Markets Actual Q1 Q2 Q3 Q4 2023
Stock Market (points) 5902.32 5481 5090 4726 4389 3785
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) -26.80 -5 -5 -5 -5 2
Unemployment Rate (%) 6.40 10.2 10 10 10 9.7
Inflation Rate (%) 686.40 980 950 950 750 150
Inflation Rate Mom (%) 7.60 16 15 17 14 7
Interest Rate (%) 52.70 45 41 36 35 25
Balance of Trade (USD Million) 5680.00 -2750 4500 4500 4500 4700
Current Account (USD Million) 2533.00 1300 1100 1100 800 800
Current Account to GDP (% of GDP) -3.50 -4 -4 -4 -4 -4
Government Debt to GDP (% of GDP) 350.00 365 360 360 365 340
Government Budget (% of GDP) -29.90 -38 -35 -35 -38 -36
Consumer Confidence (points) 66.00 61 60 60 56 56
Retail Sales Mom (%) -29.60 -16 -15 -15 -20 -20
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 2023
GDP Annual Growth Rate (%) -26.80 -5 -5 -5 -5 2
GDP (USD Billion) 482.36 240 240 240 230 230
Gross Fixed Capital Formation (VEF Million) 347.00 1950 1950 295 330 280
GDP per capita (USD) 14025.36 9500 9500 9500 9000 9000

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 6.40 10.2 10 10 10 9.7
Employed Persons 15011108.00 13200000 13200000 13200000 13000000 13000000
Unemployed Persons 1018421.00 1400000 1400000 1400000 1300000 1180000
Minimum Wages (VEF/Month) 400000.00 950000 950000 950000 950000 950000
Population (Million) 32.60 33.03 33.03 33.03 33.43 33.43
Employment Rate (%) 93.65 90.7 90.7 90.7 90.7 92

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 686.40 980 950 950 750 150
Inflation Rate Mom (%) 7.60 16 15 17 14 7
Consumer Price Index CPI (million points) 2577508.25 8065267 14521904 21724791 21908820 54772050
Food Inflation (%) 1037.40 2400 2400 2400 1800 700
CPI Transportation (thousand points) 3036274389.12 3522078291 4050390035 4738956341 5402410229 5780578945

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 52.70 45 41 36 35 25
Money Supply M0 (VEF Million) 0.00 505000000 505000000 505000000 494000000 480000000
Money Supply M1 (VEF Million) 3.79 680000000 680000000 680000000 640000000 70500000
Money Supply M2 (VEF Million) 3.80 117649621 117649621 117649621 120686442 111686497
Money Supply M3 (VEF Million) 3.80 105000000 105000000 105000000 105000000 115778740
Foreign Exchange Reserves (USD Million) 10917.00 6500 6500 6500 6500 6600
Banks Balance Sheet (VEF Million) 23928830330.00 1400000000 1400000000 1400000000 1300000000 1400000000
Deposit Interest Rate (%) 36.00 28.3 24.3 19.3 18.3 18.3
Central Bank Balance Sheet (VES Thousand) 0.22 32000000 32000000 32000000 28000000 28000000

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (USD Million) 5680.00 -2750 4500 4500 4500 4700
Current Account (USD Million) 2533.00 1300 1100 1100 800 800
Current Account to GDP (% of GDP) -3.50 -4 -4 -4 -4 -4
Imports (USD Million) 2497.00 2900 2900 2900 3400 3400
Exports (USD Million) 8627.00 7400 7400 7400 8100 8300
External Debt (USD Million) 0.00 421 421 421 421 421
Crude Oil Production (BBL/D/1K) 824.00 790 1050 1200 1100 1000
Foreign Direct Investment (USD Million) 105.00 -5000 -5000 -5000 -4700 -4700

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 350.00 365 360 360 365 340
Government Budget (% of GDP) -29.90 -38 -35 -35 -38 -36
Government Spending (VEF Million) 1286.00 1664 1664 1093 1222 1038
Military Expenditure (USD Million) 0.41 650 650 650 650 650

Taxes Actual Q1 Q2 Q3 Q4 2023
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 (%) 23.00 24.5 24.5 24.5 24.5 24.5
Social Security Rate For Companies (%) 17.00 19 19 19 19 19
Social Security Rate For Employees (%) 6.00 5.5 5.5 6 6 6

Business Actual Q1 Q2 Q3 Q4 2023
Industrial Production (%) -20.60 -26 -26 -26 -35 -35
Changes in Inventories (VEF Million) -543.00 -900 -900 -900 -700 -700

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) 66.00 61 60 60 56 56
Retail Sales Mom (%) -29.60 -16 -15 -15 -20 -20
Retail Sales YoY (%) -53.50 -43 -43 -43 -35 -28
Consumer Spending (VEF Million) 3819.00 6198 6198 3246 3628 3084
Private Sector Credit (VEF Million) 1184882180.00 46700000 46700000 46700000 54000000 54000000


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Venezuela Forecast - was last updated on Tuesday, January 18, 2022.