Labor force | 11.548 million (2023 est.) |
---|---|
Industrial production growth rate | -5.84% (2014 est.) |
Industries | agricultural products, livestock, raw materials, machinery and equipment, transport equipment, construction materials, medical equipment, pharmaceuticals, chemicals, iron and steel products, crude oil and petroleum products |
Population below poverty line | 33.1% (2015 est.) |
Taxes and other revenues | 44.2% (of GDP) (2017 est.) |
Fiscal year | |
Exchange rates | |
Currency | bolivars (VEB) per US dollar - |
Exchange rates 2017 | 9.975 (2017 est.) |
Exchange rates 2016 | 9.257 (2016 est.) |
Exchange rates 2015 | 6.284 (2015 est.) |
Exchange rates 2014 | 6.284 (2014 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2017 | $9.794 billion (2017 est.) |
Reserves of foreign exchange and gold 2016 | $10.15 billion (2016 est.) |
Reserves of foreign exchange and gold 2015 | $15.625 billion (2015 est.) |
Current account balance | |
Current account balance 2016 | -$3.87 billion (2016 est.) |
Current account balance 2015 | -$16.051 billion (2015 est.) |
Public debt | |
Public debt 2017 | 38.9% of GDP (2017 est.) |
Budget | |
Revenues | $30 million (2017 est.) |
Expenditures | $76 million (2017 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2014 | 0.03% of GDP (2014 est.) |
Average household expenditures | |
On food | 18.4% of household expenditures (2022 est.) |
On alcohol and tobacco | 3.8% of household expenditures (2022 est.) |
Imports | |
Imports 2018 | $18.432 billion (2018 est.) |
Imports 2017 | $18.376 billion (2017 est.) |
Imports 2016 | $25.81 billion (2016 est.) |
Imports (partners) | China 31%, US 23%, Brazil 14%, Colombia 7%, Turkey 4% (2022) |
Comodities Imports force | soybean oil, wheat, soybean meal, corn, plastic products (2022) |
Exports | |
Imports 2018 | $18.432 billion (2018 est.) |
Imports 2017 | $18.376 billion (2017 est.) |
Imports 2016 | $25.81 billion (2016 est.) |
Exports (partners) | China 16%, Turkey 14%, Spain 12%, US 10%, Brazil 8% (2022) |
Comodities Exports force | scrap iron, petroleum coke, crude petroleum, acyclic alcohols, aluminum (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2018 | $269.068 billion (2018 est.) |
Real GDP (purchasing power parity) 2017 | $334.751 billion (2017 est.) |
GDP (official exchange rate) | $482.359 billion (2014 est.) |
Real GDP Per capita | |
Real GDP per capita 2018 | $7,704 (2018 est.) |
Real GDP per capita 2017 | $9,417 (2017 est.) |
GDP - composition, by sector of origin | |
Agriculture | 5% (2014 est.) |
Industry | 37.2% (2014 est.) |
Services | 51.7% (2014 est.) |
GDP - composition, by end use | |
Household consumption | 75.3% (2014 est.) |
Government consumption | 14.6% (2014 est.) |
Investment in fixed capital | 21.6% (2014 est.) |
Investment in inventories | 3.2% (2014 est.) |
Exports of goods and services | 16.7% (2014 est.) |
Imports of goods and services | -31.4% (2014 est.) |
Unemployment rate | |
Unemployment rate 2023 | 5.53% (2023 est.) |
Unemployment rate 2022 | 5.75% (2022 est.) |
Unemployment rate 2021 | 7.03% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 10.8% (2023 est.) |
Male | 9.5% (2023 est.) |
Female | 14.1% (2023 est.) |
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