Markets Actual Q3 Q4 Q1 Q2 2023
Currency 5.54 5.61 5.71 5.8 5.9 6.1
Stock Market (points) 6624.03 6216 5878 5560 5258 4702
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) -1.50 1.5 1.5 1.5 1.5 1.5
Unemployment Rate (%) 6.40 15 15 13 13 13
Inflation Rate (%) 167.15 200 250 200 150 150
Inflation Rate Mom (%) 6.50 2.2 1.9 1.5 2.1 3
Interest Rate (%) 56.18 35 35 25 25 25
Balance of Trade (USD Million) 5680.00 -2750 4500 4500 4500 4700
Current Account (USD Million) 2533.00 1100 800 800 800 800
Current Account to GDP (% of GDP) -3.50 -4 -4 -4 -4 -4
Government Debt to GDP (% of GDP) 350.00 360 365 365 365 340
Government Budget (% of GDP) -4.50 -5 -5 -5 -5 -5
Retail Sales Mom (%) -29.60 -15 -20 -20 -20 -20
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 2023
GDP Annual Growth Rate (%) -1.50 1.5 1.5 1.5 1.5 1.5
GDP (USD Billion) 106.36 150 150 200 200 200
GDP per capita (USD) 14025.36 9500 9000 9000 9000 9000

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 6.40 15 15 13 13 13
Employed Persons 15011108.00 13200000 13000000 13000000 13000000 13000000
Unemployed Persons 1018421.00 1400000 1300000 1300000 1300000 1180000
Minimum Wages (VEF/Month) 12600000.00 12600000 12600000 12600000 12600000 12600000
Population (Million) 32.98 33.37 33.37 33.75 33.75 33.75
Employment Rate (%) 93.65 90.7 90.7 90.7 90.7 92

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 167.15 200 250 200 150 150
Inflation Rate Mom (%) 6.50 2.2 1.9 1.5 2.1 3
Consumer Price Index CPI (million points) 3194057.16 3457596 6207083 9021279 8612107 22553197
Food Inflation (%) 154.60 250 250 150 110 150
CPI Transportation (thousand points) 3841426731.66 3925938120 4000530944 4060538908 4145810225 4270184532

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 56.18 35 35 25 25 25
Money Supply M0 (VES Million) 4.97 505000000 494000000 494000000 494000000 480000000
Money Supply M1 (VES Million) 7999.96 680000000 640000000 640000000 640000000 70500000
Money Supply M2 (VES Million) 8021.06 117649621 120686442 120686442 120686442 111686497
Money Supply M3 (VES Million) 8021.06 105000000 105000000 105000000 105000000 115778740
Foreign Exchange Reserves (USD Million) 10523.00 11011 11064 11117 11224 11277
Banks Balance Sheet (VES Thousand) 30248191.00 30440469 30512573 30584677 30656781 30800989
Deposit Interest Rate (%) 36.00 29.82 14.82 14.82 4.82 4.82
Central Bank Balance Sheet (VES Thousand) 213695217.11 226370391 228004484 229638577 231272671 234540857

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 5680.00 -2750 4500 4500 4500 4700
Current Account (USD Million) 2533.00 1100 800 800 800 800
Current Account to GDP (% of GDP) -3.50 -4 -4 -4 -4 -4
Imports (USD Million) 2497.00 2900 3400 3400 3400 3400
Exports (USD Million) 8627.00 7400 8100 8100 8100 8300
External Debt (USD Million) 0.00 421 421 421 421 421
Crude Oil Production (BBL/D/1K) 735.00 1200 1100 1100 1100 1000
Foreign Direct Investment (USD Million) 105.00 -5000 -4700 -4700 -4700 -4700

Government Actual Q3 Q4 Q1 Q2 2023
Government Debt to GDP (% of GDP) 350.00 360 365 365 365 340
Government Budget (% of GDP) -4.50 -5 -5 -5 -5 -5
Military Expenditure (USD Million) 0.41 650 650 650 650 650

Taxes Actual Q3 Q4 Q1 Q2 2023
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 (%) 23.00 24.5 24.5 24.5 24.5 24.5
Social Security Rate For Companies (%) 17.00 19 19 19 19 19
Social Security Rate For Employees (%) 6.00 5.5 5.5 6 6 6

Business Actual Q3 Q4 Q1 Q2 2023
Industrial Production (%) -20.60 -26 -35 -35 -35 -35

Consumer Actual Q3 Q4 Q1 Q2 2023
Retail Sales Mom (%) -29.60 -15 -20 -20 -20 -20
Retail Sales YoY (%) -53.50 -43 -35 -35 -35 -28
Consumer Spending (VEF Million) 3819.00 3876 3876 3876 3876 3934
Private Sector Credit (VES Thousand) 29795.47 2686059 3055679 3425299 3425299 4657367


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Venezuela Forecast - was last updated on Wednesday, July 6, 2022.