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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Venezuela economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Venezuela best banks and safest banks are also available.
Latin American countries with weak currencies are turning to cryptocurrencies instead.
USD 9.79 billion (2017)
International Monetary Fund (IMF), data retrieved October 2019
Intl$ 371.5 billion (2017, estimate)
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
8.8% | 5.3% | -3.2% | -1.5% | 4.2% | 5.6% | 1.3% |
2014 | 2015 | 2016 | 2017* | 2018* | ||
-3.9% | -6.2% | -17% | -15.7% | -18% |
*Estimate
1980 | 1990 | 2000 | 2010 | 2019* |
0.92% | 0.70% | 0.58% | 0.54% | 0.17% |
*Estimate
(2017 estimate)
2015 | 2016 | 2017 | 2018* | 2019* |
121.7% | 254.9% | 438.1% | 65374.1 %* | 200000%* |
*Estimate
2015* | 2016* | 2017* | 2018* | 2019* |
7.4% | 20.9% | 27.9% | 35% | N/A |
*Estimate
2015 | 2016 | 2017* | 2018* | 2019* |
11.1% | 5.1% | 23.1% | 182.4% | N/A |
*Estimate
2015 | 2016 | 2017* | 2018* | 2019 |
-10.7% | -10.8% | -16.6% | -30.6% | N/A |
*Estimate
Standard & Poor's: SD
Moody's: WR
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
N/A | N/A | N/A |
6.4 % (2018 estimate)
16.7% (2014)
0.17% (2018)
0.03% (2016)
Petroleum and petroleum products, bauxite and aluminum, minerals, chemicals, agricultural products
Agricultural products, livestock, raw materials, machinery and equipment, transport equipment, construction materials, medical equipment, petroleum products, pharmaceuticals, chemicals, iron and steel products
US 34.8%, India 17.2%, China 16%, Netherlands Antilles 8.2%, Singapore 6.3%, Cuba 4.2%(2017)
US 24.8%, China 14.2%, Mexico 9.5% (2017)
2016 | 2017 | 2018 |
USD 1,068 million | USD -68 million | USD 956 million |
2016 | 2017 | 2018 |
USD 1,041 million | USD 2,234 million | USD 1,655 million |
2015 | 2016 | 2017 | 2018 |
USD 3.3 million | USD 21.3 million | USD -167.3 million | USD 17 million |
N/A
(for a monthly update on M&A; click here )
N/A
(for a monthly update on M&A; click here )
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking:
188 out of 190 countries
Subcategories:
Starting a Business: 190 out of 190 countries
Dealing with Construction Permits: 175 out of 190 countries
Getting Electricity: 174 out of 190 countries
Registering Property: 145 out of 190 countries
Getting Credit: 132 out of 190 countries
Protecting Minority Investors: 170 out of 190 countries
Paying Taxes: 189 out of 190 countries
Trading across Borders: 188 out of 190 countries
Enforcing Contracts: 150 out of 190 countries
Resolving Insolvency: 165 out of 190 countries
133 out of 141 countries
(2019)
Ranking: 179 / Score: 25.9 (Repressed)
(100=totally free 0=totally repressed)
Nominally Roman Catholic 96%, Protestant 2%, other 2%
1990 | 2000 | 2010 | 2015* | 2020* |
19.41 million | 24.39 million | 28.52 million | 30.62 million | 25.92 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
61.6% | 79.2% | 87.6% | 88.2% |
Total population: 97.1%
Male: 97%
Female: 97.2%
Definition: age 15 and over can read and write (2016 est.)
Not Free
Political Rights: 7
Civil Liberties: 6 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 19.2%
Mobile: 71.8%
(2018)
(fixed-telephone subscribers and mobile-cellular subscribers)