Venezuela

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Economic Indicators

Economic forecasts - General economic indicators - Investments - Foreign trade

Economic forecasts

Indicators 2007 2008
GDP (USD billion) 226.922 285.232
GDP (constant prices, annual % change) 8 6
GDP per capita (USD) 8 252 10 169
Inflation rate (consumer prices, annual % change) 18 19

Source : IMF - World Economic Outlook Database

General economic indicators

Indicators 2004 2005 2006
GDP (USD billion)(1) 112.8 143.443 181.608
GDP (constants prices, annual % change)(1) 18.3 10.3 10.3
GPD per capita (USD)(1) 4353.528 5427.296 6736.205
Inflation (consumer prices, annual % change)(1) 21.7 16 13.7
Unemployment rate (%)(2)
External debt (USD billion)(3) 39315.24 44201.34 ..
Official exchange rate per USD (period average)(3) 1891.333 2089.75 2147

Source : (1) IMF - World Economic Outlook Database,
(2) ILO - Key Indicators of the Labour Market, (3) World Bank - World Development Indicators

GDP per activity sector 2004 2005 2006

Source : World Bank - World Development Indicators

Investments

Foreign Direct Investments 2004 2005 2006 World rank (*)
2006
FDI inflows (USD million) 1,483 2,583 -543 124/141

Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index.
It is a measure of the extend to which a host country receives inward FDI relative to its economic size.
It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

Foreign Trade

General indicators

Indicators (USD billion) 2004 2005 2006
Imports of goods 17.02 23.69 32.23
Exports of goods 39.67 55.47 65.21
Trade balance 22.65 31.78 32.98
Current account 15.52 25.53 27.17

Source : World Bank - World Development Indicators

Indicators (%) 2004 2005 2006
Share of foreign trade in GDP 52.6 57.1 52.9
Share of imports of goods and services in GDP 17.2 17.4 14.4
Share of exports of goods and services in GDP 35.4 39.7 38.5
Imports of goods and services (annual % change) 57.7 26.5 28.2
Exports of goods and services (annual % change) 11.8 5.2 8.5

Source : World Bank - World Development Indicators

Trade in goods/services by major category

2005 Imports Exports
Total Trade in Goods (USD billion): 23.69 55.47
Agricultural raw materials 1.7 0.1
Food products 14.8 0.8
Hydrocarbons 1.3 84.6
Manufactured products (chemicals, machines,...) 80.2 11.6
Ores and metals 1.8 2.9

Source : World Bank - World Development Indicators

2005 Imports Exports
Total Trade in Services (USD billion): 4.3 1
Transport 42.1 35.1
Tourism 25.2 47.3

Source : World Bank - World Development Indicators

Trade Data, by HS Code
Import Statistics Export Statistics

Source : www.intracen.org, last available data

Trade by partner countries

Main Customers
(% of exports)
 
USA 48,80%
Neth. Antilles 6,10%
Main suppliers
(% of imports)
 
USA 24,20%
Brazil 8,00%
Colombia 7,90%
China 5,40%

Source : Comtrade, 2006.

Export Entreprises SA
Last update : January 2008
Next update : October 2008