Venezuela Private Consumption: % of GDP

Venezuela Private Consumption accounted for 100.5 % of its Nominal GDP in Dec 2017, compared with a ratio of 85.8 % in the previous year. Venezuela Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1950 to Dec 2017, with an average share of 55.3 %. The data reached an all-time high of 100.5 % in Dec 2017 and a record low of 40.0 % in Dec 1974. CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. The Central Bank of Venezuela provides Private Consumption Expenditure in local currency and Nominal GDP in local currency. Private Consumption as % of Nominal GDP prior to 1997 is sourced from the International Monetary Fund.

In the latest reports, Venezuela GDP contracted 26.8 % YoY in Mar 2019. Venezuela Nominal GDP reached 20,139.5 USD bn in Dec 2017. 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. For Nominal GDP contributions, Investment accounted for -3.7 % in Dec 2017. Public Consumption accounted for 9.0 % in Dec 2017.

View Venezuela's Private Consumption: % of GDP from 1950 to 2017 in the chart:

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What was Venezuela's Private Consumption: % of GDP in 2017?

Private Consumption: % of GDP by Country Comparison

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