Venezuela recorded a Government Budget deficit equal to 3.60 percent of the country's Gross Domestic Product in 2024. Government Budget in Venezuela averaged -4.77 percent of GDP from 1990 until 2024, reaching an all time high of 7.90 percent of GDP in 1996 and a record low of -31.00 percent of GDP in 2018. source: IMF
Government Budget in Venezuela is expected to reach -2.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Government Budget is projected to trend around -3.00 percent of GDP in 2026 and -2.00 percent of GDP in 2027, according to our econometric models.