Broad money (% of GDP) in Venezuela

The Broad money (% of GDP) in Venezuela was reported at 26.22 in 2008, according to the World Bank. This page includes a historical data chart, news and forecasts for Broad money (% of GDP) in Venezuela. Venezuela is the fifth largest national economy in Latin America. Venezuela is highly dependent on oil revenues, which account for roughly 90% of export earnings, about 50% of the federal budget revenues, and around 30% of GDP. In recent years, President Hugo Chavez has been systematically increasing the government's control of the economy by nationalizing firms in the cement, steel, petroleum, communications, and electricity sectors.

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