Terrorism Index in Guinea increased to 0.97 in 2018 from 0.32 in 2017. Terrorism Index in Guinea averaged 1.01 from 2002 until 2018, reaching an all time high of 4.22 in 2002 and a record low of 0 in 2005. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

The Gross Domestic Product per capita in Guinea was last recorded at 943.40 US dollars in 2018. The GDP per Capita in Guinea is equivalent to 7 percent of the world's average. GDP per capita in Guinea averaged 642.37 USD from 1986 until 2018, reaching an all time high of 943.40 USD in 2018 and a record low of 513.10 USD in 1986. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides the latest reported value for - Guinea GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Guinea recorded a Current Account deficit of 4.90 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Guinea averaged -8.81 percent from 1986 until 2018, reaching an all time high of 5.51 percent in 2017 and a record low of -33.90 percent in 2012. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Guinea Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guinea scored 29 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Guinea averaged 23.23 Points from 2006 until 2019, reaching an all time high of 29 Points in 2019 and a record low of 16 Points in 2008. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Guinea Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Guinea is the 130 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Guinea averaged 152.23 from 2006 until 2019, reaching an all time high of 173 in 2008 and a record low of 130 in 2019. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Guinea Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Guinea increased 4.90 percent in the first quarter of 2019 over the same quarter in the previous year. Industrial Production in Guinea averaged 9.04 percent from 2007 until 2019, reaching an all time high of 71.89 percent in the third quarter of 2010 and a record low of -34.40 percent in the first quarter of 2009. In Guinea, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Guinea Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Corporate Tax Rate in Guinea stands at 35 percent. In Guinea, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Guinea. This page provides - Guinea Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Guinea remained unchanged at 3.60 percent in 2019 from 3.60 percent in 2018. Unemployment Rate in Guinea averaged 4.14 percent from 1991 until 2019, reaching an all time high of 4.50 percent in 1999 and a record low of 3.60 percent in 2017. In Guinea, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Guinea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in Guinea stands at 18 percent. Sales Tax Rate in Guinea averaged 18.29 percent from 2014 until 2020, reaching an all time high of 20 percent in 2016 and a record low of 18 percent in 2015. In Guinea, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Guinea. This page provides - Guinea Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guinea recorded a Current Account deficit of 251.14 USD Million in the third quarter of 2019. Current Account in Guinea averaged -202.08 USD Million from 1986 until 2019, reaching an all time high of 883.89 USD Million in the fourth quarter of 2017 and a record low of -2311.44 USD Million in the fourth quarter of 2016. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Guinea Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guinea recorded a trade deficit of 2.60 USD Million in the third quarter of 2019. Balance of Trade in Guinea averaged -43.25 USD Million from 1986 until 2019, reaching an all time high of 927.63 USD Million in the fourth quarter of 2017 and a record low of -1935.05 USD Million in the fourth quarter of 2016. Guinea has the largest bauxite reserve in the world as well as significant iron, gold and diamond reserves and is a leading exporter of such minerals. Guinea is also a net exporter of coffee. However, Guinea is highly dependent on imports for fuels, capital equipment, consumer goods and foodstuffs. Main trading partners are China and the United States. This page provides - Guinea Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Guinea decreased to 565.87 USD Million in the third quarter of 2019 from 925.88 USD Million in the second quarter of 2019. Exports in Guinea averaged 569.05 USD Million from 1986 until 2019, reaching an all time high of 1471.17 USD Million in the fourth quarter of 2010 and a record low of 120.92 USD Million in the fourth quarter of 2011. Guinea is a leading exporter of bauxite and holds the mineral’s largest reserve in the world. Other exports include iron, gold, diamonds, oil and coffee. Main export partners are: Spain, Russia, India, United States and Chile. This page provides - Guinea Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Guinea decreased to 878.90 USD Million in the third quarter of 2019 from 884.43 USD Million in the second quarter of 2019. Imports in Guinea averaged 667.22 USD Million from 1986 until 2019, reaching an all time high of 2550.37 USD Million in the fourth quarter of 2016 and a record low of -170.26 USD Million in the second quarter of 2016. Guinea’s main imports are: fuels, capital equipment, apparel and foodstuffs. Guinea’s main import partners are: China, Netherlands and United States. This page provides - Guinea Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Guinea was worth 11.40 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Guinea represents 0.01 percent of the world economy. GDP in Guinea averaged 5.12 USD Billion from 1986 until 2019, reaching an all time high of 11.40 USD Billion in 2019 and a record low of 1.92 USD Billion in 1986. