Venezuela: economy

What is the GDP growth rate of Venezuela?

Venezuela's real GDP grew by 9.0% in 2025, according to the IMF World Economic Outlook (October 2026), after 8.9% in 2024. The IMF projects growth of 5.0% in 2026 and 7.0% in 2027.

These are IMF staff estimates and projections in constant prices. The Central Bank of Venezuela (BCV) is the national body that compiles Venezuela's national accounts, but its website failed a TLS certificate check on 15 October 2026, so no BCV figure is given here. IMF projections are revised each April and October, and figures for the latest years can change as national data become available.

Official sources: IMF DataMapper: Real GDP growth, Venezuela

What is the inflation rate in Venezuela?

Average consumer prices in Venezuela rose by 252% in 2025, according to the IMF World Economic Outlook (October 2026), after 49.4% in 2024. The IMF projects average inflation of 467.9% in 2026 and 174.7% in 2027.

The IMF figure is the change in the annual average of the consumer price index, so it differs from a December-on-December rate. The national consumer price index is compiled by the Central Bank of Venezuela (BCV); its website could not be read on 15 October 2026 because of a TLS certificate error, so no BCV monthly figure is quoted. IMF projections are updated each April and October.

Official sources: IMF DataMapper: Inflation, average consumer prices, Venezuela

What is the GDP per capita of Venezuela?

Venezuela's GDP per capita was about US$3,559 in 2025 at current prices, according to the IMF World Economic Outlook (October 2026). The IMF puts total GDP at about US$101.5 billion in 2025 and projects GDP per capita of about US$4,355 in 2026.

Dollar values depend on the exchange rate used to convert bolívar GDP, so they can move sharply when the currency moves, even if output does not. For comparisons of living standards across countries, figures in purchasing power parity terms are more suitable. The IMF updates these numbers each April and October.

Official sources: IMF DataMapper: GDP per capita, Venezuela

Where is the official BCV exchange rate published?

The official bolívar exchange rate against the US dollar and other currencies is set and published daily by the Central Bank of Venezuela (BCV) on its home page, www.bcv.org.ve. Other official prices and fees in Venezuela, such as SAIME passport fees, are tied to this rate.

No rate is quoted here because the BCV site failed a TLS certificate check when it was tested on 15 October 2026, so the figure could not be read. The rate is published for each business day, and the rate in force is the one dated for that day. The IMF's DataMapper for Venezuela gives annual macroeconomic figures, but not the daily rate.

Official sources: IMF DataMapper: Venezuela

What is Venezuela's economic growth rate?

In 2025, real GDP growth in Venezuela was 1.6%, according to the World Bank. The peak was 10.2% in 2005 and the low -29.8% in 2020. It is 25th highest of 31 in Latin America & Caribbean, where the median is 2.7%. Worldwide: 140th of 180.

What is Venezuela's GDP per person?

The World Bank puts GDP per person in Venezuela at $3,495 in 2025. Its high point since 2005 was 2010, at $13,646; its low point was 2020, at $1,506. It is 29th highest of 31 in Latin America & Caribbean, where the median is $10,989. Of 180 countries with 2025 data, 128th highest.

How big are Venezuela's exports?

The latest figure from the World Bank, for 2025, is 14.9% of GDP. Its high point since 2005 was 2019, at 47.2% of GDP; its low point was 2005, at 0.0% of GDP. It is 16th highest of 17 in Latin America & Caribbean, where the median is 30.0% of GDP. Worldwide: 120th of 133.

Does Venezuela earn more abroad than it spends?

In 2025, the current account balance in Venezuela was 0.6% of GDP, according to the IMF. The peak was 17.5% of GDP in 2005 and the low -20.0% of GDP in 2020. Latin America & Caribbean median: -1.2% of GDP; Venezuela is 7th highest of 27. World rank, highest first: 50th of 132.

What is FDI in Venezuela?

The latest figure from the IMF, for 2025, is -0.5% of GDP. Its high point since 2005 was 2022, at 2.8% of GDP; its low point was 2024, at -2.1% of GDP. It is 30th highest of 31 in Latin America & Caribbean, where the median is 2.5% of GDP. Of 179 countries with 2025 data, 168th highest.

What are bank lending rates in Venezuela?

The latest figure from the IMF, for 2017, is 21.1%. The peak was 22.4% in 2008 and the low 15.5% in 2006. It is 3rd highest of 30 in Latin America & Caribbean, where the median is 11.1%. World rank, highest first: 9th of 122.