Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Due to the high level of uncertainty in current global economic conditions, the IMF does not offer projections for this economic indicator at this time. Annual inflation rate, from 1985 to 2019. Venezuela has the world’s largest proven oil reserves, but production has plummeted because of corruption and mismanagement of the state-owned PDVSA oil company. Also Show. Government spending has amounted to 33.5 percent of the country’s output (GDP) over the past three years, and budget deficits have averaged 21.3 percent of GDP. "Venezuela: Gross Domestic Product (Gdp) per Capita in Current Prices from 1984 to 2021 (in U.S. Please create an employee account to be able to mark statistics as favorites. In 2019, Venezuela’s gross domestic product (GDP) per capita dropped to 2,547 U.S. dollars from 3,410 U.S. dollars the year before. Property Rights 10.1 Create a Graph using this measurement, Judicial Effectiveness 12.6 Create a Graph using this measurement, Government Integrity 14.6 Create a Graph using this measurement. Label. Economic freedom has been suffocated in Venezuela under the Maduro regime. IMF. 1985. GDP has contracted severely over the past five years. Please do not hesitate to contact me. Business Freedom 30.8 Create a Graph using this measurement, Labor Freedom 27.7 Create a Graph using this measurement, Monetary Freedom 0.0 Create a Graph using this measurement. Statista. Venezuela: Gross domestic product (GDP) per capita in current prices from 1984 to 2021 (in U.S. dollars) [Graph]. 2011 international dollars, from 1980 to 2019. Please see our, Venezuela: Gross domestic product (GDP) per capita in current prices from 1984 to 2021, Life expectancy at birth in Venezuela 2018, Median age of the population in Venezuela 2015, Gross domestic product (GDP) in Venezuela 2019, Gross domestic product (GDP) per capita in Venezuela 2021, Gross domestic product (GDP) growth rate in Venezuela 2021, Venezuela: Share in global GDP adjusted for PPP 2018, Share of economic sectors in the GDP in Venezuela 2014, Employment by economic sector in Venezuela 2019, Youth unemployment rate in Venezuela in 2019, National debt of Venezuela in relation to gross domestic product (GDP) 2018, Ratio of government expenditure to gross domestic product (GDP) in Venezuela 2018, Venezuela's budget balance in relation to GDP 2019, Cumulative cases of COVID-19 worldwide from January 8 to October 12, 2020, by day, Venezuela: main destinations for Venezuelan migrants 2019, Life expectancy at birth in Venezuela 2018, by gender, Peru: income of Venezuelan immigrants 2019, by gender, Peru: main reasons for Venezuelans to emigrate 2018, Mortality rate in Venezuela 2018, by gender, Assessment of corruption in the government in Venezuela from 2006 to 2013, U.S. exports of trade goods to Venezuela 1985-2019, Assessment of confidence in national government in Venezuela from 2006 to 2013, Value of U.S. merchandise trade with Venezuela 2000-2010, Share of Venezuelans who would like to leave the country permanently 2013-2018, Poverty headcount ratio in Venezuela 2015, Assessment of feeling safe in Venezuela from 2010 to 2013, Latin America: feed preservatives market revenue 2018-2023, Chile: kidney beans production volume 2013-2019, Panama Canal: toll revenue 2019, by vessel type, Brazil: swine meat production volume 2010-2019, Annual change of sulfur dioxide (SO₂) discharge China 2010-2015, Venezuela: Gross domestic product (GDP) per capita in current prices from 1984 to 2021 (in U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. 0. maddison's data is pretty close to this data. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. dollars)." Its overall score has decreased by 0.7 points, reflecting a catastrophic further decline in fiscal health. GDP growth (annual %) - Venezuela, RB. Venezuela is ranked 32nd among 32 countries in the Americas region, and its overall score is the second lowest in the world. His successor, Nicolás Maduro, completed the destruction of democratic institutions and established a repressive authoritarian dictatorship in 2017. and over 1 Mio. The financial sector is tightly controlled by the state, which often allocates credit based on political expediency. (October 11, 2019). To learn more about cookies, click here. The government’s economic policies, particularly currency and price controls, have greatly increased black-market activity, and collusion between public officials and organized crime networks is rampant. GDP (constant 2010 US$) GDP (current US$) GDP (constant LCU) GDP: linked series (current LCU) GDP… Download Historical Data Save as Image. Find Out, Online tool for visualization and analysis. Dollars). the country's GDP has been on a … None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. Then you will be able to mark statistics as