Markets Actual Q1 Q2 Q3 Q4 2022
Stock Market (points) 2393488.50 2042685 1780700 1552225 1353041 954674
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -26.80 -35 -36 -37 -37 -35
Unemployment Rate (%) 6.40 10.3 10.5 10.7 10.5 11
Inflation Rate (%) 2665.40 1700 1900 2100 2500 1000
Inflation Rate Mom (%) 46.60 27 24 21 27 32
Interest Rate (%) 38.15 37 35 36 34 32
Balance of Trade (USD Million) 5680.00 4500 4800 4700 -2750 4800
Current Account (USD Million) 2533.00 2100 1900 1700 1500 1500
Current Account to GDP (%) 9.80 -2.2 -2.2 -2.2 -2.2 -2.5
Government Debt to GDP (%) 23.00 60 60 60 60 65
Government Budget (% of GDP) -29.90 -50 -50 -50 -50 -55
Consumer Confidence (points) 66.00 60 59 58 58 54
Retail Sales Mom (%) -29.60 -22 -18 -15 -10 -20
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 2022
GDP Annual Growth Rate (%) -26.80 -35 -36 -37 -37 -35
GDP (USD Billion) 482.36 240 240 240 240 230
Gross Fixed Capital Formation (VEF Million) 347.00 2191 208 226 1950 1950
GDP per capita (USD) 14025.36 9500 9500 9500 9500 9000

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 6.40 10.3 10.5 10.7 10.5 11
Employed Persons 15011108.00 13600000 13400000 13100000 12800000 13000000
Unemployed Persons 1018421.00 1200000 1228000 1280000 1350000 1350000
Minimum Wages (VEF/Month) 400000.00 550000 550000 550000 750000 950000
Population (Million) 32.22 32.63 32.63 32.63 33.03 33.43
Employment Rate (%) 93.65 92 91.7 91.3 91 91

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 2665.40 1700 1900 2100 2500 1000
Inflation Rate Mom (%) 46.60 27 24 21 27 32
Consumer Price Index CPI (thousand points) 480553055.89 9900 9900 9900 9900 9900
Core Consumer Prices (points) 594.30 16046 16640 18423 19018 565774
Core Inflation Rate (%) 60.30 3000 3100 3300 3300 4900
Food Inflation (%) 1692.50 2560 2700 2800 3300 4900
CPI Transportation (points) 79988086540.40 4989745 3992195 3593175 3593175 165286055

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 38.15 37 35 36 34 32
Foreign Exchange Reserves (USD Million) 6362.00 6800 6900 7000 7100 7100
Banks Balance Sheet (VEF Million) 1830451445.50 1820000000 1790000000 1760000000 1700000000 1560000000
Deposit Interest Rate (%) 36.00 23.85 22.85 20.85 21.85 19.85
Central Bank Balance Sheet (VES Thousand) 19285269.44 11900000 11700000 11500000 11300000 10000000

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 5680.00 4500 4800 4700 -2750 4800
Current Account (USD Million) 2533.00 2100 1900 1700 1500 1500
Current Account to GDP (%) 9.80 -2.2 -2.2 -2.2 -2.2 -2.5
Imports (USD Million) 2497.00 2500 2800 3000 3100 3600
Exports (USD Million) 8627.00 7300 7500 7700 7900 8100
Crude Oil Production (BBL/D/1K) 484.00 800 750 850 900 875
Foreign Direct Investment (USD Million) 105.00 -4000 -4500 -4300 -4100 -4100

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 23.00 60 60 60 60 65
Government Budget (% of GDP) -29.90 -50 -50 -50 -50 -55
Government Spending (VEF Million) 1286.00 1870 772 836 1664 1664
Military Expenditure (USD Million) 465.00 700 700 700 650 650

Taxes Actual Q1 Q2 Q3 Q4 2022
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 Q1 Q2 Q3 Q4 2022
Industrial Production (%) -20.60 -48 -44 -41 -38 -38
Changes in Inventories (VEF Million) -543.00 -650 -720 -800 -900 -700

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 66.00 60 59 58 58 54
Retail Sales Mom (%) -29.60 -22 -18 -15 -10 -20
Retail Sales YoY (%) -53.50 -69 -62 -55 -50 -35
Consumer Spending (VEF Million) 3819.00 6965 2291 2482 6198 6198
Private Sector Credit (VEF Million) 59180415.50 59100000 58800000 58500000 57800000 56000000


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.