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Guinea GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Money Supply M1 in Guinea increased to 30431.67 GNF Billion in December from 29827.04 GNF Billion in November of 2019. Money Supply M1 in Guinea averaged 9708.58 GNF Billion from 2001 until 2019, reaching an all time high of 30431.67 GNF Billion in December of 2019 and a record low of 590.50 GNF Billion in February of 2001. This page provides - Guinea Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Guinea was estimated at 12.8 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Guinea had a population of 3.5 million people. The population of Guinea represents 0.15 percent of the world´s total population which arguably means that one person in every 682 people on the planet is a resident of Guinea. This page provides - Guinea Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core Consumer Prices in Guinea increased to 682.40 percent in February from 673.70 percent in January of 2020. Core Consumer Prices in Guinea averaged 547.51 percent from 2011 until 2020, reaching an all time high of 682.40 percent in February of 2020 and a record low of 372.80 percent in January of 2011. This page provides - Guinea Core Consumer Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Guinea increased 4.40 percent in February of 2020 over the same month in the previous year. Core Inflation Rate in Guinea averaged 6.31 percent from 2012 until 2020, reaching an all time high of 15.20 percent in January of 2012 and a record low of -4.70 percent in December of 2012. This page provides - Guinea Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Guinea expanded 6.30 percent in 2019 from the previous year. GDP Annual Growth Rate in Guinea averaged 3.80 percent from 1987 until 2019, reaching an all time high of 8.20 percent in 2017 and a record low of -0.30 percent in 2009. Guinea is one of the poorest countries in the world. Guinea’s growth has been significantly short of its potential due to political instability, widespread corruption and underdeveloped infrastructure. Guinea has the largest bauxite reserve in world as well as significant iron, gold and diamond reserves. Yet, Guinea’s chronic inefficiencies drive away most of potential investors. Recent government efforts to fight corruption, regulate the mining sector and improve infrastructure are expected to maintain the positive momentum. This page provides - Guinea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Guinea was recorded at 9.10 percent in January of 2020. Inflation Rate in Guinea averaged 13.25 percent from 1987 until 2020, reaching an all time high of 42.60 percent in July of 2005 and a record low of 0.50 percent in February of 1997. In Guinea, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page provides - Guinea Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index in Guinea increased 1.10 percent in February of 2020 over the previous month. Inflation Rate Mom in Guinea averaged 1.17 percent from 2003 until 2020, reaching an all time high of 8.90 percent in September of 2004 and a record low of -3.20 percent in November of 2008. This page provides - Guinea Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Guinea increased 12 percent in February of 2020 over the same month in the previous year. Food Inflation in Guinea averaged 11.69 percent from 2014 until 2020, reaching an all time high of 14.40 percent in January of 2018 and a record low of 8.77 percent in March of 2015. This page provides - Guinea Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guinea recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2018. Government Budget in Guinea averaged -3.71 percent of GDP from 1998 until 2018, reaching an all time high of 0.50 percent of GDP in 2007 and a record low of -13.90 percent of GDP in 2010. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Guinea Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guinea recorded a government debt equivalent to 18 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Guinea averaged 56.14 percent from 2003 until 2018, reaching an all time high of 113 percent in 2006 and a record low of 16.40 percent in 2017. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Guinea Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Guinea stands at 40 percent. In Guinea, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Guinea. This page provides - Guinea Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Guinea increased to 1159.11 USD Million in December from 1104.65 USD Million in November of 2019. Foreign Exchange Reserves in Guinea averaged 706.65 USD Million from 2012 until 2019, reaching an all time high of 1159.11 USD Million in December of 2019 and a record low of 410.80 USD Million in August of 2015. This page provides - Guinea Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Guinea remained unchanged at 567.40 points in March of 2020 from 567.40 points in February of 2020. CPI Transportation in Guinea averaged 399.27 points from 2003 until 2020, reaching an all time high of 671.50 points in May of 2016 and a record low of 101.60 points in January of 2003. This page provides - Guinea Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Guinea increased to 713.40 points in March from 711.50 points in February of 2020. Cpi Housing Utilities in Guinea averaged 380.32 points from 2003 until 2020, reaching an all time high of 713.40 points in March of 2020 and a record low of 100.70 points in February of 2003. This page provides - Guinea Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Guinea increased to 1133 points in March from 1120.60 points in February of 2020. Consumer Price Index Cpi in Guinea averaged 534.13 points from 2003 until 2020, reaching an all time high of 1133 points in March of 2020 and a record low of 104.40 points in January of 2003. This page provides - Guinea Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Guinea thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Guinea as reported by major credit rating agencies.

