Markets Actual Q3 Q4 Q1 Q2 2020
Stock Market (points) 43965.84 13965 5315 2025 770 112
Currency 14447.33 248521 248521 248521 248521 248521
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) -22.50 -26 -26 -28 -30 -33
Unemployment Rate (%) 7.30 40 45 46 47 48
Inflation Rate (%) 282972.80 3100000 3500000 4000000 4200000 4600000
Inflation Rate Mom (%) 33.80 100 125 110 115 80
Interest Rate (%) 27.87 28 26 24 22 21
Balance of Trade (USD Million) 4616.00 -2940 -2950 -3000 -3000 -2750
Current Account (USD Million) 1687.00 -8500 -8600 -9800 -9300 -9800
Current Account to GDP (%) 6.00 2 2 -1.7 -1.7 -1.7
Government Debt to GDP (%) 23.00 40 40 50 50 50
Government Budget (% of GDP) -20.00 -45 -45 -40 -40 -40
Consumer Confidence (Index Points) 72.00 50 45 40 40 40
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) -22.50 -26 -26 -28 -30 -33
GDP (USD Billion) 482.36 280 280 300 300 300
Gross Fixed Capital Formation (VEF Million) 467.00 2656 2640 2704 336 2191
GDP per capita (USD) 14025.36 5000 5000 4500 4500 4500
GDP per capita PPP (USD) 17131.39 6000 6000 4500 4500 4500
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 7.30 40 45 46 47 48
Unemployed Persons 1035238.00 9000000 9000000 9000000 9300000 9500000
Minimum Wages (VEF/Month) 4000000000.00 4000000000 6000000000 6000000000 6000000000 9500000000
Population (Million) 31.83 31.95 31.83 32.23 32.23 32.23
Employment Rate (%) 92.67 70 65 63 60 58
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 282972.80 3100000 3500000 4000000 4200000 4600000
Inflation Rate Mom (%) 33.80 100 125 110 115 80
Consumer Price Index CPI (Index Points) 1268517191.00 9000 9000 9000 9000 9900
Core Consumer Prices (Index Points) 594.30 1116 1116 1010 1010 1414
Food Inflation (%) 276776.00 3000000 3400000 3800000 4000000 4500000
CPI Transportation (Index Points) 692742985.90 4989745 3992195 3593175 3593175 165286055
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 27.87 28 26 24 22 21
Foreign Exchange Reserves (USD Million) 8153.00 8200 8300 8200 8000 7900
Deposit Interest Rate (%) 24.00 31.6 17 27.6 25.6 18
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 4616.00 -2940 -2950 -3000 -3000 -2750
Current Account (USD Million) 1687.00 -8500 -8600 -9800 -9300 -9800
Current Account to GDP (%) 6.00 2 2 -1.7 -1.7 -1.7
Imports (USD Million) 3641.00 7300 7300 7200 7100 7000
Exports (USD Million) 8257.00 4360 4350 4200 4300 4250
Crude Oil Production (BBL/D/1K) 906.00 880 800 800 800 850
Foreign Direct Investment (USD Million) 197.00 -2800 -2800 -3000 -3200 -4000
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 23.00 40 40 50 50 50
Government Budget (% of GDP) -20.00 -45 -45 -40 -40 -40
Government Spending (VEF Million) 2040.00 2266 2253 2307 1469 1870
Taxes Actual Q3 Q4 Q1 Q2 2020
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34
Social Security Rate (%) 24.50 24.5 24.5 24.5 24.5 24.5
Social Security Rate For Employees (%) 5.50 5.5 5.5 5.5 5.5 5.5
Business Actual Q3 Q4 Q1 Q2 2020
Industrial Production (%) -20.60 -30 -35 -40 -45 -50
Changes in Inventories (VEF Million) 557.00 450 450 450 450 268
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Confidence (Index Points) 72.00 50 45 40 40 40
Consumer Spending (VEF Million) 5038.00 8442 8391 8596 3627 6965
Private Sector Credit (VEF Thousand) 43691030528.00 2800000000 2800000000 25886632339 25886632339 29929635610
Gasoline Prices (USD/Liter) 0.00 0 0 0 0 0


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.