ECONDEX

Economic and development data for every country, explained with the numbers checked.

Venezuela, RB

Latin America & Caribbean. Lower middle income. Capital: Caracas. Population 28,516,896 (2025).

Key trends

GDP growth (%)
−28.9 −5.8 17.2 1995 2025 1.6
Inflation, consumer prices (% annual)
27.8 139.2 250.5 2009 2016 254.9
Life expectancy at birth (years)
71.1 72.2 73.3 1995 2024 72.7

Indicators

Each country reports for different years, so check the year beside every figure. Rank 1 is the highest value among countries with recent data.

Economy

IndicatorLatestYear 5-yr change10-yr change RankTrend
GDP growth% 1.6% 2025 +31.4 pp +7.8 pp 158 of 209
GDP per person growth% 1.2% 2025 +29.8 pp +8.3 pp 139 of 209
GNI per person (Atlas method)current US$ 3,860 2025 +2,190 −1,420 142 of 201
Trade% of GDP 25.0% 2025 −1.1 pp −35.4 pp 181 of 183
Foreign direct investment, net inflows% of GDP −0.5% 2025 −0.1 pp −2.8 pp 183 of 195

Prices and jobs

IndicatorLatestYear 5-yr change10-yr change RankTrend
Inflation, consumer prices% annual 254.9% 2016 * +228.9 pp – –
Unemployment (modelled ILO estimate)% of labour force 5.3% 2025 −2.2 pp −0.8 pp 90 of 186

People and health

IndicatorLatestYear 5-yr change10-yr change RankTrend
Populationpeople 28,516,896 2025 +72,819 −2,057,076 53 of 217
Population growth% annual 0.4% 2025 +2.1 pp −0.7 pp 148 of 217
Urban population% of total 89.3% 2025 +0.2 pp +0.4 pp 33 of 217
Life expectancy at birthyears 72.7 2024 −0.1 −0.2 129 of 217
Infant mortalityper 1,000 live births 21.2 2024 0.0 +5.4 66 of 196
Health spending% of GDP 3.8% 2023 +1.4 pp – 159 of 193

Education

IndicatorLatestYear 5-yr change10-yr change RankTrend
Adult literacy rate% of people aged 15+ 97.2% 2017 * +1.2 pp +2.0 pp –
Government spending on education% of GDP 6.9% 2009 * +3.2 pp – –

Access and infrastructure

IndicatorLatestYear 5-yr change10-yr change RankTrend
Internet users% of population 76.7% 2024 +27.6 pp +19.7 pp 110 of 185
Access to electricity% of population 100.0% 2024 +0.2 pp 0.0 pp 120 of 215

Inequality and poverty

IndicatorLatestYear 5-yr change10-yr change RankTrend
Gini index (inequality)index, 0 to 100 44.7 2006 * −2.5 −2.5 –
Poverty headcount ratio% of population, at the World Bank international poverty line 9.7% 2006 * −5.0 pp −5.4 pp –

Environment and energy

IndicatorLatestYear 5-yr change10-yr change RankTrend
Renewable energy% of final energy consumption 33.7% 2021 +19.1 pp +18.9 pp 74 of 212

* Latest figure is too old to be included in rankings or peer medians.

Advanced metrics

Indicator Own history Versus peers (latest) Growth and catch-up
10-yr meanZ-score Income group medianRegion medianVolatility (σ) 10-yr CAGR% of high-income median10 yrs earlier
GDP growth −9.8% +0.8 4.3% 3.2% 14.0 – – –
GDP per person growth −9.3% +0.8 2.7% 2.2% 13.4 – – –
GNI per person (Atlas method) 2,968 +0.8 2,750 12,705 1,084 −3.1% 11% 19%
Trade 39.5% −1.0 69.0% 74.0% 13.9 – – –
Foreign direct investment, net inflows 0.7% −0.8 1.9% 2.5% 1.6 – – –
Inflation, consumer prices 46.7% +5.8 – – 35.9 – – –
Unemployment (modelled ILO estimate) 5.9% −0.7 5.1% 6.0% 0.8 – – –
Population 29,225,202 −0.7 12,348,573 3,010,956 1,082,474 −0.7% 973% 1,164%
Population growth −0.6% +0.8 1.7% 0.5% 1.4 – – –
Urban population 89.1% +1.8 50.9% 72.0% 0.1 – – –
Life expectancy at birth 72.4 +0.6 67.9 75.7 0.5 – – –
Infant mortality 20.2 +0.5 28.7 12.0 2.1 – – –
Health spending 3.5% +0.3 4.5% 6.8% 1.1 – – –
Adult literacy rate 95.7% +1.8 – – 0.8 – – –
Internet users 65.3% +1.1 57.9% 79.9% 10.5 – – –
Access to electricity 99.8% +0.6 88.7% 99.8% 0.3 – – –
Gini index (inequality) 48.0 −4.3 – – 0.8 – – –
Poverty headcount ratio 19.5% −2.1 – – 4.6 – – –
Renewable energy 16.2% +3.3 42.5% 12.8% 5.4 – – –

Compare Venezuela, RB with other countries