Guinea recorded 2009 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Guinea reported 11 Coronavirus Deaths. This page includes a chart with historical data for Guinea Coronavirus Cases.

Guinea recorded 11 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Guinea reported 2009 Coronavirus Cases. This page includes a chart with historical data for Guinea Coronavirus Deaths.

Guinea recorded 663 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Guinea reported 11 Coronavirus Deaths. This page includes a chart with historical data for Guinea Coronavirus Recovered.

IP Addresses in Venezuela decreased to 2571911 IP in the first quarter of 2017 from 2585378 IP in the fourth quarter of 2016. IP Addresses in Venezuela averaged 2160293.62 IP from 2007 until 2017, reaching an all time high of 2925726 IP in the second quarter of 2015 and a record low of 950807 IP in the third quarter of 2007. This page includes a chart with historical data for VenezuelaIP Addresses.

Precipitation in Venezuela decreased to 55.96 mm in December from 105.78 mm in November of 2015. Precipitation in Venezuela averaged 163.86 mm from 1901 until 2015, reaching an all time high of 432.54 mm in June of 1986 and a record low of 9.06 mm in February of 1979. This page includes a chart with historical data for Venezuela Average Precipitation.

Temperature in Venezuela decreased to 26.52 celsius in December from 26.96 celsius in November of 2015. Temperature in Venezuela averaged 25.04 celsius from 1824 until 2015, reaching an all time high of 27.81 celsius in March of 2010 and a record low of 22.78 celsius in January of 1861. This page includes a chart with historical data for Venezuela Average Temperature.

Military Expenditure in Venezuela increased to 465 USD Million in 2017 from 389 USD Million in 2016. Military Expenditure in Venezuela averaged 846.67 USD Million from 1955 until 2017, reaching an all time high of 1852 USD Million in 2007 and a record low of 200 USD Million in 1961.

The Gross Domestic Product per capita in Venezuela was last recorded at 17131.39 US dollars in 2014, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Venezuela, when adjusted by Purchasing Power Parity is equivalent to 96 percent of the world's average. GDP per capita PPP in Venezuela averaged 14557.84 USD from 1960 until 2014, reaching an all time high of 18224.70 USD in 2008 and a record low of 11383.41 USD in 1989. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Venezuela GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Venezuela scored 41.83 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Venezuela averaged 12.69 Points from 2007 until 2019, reaching an all time high of 45.09 Points in 2017 and a record low of 3.30 Points in 2016. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Venezuela Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Venezuela is the 133 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Venezuela averaged 119 from 2007 until 2019, reaching an all time high of 134 in 2014 and a record low of 85 in 2007. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Venezuela Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gold Reserves in Venezuela remained unchanged at 161.22 Tonnes in the fourth quarter of 2019 from 161.22 Tonnes in the third quarter of 2019. Gold Reserves in Venezuela averaged 319.36 Tonnes from 2000 until 2019, reaching an all time high of 372.93 Tonnes in the third quarter of 2011 and a record low of 150 Tonnes in the second quarter of 2018. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides the latest reported value for - Venezuela Gold Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Venezuela is ranked 188 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Venezuela remained unchanged at 188 in 2019 from 188 in 2018. Ease of Doing Business in Venezuela averaged 182.33 from 2008 until 2019, reaching an all time high of 188 in 2017 and a record low of 175 in 2010. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Venezuela.

