World Economic Outlook Database, April 2017

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       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorSubject NotesUnitsScaleCountry/Series-specific Notes20102011201220132014201520162017
VenezuelaGross domestic product, constant pricesExpressed in billions of national currency units; the base year is country-specific. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993]National currencyBillionsSource: Central Bank
Latest actual data: 2015
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 1997. This is not na index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/201755.80858.13861.40962.23459.81056.08945.99342.590
VenezuelaGross domestic product, constant pricesAnnual percentages of constant price GDP are year-on-year changes; the base year is country-specific . Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993]Percent change See notes for: 
Gross domestic product, constant prices (National currency).-1.4894.1765.6261.343-3.894-6.221-18.000-7.400
VenezuelaGross domestic product, current pricesExpressed in billions of national currency units . Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993]National currencyBillionsSource: Central Bank
Latest actual data: 2015
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 1997. This is not na index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/20171,016.8351,357.4881,635.4502,245.8443,031.2426,025.33028,204.166256,608.590
VenezuelaGross domestic product, current pricesValues are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). Exchange rate projections are provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993]U.S. dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).294.282334.069331.457228.017215.296260.089287.274251.589
VenezuelaGross domestic product, deflatorThe GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Data are expressed in the base year of each country's national accounts.Index See notes for: 
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).1,822.0402,334.9302,663.2053,608.7165,068.09710,742.39961,322.502602,513.529
VenezuelaGross domestic product per capita, constant pricesGDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.National currencyUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).1,956.4822,008.6422,091.2022,089.3491,980.0591,831.7601,482.2821,355.014
VenezuelaGross domestic product per capita, current pricesGDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.National currencyUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).35,647.88846,900.38455,692.99875,398.649100,351.294196,774.993908,972.1368,164,145.298
VenezuelaGross domestic product per capita, current pricesGDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.U.S. dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).10,316.83211,541.87611,287.3037,655.1117,127.5068,493.9729,258.3388,004.450
VenezuelaGross domestic product based on purchasing-power-parity (PPP) valuation of country GDPThese data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. 

The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables.
 
For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23.Current international dollarBillionsSee notes for: 
Gross domestic product, current prices (National currency).470.555500.326538.210554.247542.199513.937426.971404.109
VenezuelaGross domestic product based on purchasing-power-parity (PPP) per capita GDPExpressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. 

The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables.

For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23.Current international dollarUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).16,496.56017,285.97218,327.98718,607.45917,949.87116,784.13713,760.55812,856.956
VenezuelaGross domestic product based on purchasing-power-parity (PPP) share of world totalExpressed in percent of world GDP in PPP dollars. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. 

The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables.

For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23.Percent See notes for: 
Gross domestic product, current prices (National currency).0.5270.5280.5400.5300.4930.4470.3560.319
VenezuelaImplied PPP conversion rateExpressed in national currency per current international dollar. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy. 

The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables.

