World Economic Outlook Database, April 2019

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5. Report for Selected Countries and Subjects

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       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes2010201120122013201420152016201720182019
VenezuelaGross domestic product, constant pricesNational currencyBillionsSource: Central Bank
Latest actual data: 2017
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 an index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/20190.0010.0010.0010.0010.0010.001--------
VenezuelaGross domestic product, constant pricesPercent change See notes for: 
Gross domestic product, constant prices (National currency).-1.4894.1765.6261.343-3.894-6.221-17.040-15.671-18.000-25.000
VenezuelaGross domestic product, current pricesNational currencyBillionsSource: Central Bank
Latest actual data: 2017
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 an index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/20190.0100.0140.0160.0220.0300.0800.2812.009n/an/a
VenezuelaGross domestic product, current pricesU.S. dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).294.282334.069331.457234.401212.347323.595279.249143.84198.46876.458
VenezuelaGross domestic product, current pricesPurchasing power parity; international dollarsBillionsSee notes for: 
Gross domestic product, current prices (National currency).470.441500.326538.611555.422543.891515.509432.339371.516n/an/a
VenezuelaGross domestic product, deflatorIndex See notes for: 
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).1,822.0402,334.9302,663.2053,608.7165,068.09714,329.09860,369.348511,965.778n/an/a
VenezuelaGross domestic product per capita, constant pricesNational currencyUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).0.0200.0200.0210.0210.0200.0180.0150.013n/an/a
VenezuelaGross domestic product per capita, constant pricesPurchasing power parity; 2011 international dollarUnitsSee notes for: 
Gross domestic product, constant prices (National currency)
Population (Persons).16,837.09917,285.97217,996.47217,980.51817,039.99015,763.97213,037.87911,075.0119,487.1277,399.427
VenezuelaGross domestic product per capita, current pricesNational currencyUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).0.3560.4690.5570.7541.0042.6259.14665.886n/an/a
VenezuelaGross domestic product per capita, current pricesU.S. dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).10,316.83211,541.87611,287.3037,869.4427,029.89210,568.1009,092.0204,717.5333,373.6852,724.166
VenezuelaGross domestic product per capita, current pricesPurchasing power parity; international dollarsUnitsSee notes for: 
Gross domestic product, current prices (National currency)
Population (Persons).16,492.57617,285.97218,341.66418,646.90818,005.89116,835.68614,076.46412,184.549n/an/a
VenezuelaGross domestic product based on purchasing-power-parity (PPP) share of world totalPercent See notes for: 
Gross domestic product, current prices (National currency).0.5260.5260.5390.5280.4910.4450.3580.2910.2300.167
VenezuelaImplied PPP conversion rateNational currency per current international dollar See notes for: 
Gross domestic product, current prices (National currency).------------0.0010.005n/an/a
VenezuelaTotal investmentPercent of GDP Source: Central Bank
Latest actual data: 2017
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 an index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/201921.97223.07226.59727.26924.81030.8680.102-3.7447.0636.717
VenezuelaGross national savingsPercent of GDP Source: Central Bank
Latest actual data: 2017
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 an index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/201931.59130.63925.63519.0289.1362.3524.015-9.86413.0618.119
VenezuelaInflation, average consumer pricesIndex Source: Central Bank
Latest actual data: 2017
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2007. 2007M12
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/2019194.325247.083299.242414.525652.0921,381.1174,894.55029,054.092270,170,947.72927,017,364,943,818.600
VenezuelaInflation, average consumer pricesPercent change See notes for: 
Inflation, average consumer prices (Index).29.06227.15021.11038.52557.311111.798254.391493.601929,789.50010,000,000.000
VenezuelaInflation, end of period consumer pricesIndex Source: Central Bank
Latest actual data: 2017
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2007. 2007M12
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/2019213.200275.000328.700501.800826.4002,146.1008,641.00092,368.0001,436,549,625.280143,656,399,082,390.000
VenezuelaInflation, end of period consumer pricesPercent change See notes for: 
Inflation, end of period consumer prices (Index).27.36028.98719.52752.66264.687159.693302.637968.9501,555,146.00010,000,000.000
VenezuelaVolume of imports of goods and servicesPercent change 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 soberano
Data last updated: 03/2019-2.89115.39324.396-9.687-18.532-23.102-50.061-34.651-6.730-57.365
VenezuelaVolume of Imports of goodsPercent change 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 soberano
Data last updated: 03/2019-6.10113.80324.948-9.687-18.532-23.102-50.061-34.651-4.247-62.592
VenezuelaVolume of exports of goods and servicesPercent change 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 soberano
Data last updated: 03/2019-12.8774.6651.594-6.170-4.658-0.863-11.729-0.044-34.484-47.369
VenezuelaVolume of exports of goodsPercent change 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 soberano
Data last updated: 03/2019-12.8914.5970.658-6.170-4.658-0.863-11.729-0.044-36.038-53.161
VenezuelaUnemployment ratePercent of total labor force Source: National Statistics Office
Latest actual data: 2011
Employment type: National definition
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/20198.5088.2047.8237.4706.7007.40020.86327.88635.02744.337
VenezuelaPopulationPersonsMillionsSource: Ministry of Economy and/or Planning
Latest actual data: 2010
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/201928.52428.94429.36529.78630.20630.62030.71430.49129.18728.067
VenezuelaGeneral government revenueNational currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2017
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 soberano
Data last updated: 03/20190.0030.0040.0050.0060.0100.0160.0400.295n/an/a
VenezuelaGeneral government revenuePercent of GDP See notes for: 
General government revenue (National currency).26.35931.11729.83828.40234.56619.66314.31714.7087.7095.930
VenezuelaGeneral government total expenditureNational currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2017
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 soberano
Data last updated: 03/20190.0030.0050.0070.0090.0150.0240.0710.758n/an/a
VenezuelaGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).31.09939.36140.28539.66650.11930.31425.15137.71837.65535.748
VenezuelaGeneral government net lending/borrowingNational currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2017
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 soberano
Data last updated: 03/2019---0.001-0.002-0.003-0.005-0.009-0.030-0.462n/an/a
VenezuelaGeneral government net lending/borrowingPercent of GDP See notes for: 
General government net lending/borrowing (National currency).-4.739-8.244-10.447-11.265-15.553-10.652-10.834-23.010-29.945-29.818
VenezuelaGeneral government primary net lending/borrowingNational currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2017
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 soberano
Data last updated: 03/2019---0.001-0.001-0.002-0.004-0.007-0.028-0.454n/an/a
VenezuelaGeneral government primary net lending/borrowingPercent of GDP See notes for: 
General government primary net lending/borrowing (National currency).-3.173-6.079-6.940-8.147-11.873-9.011-10.126-22.586-29.945-29.818
VenezuelaGeneral government gross debtNational currencyBillionsSource: Ministry of Finance or Treasury
Latest actual data: 2017
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 soberano
Data last updated: 03/20190.0040.0070.0100.0160.0190.0250.0850.664n/an/a
VenezuelaGeneral government gross debtPercent of GDP See notes for: 
General government gross debt (National currency).36.46150.57058.09272.24763.48931.65630.34333.054175.618214.449
VenezuelaGross domestic product corresponding to fiscal year, current pricesNational currencyBillions           
VenezuelaCurrent account balanceU.S. dollarsBillionsSource: Central Bank. http://www.bcv.org.ve/c2/indicadores.asp
Latest actual data: 2017
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 soberano
Data last updated: 03/20195.58516.3422.5864.6044.919-16.051-3.8708.7065.9061.072
VenezuelaCurrent account balancePercent of GDP See notes for: 
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).1.8984.8920.7801.9642.316-4.960-1.3866.0535.9981.402
Notes
  Country/Series-specific Notes  
  Venezuela: Gross domestic product, constant prices (National currency)
Source: Central Bank
Latest actual data: 2017
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 an index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/2019


