Nomad Watch
VE

Venezuela

VE · VEN · #32 · 11 cities

Nomad score 43/100 Compare

Key indicators

GDP per capita (PPP) (2011)
$21,283
GDP (2027)
$117.9B
GDP growth (2027)
6.0% ↑
Inflation (2017)
438.1% ↑
Unemployment (2025)
5.3% ↓
Population (2025)
28.5M
Population growth (2025)
0.4% ↑
Gini index (2006)
44.7
Current account (2016)
-3.4% of GDP
FDI inflows (2024)
$1.6B
Life expectancy (2024)
72.7 yrs
Health spending (2023)
3.8% of GDP
Internet users (2024)
76.7%
Mobile subscriptions (2024)
71.0/100
Trade openness (2025)
25.0% of GDP
Exchange rate (2017)
9.98/USD
Foreign reserves (2017)
$9.8B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2027.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Current account (2016)
-3.4% of GDP
FDI inflows (2024)
$1.6B

Income inequality (Gini)

Gini index (2006)
0.45
Assessment
High inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

Services sector (2011)
0.0% of GDP

Financial access and costs

ATMs per 100k (2015)
47.5
Bank branches per 100k (2015)
16.2
ICT service exports (2016)
5.0%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2027 * $117.9B - 6.0% - - - - - - - - - - -
2026 * $111.3B - 4.0% - - - - - - - - - - -
2025 $99.7B - 1.5% - 5.3% 28.5M - - - - - - - -
2024 $120.6B - 5.3% - 5.3% 28.4M - - - $1.6B 72.7 - 76.7% -
2023 $102.4B - 4.0% - 5.4% 28.3M - - - $13.0M 72.5 3.8% 76.3% -
2022 $89.0B - 8.0% - 5.7% 28.2M - - - $2.3B 72.6 4.6% 75.8% -
2021 $56.6B - 1.0% - 7.0% 28.2M - - - $1.2B 71.5 4.1% 74.1% -
2020 $42.8B - -30.0% - 7.5% 28.4M - - - $1.5B 72.4 4.1% 72.4% -
2019 $73.0B - -27.7% - 5.9% 28.9M - - - $564.0M 72.8 2.2% 49.1% -
2018 $102.0B - -19.7% - 5.5% 29.8M - - - $622.0M 72.6 2.4% - -
2017 $115.9B - -15.7% 438.1% 5.1% 30.6M - - - -$299.0M 71.9 - - 9.98
2016 $112.9B - -17.0% 254.9% 5.3% 30.8M - - -3.4% $1.6B 72.0 - 60.0% 9.26
2015 $125.4B - -6.2% 121.7% 6.1% 30.6M - - -12.8% $3.0B 73.0 - 58.0% 6.28
2014 $214.7B - -3.9% 62.2% 6.8% 30.3M - - 2.3% $1.1B 72.8 - 57.0% 6.28
2013 $258.9B - 1.3% 40.6% 7.5% 29.9M - - 1.8% $2.1B 73.1 - 54.9% 6.05
2012 $372.6B - 5.6% 21.1% 6.6% 29.6M - - 0.7% $5.0B 73.1 - 49.1% 4.29
2011 $316.5B $21,283 4.2% 26.1% 6.9% 29.2M - - 5.2% $5.9B 73.1 - 40.2% 4.29
2010 $318.3B $20,286 -1.5% 28.2% 7.1% 28.8M - - 1.4% $1.6B 73.1 - 37.4% 2.58
2009 $268.6B $20,634 -3.2% 26.0% 6.1% 28.4M - - 0.1% -$1.1B 72.8 - 32.7% 2.15
2008 $306.8B $21,448 5.3% 31.4% 6.3% 28.1M - - 9.9% $2.1B 72.6 - 25.9% 2.15
2007 $232.9B $20,292 8.8% 18.7% 7.3% 27.6M - - 5.8% $4.4B 73.4 - 20.8% 2.15
2006 $178.5B $18,441 9.9% 13.7% 8.6% 27.2M 44.7 - 14.4% $198.0M 73.0 - 15.2% 2.15
2005 $143.4B $16,546 10.3% 16.0% 10.7% 26.8M 49.3 - 17.5% $2.5B 73.1 - 12.6% 2.09
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

Continue exploring Venezuela