociales (IVSS—social security), and Fondo de Garantía de Depósitos y Protección Bancaria (FOGADE—deposit insurance). Valuation of public debt: Nominal value Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 97.222 437.177 n/a n/a 2017
Venezuela General government total expenditure Percent of GDP Units See notes for: General government total expenditure (National currency). 15.111 15.042 n/a n/a 2017
Venezuela General government net lending/borrowing National currency Billions Source: Ministry of Finance or Treasury Latest actual data: 2017 Reporting in calendar year: Yes Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Cash General government includes: Nonfinancial Public Corporation; Other;. Fiscal accounts correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de los Seguros Sociales (IVSS—social security), and Fondo de Garantía de Depósitos y Protección Bancaria (FOGADE—deposit insurance). Valuation of public debt: Nominal value Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 -43.987 -122.608 n/a n/a 2017
Venezuela General government net lending/borrowing Percent of GDP Units See notes for: General government net lending/borrowing (National currency). -6.837 -4.219 n/a n/a 2017
Venezuela General government primary net lending/borrowing National currency Billions Source: Ministry of Finance or Treasury Latest actual data: 2017 Reporting in calendar year: Yes Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Cash General government includes: Nonfinancial Public Corporation; Other;. Fiscal accounts correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de los Seguros Sociales (IVSS—social security), and Fondo de Garantía de Depósitos y Protección Bancaria (FOGADE—deposit insurance). Valuation of public debt: Nominal value Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 -37.645 -95.370 n/a n/a 2017
Venezuela General government primary net lending/borrowing Percent of GDP Units See notes for: General government primary net lending/borrowing (National currency). -5.851 -3.281 n/a n/a 2017
Venezuela General government gross debt National currency Billions Source: Ministry of Finance or Treasury Latest actual data: 2017 Reporting in calendar year: Yes Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Cash General government includes: Nonfinancial Public Corporation; Other;. Fiscal accounts correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de los Seguros Sociales (IVSS—social security), and Fondo de Garantía de Depósitos y Protección Bancaria (FOGADE—deposit insurance). Valuation of public debt: Nominal value Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 1,033.707 4,250.801 n/a n/a 2017
Venezuela General government gross debt Percent of GDP Units See notes for: General government gross debt (National currency). 160.666 146.262 n/a n/a 2017
Venezuela Gross domestic product corresponding to fiscal year, current prices National currency Billions Source: Ministry of Finance or Treasury Latest actual data: 2017 Reporting in calendar year: Yes Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Cash General government includes: Nonfinancial Public Corporation; Other;. Fiscal accounts correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de los Seguros Sociales (IVSS—social security), and Fondo de Garantía de Depósitos y Protección Bancaria (FOGADE—deposit insurance). Valuation of public debt: Nominal value Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 643.389 2,906.295 4,971.884 8,825.602 2017
Venezuela Current account balance U.S. dollars Billions Source: Central Bank. http://www.bcv.org.ve/c2/indicadores.asp Latest actual data: 2018 BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6) Primary domestic currency: Venezuelan bolívar Data last updated: 09/2024 3.308 3.067 4.344 3.682 2018
Venezuela Current account balance Percent of GDP Units See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars). 3.592 3.091 4.085 3.348 2018
International Monetary Fund, World Economic Outlook Database October 2024
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