Venezuela Public Consumption: % of GDP

1950 - 2017 | Yearly | % | CEIC Data

Key information about Venezuela Public Consumption: % of GDP

  • Venezuela Public Consumption accounted for 9.0 % of its Nominal GDP in Dec 2017, compared with a share of 9.3 % in the previous year.
  • Venezuela Public Consumption share of Nominal GDP ratio is updated yearly, available from Dec 1950 to Dec 2017, with an average number of 12.5 %.
  • The data reached an all-time high of 15.0 % in Dec 1981 and a record low of 5.0 % in Dec 1996.

CEIC calculates Government Consumption as % of Nominal GDP from annual Government Consumption Expenditure and annual Nominal GDP. The Central Bank of Venezuela provides Government Consumption Expenditure in local currency and Nominal GDP in local currency. Government Consumption as % of Nominal GDP prior to 1997 is sourced from the International Monetary Fund.


Related information about Venezuela Public Consumption: % of GDP

  • 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 640,750.5 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.
  • Private Consumption accounted for 100.5 % in Dec 2017.

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

Venezuela Public Consumption: % of GDP

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

Venezuela Public Consumption accounted for 9.0 % of its Nominal GDP in Dec 2017, compared with a share of 9.3 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
9.0 2017 9.3 2016 5.0 1996 15.0 1981 % yearly 1950 - 2017

