Markets Actual Q2 Q3 Q4 Q1 2021
Stock Market (points) 323765.90 264723 230770 201161 175348 123721
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) -26.80 -30 -31 -33 -35 -37
Unemployment Rate (%) 6.40 8.1 9 9.8 10.3 10.5
Inflation Rate (%) 2430.60 52000 57000 59000 62000 72000
Inflation Rate Mom (%) 13.30 35 38 40 45 70
Interest Rate (%) 39.70 20 20 19.5 19 18.5
Balance of Trade (USD Million) 5680.00 4700 5000 5300 5300 5200
Current Account (USD Million) 2533.00 1700 1500 1300 1300 1000
Current Account to GDP (%) 9.80 -1.7 -1.7 -1.7 -2.2 -2.2
Government Debt to GDP (%) 23.00 50 50 50 60 60
Government Budget (% of GDP) -29.90 -40 -40 -40 -50 -50
Consumer Confidence (points) 74.00 57 60 62 60 58
Retail Sales Mom (%) -29.60 -30 -33 -35 -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 Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) -26.80 -30 -31 -33 -35 -37
GDP (USD Billion) 280.00 294 300 300 270 270
Gross Fixed Capital Formation (VEF Million) 347.00 243 239 232 226 146
GDP per capita (USD) 16054.49 10000 10000 10000 9500 9500
GDP per capita PPP (USD) 17131.39 16299 16299 4500 16299 4000

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 6.40 8.1 9 9.8 10.3 10.5
Employed Persons 15011108.00 14300000 14000000 13800000 13800000 12800000
Unemployed Persons 1018421.00 1160000 1180000 1200000 1200000 1350000
Minimum Wages (VEF/Month) 250000.00 250000 350000 450000 550000 950000
Population (Million) 32.22 32.23 32.23 32.63 32.63 33.03
Employment Rate (%) 93.65 92.6 92.4 92.2 92.2 90

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 2430.60 52000 57000 59000 62000 72000
Inflation Rate Mom (%) 13.30 35 38 40 45 70
Consumer Price Index CPI (points) 36672660863.30 9000 9000 9900 9900 9900
Core Consumer Prices (points) 594.30 1116 1116 1010 1010 1414
Core Inflation Rate (%) 60.30 3700000 3800000 4000000 4000000 1200000
Food Inflation (%) 1972.00 50000 53000 55000 60000 76000
CPI Transportation (points) 19918538930.00 4989745 3992195 3593175 3593175 165286055

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 39.70 20 20 19.5 19 18.5
Foreign Exchange Reserves (USD Million) 6432.00 8000 8000 7900 7900 7600
Deposit Interest Rate (%) 24.00 23.73 22.23 18 21.73 21.23

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) 5680.00 4700 5000 5300 5300 5200
Current Account (USD Million) 2533.00 1700 1500 1300 1300 1000
Current Account to GDP (%) 9.80 -1.7 -1.7 -1.7 -2.2 -2.2
Imports (USD Million) 2497.00 3000 2900 2600 2600 2500
Exports (USD Million) 8627.00 7700 7900 7900 7900 7700
Crude Oil Production (BBL/D/1K) 737.00 1100 1200 1100 1000 1250
Foreign Direct Investment (USD Million) 105.00 -3200 -3500 -4000 -4000 -4000

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 23.00 50 50 50 60 60
Government Budget (% of GDP) -29.90 -40 -40 -40 -50 -50
Government Spending (VEF Million) 1286.00 900 887 862 836 543
Military Expenditure (USD Million) 465.00 700 700 700 700 650

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34
Sales Tax Rate (%) 16.00 16 16 16 16 16
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 Q2 Q3 Q4 Q1 2021
Industrial Production (%) -20.60 -45 -48 -50 -50 -45
Changes in Inventories (VEF Million) -543.00 450 450 450 450 268

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 74.00 57 60 62 60 58
Retail Sales Mom (%) -29.60 -30 -33 -35 -35 -28
Retail Sales YoY (%) -53.50 -65 -70 -72 -72 -75
Consumer Spending (VEF Million) 3819.00 2673 2635 2559 2482 1612
Private Sector Credit (VEF Million) 13141315.00 2800000000 2800000000 25886632339 25886632339 29929635610


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.