Venezuela Private Consumption: % of GDP

1950 - 2017 | Yearly | % | CEIC Data

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:

Venezuela Private Consumption: % of GDP

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

Last Previous Min Max Unit Frequency Range
100.5 2017 85.8 2016 40.0 1974 100.5 2017 % yearly 1950 - 2017

Private Consumption: % of GDP by Country Comparison

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Includes Private Consumption: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 79.7 Sep 2020 quarterly Mar 2008 - Sep 2020
Algeria (%) 43.5 2019 yearly 1950 - 2019
Argentina (%) 61.8 Sep 2020 quarterly Mar 1993 - Sep 2020
Armenia (%) 64.5 Dec 2020 quarterly Dec 1994 - Dec 2020
Australia (%) 53.1 Sep 2020 quarterly Sep 1959 - Sep 2020
Austria (%) 52.3 Sep 2020 quarterly Mar 1988 - Sep 2020
Azerbaijan (%) 60.8 Sep 2020 quarterly Mar 2001 - Sep 2020
Bahrain (%) 39.6 2018 yearly 1975 - 2018
Bangladesh (%) 68.5 2020 yearly 1960 - 2020
Belarus (%) 50.0 Sep 2020 quarterly Mar 1994 - Sep 2020
Belgium (%) 52.8 Sep 2020 quarterly Mar 1980 - Sep 2020
Bolivia (%) 65.5 Jun 2020 quarterly Mar 1990 - Jun 2020
Bosnia and Herzegovina (%) 75.8 Sep 2020 quarterly Mar 2008 - Sep 2020
Botswana (%) 53.8 Sep 2020 quarterly Mar 1994 - Sep 2020
Brazil (%) 61.7 Sep 2020 quarterly Mar 1996 - Sep 2020
Brunei (%) 25.9 Sep 2020 quarterly Mar 2004 - Sep 2020
Bulgaria (%) 60.5 Sep 2020 quarterly Mar 1995 - Sep 2020
Cambodia (%) 70.6 2018 yearly 1993 - 2018
Canada (%) 56.5 Sep 2020 quarterly Mar 1961 - Sep 2020
Chile (%) 61.9 Sep 2020 quarterly Mar 1996 - Sep 2020
China (%) 39.1 2019 yearly 1952 - 2019
Colombia (%) 70.2 Dec 2020 quarterly Mar 2005 - Dec 2020
Croatia (%) 51.3 Sep 2020 quarterly Mar 1995 - Sep 2020
Cyprus (%) 67.5 Sep 2020 quarterly Mar 1995 - Sep 2020
Czech Republic (%) 47.0 Sep 2020 quarterly Mar 1995 - Sep 2020
Denmark (%) 44.5 Sep 2020 quarterly Mar 1990 - Sep 2020
Ecuador (%) 59.7 Sep 2020 quarterly Mar 1991 - Sep 2020
Egypt (%) 91.1 Sep 2020 quarterly Sep 2001 - Sep 2020
Estonia (%) 49.3 Sep 2020 quarterly Mar 1993 - Sep 2020
European Union (%) 53.2 Sep 2020 quarterly Mar 1995 - Sep 2020
Finland (%) 52.3 Sep 2020 quarterly Mar 1975 - Sep 2020
France (%) 52.0 Dec 2020 quarterly Mar 1980 - Dec 2020
Georgia (%) 81.3 Sep 2020 quarterly Mar 1996 - Sep 2020
Germany (%) 52.3 Sep 2020 quarterly Mar 1991 - Sep 2020
Ghana (%) 69.0 2019 yearly 2006 - 2019
Greece (%) 71.3 Sep 2020 quarterly Mar 1995 - Sep 2020
Hong Kong SAR, China (%) 61.7 Sep 2020 quarterly Mar 1973 - Sep 2020
Hungary (%) 47.8 Sep 2020 quarterly Mar 1995 - Sep 2020
Iceland (%) 51.7 Sep 2020 quarterly Mar 1995 - Sep 2020
India (%) 57.9 Sep 2020 quarterly Jun 1996 - Sep 2020
Indonesia (%) 58.7 Dec 2020 quarterly Mar 1990 - Dec 2020
Iran (%) 56.1 Jun 2020 quarterly Jun 1988 - Jun 2020
Ireland (%) 26.7 Sep 2020 quarterly Mar 1995 - Sep 2020
Israel (%) 49.0 Dec 2020 quarterly Mar 1995 - Dec 2020
