Africa's Development Dynamics (AfDD) Table 16 - Public finances in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Africa's Development Dynamics (AfDD) Table 16 - Public finances was 14.38 Percentage of GDP in 2023. ▼ Falling
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Venezuela, Bolivarian Republic of, 2000–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for africa's development dynamics (afdd) table 16 - public finances in Venezuela, Bolivarian Republic of is 14.38 Percentage of GDP, measured in 2023.
Compared with earlier readings it is up 0.5% on the previous year and down 60.6% over ten years.
Over the whole period, africa's development dynamics (afdd) table 16 - public finances in Venezuela, Bolivarian Republic of peaked at 39.34 Percentage of GDP in 2006 and was at its lowest, 9.52 Percentage of GDP, in 2020.
Venezuela, Bolivarian Republic of ranks 161st of 166 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Africa's Development Dynamics (AfDD) Table 16 - Public finances in Venezuela, Bolivarian Republic of, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 28.23 Percentage of GDP | — |
| 2001 | 31.95 Percentage of GDP | +13.2% |
| 2002 | 30.93 Percentage of GDP | -3.2% |
| 2003 | 32.24 Percentage of GDP | +4.2% |
| 2004 | 31.88 Percentage of GDP | -1.1% |
| 2005 | 33.55 Percentage of GDP | +5.3% |
| 2006 | 39.34 Percentage of GDP | +17.2% |
| 2007 | 35.96 Percentage of GDP | -8.6% |
| 2008 | 34.81 Percentage of GDP | -3.2% |
| 2009 | 33.24 Percentage of GDP | -4.5% |
| 2010 | 30.98 Percentage of GDP | -6.8% |
| 2011 | 39.26 Percentage of GDP | +26.7% |
| 2012 | 38.09 Percentage of GDP | -3.0% |
| 2013 | 36.52 Percentage of GDP | -4.1% |
| 2014 | 31.6 Percentage of GDP | -13.5% |
| 2015 | 23.02 Percentage of GDP | -27.2% |
| 2016 | 19.69 Percentage of GDP | -14.4% |
| 2017 | 21.75 Percentage of GDP | +10.5% |
| 2018 | 37.17 Percentage of GDP | +70.9% |
| 2019 | 20.06 Percentage of GDP | -46.0% |
| 2020 | 9.52 Percentage of GDP | -52.6% |
| 2021 | 11.88 Percentage of GDP | +24.8% |
| 2022 | 14.3 Percentage of GDP | +20.4% |
| 2023 | 14.38 Percentage of GDP | +0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.21 Percentage of GDP | 28.23 Percentage of GDP | 39.34 Percentage of GDP | 10 |
| 2010s | 29.82 Percentage of GDP | 19.69 Percentage of GDP | 39.26 Percentage of GDP | 10 |
| 2020s | 12.52 Percentage of GDP | 9.52 Percentage of GDP | 14.38 Percentage of GDP | 4 |
Countries ranked near Venezuela, Bolivarian Republic of
- 158 Iran, Islamic Republic of 15.41 Percentage of GDP compare
- 159 Bangladesh 15.17 Percentage of GDP compare
- 160 Guatemala 15 Percentage of GDP compare
- 162 Lebanon 12.67 Percentage of GDP compare
- 163 Sudan 12.08 Percentage of GDP compare
- 164 Turkmenistan 11.08 Percentage of GDP compare
More economy & growth data for Venezuela, Bolivarian Republic of
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Manufacturing, value added (current US$), per unit of GDP 0 current US$ per US$ of GDP (2011)
- Manufacturing, value added (current US$), per capita 0 current US$ per person (2011)
- Manufacturing, value added (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2011)
- Manufacturing, value added (current LCU), per capita 0 current LCU per person (2011)
- Manufacturing, value added (constant LCU), per capita 229.58 constant LCU per person (2014)
- Industry (including construction), value added (current US$), annual -100 % change on previous year (1991)
- Industry (including construction), value added (current US$), per 0 current US$ per US$ of GDP (2011)
- Industry (including construction), value added (current US$), per 0 current US$ per person (2011)
Frequently asked questions
- What is africa's development dynamics (afdd) table 16 - public finances in Venezuela, Bolivarian Republic of?
- Africa's development dynamics (afdd) table 16 - public finances in Venezuela, Bolivarian Republic of was 14.38 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 16 - public finances recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 39.34 Percentage of GDP in 2006.
- What is the lowest africa's development dynamics (afdd) table 16 - public finances recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 9.52 Percentage of GDP in 2020.
- How does Venezuela, Bolivarian Republic of rank for africa's development dynamics (afdd) table 16 - public finances?
- Venezuela, Bolivarian Republic of ranks 161st out of 166 countries with data for 2023.
- Is africa's development dynamics (afdd) table 16 - public finances rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 60.6%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 16 - Public finances — General government expenditure. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 16 shows data on public finance, including taxes, revenues, expenditure, and debt. Some of these figures are not available at the national level, but only for aggregations of groups of countries.