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.

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 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 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.

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.

Industrial Production in Venezuela decreased 20.60 percent in January of 2019 over the same month in the previous year. Industrial Production in Venezuela averaged -3.02 percent from 1998 until 2019, reaching an all time high of 183.50 percent in December of 2003 and a record low of -64.90 percent in December of 2002. In Venezuela, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Venezuela Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Venezuela increased by 105 USD Million in the first quarter of 2019. Foreign Direct Investment in Venezuela averaged 578.40 USD Million from 1997 until 2019, reaching an all time high of 3061 USD Million in the third quarter of 1997 and a record low of -1509 USD Million in the second quarter of 2009. This page provides - Venezuela Foreign Direct Investment, Net Inflows - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in Venezuela decreased 53.50 percent in January of 2019 over the same month in the previous year. Retail Sales YoY in Venezuela averaged 5.74 percent from 2008 until 2019, reaching an all time high of 60.30 percent in January of 2016 and a record low of -56.20 percent in December of 2018. In Venezuela, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides - Venezuela Retail Sales YoY - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retail Sales in Venezuela decreased 29.60 percent in January of 2019 over the previous month. Retail Sales Mom in Venezuela averaged 1.56 percent from 2007 until 2019, reaching an all time high of 84.50 percent in November of 2013 and a record low of -47.60 percent in January of 2015. This page provides - Venezuela Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Venezuela decreased to 347 VEF Million in the first quarter of 2019 from 539 VEF Million in the fourth quarter of 2018. Gross Fixed Capital Formation in Venezuela averaged 3236.71 VEF Million from 1996 until 2019, reaching an all time high of 7328 VEF Million in the fourth quarter of 2012 and a record low of 347 VEF Million in the first quarter of 2019. This page provides - Venezuela Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate in Venezuela stands at 24.50 percent. Social Security Rate in Venezuela averaged 24.27 percent from 2004 until 2018, reaching an all time high of 25 percent in 2009 and a record low of 23 percent in 2005. In Venezuela, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Venezuela because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Venezuela Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate For Companies in Venezuela stands at 19 percent. Social Security Rate For Companies in Venezuela averaged 18.33 percent from 2004 until 2018, reaching an all time high of 19 percent in 2009 and a record low of 17 percent in 2005. In Venezuela, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Venezuela because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Venezuela Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate For Employees in Venezuela stands at 5.50 percent. Social Security Rate For Employees in Venezuela averaged 5.93 percent from 2004 until 2018, reaching an all time high of 6 percent in 2005 and a record low of 5.50 percent in 2017. In Venezuela, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Venezuela because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Venezuela Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Venezuela recorded a government debt equivalent to 23 percent of the country's Gross Domestic Product in 2017. Government Debt to GDP in Venezuela averaged 42.39 percent from 1994 until 2017, reaching an all time high of 72.30 percent in 2013 and a record low of 20.30 percent in 2008. 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 - Venezuela Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Spending in Venezuela decreased to 1286 VEF Million in the first quarter of 2019 from 2703 VEF Million in the fourth quarter of 2018. Government Spending in Venezuela averaged 2099.36 VEF Million from 1998 until 2019, reaching an all time high of 3645 VEF Million in the fourth quarter of 2014 and a record low of 1069 VEF Million in the second quarter of 1999. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Venezuela Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of employed persons in Venezuela increased to 15011108 in December of 2018 from 14715518 in November of 2018. Employed Persons in Venezuela averaged 11554698.59 from 1999 until 2018, reaching an all time high of 15011108 in December of 2018 and a record low of 8505814 in February of 2000. In Venezuela, employed persons are individuals with a minimum required age who work during a certain time for a business. This page provides - Venezuela Employed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The number of unemployed persons in Venezuela decreased to 1018421 in December of 2018 from 1166087 in November of 2018. Unemployed Persons in Venezuela averaged 1259836.17 from 1999 until 2018, reaching an all time high of 2406251 in February of 2003 and a record low of 760063 in November of 2008. In Venezuela, unemployed persons are individuals who are without a job and actively seeking to work. This page provides - Venezuela Unemployed Persons - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Venezuela increased to 93.65 percent in December from 92.66 percent in November of 2018. Employment Rate in Venezuela averaged 89.85 percent from 1999 until 2018, reaching an all time high of 94.47 percent in December of 2014 and a record low of 79.30 percent in February of 2003. In Venezuela, the employment rate measures the number of people who have a job as a percentage of the labour force. This page provides - Venezuela Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Venezuela decreased to 6.40 percent in December from 7.30 percent in November of 2018. Unemployment Rate in Venezuela averaged 10.15 percent from 1999 until 2018, reaching an all time high of 20.70 percent in February of 2003 and a record low of 5.50 percent in December of 2014. In Venezuela, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Venezuela Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Venezuela increased to 3050 VEF/Month in 2012 from 2346 VEF/Month in 2011. Wages in Venezuela averaged 780.44 VEF/Month from 1995 until 2012, reaching an all time high of 3050 VEF/Month in 2012 and a record low of 41.36 VEF/Month in 1995. This page provides - Venezuela Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terrorism Index in Venezuela increased to 4.10 in 2018 from 3.67 in 2017. Terrorism Index in Venezuela averaged 2.23 from 2002 until 2018, reaching an all time high of 4.10 in 2018 and a record low of 0.63 in 2013. 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).