Italy (%) 60.0 Sep 2020 quarterly Mar 1980 - Sep 2020
Ivory Coast (%) 55.6 2016 yearly 1960 - 2016
Japan (%) 52.3 Dec 2020 quarterly Mar 1980 - Dec 2020
Jordan (%) 80.8 2019 yearly 1959 - 2019
Kazakhstan (%) 47.6 Jun 2020 quarterly Mar 1994 - Jun 2020
Kenya (%) 81.6 2019 yearly 1969 - 2019
South Korea (%) 46.1 Sep 2020 quarterly Mar 1960 - Sep 2020
Kosovo (%) 86.9 Sep 2020 quarterly Mar 2010 - Sep 2020
Kuwait (%) 39.2 2018 yearly 1962 - 2018
Kyrgyzstan (%) 64.8 Jun 2020 quarterly Mar 2000 - Jun 2020
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 57.1 Sep 2020 quarterly Mar 1995 - Sep 2020
Lebanon (%) 90.6 2018 yearly 1990 - 2018
Lithuania (%) 59.1 Sep 2020 quarterly Mar 1993 - Sep 2020
Luxembourg (%) 29.0 Sep 2020 quarterly Mar 1995 - Sep 2020
Macau SAR, China (%) 59.5 Sep 2020 quarterly Mar 1998 - Sep 2020
North Macedonia (%) 66.0 Sep 2020 quarterly Mar 2000 - Sep 2020
Malawi (%) 79.2 2019 yearly 1960 - 2019
Malaysia (%) 58.6 Dec 2020 quarterly Mar 1991 - Dec 2020
Malta (%) 48.2 Sep 2020 quarterly Mar 1992 - Sep 2020
Mauritius (%) 79.2 Sep 2020 quarterly Mar 1999 - Sep 2020
Mexico (%) 63.0 Sep 2020 quarterly Mar 1993 - Sep 2020
Moldova (%) 77.5 Sep 2020 quarterly Mar 1995 - Sep 2020
Mongolia (%) 48.4 Dec 2020 quarterly Mar 2010 - Dec 2020
Montenegro (%) 73.5 Sep 2020 quarterly Mar 2010 - Sep 2020
Morocco (%) 58.0 Sep 2020 quarterly Mar 2007 - Sep 2020
Mozambique (%) 66.7 2019 yearly 1970 - 2019
Nepal (%) 70.4 2020 yearly 1975 - 2020
Netherlands (%) 40.4 Dec 2020 quarterly Mar 1977 - Dec 2020
New Zealand (%) 58.4 Sep 2020 quarterly Jun 1987 - Sep 2020
Nigeria (%) 74.6 2019 yearly 1981 - 2019
Norway (%) 43.4 Dec 2020 quarterly Mar 1961 - Dec 2020
Oman (%) 40.6 2019 yearly 1980 - 2019
Pakistan (%) 78.5 2020 yearly 1967 - 2020
Palestinian Territory (%) 88.1 Sep 2020 quarterly Mar 2011 - Sep 2020
Panama (%) 51.4 2019 yearly 1996 - 2019
Paraguay (%) 62.6 Sep 2020 quarterly Mar 1994 - Sep 2020
Peru (%) 59.8 Dec 2020 quarterly Mar 1980 - Dec 2020
Philippines (%) 73.6 Dec 2020 quarterly Mar 1981 - Dec 2020
Poland (%) 59.9 Sep 2020 quarterly Mar 1995 - Sep 2020
Portugal (%) 62.9 Sep 2020 quarterly Mar 1995 - Sep 2020
Qatar (%) 27.5 Jun 2020 quarterly Mar 2013 - Jun 2020
Romania (%) 61.5 Sep 2020 quarterly Mar 1995 - Sep 2020
Russia (%) 48.6 Sep 2020 quarterly Mar 1993 - Sep 2020
Saudi Arabia (%) 44.3 Sep 2020 quarterly Mar 2003 - Sep 2020
Serbia (%) 68.7 Sep 2020 quarterly Mar 1996 - Sep 2020
Singapore (%) 33.0 2020 yearly 1960 - 2020
Slovakia (%) 56.2 Sep 2020 quarterly Mar 1993 - Sep 2020
Slovenia (%) 51.9 Sep 2020 quarterly Mar 1995 - Sep 2020
South Africa (%) 58.9 Sep 2020 quarterly Mar 1960 - Sep 2020
Spain (%) 54.0 Dec 2020 quarterly Mar 1980 - Dec 2020
Sri Lanka (%) 76.1 Sep 2020 quarterly Mar 2010 - Sep 2020
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 46.3 Sep 2020 quarterly Mar 1980 - Sep 2020
Switzerland (%) 52.2 Sep 2020 quarterly Mar 1967 - Sep 2020
Syria (%) 93.9 2019 yearly 1963 - 2019

