Venezuela (Bolivarian Republic of)

1980

2026

2030

1980

2026

2030

Venezuela (Bolivarian Republic of) Economic Statistics (2026)

GDP per capita (PPP) in 2026: $8,606—below global average.

The economy has grown at an average rate of 2.6% over the past 5 years.

Inflation is high at 682.1%, eroding purchasing power.

GDP per capita (PPP)

$8,606

GDP growth

-3.0%

Inflation rate

682.1%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Total economic output and annual growth rate

Total GDP is $80 billion, with significant contraction of -3.0% in 2026.

Average economic output per person

GDP per capita is $2,972 in nominal terms, but $8,606 when adjusted for local purchasing power—indicating lower prices than in the US.

Consumer price inflation and labor market conditions

Inflation is 682.1% in 2026.

Government debt, revenue, and expenditure as percentage of GDP

Fiscal balance and current account as percentage of GDP

The country is running a current account surplus of 2.5% of GDP.

Venezuela (Bolivarian Republic of) is a lower-income economy with GDP per capita (PPP) of $8,606. High inflation (682.1%) is a challenge.