For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23.National currency per current international dollar See notes for: 
Gross domestic product, current prices (National currency).2.1612.7133.0394.0525.59111.72466.056634.998
VenezuelaTotal investmentExpressed as a ratio of total investment in current local currency and GDP in current local currency. Investment or gross capital formation is measured by the total value of the gross fixed capital formation and changes in inventories and acquisitions less disposals of valuables for a unit or sector. [SNA 1993]Percent of GDP Source: Central Bank
Latest actual data: 2015
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 1997. This is not na index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/201721.97223.07226.59727.26924.81042.1369.0238.816
VenezuelaGross national savingsExpressed as a ratio of gross national savings in current local currency and GDP in current local currency. Gross national saving is gross disposable income less final consumption expenditure after taking account of an adjustment for pension funds. [SNA 1993] For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.Percent of GDP Source: Central Bank
Latest actual data: 2015
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 1997. This is not na index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/201731.59130.63925.63519.0289.13631.7876.6065.565
VenezuelaInflation, average consumer pricesExpressed in averages for the year, not end-of-period data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers’ incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF.]Index Source: Central Bank
Latest actual data: 2016
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2007. December 2007=100
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017189.183238.542288.800406.167658.6751,460.5335,184.14242,533.379
VenezuelaInflation, average consumer pricesAnnual percentages of average consumer prices are year-on-year changes.Percent change See notes for: 
Inflation, average consumer prices (Index).28.18726.09021.06940.63962.169121.738254.949720.452
VenezuelaInflation, end of period consumer pricesExpressed in end of the period, not annual average data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers’ incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF.Index Source: Central Bank
Latest actual data: 2016
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2007. December 2007=100
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017208.200265.600318.900498.100839.5002,357.9008,826.900108,907.717
VenezuelaInflation, end of period consumer prices Annual percentages of end of period consumer prices are year-on-year changes.Percent change See notes for: 
Inflation, end of period consumer prices (Index).27.18427.57020.06856.19368.540180.870274.3541,133.816
VenezuelaVolume of imports of goods and servicesPercent change of volume of imports refers to the aggregate change in the quantities of total imports whose characteristics are unchanged. The goods and services and their prices are held constant, therefore changes are due to changes in quantities only. [Export and Import Price Index Manual: Theory and Practice, Glossary]Percent change Source: Central Bank
Latest actual data: 2015
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 fuerte
Data last updated: 03/2017-2.89115.39324.396-9.687-18.532-23.102-41.82228.395
VenezuelaVolume of Imports of goodsPercent change of volume of imports of goods refers to the aggregate change in the quantities of imports of goods whose characteristics are unchanged. The goods and their prices are held constant, therefore changes are due to changes in quantities only. [Export and Import Price Index Manual: Theory and Practice, Glossary]Percent change Source: Central Bank
Latest actual data: 2015
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 fuerte
Data last updated: 03/2017-6.10113.80324.948-9.687-18.532-23.102-39.73029.697
VenezuelaVolume of exports of goods and servicesPercent change of volume of exports refers to the aggregate change in the quantities of total exports whose characteristics are unchanged. The goods and services and their prices are held constant, therefore changes are due to changes in quantities only. [Export and Import Price Index Manual: Theory and Practice, Glossary]Percent change Source: Central Bank
Latest actual data: 2015
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 fuerte
Data last updated: 03/2017-12.8774.6651.594-6.170-4.658-0.863-9.660-14.400
VenezuelaVolume of exports of goodsPercent change of volume of exports of goods refers to the aggregate change in the quantities of exports of goods whose characteristics are unchanged. The goods and their prices are held constant, therefore changes are due to changes in quantities only. [Export and Import Price Index Manual: Theory and Practice, Glossary]Percent change Source: Central Bank
Latest actual data: 2015
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 fuerte
Data last updated: 03/2017-12.8914.5970.658-6.170-4.658-0.863-10.199-11.411
VenezuelaUnemployment rateUnemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). [OECD Main Economic Indicators, OECD, monthly] As defined by the International Labour Organization, unemployed workers are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work. [ILO, http://www.ilo.org/public/english/bureau/stat/res/index.htm]Percent of total labor force Source: National Statistics Office
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/20178.5088.2047.8237.4706.7007.40021.23325.349
VenezuelaPopulationFor census purposes, the total population of the country consists of all persons falling within the scope of the census. In the broadest sense, the total may comprise either all usual residents of the country or all persons present in the country at the time of the census. [Principles and Recommendations for Population and Housing Censuses, Revision 1, paragraph 2.42]PersonsMillionsSource: Ministry of Economy and/or Planning
Latest actual data: 2010
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/201728.52428.94429.36529.78630.20630.62031.02931.431
VenezuelaGeneral government revenueRevenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government’s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.National currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017215.720378.474410.220585.635918.6641,522.4774,154.21837,209.419
VenezuelaGeneral government revenueRevenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government’s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.Percent of GDP See notes for: 
General government revenue (National currency).21.21527.88025.08326.07630.30719.19614.72914.500
VenezuelaGeneral government total expenditureTotal expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.National currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017321.105535.833666.020907.7241,429.2832,916.9328,264.06973,623.169
VenezuelaGeneral government total expenditureTotal expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.Percent of GDP See notes for: 
General government total expenditure (National currency).31.57939.47240.72440.41847.15236.77829.30128.691
VenezuelaGeneral government net lending/borrowingNet lending (+)/ borrowing (–) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (–) is also equal to net acquisition of financial assets minus net incurrence of liabilities.National currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017-105.385-157.359-255.800-322.089-510.619-1,394.455-4,109.850-36,413.749
VenezuelaGeneral government net lending/borrowingNet lending (+)/ borrowing (–) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (–) is also equal to net acquisition of financial assets minus net incurrence of liabilities.Percent of GDP See notes for: 
General government net lending/borrowing (National currency).-10.364-11.592-15.641-14.342-16.845-17.582-14.572-14.190
VenezuelaGeneral government primary net lending/borrowingPrimary net lending/borrowing is net lending (+)/borrowing (–) plus net interest payable/paid (interest expense minus interest revenue).National currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017-87.742-127.713-202.436-244.091-393.688-1,262.955-3,844.841-35,567.989
VenezuelaGeneral government primary net lending/borrowingPrimary net lending/borrowing is net lending (+)/borrowing (–) plus net interest payable/paid (interest expense minus interest revenue).Percent of GDP See notes for: 
General government primary net lending/borrowing (National currency).-8.629-9.408-12.378-10.869-12.988-15.924-13.632-13.861
VenezuelaGeneral government gross debtGross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).National currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017370.744686.487950.0631,655.2411,924.5152,544.1847,957.54244,381.489
VenezuelaGeneral government gross debtGross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).Percent of GDP See notes for: 
General government gross debt (National currency).36.46150.57058.09273.70263.48932.07828.21417.295
VenezuelaGross domestic product corresponding to fiscal year, current pricesGross domestic product corresponding to fiscal year is the country’s GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country’s GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices.National currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/20171,016.8351,357.4881,635.4502,245.8443,031.2427,931.27028,204.166256,608.590
VenezuelaCurrent account balanceCurrent account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.U.S. dollarsBillionsSource: Central Bank. http://www.bcv.org.ve/c2/indicadores.asp
Latest actual data: 2015. BOP for 2013Q1 available on central bank website.
BOP Manual used: Balance of Payments Manual, fifth edition (BPM5). Venezuela compiles and disseminates BOP/IIP in BPM5. These historical data, for publication purposes in the IFS, are converted to BPM6 by STA. WEO data are published in BPM5.
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/20175.58516.3422.5864.6043.598-20.360-6.942-8.177
VenezuelaCurrent account balanceCurrent account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.Percent of GDP See notes for: 
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).1.8984.8920.7802.0191.671-7.828-2.417-3.250
Notes
  Subject Notes  
  Gross domestic product, constant prices (National currency)
Expressed in billions of national currency units; the base year is country-specific. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993]


