Markets Actual Q1 Q2 Q3 Q4 2020
Stock Market (points) 108272.44 85102 77835 71191 65106 54461
Currency 74487.13 248521 248521 248521 248521 248521
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -26.80 -28 -30 -31 -33 -20
Unemployment Rate (%) 6.40 7.2 7.4 7.6 7.8 8.5
Inflation Rate (%) 39113.80 49000 52000 57000 59000 72000
Inflation Rate Mom (%) 52.20 110 115 98 80 70
Interest Rate (%) 21.77 21.5 20 20 19.5 18.5
Balance of Trade (USD Million) 5680.00 4900 4700 5000 5300 5200
Current Account (USD Million) 2533.00 2000 1700 1500 1300 1000
Current Account to GDP (%) 6.00 -1.7 -1.7 -1.7 -1.7 -2.2
Government Debt to GDP (%) 23.00 50 50 50 50 60
Government Budget (% of GDP) -20.00 -40 -40 -40 -40 -50
Consumer Confidence (points) 75.00 68 66 64 62 50
Retail Sales Mom (%) -29.60 -26 -30 -33 -35 -28
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) -26.80 -28 -30 -31 -33 -20
GDP (USD Billion) 482.36 300 300 300 300 270
Gross Fixed Capital Formation (VEF Million) 347.00 250 243 239 232 186
GDP per capita (USD) 16054.49 10000 10000 10000 10000 9500
GDP per capita PPP (USD) 17131.39 4500 4500 4500 4500 4000
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 6.40 7.2 7.4 7.6 7.8 8.5
Employed Persons 15011108.00 14500000 14300000 14000000 13800000 12800000
Unemployed Persons 1018421.00 1120000 1160000 1180000 1200000 1350000
Minimum Wages (VEF/Month) 150000.00 6000000 6000000 95000000 95000000 95000000
Population (Million) 31.83 32.23 32.23 32.23 32.63 33.03
Employment Rate (%) 93.65 92.8 92.6 92.4 92.2 90
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 39113.80 49000 52000 57000 59000 72000
Inflation Rate Mom (%) 52.20 110 115 98 80 70
Consumer Price Index CPI (points) 7881012857.50 9000 9000 9000 9900 9900
Core Consumer Prices (points) 594.30 1116 1116 1010 1010 1414
Core Inflation Rate (%) 60.30 3600000 3700000 3800000 4000000 1200000
Food Inflation (%) 37852.80 45000 50000 53000 55000 76000
CPI Transportation (points) 3714282307.00 4989745 3992195 3593175 3593175 165286055
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 21.77 21.5 20 20 19.5 18.5
Foreign Exchange Reserves (USD Million) 7465.00 8200 8000 8000 7900 7600
Deposit Interest Rate (%) 24.00 23.73 22.23 22.23 21.73 21.23
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 5680.00 4900 4700 5000 5300 5200
Current Account (USD Million) 2533.00 2000 1700 1500 1300 1000
Current Account to GDP (%) 6.00 -1.7 -1.7 -1.7 -1.7 -2.2
Imports (USD Million) 2497.00 3100 3000 2900 2600 2500
Exports (USD Million) 8627.00 8000 7700 7900 7900 7700
Crude Oil Production (BBL/D/1K) 912.00 800 800 800 850 1250
Foreign Direct Investment (USD Million) 105.00 -3000 -3200 -3500 -4000 -4000
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 23.00 50 50 50 50 60
Government Budget (% of GDP) -20.00 -40 -40 -40 -40 -50
Government Spending (VEF Million) 1286.00 926 900 887 862 689
Military Expenditure (USD Million) 465.00 700 700 700 700 650
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34
Sales Tax Rate (%) 12.00 12 12 12 12 12
Social Security Rate (%) 24.50 24.5 24.5 24.5 24.5 24.5
Social Security Rate For Companies (%) 19.00 19 19 19 19 19
Social Security Rate For Employees (%) 5.50 5.5 5.5 5.5 5.5 5.5
Business Actual Q1 Q2 Q3 Q4 2020
Industrial Production (%) -20.60 -40 -45 -48 -50 -45
Changes in Inventories (VEF Million) -543.00 450 450 450 450 268
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Confidence (points) 75.00 68 66 64 62 50
Retail Sales Mom (%) -29.60 -26 -30 -33 -35 -28
Retail Sales YoY (%) -53.50 -63 -65 -70 -72 -75
Consumer Spending (VEF Million) 3819.00 2750 2673 2635 2559 2047
Private Sector Credit (VEF Million) 5338270.70 2800000000 2800000000 25886632339 25886632339 29929635610
Gasoline Prices (USD/Liter) 0.00 0 0 0 0 0


This page has economic forecasts for Venezuela including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Venezuela economy.