Markets Actual Q1 Q2 Q3 Q4 2020
Stock Market (points) 5558.23 636 252 100 39.65 6.23
Currency 248520.90 248521 248521 248521 248521 248521
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -16.60 -14 -12.5 -10 -8 -4
Unemployment Rate (%) 7.30 37 37 40 40 44
Inflation Rate (%) 1300000.00 800000 250000 200000 180000 4500
Inflation Rate Mom (%) 144.00 150 125 100 125 80
Interest Rate (%) 21.84 22 22 22 22 20
Balance of Trade (USD Million) -782.00 -3050 -2950 -2940 -2950 -2750
Current Account (USD Million) -5113.00 -8600 -8600 -8500 -8600 -8600
Current Account to GDP (%) 2.00 2 2 2 2 2
Government Debt to GDP (%) 23.00 40 40 40 40 50
Government Budget (% of GDP) -20.00 -45 -45 -45 -45 -40
Consumer Confidence (Index Points) 72.00 45 45 44 45 42
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -16.60 -14 -12.5 -10 -8 -4
GDP (USD Billion) 482.40 280 280 280 280 300
Gross Fixed Capital Formation (VEF Million) 3219.00 2768 2817 2897 2961 2843
GDP per capita (USD) 13709.04 6200 6200 6200 6200 6000
GDP per capita PPP (USD) 16745.02 9000 9000 9000 9000 7500
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 7.30 37 37 40 40 44
Employed Persons 13089081.00 1000000 1000000 1000000 1000000 750000
Unemployed Persons 1035238.00 8000000 8500000 9000000 9000000 9500000
Minimum Wages (VEF/Month) 1800000000.00 190000000 190000000 190000000 190000000 190000000
Population (Million) 31.43 31.95 31.95 31.95 31.95 32
Employment Rate (%) 92.67 75 70 70 65 60
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1300000.00 800000 250000 200000 180000 4500
Inflation Rate Mom (%) 144.00 150 125 100 125 80
Consumer Price Index CPI (Index Points) 2146.10 9000 9000 9000 9000 9900
Core Consumer Prices (Index Points) 594.30 1115 1116 1116 1010 1414
Food Inflation (%) 315.00 200000 160000 140000 120000 1000
CPI Transportation (Index Points) 1995.10 15962795 4989745 3992195 3593175 165286055
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 21.84 22 22 22 22 20
Foreign Exchange Reserves (USD Million) 8833.00 8300 8300 8200 8300 8100
Deposit Interest Rate (%) 14.70 14.8 14.8 14.8 17 18
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) -782.00 -3050 -2950 -2940 -2950 -2750
Current Account (USD Million) -5113.00 -8600 -8600 -8500 -8600 -8600
Current Account to GDP (%) 2.00 2 2 2 2 2
Imports (USD Million) 9576.00 7400 7250 7300 7300 7000
Exports (USD Million) 8483.00 4350 4300 4360 4350 4250
Crude Oil Production (BBL/D/1K) 1511.00 1300 1250 1180 1200 1500
Foreign Direct Investment (USD Million) -558.00 -2700 -2800 -2800 -2800 -3000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 23.00 40 40 40 40 50
Government Budget (% of GDP) -20.00 -45 -45 -45 -45 -40
Government Spending (VEF Million) 2747.00 2362 2404 2472 2527 2426
Military Expenditure (USD Million) 260.70 265 265 265 265 275
Taxes Actual Q1 Q2 Q3 Q4 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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) 0.81 -6 -5.7 -6.5 -6.4 -6.6
Changes in Inventories (VEF Million) 1477.00 -17.01 821 450 450 268
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (Index Points) 72.00 45 45 44 45 42
Consumer Spending (VEF Million) 10233.00 8800 8954 9210 9414 9038
Private Sector Credit (VEF Thousand) 75696142320.00 18425399053 22158683741 2800000000 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.