Gross domestic product, constant prices (Percent change)
Annual percentages of constant price GDP are year-on-year changes; the base year is country-specific . Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993]


Gross domestic product, current prices (National currency)
Expressed in billions of national currency units . Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993]


Gross domestic product, current prices (U.S. dollars)
Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). Exchange rate projections are provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise. Expenditure-based GDP is total final expenditures at purchasers’ prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services. [SNA 1993]


Gross domestic product, deflator (Index)
The GDP deflator is derived by dividing current price GDP by constant price GDP and is considered to be an alternate measure of inflation. Data are expressed in the base year of each country's national accounts.


Gross domestic product per capita, constant prices (National currency)
GDP is expressed in constant national currency per person. Data are derived by dividing constant price GDP by total population.


Gross domestic product per capita, current prices (National currency)
GDP is expressed in current national currency per person. Data are derived by dividing current price GDP by total population.


Gross domestic product per capita, current prices (U.S. dollars)
GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.


Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP (Current international dollar)
These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy.

The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables.

For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23.


Gross domestic product based on purchasing-power-parity (PPP) per capita GDP (Current international dollar)
Expressed in GDP in PPP dollars per person. Data are derived by dividing GDP in PPP dollars by total population. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy.

The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables.

For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23.


Gross domestic product based on purchasing-power-parity (PPP) share of world total (Percent)
Expressed in percent of world GDP in PPP dollars. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy.

The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables.

For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23.


Implied PPP conversion rate (National currency per current international dollar)
Expressed in national currency per current international dollar. These data form the basis for the country weights used to generate the World Economic Outlook country group composites for the domestic economy.

The IMF is not a primary source for purchasing power parity (PPP) data. WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. For primary source information, please refer to one of the following sources: the Organization for Economic Cooperation and Development, the World Bank, or the Penn World Tables.

For further information see Box A2 in the April 2004 World Economic Outlook, Box 1.2 in the September 2003 World Economic Outlook for a discussion on the measurement of global growth and Box A.1 in the May 2000 World Economic Outlook for a summary of the revised PPP-based weights, and Annex IV of the May 1993 World Economic Outlook. See also Anne Marie Gulde and Marianne Schulze-Ghattas, Purchasing Power Parity Based Weights for the World Economic Outlook, in Staff Studies for the World Economic Outlook (Washington: IMF, December 1993), pp. 106-23.


Total investment (Percent of GDP)
Expressed as a ratio of total investment in current local currency and GDP in current local currency. Investment or gross capital formation is measured by the total value of the gross fixed capital formation and changes in inventories and acquisitions less disposals of valuables for a unit or sector. [SNA 1993]


Gross national savings (Percent of GDP)
Expressed as a ratio of gross national savings in current local currency and GDP in current local currency. Gross national saving is gross disposable income less final consumption expenditure after taking account of an adjustment for pension funds. [SNA 1993] For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.


