Consumer Spending in Venezuela decreased to 5038 VEF Million in the third quarter of 2018 from 5651 VEF Million in the second quarter of 2018. Consumer Spending in Venezuela averaged 8038.78 VEF Million from 1998 until 2018, reaching an all time high of 12336 VEF Million in the fourth quarter of 2013 and a record low of 4886 VEF Million in the first quarter of 2003.
Consumer Spending in Venezuela is expected to be 8493.39 VEF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Spending in Venezuela to stand at 8595.72 in 12 months time. In the long-term, the Venezuela Consumer Spending is projected to trend around 6198.48 VEF Million in 2020, according to our econometric models.