Public Consumption: % of GDP by Country Comparison

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Includes Public Consumption: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 9.4 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 2.3 2022 yearly 1950 - 2022
Argentina (%) 15.6 Sep 2023 quarterly Mar 1993 - Sep 2023
Armenia (%) 16.1 Dec 2023 quarterly Dec 1994 - Dec 2023
Australia (%) 20.4 Dec 2022 quarterly Sep 1959 - Dec 2022
Austria (%) 20.7 Jun 2023 quarterly Mar 1988 - Jun 2023
Azerbaijan (%) 11.8 Sep 2023 quarterly Mar 2001 - Sep 2023
Bahrain (%) 15.8 2021 yearly 1975 - 2021
Bangladesh (%) 5.7 2022 yearly 1973 - 2022
Belarus (%) 15.5 Sep 2023 quarterly Mar 1994 - Sep 2023
Belgium (%) 24.5 Dec 2023 quarterly Mar 1980 - Dec 2023
Bolivia (%) 20.7 Sep 2023 quarterly Mar 1990 - Sep 2023
Bosnia and Herzegovina (%) 17.1 Sep 2023 quarterly Mar 2008 - Sep 2023
Botswana (%) 30.2 Sep 2023 quarterly Mar 2006 - Sep 2023
Brazil (%) 21.0 Dec 2023 quarterly Mar 1996 - Dec 2023
Brunei (%) 17.6 Sep 2022 quarterly Mar 2004 - Sep 2022
Bulgaria (%) 20.8 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 7.4 2022 yearly 1993 - 2022
Canada (%) 21.2 Dec 2023 quarterly Mar 1961 - Dec 2023
Chile (%) 15.3 Sep 2023 quarterly Mar 1996 - Sep 2023
China (%) 15.9 2021 yearly 1952 - 2021
Colombia (%) 18.2 Dec 2023 quarterly Mar 2005 - Dec 2023
Croatia (%) 24.3 Dec 2023 quarterly Mar 1995 - Dec 2023
Cyprus (%) 22.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Czech Republic (%) 22.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 22.5 Dec 2023 quarterly Mar 1990 - Dec 2023
Ecuador (%) 14.0 Sep 2023 quarterly Mar 1991 - Sep 2023
Egypt (%) 8.1 Jun 2023 quarterly Sep 2001 - Jun 2023
Estonia (%) 23.5 Dec 2023 quarterly Mar 1993 - Dec 2023
European Union (%) 20.4 Sep 2023 quarterly Mar 1995 - Sep 2023
Finland (%) 23.8 Dec 2022 quarterly Mar 1975 - Dec 2022
France (%) 23.5 Dec 2023 quarterly Mar 1980 - Dec 2023
Georgia (%) 12.2 Sep 2023 quarterly Mar 1996 - Sep 2023
Germany (%) 22.6 Dec 2023 quarterly Mar 1991 - Dec 2023
Ghana (%) 6.7 2022 yearly 2006 - 2022
Greece (%) 19.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Hong Kong SAR, China (%) 13.7 Dec 2022 quarterly Mar 1973 - Dec 2022
Hungary (%) 19.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Iceland (%) 27.5 Dec 2023 quarterly Mar 1995 - Dec 2023
India (%) 8.5 Dec 2023 quarterly Jun 1996 - Dec 2023
Indonesia (%) 9.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Iran (%) 12.0 Jun 2023 quarterly Jun 1988 - Jun 2023
Ireland (%) 11.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Israel (%) 26.9 Dec 2023 quarterly Mar 1995 - Dec 2023
Italy (%) 19.6 Dec 2023 quarterly Mar 1980 - Dec 2023
Ivory Coast (%) 10.1 2022 yearly 1960 - 2022
Japan (%) 20.4 Mar 2023 quarterly Mar 1980 - Mar 2023
Jordan (%) 18.4 2022 yearly 1963 - 2022
Kazakhstan (%) 8.7 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 12.3 2022 yearly 1960 - 2022
South Korea (%) 17.6 Dec 2023 quarterly Mar 1960 - Dec 2023
Kosovo (%) 13.0 Dec 2022 quarterly Mar 2010 - Dec 2022
Kuwait (%) 25.2 2019 yearly 1962 - 2019
Kyrgyzstan (%) 17.9 Dec 2022 quarterly Mar 2000 - Dec 2022
Laos (%) 14.0 2016 yearly 2000 - 2016
Latvia (%) 19.5 Jun 2023 quarterly Mar 1992 - Jun 2023
Lebanon (%) 15.7 2020 yearly 1990 - 2020
Lithuania (%) 20.1 Dec 2023 quarterly Mar 1993 - Dec 2023
Luxembourg (%) 18.0 Jun 2023 quarterly Mar 1995 - Jun 2023
Macau SAR, China (%) 14.6 Dec 2023 quarterly Mar 1998 - Dec 2023
North Macedonia (%) 16.5 Jun 2023 quarterly Mar 2000 - Jun 2023
Malawi (%) 13.9 2019 yearly 1960 - 2019
Malaysia (%) 14.5 Dec 2023 quarterly Mar 1991 - Dec 2023
Malta (%) 18.8 Dec 2023 quarterly Mar 1992 - Dec 2023
Mauritius (%) 13.9 Sep 2023 quarterly Mar 1999 - Sep 2023
Mexico (%) 10.9 Sep 2023 quarterly Mar 1993 - Sep 2023
Moldova (%) 13.8 Sep 2023 quarterly Mar 1995 - Sep 2023
Mongolia (%) 20.1 Dec 2022 quarterly Mar 2010 - Dec 2022
Montenegro (%) 13.8 Sep 2022 quarterly Mar 2010 - Sep 2022
Morocco (%) 19.7 Jun 2023 quarterly Mar 2007 - Jun 2023
Mozambique (%) 16.7 2022 yearly 1963 - 2022
Nepal (%) 5.4 2023 yearly 1975 - 2023
Netherlands (%) 24.3 Mar 2023 quarterly Mar 1977 - Mar 2023
New Zealand (%) 21.4 Sep 2023 quarterly Jun 1987 - Sep 2023
Nigeria (%) 4.4 2022 yearly 1981 - 2022
Norway (%) 21.4 Dec 2023 quarterly Mar 1978 - Dec 2023
Oman (%) 17.9 2022 yearly 1980 - 2022
Pakistan (%) 9.7 2023 yearly 1960 - 2023
Palestinian Territory (%) 21.7 Sep 2023 quarterly Mar 2011 - Sep 2023
Panama (%) 13.7 2021 yearly 1996 - 2021
Paraguay (%) 12.0 Sep 2023 quarterly Mar 1994 - Sep 2023
Peru (%) 14.9 Dec 2023 quarterly Mar 1980 - Dec 2023
Philippines (%) 13.8 Dec 2022 quarterly Mar 1981 - Dec 2022
Poland (%) 20.1 Dec 2023 quarterly Mar 1995 - Dec 2023
Portugal (%) 20.4 Dec 2022 quarterly Mar 1995 - Dec 2022
Qatar (%) 13.1 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 14.6 Dec 2023 quarterly Mar 1995 - Dec 2023
Russia (%) 17.5 Dec 2022 quarterly Mar 1993 - Dec 2022
Saudi Arabia (%) 21.8 Jun 2023 quarterly Mar 2003 - Jun 2023
Serbia (%) 16.2 Jun 2023 quarterly Mar 1995 - Jun 2023
Singapore (%) 10.2 2023 yearly 1960 - 2023
Slovakia (%) 24.6 Dec 2022 quarterly Mar 1990 - Dec 2022
Slovenia (%) 18.9 Sep 2023 quarterly Mar 1995 - Sep 2023
South Africa (%) 19.8 Dec 2023 quarterly Mar 1960 - Dec 2023
Spain (%) 19.2 Mar 2023 quarterly Mar 1980 - Mar 2023
Sri Lanka (%) 5.9 Mar 2023 quarterly Mar 2010 - Mar 2023
Sudan (%) 17.9 2022 yearly 1960 - 2022
Sweden (%) 25.8 Dec 2022 quarterly Mar 1980 - Dec 2022
Switzerland (%) 11.4 Dec 2023 quarterly Mar 1980 - Dec 2023
Syria (%) 10.9 2021 yearly 1963 - 2021