Core Consumer Prices in Venezuela increased to 594.30 Index Points in December from 582.30 Index Points in November of 2013. Core Consumer Prices in Venezuela averaged 133.58 Index Points from 1999 until 2013, reaching an all time high of 594.30 Index Points in December of 2013 and a record low of 18.20 Index Points in January of 1999. Core Consumer Prices in Venezuela is reported by the Banco Central De Venezuela. This page provides - Venezuela Core Consumer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core Inflation Rate in Venezuela increased 60.30 percent in December of 2013 over the same month in the previous year. Core Inflation Rate in Venezuela averaged 30.44 percent from 2008 until 2013, reaching an all time high of 60.90 percent in November of 2013 and a record low of 20.20 percent in October of 2012. Core Inflation Rate in Venezuela is reported by the Banco Central De Venezuela. In Venezuela, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides - Venezuela Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Venezuela increased to 8627 USD Million in the first quarter of 2019 from 8257 USD Million in the fourth quarter of 2018. Exports in Venezuela averaged 11127.28 USD Million from 1992 until 2019, reaching an all time high of 31468 USD Million in the third quarter of 2008 and a record low of 2995 USD Million in the first quarter of 1992. Venezuela is the world´s tenth biggest exporter and the thirteenth largest producer of oil. Shipments of oil account for 96 percent of total exports. Main export partners are: United States (40 percent of total exports), China (11 percent) and India (6 percent). Others include: Cuba, Colombia and Brazil. This page provides - Venezuela Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports in Venezuela decreased to 2497 USD Million in the first quarter of 2019 from 3370 USD Million in the fourth quarter of 2018. Imports in Venezuela averaged 6579.49 USD Million from 1992 until 2019, reaching an all time high of 19338 USD Million in the fourth quarter of 2012 and a record low of 1970 USD Million in the third quarter of 1994. Venezuela main imports are: electronics (32 percent of total imports), chemical products (18 percent), agricultural products and livestock (11 percent), base metals (8 percent) and food, beverages and tobacco (6 percent). Main import partners are: United States (26 percent of total imports), China (15 percent) and Brazil (9 percent). Others include: Colombia, Argentina and Mexico. This page provides - Venezuela Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Venezuela contracted 16.60 percent in the fourth quarter of 2017 over the same quarter of the previous year. GDP Annual Growth Rate in Venezuela averaged 1.62 percent from 1998 until 2017, reaching an all time high of 36.10 percent in the first quarter of 2004 and a record low of -26.70 percent in the first quarter of 2003. The biggest sector of Venezuela´s economy is services. Financing, insurance, real estate and business services; communication, transport and warehousing; trade, repairs, restaurants and hotels; community, personal, household and government services account for 60 percent of the GDP. Manufacturing and mining create 16 percent of the wealth and oil exploitation 12.3 percent. Construction and water and electricity distribution account for the remaining 12 percent of GDP. This page provides - Venezuela GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Venezuela contracted 23.70 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in Venezuela averaged -0.08 percent from 1997 until 2019, reaching an all time high of 26.20 percent in the second quarter of 2003 and a record low of -24.40 percent in the first quarter of 2003. Venezuela is a state-controlled economy and the fifth biggest in Latin America. From 1997 to 2012, the country has been growing at an average rate of 0.75 percent on a quarter over quarter basis, mostly due to exports of oil. Venezuela has the largest proven oil reserves in the world. Oil accounts for 96 percent of total exports and for 12 percent of the GDP. Yet, in order to reach its full growth potential, the country needs to reduce its dependence on oil revenue; increase competition in the energy sector; improve its infrastructure and reduce the levels of poverty and inequality. This page provides - Venezuela GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Spending in Venezuela decreased to 3819 VEF Million in the first quarter of 2019 from 5057 VEF Million in the fourth quarter of 2018. Consumer Spending in Venezuela averaged 7953.87 VEF Million from 1998 until 2019, reaching an all time high of 12336 VEF Million in the fourth quarter of 2013 and a record low of 3819 VEF Million in the first quarter of 2019. This page provides - Venezuela Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Venezuela recorded a Current Account surplus of 2533 USD Million in the first quarter of 2019. Current Account in Venezuela averaged 1700.56 USD Million from 1990 until 2019, reaching an all time high of 15700 USD Million in the third quarter of 2008 and a record low of -6580 USD Million in the fourth quarter of 2008. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Venezuela Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.