Venezuela Nominal GDP
Venezuela Nominal GDP reached 20,139.5 USD bn in Dec 2017, compared with 3,035.9 USD bn in the previous year. Nominal GDP in Venezuela is updated yearly, available from Dec 1995 to Dec 2017, with an average number of 183.6 USD bn. The data reached an all-time high of 20,139.5 USD bn in Dec 2017 and a record low of 70.7 USD bn in Dec 1996. CEIC converts annual Nominal GDP into USD. The Central Bank of Venezuela provides Nominal GDP in local currency based on SNA 1993 with benchmark year 1997. Federal Reserve Board average market exchange rate is used for currency conversions. Nominal GDP prior to 1997 is based on SNA 1968 with previous benchmark year 1984.
In the latest reports, Venezuela GDP contracted 26.8 % YoY in Mar 2019. Its GDP deflator (implicit price deflator) increased 748.1 % in Dec 2017. Venezuela GDP Per Capita reached 684,960.4 USD in Dec 2017. Its Gross Savings Rate was measured at -17.8 % in Dec 2017.
View Venezuela's Nominal GDP from 1995 to 2017 in the chart:
What was Venezuela's Nominal GDP in 2017?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 20,139,533.8 2017 | 3,035,878.4 2016 | 70,683.0 1996 | 20,139,533.8 2017 | USD mn | yearly | 1995 - 2017 |
Nominal GDP by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 3,216.2 Jun 2020 | quarterly | Mar 2008 - Jun 2020 |
| Algeria (USD mn) | 40,083.4 Mar 2020 | quarterly | Mar 1999 - Mar 2020 |
| Argentina (USD mn) | 87,180.6 Jun 2020 | quarterly | Mar 2004 - Jun 2020 |
| Armenia (USD mn) | 3,593.3 Sep 2020 | quarterly | Dec 1994 - Sep 2020 |
| Australia (USD mn) | 307,619.3 Jun 2020 | quarterly | Sep 1959 - Jun 2020 |
| Austria (USD mn) | 112,574.1 Sep 2020 | quarterly | Mar 1988 - Sep 2020 |
| Azerbaijan (USD mn) | 10,668.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
| Bahrain (USD mn) | 7,943.7 Jun 2020 | quarterly | Mar 2007 - Jun 2020 |
| Bangladesh (USD mn) | 329,803.7 2020 | yearly | 1960 - 2020 |
| Belarus (USD mn) | 13,789.2 Jun 2020 | quarterly | Mar 1994 - Jun 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -4.9 2012 | yearly | 1998 - 2012 |
| National Government Debt (USD mn) | 105,131.7 2016 | yearly | 1996 - 2016 |
| Government Debt: % of GDP (%) | 3.5 2016 | yearly | 1997 - 2016 |
| Forecast: Government Expenditure (VES bn) | 29,364.241 2019 | yearly | 2004 - 2019 |
| Forecast: Government Net Debt (VES bn) | 320,039.192 2019 | yearly | 2003 - 2019 |
| Forecast: Government Revenue (VES bn) | 15,616.769 2019 | yearly | 2004 - 2019 |
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