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Venezuela Key Series

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Includes 185 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 (VED bn) 77.122 2022 yearly 2018 - 2022
Forecast: Government Net Debt (VED bn) 1,025.990 2022 yearly 2018 - 2022
Forecast: Government Revenue (VED bn) 38.363 2022 yearly 2019 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 14.278 2024 yearly 1983 - 2024
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) 42,334.950 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 1,928.464 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 3,700.976 2022 yearly 1995 - 2022
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) 381,424.669 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 162,048.898 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 360.131 Oct 2023 monthly Jan 1981 - Oct 2023
Total Imports from USA (USD mn) 163.984 Oct 2023 monthly Jan 1981 - Oct 2023
Total Exports to China (USD mn) 30.533 Nov 2023 monthly Jan 2000 - Nov 2023
Total Imports from China (USD mn) 439.423 Nov 2023 monthly Jan 2000 - Nov 2023
Exports: ytd: Netherlands (USD mn) 210.219 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Mexico (USD mn) 31.886 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Transportation (USD mn) 143.917 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Metal (USD mn) 227.068 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: Ecuador (USD mn) 8.988 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Colombia (USD mn) 240.059 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: Electrical Equipment (USD mn) 19.331 Oct 2014 monthly Jan 1998 - Oct 2014
Exports: ytd: United States (USD mn) 647.531 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Colombia (USD mn) 1,758.351 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Mineral (USD mn) 1,074.772 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: Brazil (USD mn) 3,405.413 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: Plastic and Manufacturing Product (USD mn) 1,562.038 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: Germany (USD mn) 862.891 Oct 2014 monthly Jan 1998 - Oct 2014
Imports: ytd: China (USD mn) 4,614.360 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: Paper (USD mn) 610.290 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 (USD mn) 581.000 Mar 2019 quarterly Mar 1997 - Mar 2019
Foreign Portfolio Investment: % of GDP (%) -0.0 2017 yearly 1997 - 2017
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 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) 3.318 2024 yearly 1980 - 2024
Net International Investment Position (USD mn) 110,721.000 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: Financial Account (USD mn) -1,617.000 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: Portfolio Investment: Liabilities (USD mn) 581.000 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: Direct Investment (USD mn) -129.000 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: Reserves: Assets (USD mn) -325.000 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: Financial Account: Portfolio Investment: Assets (USD mn) 4.000 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
Balance of Payments: Net Errors and Omissions (USD mn) -620.000 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: Public: Total (USD mn) 91,514.000 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) 6.427 Mar 2023 monthly Jan 2004 - Mar 2023
Money Supply M1 (USD mn) 1,956.221 Jan 2024 monthly Jan 1996 - Jan 2024
Money Supply M2 (USD mn) 1,959.989 Jan 2024 monthly Jan 1996 - Jan 2024
M2 Growth (%) 213.7 Jan 2024 monthly Jan 1997 - Jan 2024
Reserve Requirement Ratio (%) 73.0 Feb 2024 monthly Jan 2004 - Feb 2024
Foreign Exchange Reserves (USD mn) 9,775.0 Nov 2023 monthly Dec 1961 - Nov 2023
Foreign Exchange Reserves: % of GDP (%) 0.048 2017 yearly 1995 - 2017
Foreign Exchange Reserves: Months of Import (NA) 7.0 Nov 2023 monthly Jan 1981 - Nov 2023
Gold Reserves (USD mn) 3,849.365 Jan 2024 monthly Dec 1950 - Jan 2024
Total Deposits (USD mn) 159.256 Mar 2023 monthly Jan 2005 - Mar 2023
Total Deposits Growth (%) 344.5 Mar 2023 monthly Jan 2006 - Mar 2023
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) 27.5 Mar 2023 monthly Jan 2004 - Mar 2023
Total Loans (USD mn) 881.730 Mar 2023 monthly Jan 2004 - Mar 2023
Total Loans Growth (%) 1,260.58 Mar 2023 monthly Jan 2005 - Mar 2023
Private Debt: % of Nominal GDP (%) 39.51 2014 yearly 1960 - 2014

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