GNI per capita; PPP (US dollar) in Venezuela

The GNI per capita; PPP (US dollar) in Venezuela was last reported at 12150.00 in 2010, according to a World Bank report released in 2011. The GNI per capita; PPP (US dollar) in Venezuela was 12410.00 in 2009, according to a World Bank report, published in 2010. The GNI per capita; PPP (US dollar) in Venezuela was reported at 12930.00 in 2008, according to the World Bank. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current international dollars.This page includes a historical data chart, news and forecasts for GNI per capita; PPP (US dollar) 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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