Venezuela | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 6.80 0.75 0.74 0.76 0.74 0.75 percent [+]
Unemployment Rate 7.30 8.5 9 9.5 10 12 percent [+]
Inflation Rate 180.90 310 350 400 410 100 percent [+]
Interest Rate 21.73 22.5 22.5 22.5 22.5 17 percent [+]
Balance of Trade -782.00 -1670 -3540 -3540 -1133 -2160 USD Million [+]
Government Debt to GDP 49.80 49.95 49.28 48.62 47.95 40.85 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 9.99 10.09 10.19 10.29 10.39 11.99 [+]
Stock Market 36430.04 26400 26100 25800 25600 21300 points [+]
Government Bond 10y 10.57 10.68 10.78 10.89 10.99 12.68 percent [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 6.80 0.75 0.74 0.76 0.74 0.75 percent [+]
GDP Annual Growth Rate -7.10 -8 -9 -9 -9 3 percent [+]
GDP 509.97 443 440 440 440 604 USD Billion [+]
Gross Fixed Capital Formation 3219.00 2560 2480 2480 2419 4780 VEF Million [+]
GDP per capita 12793.78 11000 10000 10000 10000 14000 USD [+]
GDP per capita PPP 15602.89 14100 14000 14000 14000 17100 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 7.30 8.5 9 9.5 10 12 percent [+]
Employed Persons 13089081.00 13106037 13106046 13106046 13106046 13106046 [+]
Unemployed Persons 1035238.00 1020088 1018851 1019017 1018926 1018942 [+]
Wages 1881.49 2249 2356 2464 2572 5060 VEF/Month [+]
Minimum Wages 90812.10 90812 90812 90812 90812 90812 VEF/Month [+]
Population 30.62 31.03 31.14 31.25 31.35 32.71 Million [+]
Employment Rate 92.67 92.78 92.78 92.78 92.78 92.78 percent [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 180.90 310 350 400 410 100 percent [+]
Inflation Rate Mom 8.70 9.68 9.7 9.69 9.69 3 percent [+]
Consumer Price Index CPI 2146.10 3829 4216 4587 4947 8398 Index Points [+]
Core Consumer Prices 594.30 1056 1087 1116 1144 1432 Index Points [+]
Core Inflation Rate 60.30 130 120 120 86.65 25 percent [+]
Food Inflation 315.00 360 350 350 568 50 percent [+]
Cpi Transportation 1995.10 4058 4507 4928 5320 7597 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 21.73 22.5 22.5 22.5 22.5 17 percent [+]
Money Supply M0 3273021.17 3503061 3543527 3630370 3722669 4912695 VEF Million [+]
Money Supply M1 7390807.36 8729615 12106505 17460508 26077922 70800000 VEF Million [+]
Money Supply M2 7513894.64 8786747 10532105 12559372 16152757 612030125 VEF Million [+]
Money Supply M3 7513895.34 9067278 11943628 15324418 19414869 381655557 VEF Million [+]
Foreign Exchange Reserves 10904.00 8600 7560 7560 11357 12100 USD Million [+]
Banks Balance Sheet 8308701669.00 6836976762 7773141968 8703628418 9628470560 22846581100 VEF Thousand [+]
Deposit Interest Rate 14.90 14.7 14.8 14.8 14.79 12 percent [+]
Central Bank Balance Sheet 7175397597.70 9256278355 11208508735 12715821869 13947060530 12808870080 VEF Thousand [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -782.00 -1670 -3540 -3540 -1133 -2160 USD Million [+]
Exports 8483.00 8673 8955 8938 8818 11200 USD Million [+]
Imports 9576.00 10100 10100 10100 9490 13400 USD Million [+]
Current Account -5113.00 -644 -1170 -1170 -1170 -1550 USD Million [+]
Current Account to GDP 1.40 -1.5 -3 -3 4.18 -3.5 percent [+]
External Debt 341.00 313 380 377 391 386 USD Million [+]
Remittances 836.00 832 832 833 833 833 USD Million [+]
Gold Reserves 188.80 193 203 207 208 206 Tonnes [+]
Crude Oil Production 2316.00 2374 2393 2387 2387 2387 BBL/D/1K [+]
Terrorism Index 2.00 2.58 2.43 2.29 2.14 1.35 [+]
Foreign Direct Investment 12.00 917 896 917 916 915 USD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 49.80 49.95 49.28 48.62 47.95 40.85 percent [+]
Government Budget -11.50 -11.7 -11.56 -11.42 -11.28 -10.72 percent of GDP [+]
Government Spending 2747.00 3111 2750 3110 2751 3104 VEF Million [+]
Military Expenditure 2032.40 3602 3510 3419 3944 3884 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 0.81 2.17 1.37 1.23 0.96 1.78 percent [+]
Changes in Inventories 1477.00 -544 -23.04 1159 1412 268 VEF Million [+]
Steel Production 55.00 48.13 47.28 47.14 47.13 47.13 Thousand Tonnes [+]
Competitiveness Index 3.27 3.29 3.29 3.29 3.29 3.22 Points [+]
Competitiveness Rank 130.00 132 132 132 132 112 [+]
Ease of Doing Business 187.00 185 185 186 186 185 [+]
Corruption Index 17.00 18.28 17.79 17.29 17.23 17.23 Points [+]
Corruption Rank 158.00 156 155 155 154 139 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 57.00 57.27 57.71 58.09 58.21 57.95 [+]
Retail Sales Mom -2.22 1.27 1.27 1.27 1.27 1.27 percent [+]
Retail Sales YoY 12.55 12.7 12.7 12.7 12.7 12.7 percent [+]
Consumer Spending 10233.00 10247 10247 10247 10247 10247 VEF Million [+]
Private Sector Credit 4545170635.00 5554572650 6560197442 7553360803 8535914093 20104842813 VEF Thousand [+]
Gasoline Prices 0.60 0.6 0.6 0.6 0.6 0.6 USD/Liter [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 34.00 34 34 34 34 34 percent [+]
Personal Income Tax Rate 34.00 34 34 34 34 34 percent [+]
Sales Tax Rate 12.00 12 12 12 12 12 percent [+]
Social Security Rate 33.00 33 33 33 33 33 percent [+]
Social Security Rate For Companies 27.00 27 27 27 27 27 percent [+]
Social Security Rate For Employees 6.00 6 6 6 6 6 percent [+]





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. 12/8/2016