Inflation, average consumer prices (Index)
Expressed in averages for the year, not end-of-period data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers’ incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF.]


Inflation, average consumer prices (Percent change)
Annual percentages of average consumer prices are year-on-year changes.


Inflation, end of period consumer prices (Index)
Expressed in end of the period, not annual average data. A consumer price index (CPI) measures changes in the prices of goods and services that households consume. Such changes affect the real purchasing power of consumers’ incomes and their welfare. As the prices of different goods and services do not all change at the same rate, a price index can only reflect their average movement. A price index is typically assigned a value of unity, or 100, in some reference period and the values of the index for other periods of time are intended to indicate the average proportionate, or percentage, change in prices from this price reference period. Price indices can also be used to measure differences in price levels between different cities, regions or countries at the same point in time. [CPI Manual 2004, Introduction] For euro countries, consumer prices are calculated based on harmonized prices. For more information see http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-BE-04-001/EN/KS-BE-04-001-EN.PDF.


Inflation, end of period consumer prices (Percent change)
Annual percentages of end of period consumer prices are year-on-year changes.


Volume of imports of goods and services (Percent change)
Percent change of volume of imports refers to the aggregate change in the quantities of total imports whose characteristics are unchanged. The goods and services and their prices are held constant, therefore changes are due to changes in quantities only. [Export and Import Price Index Manual: Theory and Practice, Glossary]


Volume of Imports of goods (Percent change)
Percent change of volume of imports of goods refers to the aggregate change in the quantities of imports of goods whose characteristics are unchanged. The goods and their prices are held constant, therefore changes are due to changes in quantities only. [Export and Import Price Index Manual: Theory and Practice, Glossary]


Volume of exports of goods and services (Percent change)
Percent change of volume of exports refers to the aggregate change in the quantities of total exports whose characteristics are unchanged. The goods and services and their prices are held constant, therefore changes are due to changes in quantities only. [Export and Import Price Index Manual: Theory and Practice, Glossary]


Volume of exports of goods (Percent change)
Percent change of volume of exports of goods refers to the aggregate change in the quantities of exports of goods whose characteristics are unchanged. The goods and their prices are held constant, therefore changes are due to changes in quantities only. [Export and Import Price Index Manual: Theory and Practice, Glossary]


Unemployment rate (Percent of total labor force)
Unemployment rate can be defined by either the national definition, the ILO harmonized definition, or the OECD harmonized definition. The OECD harmonized unemployment rate gives the number of unemployed persons as a percentage of the labor force (the total number of people employed plus unemployed). [OECD Main Economic Indicators, OECD, monthly] As defined by the International Labour Organization, unemployed workers are those who are currently not working but are willing and able to work for pay, currently available to work, and have actively searched for work. [ILO, http://www.ilo.org/public/english/bureau/stat/res/index.htm]


Population (Persons)
For census purposes, the total population of the country consists of all persons falling within the scope of the census. In the broadest sense, the total may comprise either all usual residents of the country or all persons present in the country at the time of the census. [Principles and Recommendations for Population and Housing Censuses, Revision 1, paragraph 2.42]


General government revenue (National currency)
Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government’s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.


General government revenue (Percent of GDP)
Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government’s net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of nonfinancial and financial assets or incurrence of liabilities.


General government total expenditure (National currency)
Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.


General government total expenditure (Percent of GDP)
Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.


General government net lending/borrowing (National currency)
Net lending (+)/ borrowing (–) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (–) is also equal to net acquisition of financial assets minus net incurrence of liabilities.


General government net lending/borrowing (Percent of GDP)
Net lending (+)/ borrowing (–) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (–) is also equal to net acquisition of financial assets minus net incurrence of liabilities.


General government primary net lending/borrowing (National currency)
Primary net lending/borrowing is net lending (+)/borrowing (–) plus net interest payable/paid (interest expense minus interest revenue).


General government primary net lending/borrowing (Percent of GDP)
Primary net lending/borrowing is net lending (+)/borrowing (–) plus net interest payable/paid (interest expense minus interest revenue).


General government gross debt (National currency)
Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).


General government gross debt (Percent of GDP)
Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).


Gross domestic product corresponding to fiscal year, current prices (National currency)
Gross domestic product corresponding to fiscal year is the country’s GDP based on the same period during the year as their fiscal data. In the case of countries whose fiscal data are based on a fiscal calendar (e.g., July to June), this series would be the country’s GDP over that same period. For countries whose fiscal data are based on a calendar year (i.e., January to December), this series will be the same as their GDP in current prices.


Current account balance (U.S. dollars)
Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.


Current account balance (Percent of GDP)
Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.


