Markets Actual Q3 Q4 Q1 Q2 2021
Stock Market (points) 301778.38 273202 238163 207605 180965 127685
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -26.80 -31 -33 -35 -36 -37
Unemployment Rate (%) 6.40 9 9.8 10.3 10.5 10.5
Inflation Rate (%) 2296.60 37000 42000 45000 47000 49000
Inflation Rate Mom (%) 38.60 38 40 45 50 70
Interest Rate (%) 39.78 35 29 25 23 18.5
Balance of Trade (USD Million) 5680.00 5000 5300 5300 5300 5200
Current Account (USD Million) 2533.00 2500 2300 2100 1900 1500
Current Account to GDP (%) 9.80 -1.7 -1.7 -2.2 -2.2 -2.2
Government Debt to GDP (%) 23.00 50 50 60 60 60
Government Budget (% of GDP) -29.90 -40 -40 -50 -50 -50
Consumer Confidence (points) 74.00 60 62 60 59 58
Retail Sales Mom (%) -29.60 -33 -35 -32 -31 -28
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 2021
GDP Annual Growth Rate (%) -26.80 -31 -33 -35 -36 -37
GDP (USD Billion) 280.00 250 250 240 240 240
Gross Fixed Capital Formation (VEF Million) 347.00 239 232 226 222 146
GDP per capita (USD) 16054.49 10000 10000 9500 9500 9500
GDP per capita PPP (USD) 17131.39 16299 4500 4500 16299 4000

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 6.40 9 9.8 10.3 10.5 10.5
Employed Persons 15011108.00 14000000 13800000 13600000 13400000 12800000
Unemployed Persons 1018421.00 1180000 1200000 1200000 1228000 1350000
Minimum Wages (VEF/Month) 250000.00 350000 450000 550000 550000 950000
Population (Million) 32.22 32.23 32.63 32.63 32.63 33.03
Employment Rate (%) 93.65 92.4 92.2 92 91.7 90

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 2296.60 37000 42000 45000 47000 49000
Inflation Rate Mom (%) 38.60 38 40 45 50 70
Consumer Price Index CPI (points) 66382249099.50 9000 9900 9900 9900 9900
Core Consumer Prices (points) 594.30 1116 1116 1010 1010 1414
Core Inflation Rate (%) 60.30 3800000 4000000 4000000 4000000 1200000
Food Inflation (%) 2064.90 3000 4100 6000 7500 9000
CPI Transportation (points) 29802090284.00 4989745 3992195 3593175 3593175 165286055

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 39.78 35 29 25 23 18.5
Foreign Exchange Reserves (USD Million) 6523.00 8000 7900 7900 7900 7600
Banks Balance Sheet (VEF Million) 948548295.06 950000000 951000000 948000000 946000000 940000000
Deposit Interest Rate (%) 24.00 22.22 18 13.22 9.22 4.72
Central Bank Balance Sheet (VES Thousand) 7857952.81 7910000 7930000 7920000 7900000 7880000

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 5680.00 5000 5300 5300 5300 5200
Current Account (USD Million) 2533.00 2500 2300 2100 1900 1500
Current Account to GDP (%) 9.80 -1.7 -1.7 -2.2 -2.2 -2.2
Imports (USD Million) 2497.00 2900 2600 2600 2600 2500
Exports (USD Million) 8627.00 7900 7900 7900 7900 7700
Crude Oil Production (BBL/D/1K) 573.00 1200 1100 1000 1000 1250
Foreign Direct Investment (USD Million) 105.00 -3500 -4000 -4000 -4000 -4000

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 23.00 50 50 60 60 60
Government Budget (% of GDP) -29.90 -40 -40 -50 -50 -50
Government Spending (VEF Million) 1286.00 887 862 836 823 543
Military Expenditure (USD Million) 465.00 700 700 700 700 650

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34
Sales Tax Rate (%) 16.00 16 16 16 16 16
Social Security Rate (%) 24.50 24.5 24.5 24.5 24.5 24.5
Social Security Rate For Companies (%) 19.00 19 19 19 19 19
Social Security Rate For Employees (%) 5.50 5.5 5.5 5.5 5.5 5.5

Business Actual Q3 Q4 Q1 Q2 2021
Industrial Production (%) -20.60 -52 -50 -48 -44 -45
Changes in Inventories (VEF Million) -543.00 450 450 450 450 268

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 74.00 60 62 60 59 58
Retail Sales Mom (%) -29.60 -33 -35 -32 -31 -28
Retail Sales YoY (%) -53.50 -70 -72 -69 -67 -65
Consumer Spending (VEF Million) 3819.00 2635 2559 2482 2444 1612
Private Sector Credit (VEF Million) 13141315.00 2800000000 2800000000 25886632339 25886632339 29929635610


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.