Markets Actual Q2 Q3 Q4 Q1 2022
Stock Market (points) 4946.24 4300 3749 3268 2848 2010
Currency 3112623.25 3244287 3381554 3524423 3673518 3971707
Government Bond 10y (%) 10.43 10.43 10.43 10.43 10.43 10.43

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -26.80 -18 -14 -10 -12 -6
Unemployment Rate (%) 6.40 10.5 10.7 10.5 10.2 10
Inflation Rate (%) 2940.80 2800 1900 1500 980 750
Inflation Rate Mom (%) 16.10 24 21 27 27 32
Interest Rate (%) 58.67 45 40 40 35 30
Balance of Trade (USD Million) 5680.00 4800 4700 -2750 4800 4700
Current Account (USD Million) 2533.00 1900 1700 1500 1300 800
Current Account to GDP (% of GDP) -3.50 -4.2 -4.2 -4.2 -4 -4
Government Debt to GDP (% of GDP) 350.00 380 380 380 365 365
Government Budget (% of GDP) -29.90 -35 -35 -35 -38 -38
Consumer Confidence (points) 66.00 59 58 58 61 56
Retail Sales Mom (%) -29.60 -18 -15 -10 -16 -20
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -26.80 -18 -14 -10 -12 -6
GDP (USD Billion) 482.36 240 240 240 240 230
Gross Fixed Capital Formation (VEF Million) 347.00 260 285 1950 312 294
GDP per capita (USD) 14025.36 9500 9500 9500 9500 9000

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 6.40 10.5 10.7 10.5 10.2 10
Employed Persons 15011108.00 13400000 13100000 12800000 13200000 13000000
Unemployed Persons 1018421.00 1228000 1280000 1350000 1400000 1300000
Minimum Wages (VEF/Month) 400000.00 550000 550000 750000 950000 950000
Population (Million) 32.60 32.63 32.63 33.03 33.03 33.43
Employment Rate (%) 93.65 91.7 91.3 91 90.7 91

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 2940.80 2800 1900 1500 980 750
Inflation Rate Mom (%) 16.10 24 21 27 27 32
Consumer Price Index CPI (million points) 930306.19 1537963 2022524 5244280 8065267 44576381
Core Consumer Prices (points) 594.30 15452 13075 10697 9212 69087
Core Inflation Rate (%) 60.30 2100 1700 1450 800 650
Food Inflation (%) 2795.00 2900 2400 1800 2400 1800
CPI Transportation (thousand points) 913915208.77 497963473 864509466 1439785558 4615436433 39231209681

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 58.67 45 40 40 35 30
Money Supply M0 (VEF Million) 767331220.25 485000000 495000000 515000000 505000000 494000000
Money Supply M1 (VEF Million) 1263814402.92 775000000 775000000 70800000 680000000 640000000
Money Supply M2 (VEF Million) 1266215149.31 925498936 925498936 125649622 117649621 120686442
Money Supply M3 (VEF Million) 1266215149.31 925591131 925591131 125741860 105000000 125778685
Foreign Exchange Reserves (USD Million) 6249.00 6200 6400 6400 6500 6500
Banks Balance Sheet (VEF Million) 11654379070.00 2300000000 1760000000 1700000000 1400000000 1300000000
Deposit Interest Rate (%) 36.00 22.33 17.33 17.33 12.33 7.33
Central Bank Balance Sheet (VES Thousand) 87154828.66 51700000 41500000 31300000 32000000 28000000

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 5680.00 4800 4700 -2750 4800 4700
Current Account (USD Million) 2533.00 1900 1700 1500 1300 800
Current Account to GDP (% of GDP) -3.50 -4.2 -4.2 -4.2 -4 -4
Imports (USD Million) 2497.00 2800 3000 3100 2900 3400
Exports (USD Million) 8627.00 7500 7700 7900 7400 8100
External Debt (USD Million) 0.00 421 421 421 421 421
Crude Oil Production (BBL/D/1K) 582.00 750 850 900 900 875
Foreign Direct Investment (USD Million) 105.00 -4500 -4300 -4100 -5000 -4700

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 350.00 380 380 380 365 365
Government Budget (% of GDP) -29.90 -35 -35 -35 -38 -38
Government Spending (VEF Million) 1286.00 965 1055 1664 1157 1088
Military Expenditure (USD Million) 0.41 700 700 650 650 650

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 34.00 34 34 34 34 34
Personal Income Tax Rate (%) 34.00 34 34 34 34 34
Sales Tax Rate (%) 16.00 16 16 16 16 16
Social Security Rate (%) 24.50 24.5 24.5 24.5 24.5 24.5
Social Security Rate For Companies (%) 19.00 19 19 19 19 19
Social Security Rate For Employees (%) 5.50 5.5 5.5 5.5 5.5 5.5

Business Actual Q2 Q3 Q4 Q1 2022
Industrial Production (%) -20.60 -44 -41 -38 -26 -35
Changes in Inventories (VEF Million) -543.00 -720 -800 -900 -900 -700

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 66.00 59 58 58 61 56
Retail Sales Mom (%) -29.60 -18 -15 -10 -16 -20
Retail Sales YoY (%) -53.50 -62 -55 -50 -43 -35
Consumer Spending (VEF Million) 3819.00 2864 3132 6198 3437 3231
Private Sector Credit (VEF Million) 589972095.00 58800000 58500000 57800000 46700000 54000000


This page has 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.