  Country/Series-specific Notes  
  Venezuela: Gross domestic product, constant prices (National currency)
Source: Central Bank
Latest actual data: 2015
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 1997. This is not na index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: Gross domestic product, constant prices (Percent change)
See notes for:
Gross domestic product, constant prices (National currency).


Venezuela: Gross domestic product, current prices (National currency)
Source: Central Bank
Latest actual data: 2015
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 1997. This is not na index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: Gross domestic product, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency).


Venezuela: Gross domestic product, deflator (Index)
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).


Venezuela: Gross domestic product per capita, constant prices (National currency)
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).


Venezuela: Gross domestic product per capita, current prices (National currency)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


Venezuela: Gross domestic product per capita, current prices (U.S. dollars)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


Venezuela: Gross domestic product based on purchasing-power-parity (PPP) valuation of country GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


Venezuela: Gross domestic product based on purchasing-power-parity (PPP) per capita GDP (Current international dollar)
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).


Venezuela: Gross domestic product based on purchasing-power-parity (PPP) share of world total (Percent)
See notes for:
Gross domestic product, current prices (National currency).


Venezuela: Implied PPP conversion rate (National currency per current international dollar)
See notes for:
Gross domestic product, current prices (National currency).


Venezuela: Total investment (Percent of GDP)
Source: Central Bank
Latest actual data: 2015
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 1997. This is not na index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: Gross national savings (Percent of GDP)
Source: Central Bank
Latest actual data: 2015
National accounts manual used: System of National Accounts (SNA) 2008
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 1997. This is not na index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: Inflation, average consumer prices (Index)
Source: Central Bank
Latest actual data: 2016
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2007. December 2007=100
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: Inflation, average consumer prices (Percent change)
See notes for:
Inflation, average consumer prices (Index).


Venezuela: Inflation, end of period consumer prices (Index)
Source: Central Bank
Latest actual data: 2016
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2007. December 2007=100
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: Inflation, end of period consumer prices (Percent change)
See notes for:
Inflation, end of period consumer prices (Index).


Venezuela: Volume of imports of goods and services (Percent change)
Source: Central Bank
Latest actual data: 2015
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 fuerte
Data last updated: 03/2017


Venezuela: Volume of Imports of goods (Percent change)
Source: Central Bank
Latest actual data: 2015
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 fuerte
Data last updated: 03/2017


Venezuela: Volume of exports of goods and services (Percent change)
Source: Central Bank
Latest actual data: 2015
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 fuerte
Data last updated: 03/2017


Venezuela: Volume of exports of goods (Percent change)
Source: Central Bank
Latest actual data: 2015
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 fuerte
Data last updated: 03/2017


Venezuela: Unemployment rate (Percent of total labor force)
Source: National Statistics Office
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: Population (Persons)
Source: Ministry of Economy and/or Planning
Latest actual data: 2010
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: General government revenue (National currency)
Source: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: General government revenue (Percent of GDP)
See notes for:
General government revenue (National currency).


Venezuela: General government total expenditure (National currency)
Source: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: General government total expenditure (Percent of GDP)
See notes for:
General government total expenditure (National currency).


Venezuela: General government net lending/borrowing (National currency)
Source: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: General government net lending/borrowing (Percent of GDP)
See notes for:
General government net lending/borrowing (National currency).


Venezuela: General government primary net lending/borrowing (National currency)
Source: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: General government primary net lending/borrowing (Percent of GDP)
See notes for:
General government primary net lending/borrowing (National currency).


Venezuela: General government gross debt (National currency)
Source: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: General government gross debt (Percent of GDP)
See notes for:
General government gross debt (National currency).


Venezuela: Gross domestic product corresponding to fiscal year, current prices (National currency)
Source: Ministry of Finance or Treasury
Latest actual data: 2010
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Cash
General government includes: 0. Fiscal accounts for 2010–22 correspond to the budgetary central government and Petroleos de Venezuela S.A. (PDVSA). Fiscal accounts before 2010 correspond to the budgetary central government, public enterprises (including PDVSA), Instituto Venezolano de l
Valuation of public debt: Nominal value
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: Current account balance (U.S. dollars)
Source: Central Bank. http://www.bcv.org.ve/c2/indicadores.asp
Latest actual data: 2015. BOP for 2013Q1 available on central bank website.
BOP Manual used: Balance of Payments Manual, fifth edition (BPM5). Venezuela compiles and disseminates BOP/IIP in BPM5. These historical data, for publication purposes in the IFS, are converted to BPM6 by STA. WEO data are published in BPM5.
Primary domestic currency: Venezuelan bolívar fuerte
Data last updated: 03/2017


Venezuela: Current account balance (Percent of GDP)
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).


 
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