Venezuela recorded a trade surplus of 5680 USD Million in the first quarter of 2019. Balance of Trade in Venezuela averaged 4365.15 USD Million from 1990 until 2019, reaching an all time high of 18496 USD Million in the third quarter of 2008 and a record low of -3154 USD Million in the fourth quarter of 2008. Venezuela has been recording trade surpluses since 1997 due to shipments of oil (96 percent of total exports). Main imports are: electronics, chemicals, agricultural products and livestock and base metals. Main trading partners are: United States (40 percent of total exports and 26 percent of imports) and China (11 percent of exports and 15 percent of imports). Others include: Brazil, India, Cuba and Colombia. This page provides - Venezuela Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittances in Venezuela increased to 836 USD Million in 2013 from 803 USD Million in 2012. Remittances in Venezuela averaged 502.92 USD Million from 2001 until 2013, reaching an all time high of 836 USD Million in 2013 and a record low of 136 USD Million in 2001. In Venezuela, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). This page provides - Venezuela Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Venezuela was last recorded at 16054.49 US dollars in 2014. The GDP per Capita in Venezuela is equivalent to 127 percent of the world's average. GDP per capita in Venezuela averaged 4139.50 USD from 1960 until 2014, reaching an all time high of 16054.49 USD in 2014 and a record low of 864.47 USD in 1964. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Venezuela GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Venezuela scored 16 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Venezuela averaged 21.69 Points from 1995 until 2019, reaching an all time high of 28 Points in 2001 and a record low of 16 Points 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 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 - Venezuela Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Venezuela is the 173 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Venezuela averaged 124.96 from 1995 until 2019, reaching an all time high of 173 in 2019 and a record low of 38 in 1995. 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 - Venezuela Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Sales Tax Rate in Venezuela stands at 16 percent. Sales Tax Rate in Venezuela averaged 12.40 percent from 2006 until 2020, reaching an all time high of 16 percent in 2019 and a record low of 9 percent in 2008. In Venezuela, 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 Venezuela. This page provides - Venezuela Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Venezuela increased to 4000000000 VEF/Month in April from 1800000000 VEF/Month in January of 2019. Minimum Wages in Venezuela averaged 109178051.92 VEF/Month from 1989 until 2019, reaching an all time high of 4000000000 VEF/Month in April of 2019 and a record low of 4 VEF/Month in January of 1989. In Venezuela, minimum wage refers to the lowest gross wage per month. There is also a minimum wage set for apprentices and pensioners. A Christmas bonus - Aguinaldo -(from 15 days to 4 months' pay) and a vacation bonus are compulsory for all employees. This page provides - Venezuela Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Venezuela stands at 34 percent. In Venezuela, 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 Venezuela. This page provides - Venezuela Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Venezuela stands at 34 percent. In Venezuela, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, 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 Venezuela. This page provides - Venezuela Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Venezuela was worth 280 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Venezuela represents 0.23 percent of the world economy. GDP in Venezuela averaged 100.20 USD Billion from 1960 until 2019, reaching an all time high of 482.36 USD Billion in 2014 and a record low of 7.78 USD Billion in 1960. 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 - Venezuela GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Venezuela was estimated at 32.2 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Venezuela had a population of 7.6 million people. The population of Venezuela represents 0.42 percent of the world´s total population which arguably means that one person in every 238 people on the planet is a resident of Venezuela. This page provides - Venezuela Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.