Venezuela | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 6.80 0.74 0.76 0.74 0.75 0.75 percent [+]
Unemployment Rate 7.30 9 9.5 10 11 12 percent [+]
Inflation Rate 800.00 350 400 410 410 100 percent [+]
Interest Rate 22.49 22.5 22.5 22.5 22.5 17 percent [+]
Balance of Trade -782.00 -3540 -3540 -1133 -2880 -2160 USD Million [+]
Government Debt to GDP 49.80 46.19 47.44 48.69 49.95 40.85 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 9.99 10.19 10.29 10.39 10.49 11.99 [+]
Stock Market 35035.80 29800 29500 29200 28900 24300 points [+]
Government Bond 10y 10.43 10.78 10.89 10.99 10.41 12.68 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 6.80 0.74 0.76 0.74 0.75 0.75 percent [+]
GDP Annual Growth Rate -18.60 -9 -9 -9 -9 3 percent [+]
GDP 509.97 440 440 440 440 604 USD Billion [+]
Gross Fixed Capital Formation 3219.00 2480 2480 2419 2816 4780 VEF Million [+]
GDP per capita 12793.78 10000 10000 10000 10000 14000 USD [+]
GDP per capita PPP 15602.89 14000 14000 14000 14000 17100 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 7.30 9 9.5 10 11 12 percent [+]
Employed Persons 13089081.00 13106046 13106046 13106046 13106046 13106046 [+]
Unemployed Persons 1035238.00 1018851 1019017 1018926 1018943 1018942 [+]
Wages 1881.49 1922 2031 2140 2249 5060 VEF/Month [+]
Minimum Wages 104358.00 90812 90812 90812 90812 90812 VEF/Month [+]
Population 31.03 30.73 30.83 30.93 31.03 32.71 Million [+]
Employment Rate 92.67 92.78 92.78 92.78 92.78 92.78 percent [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 800.00 350 400 410 410 100 percent [+]
Inflation Rate Mom 8.70 9.7 9.69 9.69 7.6 3 percent [+]
Consumer Price Index CPI 2146.10 4216 4587 4947 5293 8398 Index Points [+]
Core Consumer Prices 594.30 1087 1116 1144 1171 1432 Index Points [+]
Core Inflation Rate 60.30 120 120 86.65 70 25 percent [+]
Food Inflation 315.00 350 350 568 190 50 percent [+]
Cpi Transportation 1995.10 4507 4928 5320 5681 7597 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 22.49 22.5 22.5 22.5 22.5 17 percent [+]
Money Supply M0 4630133.23 3543527 3630370 3722669 3814228 4912695 VEF Million [+]
Money Supply M1 10276494.29 14172823 17948825 21636932 10000000 70800000 VEF Million [+]
Money Supply M2 10407218.36 14298908 18071266 21757732 25352736 60226572 VEF Million [+]
Money Supply M3 10407219.05 14298907 18071319 21757880 25353019 60230689 VEF Million [+]
Foreign Exchange Reserves 10977.00 7560 7560 11357 12400 12100 USD Million [+]
Banks Balance Sheet 11626087653.00 6836976762 7773141968 8703628418 9628470560 22846581100 VEF Thousand [+]
Deposit Interest Rate 14.90 14.8 14.8 14.75 14.5 12 percent [+]
Central Bank Balance Sheet 8530567657.31 11208508735 12715821869 13947060530 14874582480 12808870080 VEF Thousand [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -782.00 -3540 -3540 -1133 -2880 -2160 USD Million [+]
Exports 8483.00 8955 8938 8818 9230 11200 USD Million [+]
Imports 9576.00 10100 10100 9490 10138 13400 USD Million [+]
Current Account -5113.00 -644 -1170 -1170 -1170 -1550 USD Million [+]
Current Account to GDP 1.40 -3 -3 4.52 -4.3 -3.5 percent [+]
External Debt 501.00 380 377 391 386 386 USD Million [+]
Remittances 836.00 811 818 825 832 833 USD Million [+]
Gold Reserves 188.80 203 207 208 207 206 Tonnes [+]
Crude Oil Production 2250.00 2308 2327 2321 2321 2321 BBL/D/1K [+]
Terrorism Index 2.00 2.33 2.41 2.49 2.58 1.35 [+]
Foreign Direct Investment 12.00 896 917 916 920 915 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 49.80 46.19 47.44 48.69 49.95 40.85 percent [+]
Government Budget -11.50 -8.47 -9.54 -10.62 -11.7 -10.72 percent of GDP [+]
Government Spending 2747.00 2750 3110 2751 3109 3104 VEF Million [+]
Military Expenditure 2032.40 3602 3510 3419 3944 3884 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 0.81 1.37 1.23 0.96 1.23 1.78 percent [+]
Changes in Inventories 1477.00 -23.04 1159 1412 -277 268 VEF Million [+]
Steel Production 70.00 47.28 47.14 47.13 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 17 17 17 18 17 Points [+]
Corruption Rank 166.00 156 155 155 154 139 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 57.00 57.71 58.09 58.21 58.05 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 5597200447.00 7267609627 8607056379 9926143230 11223804449 24780208388 VEF Thousand [+]
Gasoline Prices 0.60 0.6 0.6 0.6 0.6 0.6 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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 25.00 33 33 33 33 33 percent [+]
Social Security Rate For Companies 19.00 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. 2/19/2017