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: 2017
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 an index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/2019


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


Venezuela: Gross domestic product, current prices (Purchasing power parity; international 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, constant prices (Purchasing power parity; 2011 international dollar)
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 per capita, current prices (Purchasing power parity; international dollars)
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: 2017
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 an index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/2019


Venezuela: Gross national savings (Percent of GDP)
Source: Central Bank
Latest actual data: 2017
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 an index. 1997 is the year in which nominal and real GDP have the same value.
Chain-weighted: No
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/2019


Venezuela: Inflation, average consumer prices (Index)
Source: Central Bank
Latest actual data: 2017
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2007. 2007M12
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/2019


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: 2017
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2007. 2007M12
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/2019


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: 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 soberano
Data last updated: 03/2019


Venezuela: Volume of Imports of goods (Percent change)
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 soberano
Data last updated: 03/2019


Venezuela: Volume of exports of goods and services (Percent change)
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 soberano
Data last updated: 03/2019


Venezuela: Volume of exports of goods (Percent change)
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 soberano
Data last updated: 03/2019


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 soberano
Data last updated: 03/2019


Venezuela: Population (Persons)
Source: Ministry of Economy and/or Planning
Latest actual data: 2010
Primary domestic currency: Venezuelan bolívar soberano
Data last updated: 03/2019


Venezuela: General government revenue (National currency)
Source: Ministry of Finance or Treasury
Latest actual data: 2017
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 soberano
Data last updated: 03/2019


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: 2017
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 soberano
Data last updated: 03/2019


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: 2017
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 soberano
Data last updated: 03/2019


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: 2017
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 soberano
Data last updated: 03/2019


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: 2017
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 soberano
Data last updated: 03/2019


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


Venezuela: Current account balance (U.S. dollars)
Source: Central Bank. http://www.bcv.org.ve/c2/indicadores.asp
Latest actual data: 2017
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 soberano
Data last updated: 03/2019


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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