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Venezuela Key Series

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Includes 193 key indicators for Venezuela, curated by CEIC analysts. Instant access to full history data in excel.
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
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) -4.289 2022 yearly 1983 - 2022
Trade Balance (USD mn) -3,437.1 Oct 2014 monthly Jan 1994 - Oct 2014
Total Exports (USD mn) 196.9 Oct 2014 monthly Jan 1994 - Oct 2014
Total Exports Growth (%) 37.5 Oct 2014 monthly Jan 1995 - Oct 2014
Aluminum: Exports (USD th) 62,702.126 2019 yearly 1995 - 2019
Exports: Medicament (USD th) 3,713.628 2019 yearly 1995 - 2019
Exports: Medicinal and Pharmaceutical Product (USD th) 7,301.376 2019 yearly 1995 - 2019
Total Imports (USD mn) 3,634.0 Oct 2014 monthly Jan 1994 - Oct 2014
Total Imports Growth (%) -12.8 Oct 2014 monthly Jan 1995 - Oct 2014
Imports: Medicament (USD th) 263,092.957 2019 yearly 1995 - 2019
Imports: Medicinal and Pharmaceutical Product (USD th) 103,351.637 2019 yearly 1995 - 2019
Total Exports to USA (USD mn) 14.853 Oct 2020 monthly Jan 1981 - Oct 2020
Total Imports from USA (USD mn) 88.507 Aug 2020 monthly Jan 1981 - Aug 2020
Total Exports to China (USD mn) 19.753 Oct 2020 monthly Jan 2000 - Oct 2020
Total Imports from China (USD mn) 149.384 Oct 2020 monthly Jan 2000 - Oct 2020
Exports: ytd: Colombia (USD mn) 240.059 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Ecuador (USD mn) 8.988 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Mexico (USD mn) 31.886 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Netherlands (USD mn) 210.219 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: United States (USD mn) 647.531 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Mineral Product (USD mn) 577.323 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Chemical Product (USD mn) 1,016.192 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Metal (USD mn) 227.068 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Electrical Equipment (USD mn) 19.331 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Transportation (USD mn) 143.917 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Brazil (USD mn) 3,405.413 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: China (USD mn) 4,614.360 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Colombia (USD mn) 1,758.351 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Germany (USD mn) 862.891 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Agricultural (Vegetal) (USD mn) 4,399.031 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: United States (USD mn) 7,699.659 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Food, Beverages and Tobacco (USD mn) 2,281.712 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Paper (USD mn) 610.290 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Plastic and Manufacturing Product (USD mn) 1,562.038 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Mineral (USD mn) 1,074.772 Oct 2014 monthly Jan 1998 - Oct 2014
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 234.0 Mar 2019 quarterly Mar 1994 - Mar 2019
Current Account Balance (USD mn) 2,533.0 Mar 2019 quarterly Mar 1994 - Mar 2019
Current Account Balance: % of GDP (%) 0.0 2017 yearly 1970 - 2017
Foreign Direct Investment (USD mn) 105.0 Mar 2019 quarterly Mar 1994 - Mar 2019
Foreign Direct Investment: % of GDP (%) -0.0 2017 yearly 1970 - 2017
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2019 quarterly Mar 1997 - Mar 2019
Foreign Portfolio Investment: % of GDP (%) -0.0 2017 yearly 1997 - 2017
