Markets Actual Q4 Q1 Q2 Q3 2021
Stock Market (points) 891463.56 777089 677423 590505 514731 363182
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -26.80 -40 -35 -36 -37 -37
Unemployment Rate (%) 6.40 9.8 10.3 10.5 10.7 10.5
Inflation Rate (%) 1813.10 2500 2700 2900 3100 3500
Inflation Rate Mom (%) 27.90 25 27 24 21 27
Interest Rate (%) 38.76 36 37 37 38 39
Balance of Trade (USD Million) 5680.00 4500 4800 4700 4700 4800
Current Account (USD Million) 2533.00 2300 2100 1900 1700 1500
Current Account to GDP (%) 9.80 -1.7 -2.2 -2.2 -2.2 -2.2
Government Debt to GDP (%) 23.00 50 60 60 60 60
Government Budget (% of GDP) -29.90 -40 -50 -50 -50 -50
Consumer Confidence (points) 66.00 62 60 59 58 58
Retail Sales Mom (%) -29.60 -28 -22 -18 -15 -10
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -26.80 -40 -35 -36 -37 -37
GDP (USD Billion) 482.36 250 240 240 240 240
Gross Fixed Capital Formation (VEF Million) 347.00 2191 208 226 222 1950
GDP per capita (USD) 14025.36 10000 9500 9500 9500 9500

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 6.40 9.8 10.3 10.5 10.7 10.5
Employed Persons 15011108.00 13800000 13600000 13400000 13100000 12800000
Unemployed Persons 1018421.00 1200000 1200000 1228000 1280000 1350000
Minimum Wages (VEF/Month) 400000.00 450000 550000 550000 550000 750000
Population (Million) 32.22 32.63 32.63 32.63 32.63 33.03
Employment Rate (%) 93.65 92.2 92 91.7 91.3 91

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 1813.10 2500 2700 2900 3100 3500
Inflation Rate Mom (%) 27.90 25 27 24 21 27
Consumer Price Index CPI (points) 79061685127.00 9900 9900 9900 9900 9900
Core Consumer Prices (points) 594.30 16046 16640 18423 19018 565774
Core Inflation Rate (%) 60.30 2700 3000 3100 3300 3300
Food Inflation (%) 1692.50 2400 2560 2700 2800 3300
CPI Transportation (points) 79988086540.40 4989745 3992195 3593175 3593175 165286055

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 38.76 36 37 37 38 39
Foreign Exchange Reserves (USD Million) 6429.00 6700 6800 6900 7000 7100
Banks Balance Sheet (VEF Million) 1830451445.50 1860000000 1820000000 1790000000 1760000000 1700000000
Deposit Interest Rate (%) 24.00 18 21.02 22.02 22.02 23.02
Central Bank Balance Sheet (VES Thousand) 19285269.44 12000000 11900000 11700000 11500000 11300000

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) 5680.00 4500 4800 4700 4700 4800
Current Account (USD Million) 2533.00 2300 2100 1900 1700 1500
Current Account to GDP (%) 9.80 -1.7 -2.2 -2.2 -2.2 -2.2
Imports (USD Million) 2497.00 2500 2500 2800 3000 3100
Exports (USD Million) 8627.00 7000 7300 7500 7700 7900
Crude Oil Production (BBL/D/1K) 397.00 450 800 750 850 900
Foreign Direct Investment (USD Million) 105.00 -4000 -4000 -4500 -4300 -4100

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 23.00 50 60 60 60 60
Government Budget (% of GDP) -29.90 -40 -50 -50 -50 -50
Government Spending (VEF Million) 1286.00 1870 772 836 823 1664
Military Expenditure (USD Million) 465.00 700 700 700 700 650

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2021
Industrial Production (%) -20.60 -50 -48 -44 -41 -38
Changes in Inventories (VEF Million) -543.00 -550 -650 -720 -800 -900

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 66.00 62 60 59 58 58
Retail Sales Mom (%) -29.60 -28 -22 -18 -15 -10
Retail Sales YoY (%) -53.50 -72 -69 -62 -55 -50
Consumer Spending (VEF Million) 3819.00 6965 2291 2482 2444 6198
Private Sector Credit (VEF Million) 59180415.50 59300000 59100000 58800000 58500000 57800000


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.