Venezuela Private Consumption: % of GDP

Key information about 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 23.0 %.
• The data reached an all-time high of 32.7 % in Dec 2014 and a record low of 18.2 % in Dec 2018.

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.


Related information about Venezuela Private Consumption: % of GDP

• In the latest reports, Venezuela GDP contracted 26.8 % YoY in Mar 2019.
• Its Nominal GDP reached 20,139.5 USD bn in Dec 2017.
• Venezuela GDP Per Capita reached 640,750.5 USD in Dec 2017.
• Its Gross Savings Rate was measured at -17.8 % in Dec 2017.

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

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

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. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
100.5 2017	85.8 2016	18.2 2018	32.7 2014	%	yearly	1950 - 2017

Private Consumption: % of GDP by Country Comparison

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