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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.
To get around sanctions, Venezuelan president Nicolas Maduro is issuing an oil-and-reserves-backed cryptocurrency. If it succeeds, the ICO should provide the government with access to $6 billion. But cryptos are dicey.
USD 6.7 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
USD 314.1 billion (2017, estimate)
Intl$ 457.1 billion (2017, estimate)
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
| 9.9% | 8.8% | 5.3% | -3.2% | -1.5% | 4.2% | 5.6% |
| 2013 | 2014* | 2015* | 2016* | 2017* | ||
| 1.3% | 2.3% | -6.2% | -10% | -4.5% |
*Estimate
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.92% | 0.70% | 0.58% | 0.54% | 0.4% |
*Estimate
(2016 estimate)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 40.6% | 62.2% | 121.7% | 475.8% | 1660.1% |
*Estimate
| 2013* | 2014* | 2015* | 2016* | 2017* |
| 7.5% | 6.7% | 7.4% | 18.1% | 21.4% |
*Estimate
| 2013* | 2014* | 2015* | 2016* | 2017* |
| 73.7% | 63.5% | 41.5% | 32.8% | 28.2% |
*Estimate
| 2013* | 2014* | 2015* | 2016* | 2017* |
| -14.3% | -16.8% | -23.1% | -25.7% | -26.1% |
*Estimate
Standard & Poor's: CCC
Moody's: Caa3
Standard & Poor's / Moody's (Updated January 2017)
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
Mercantil Servicios, Banco De Venezuela, Banco Occidental, Banco del Caribe, C.A. Banco Universal.
-0.9% (2017 estimate)
16.7% (2014)
0.2% (2015)
0.03% (2015)
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 26.6%, India 13.7%, China 11.7%, Cuba 6.4% (2015)
US 18.4%, China 15.3%, Brazil 9.7%, Colombia 5.9%, Mexico 4.2% (2015)
| 2013 | 2014 | 2015 |
| USD 2,680 million | USD 320 million | USD 1,591 million |
| 2013 | 2014 | 2015 |
| USD 752 million | USD 1,024 million | USD -1,119 million |
| 2012 | 2013 | 2014 | 2015 |
| USD -16.2 million | USD 58.0 million | USD 1371.9 million | USD 3.3 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: 187 out of 190 countries (2017)
Subcategories:
Starting a business: 189 out of 190 countries
Enforcing Contracts: 137 out of 190 countries
Registering Property: 129 out of 190 countries
Getting Credit: 118 out of 190 countries
Protecting Minority Investors: 175 out of 190 countries
Trading Across Borders: 187 out of 190 countries
Paying Taxes: 185 out of 190 countries
Dealing with Construction Permits: 137 out of 190 countries
Getting Electricity: 186 out of 190 countries
Resolving Insolvency: 165 out of 190 countries
130 out of 138 countries
(2016-2017)
Ranking: 176 / Score: 33.74 (Repressed) (2016)
(100=totally free 0=totally repressed)
Nominally Roman Catholic 96%, Protestant 2%, other 2%
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 19.411 million | 24.394 million | 28.524 million | 31.029 million | 32.986 million |
*Estimate
| 1960 | 1980 | 2000 | 2015 |
| 62% | 79% | 88% | 89% |
Total population: 96.3%
Male: 96.4%
Female: 96.2% (2015 est.)
(age 15 and over can read and write)
Political Rights: 6
Civil Liberties: 5 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 24.86% Mobile 92.97% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)