Markets Actual Q4 Q1 Q2 Q3 2022
Stock Market (points) 5650.35 -1073 202 -38.19 7.41 0.26
Currency 4.15 4.15 4.15 4.15 4.15 4.15
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -26.80 -15 -5 -5 -5 -5
Unemployment Rate (%) 6.40 10.5 10.2 10 10 10
Inflation Rate (%) 2719.50 1500 980 950 950 750
Inflation Rate Mom (%) 28.50 19 16 15 17 14
Interest Rate (%) 54.06 49 45 41 36 35
Balance of Trade (USD Million) 5680.00 -2750 -2750 -2750 4800 4700
Current Account (USD Million) 2533.00 1500 1300 1100 1100 800
Current Account to GDP (% of GDP) -3.50 -4 -4 -4 -4 -4
Government Debt to GDP (% of GDP) 350.00 380 365 360 360 365
Government Budget (% of GDP) -29.90 -35 -38 -35 -35 -38
Consumer Confidence (points) 66.00 58 61 60 60 56
Retail Sales Mom (%) -29.60 -10 -16 -15 -15 -20
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 2022
GDP Annual Growth Rate (%) -26.80 -15 -5 -5 -5 -5
GDP (USD Billion) 482.36 240 240 240 240 230
Gross Fixed Capital Formation (VEF Million) 347.00 1950 1950 295 330 280
GDP per capita (USD) 14025.36 9500 9500 9500 9500 9000

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 6.40 10.5 10.2 10 10 10
Employed Persons 15011108.00 12800000 13200000 13200000 13200000 13000000
Unemployed Persons 1018421.00 1350000 1400000 1400000 1400000 1300000
Minimum Wages (VEF/Month) 400000.00 750000 950000 950000 950000 950000
Population (Million) 32.60 33.03 33.03 33.03 33.03 33.43
Employment Rate (%) 93.65 91 90.7 90.7 90.7 91

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 2719.50 1500 980 950 950 750
Inflation Rate Mom (%) 28.50 19 16 15 17 14
Consumer Price Index CPI (million points) 1195583.00 5244280 8065267 12553621 12553621 44576381
Food Inflation (%) 2190.00 1800 2400 2400 2400 1800
CPI Transportation (thousand points) 1195053805.30 1422114028 1649652273 1897100114 2219607133 2530352132

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 54.06 49 45 41 36 35
Money Supply M0 (VEF Million) 1171.80 515000000 505000000 505000000 505000000 494000000
Money Supply M1 (VEF Million) 2377.26 775000000 680000000 680000000 680000000 640000000
Money Supply M2 (VEF Million) 2381.93 925498936 117649621 117649621 117649621 120686442
Money Supply M3 (VEF Million) 2381.93 925591131 105000000 105000000 105000000 125778685
Foreign Exchange Reserves (USD Million) 6178.00 6400 6500 6500 6500 6500
Banks Balance Sheet (VEF Million) 23928830330.00 1700000000 1400000000 1400000000 1400000000 1300000000
Deposit Interest Rate (%) 36.00 30.94 26.94 22.94 17.94 16.94
Central Bank Balance Sheet (VES Thousand) 175674639.35 31300000 32000000 32000000 32000000 28000000

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) 5680.00 -2750 -2750 -2750 4800 4700
Current Account (USD Million) 2533.00 1500 1300 1100 1100 800
Current Account to GDP (% of GDP) -3.50 -4 -4 -4 -4 -4
Imports (USD Million) 2497.00 3100 2900 2900 2900 3400
Exports (USD Million) 8627.00 7900 7400 7400 7400 8100
External Debt (USD Million) 0.00 421 421 421 421 421
Crude Oil Production (BBL/D/1K) 650.00 900 900 900 900 875
Foreign Direct Investment (USD Million) 105.00 -4100 -5000 -5000 -5000 -4700

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 350.00 380 365 360 360 365
Government Budget (% of GDP) -29.90 -35 -38 -35 -35 -38
Government Spending (VEF Million) 1286.00 1664 1664 1093 1222 1038
Military Expenditure (USD Million) 0.41 650 650 650 650 650

Taxes Actual Q4 Q1 Q2 Q3 2022
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 Q4 Q1 Q2 Q3 2022
Industrial Production (%) -20.60 -38 -26 -26 -26 -35
Changes in Inventories (VEF Million) -543.00 -900 -900 -900 -900 -700

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 66.00 58 61 60 60 56
Retail Sales Mom (%) -29.60 -10 -16 -15 -15 -20
Retail Sales YoY (%) -53.50 -50 -43 -43 -43 -35
Consumer Spending (VEF Million) 3819.00 6198 6198 3246 3628 3084
Private Sector Credit (VEF Million) 1184882180.00 57800000 46700000 46700000 46700000 54000000


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.