Foreign Portfolio Investment (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Foreign Portfolio Investment: Debt Securities (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt (USD mn) 110,159.0 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: % of GDP (%) 0.6 2017 yearly 1997 - 2017
External Debt: Short Term (USD mn) 44,489.0 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: Short Term: % of GDP (%) 0.2 2017 yearly 1997 - 2017
Forecast: Current Account Balance (USD bn) -1.892 2022 yearly 1980 - 2022
Net International Investment Position (USD mn) 110,721.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Current Account: Income (USD mn) -1,975.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Direct Investment (USD mn) -129.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Capital Account (USD mn) 0.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Current Account: Goods (USD mn) 5,680.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account (USD mn) -1,617.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Portfolio Investment (USD mn) 585.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Portfolio Investment: Assets (USD mn) 4.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Portfolio Investment: Liabilities (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Financial Account: Other Investment (USD mn) -2,073.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Net Errors and Omissions (USD mn) -620.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Reserves: Assets (USD mn) -325.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Balance of Payments: Current Account: Services (USD mn) -1,663.000 Mar 2019 quarterly Mar 1997 - Mar 2019
International Investment Position (IIP) (USD mn) 110,721.000 Mar 2019 quarterly Mar 1997 - Mar 2019
IIP: Assets (USD mn) 220,971.000 Mar 2019 quarterly Mar 1997 - Mar 2019
IIP: Liabilities (USD mn) 110,250.000 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: Private: Total (USD mn) 18,645.000 Mar 2019 quarterly Mar 1997 - Mar 2019
External Debt: Long Term (LT) (USD mn) 65,670.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.3 Jul 2018 monthly Jan 2004 - Jul 2018
Household Debt: % of GDP (%) 3.4 2017 yearly 2004 - 2017
Non-Performing Loans (USD mn) 12.813 Jul 2020 monthly Jan 2004 - Jul 2020
Money Supply M1 (USD mn) 361.194 Jan 2021 monthly Jan 1996 - Jan 2021
Money Supply M2 (USD mn) 361.960 Jan 2021 monthly Jan 1996 - Jan 2021
M2 Growth (%) 1,238.8 Jan 2021 monthly Jan 1997 - Jan 2021
Reserve Requirement Ratio (%) 85.0 Jan 2021 monthly Jan 2004 - Jan 2021
Foreign Exchange Reserves (USD mn) 3,330.0 Aug 2019 monthly Jan 1962 - Aug 2019
Foreign Exchange Reserves: % of GDP (%) 0.009 2017 yearly 1995 - 2017
Foreign Exchange Reserves: Months of Import (NA) 0.5 Oct 2014 monthly Jan 1994 - Oct 2014
Gold Reserves (USD mn) 6,764.000 Jun 2018 monthly Dec 1950 - Jun 2018
Total Deposits Growth (%) 1,755.2 Jul 2020 monthly Jan 2006 - Jul 2020
Total Deposits (USD mn) 78.126 Jul 2020 monthly Jan 2005 - Jul 2020
Domestic Credit (USD mn) 279,943.9 Aug 2014 monthly Jan 1966 - Aug 2014
Domestic Credit Growth (%) 70.2 Aug 2014 monthly Jan 1967 - Aug 2014
Household Debt (USD mn) 10.0 Jul 2020 monthly Jan 2004 - Jul 2020
Total Loans (USD mn) 170.296 Jul 2020 monthly Jan 2004 - Jul 2020
Total Loans Growth (%) 1,242.02 Jul 2020 monthly Jan 2005 - Jul 2020
Private Debt: % of Nominal GDP (%) 39.51 2014 yearly 1960 - 2014
International Reserve: Total (USD mn) 6,362.000 Jan 2021 monthly Jan 1996 - Jan 2021

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