Economy of Venezuela

Imports
Imports commoditiesagricultural products, livestock, raw materials, machinery and equipment, transport equipment, construction materials, medical equipment, pharmaceuticals, chemicals, iron and steel products
Import partnersUS 31.7%, China 16.8%, Brazil 9.1%, Colombia 4.8% (2012)
Exports
Exports commoditiespetroleum, bauxite and aluminum, minerals, chemicals, agricultural products, basic manufactures
Export partnersUS 39.1%, China 14.3%, India 12%, Netherlands Antilles 7.8%, Cuba 4.6% (2012)
Economy sectors
Agriculture productscorn, sorghum, sugarcane, rice, bananas, vegetables, coffee; beef, pork, milk, eggs; fish
Industrial productspetroleum, construction materials, food processing, textiles; iron ore mining, steel, aluminum; motor vehicle assembly, chemical products, paper products
Economy
Unemployment7.90 % (2013)7.80 % (2012)8.20 % (2011)
Unemployment of Venezuela
GDP - Official Exchange Rate368 Billion $ (2013)376 Billion $ (2012)316 Billion $ (2011)
GDP - Official Exchange Rate of Venezuela
GDP growth rate1.60 % (2013)5.60 % (2012)4.20 % (2011)
GDP growth rate of Venezuela
GDP per Capita (PPP)13,600 $ (2013)13,500 $ (2012)12,800 $ (2011)
GDP per Capita (PPP) of Venezuela
GDP - Purchasing Power Parity407 Billion $ (2013)398 Billion $ (2012)380 Billion $ (2011)
GDP - Purchasing Power Parity of Venezuela
GDP PPP per land area447 Thousand $ per square kilometer (2013)436 Thousand $ per square kilometer (2012)417 Thousand $ per square kilometer (2011)
GDP PPP per land area of Venezuela
ElectricityBanking
Central bank discount rate29.5 % (2010)29.5 % (2009)33.5 % (2008)
Central bank discount rate of Venezuela
Commercial bank prime lending rate18.0 % (2013)16.4 % (2012)17.2 % (2011)
Commercial bank prime lending rate of Venezuela
GDP decomposition by sector
Agriculture % of GDP3.70 % (2013)3.70 % (2012)
Industry % of GDP35.5 % (2013)35.5 % (2012)
Services % of GDP60.8 % (2013)60.8 % (2012)
Tourism
International tourism, number of arrivals710 Thousand (2012)595 Thousand (2011)526 Thousand (2010)
International tourism, number of arrivals of Venezuela
International tourism, number of departures2.02 Million (2012)1.72 Million (2011)1.48 Million (2010)
International tourism, number of departures of Venezuela
Yearly Tourist arrivals to residents ratio2.53 % (2012)2.15 % (2011)1.81 % (2010)
Yearly Tourist arrivals to residents ratio of Venezuela
Debt, Current Account Balance and Budget Deficit
Public debt (Percentage of GDP)34.2 % of GDP (2013)26.8 % of GDP (2012)29.0 % of GDP (2011)
Public debt (Percentage of GDP) of Venezuela
Current Account Balance (Percentage of GDP)2.89 % of GDP (2012)7.71 % of GDP (2011)2.24 % of GDP (2010)
Current Account Balance (Percentage of GDP) of Venezuela
External Debt Stocks (Percentage of GNI)19.4 % of GNI (2012)22.7 % of GNI (2011)16.8 % of GNI (2010)
External Debt Stocks (Percentage of GNI) of Venezuela
Short-term debt (percentage of total external debt)26.9 % of total external debt (2012)27.2 % of total external debt (2011)31.7 % of total external debt (2010)
Short-term debt (percentage of total external debt) of Venezuela
Current Account Balance (Total)3.20 Billion $ (2013)11.0 Billion $ (2012)27.2 Billion $ (2011)
Current Account Balance (Total) of Venezuela
External Debt (Total)74.9 Billion $ (2013)75.8 Billion $ (2012)89.6 Billion $ (2011)
External Debt (Total) of Venezuela
External Debt (Percentage of GDP)20.4 % of GDP (2013)20.1 % of GDP (2012)28.3 % of GDP (2011)
External Debt (Percentage of GDP) of Venezuela
External Debt per Capita2,631 $ (2013)2,701 $ (2012)3,242 $ (2011)
External Debt per Capita of Venezuela