favourites and use personal statistics alerts. The overall tax burden equals 20.2 percent of total domestic income. Chart. The government’s strict control of the labor market severely impedes any job growth. Public debt is equivalent to 175.6 percent of GDP. This page has economic forecasts for Venezuela including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Venezuela economy. Bureaucratic meddling has stymied business operations and halted productivity growth. If you continue to navigate this website beyond this page, cookies will be placed on your browser. A nationwide strike between December 2002 and February 2003 had far-reaching economic consequences - real GDP declined by around 9% in 2002 and 8% in 2003 - but economic output since then has recovered … This feature is limited to our corporate solutions. Economic freedom has been suffocated in Venezuela under the Maduro regime. Data Source: World Bank MLA Citation: Similar Country Ranking; Country Name GDP Per Capita (US $) … Venezuela remains highly dependent on oil revenues, which account for roughly 95% of export earnings, about 55% of the federal budget revenues, and around 30% of GDP. GDP per capita. Tax Burden 72.8 Create a Graph using this measurement, Government Spending 66.3 Create a Graph using this measurement, Fiscal Health 0.0 Create a Graph using this measurement. Both the top personal income tax rate and the top corporate tax rate are 34 percent. Venezuela: $7,424.00 1950: 5: Australia: $7,218.00 1950: 6: Canada: $7,047.00 1950: 7: Sweden : $6,738.00 1950: 8: Denmark: $6,683.00 ... Economy > GDP per capita in 1950: Countries Compared Map. 1961 - 2014. Pct of population below poverty line, from 1997 to 2017. The Venezuelan economy has been plunging ever more deeply into repression for the past 17 years. Trade Freedom 58.0 Create a Graph using this measurement, Investment Freedom 0.0 Create a Graph using this measurement, Financial Freedom 10.0 Create a Graph using this measurement. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Profit from additional features with an Employee Account. 1960 - 2014. October 11, 2019. Read more about Venezuela Economy. Venezuela gdp per capita for 2013 was $12,457, a 4.07% decline from 2012. COVID-19 deaths worldwide as of October 12, 2020, by country, COVID-19 cases worldwide as of October 12, 2020, by country, Coronavirus (COVID-19) cases, recoveries, and deaths worldwide as of Oct. 12, 2020, New cases of COVID-19 worldwide from January 23 to October 12, 2020, by day. Poverty. "Venezuela: Gross domestic product (GDP) per capita in current prices from 1984 to 2021 (in U.S. Cuba, Russia, and China have increased their assistance to Maduro, whose regime is otherwise supported by the proceeds from narco-trafficking, illegal gold mining, and in-kind trades of oil for goods. Corporate solution including all features. See how Venezuela compares to another country using any of the measures in the Index. See more from the 2020 Index. You only have access to basic statistics. The total value of exports and imports of goods and services equals 48.1 percent of GDP. Profit from additional features by authenticating your Admin account. Other taxes include a value-added tax. $39 per month* Venezuela’s modern democratic era lasted from the end of military rule in 1959 until the election of Hugo Chávez in 1999. Home | Country Rankings | Graph The Data | Heat MapExplore the Data | Downloads | FAQs| About The Index. Interesting observations about Economy > GDP per capita in 1950. * All products require an annual contract; Prices do not include sales tax. The IMF has forecast inflation at the level of 10 million percent because of severe scarcities of food, fuel, and almost all imported goods. Venezuela BIP Letzte Zuletzt Höchste Unterste Einheit; BIP Veränderung zum Vorjahr -26.80-20.20: 36.10-26.80: Percent In that dataset, the UK would have been 7th in 1950. facts. Venezuela gdp per capita for 2011 was $10,955, a 20.76% decline from 2010. GDP growth (annual %) GDP (constant 2010 US$) GDP (constant LCU) GDP: linked series (current LCU) GDP… Then you can access your favorite statistics via the star in the header. Label. Please authenticate by going to "My account" → "Administration". Venezuela’s economic freedom score is 25.2, making its economy the 179th freest in the 2020 Index. In, IMF. The average applied tariff rate is 11.0 percent, and 134 nontariff measures are in force. Following international censure of Maduro’s fraudulent 2018 reelection, the head of the National Assembly, Juan Guaidó, became interim president in January 2019. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. This site uses cookies to optimize functionality and give you the best possible experience. World Bank national accounts data, and OECD National Accounts data files.
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