Country information

Venezuela

Area

912.050 km²

Capital

Caracas

Government

Nicolás Maduro

Population

31 million

Contact

Marcela Melo

Regional Manager Bolivia, Colombia, Ecuador, Peru and Venezuela

m.melo@lateinamerikaverein.de

+49 (0) 40 413 43 151

Economic data

Basic data 2023 2024 2025
GDP growth in % 5 3,9 3 (P)
Export in billion US$ 7,8 11,6 0,8 (P)
Import in billion US$ 10,3 8,0 6,4 (P)
Key interest rate in % 56,2 57,8 59,7 (May)
Exchange rate US$/VED 17,55 - -
Inflation rate in % 337,4 85,0 73,2 (P)
HDI (Human Development Index) 0,69 0,69 -

Foreign Trade

Import products: Refined Petroleum, Cereals, Machinery (Electrical)
Import partner: China, USA

Export products: Curde Petroleum
Export partner: India, China, USA

Notes

P = Prediction
Update: 01.08.2024
Sources: UNDP, Worldbank, CEPAL, OANDA, Banco Itau, OEC