Prices & public finance · Latin America & Caribbean · Lower-middle income
Venezuela: prices, money and public finance
Inflation is 254.9% (2016). GDP deflator is 227.1% (2025), 1st of 209 in the world and 1st of 40 in Latin America & Caribbean. Lending rate is 21.1% (2017), 12th of 136 in the world and 3rd of 31 in Latin America & Caribbean.
Inflation
VenezuelaLatin America & CaribbeanLower-middle incomeWorld
GDP deflator
VenezuelaLatin America & CaribbeanLower-middle incomeWorld
9 indicators
Prices & public finance: Venezuela in detail
Latest reported value, world rank and rank within Latin America & Caribbean; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 254.9%2016 | — | — | · | 28.2% | · | — | 2.1% | 3.6% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 227.1%2025 | 1/209 | 1/40 | 29.6% | 46.1% | 1,885.5% | +92.2 ppsince 2015 | 3.4% | 5.0% | 3.3% | |
| Lending rateLending interest rate, % | 21.1%2017 | 12/136 | 3/31 | 25.2% | 18.3% | · | +4.0 ppsince 2007 | — | — | — | |
| Real interest rateReal interest rate, % | -89.5%2017 | 136/136 | 31/31 | -3.4% | -19.0% | · | −91.0 ppsince 2007 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 9.972017 | — | — | 0.68 | 2.58 | · | +365%since 2007 | — | — | — | |
| Private creditDomestic credit to private sector, % of GDP | 27.5%2013 | — | — | 10.5% | 18.9% | · | +18.6 ppsince 2003 | 52.9% | 38.7% | 140.3% | |
| Broad moneyBroad money, % of GDP | 48.6%2013 | — | — | 19.8% | 32.2% | · | +24.3 ppsince 2003 | 72.6% | 67.4% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 3.72016 | — | — | 7.4 | 5.6 | · | −60%since 2006 | 6.6 | 7.7 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 2.23%2017 | — | — | 1.53% | 1.01% | · | +0.3 ppsince 2007 | 1.07% | 1.92% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
No rated indicator improved over the decade.
Worse than ten years ago
- Reserves, months of imports−60%3.7 in 2016
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Venezuela and its neighbours
Countries sharing a land border with Venezuela. Latest values since 2005; the highest in each row is marked.
| Indicator | Venezuela | United States | Brazil | United Kingdom | France | Colombia |
|---|---|---|---|---|---|---|
| Inflation | 254.9%2016 | 2.9%2024 | 5.0%2025 | 3.9%2025 | 0.9%2025 | 5.1%2025 |
| GDP deflator | 227.1%2025 | 2.8%2025 | 5.7%2025 | 3.7%2025 | 1.2%2025 | 5.4%2025 |
| Lending rate | 21.1%2017 | 3.2%2021 | 45.3%2025 | 0.5%2014 | — | 14.3%2025 |
| Real interest rate | -89.5%2017 | -1.3%2021 | 37.5%2025 | -1.1%2014 | — | 8.4%2025 |
| Exchange rate | 9.972017 | 1.002025 | 5.592025 | 0.762025 | 0.882025 | 4,053.142025 |
| Private credit | 27.5%2013 | 201.3%2025 | 75.1%2025 | 112.4%2024 | 107.6%2024 | 39.9%2025 |
| Broad money | 48.6%2013 | 99.7%2025 | 118.6%2025 | 141.9%2024 | — | 43.1%2025 |
| Reserves, months of imports | 3.72016 | 2.82025 | 8.42025 | 1.42025 | 3.42025 | 7.32025 |
| Military spending | 2.23%2017 | 3.12%2025 | 1.05%2025 | 2.35%2025 | 2.03%2025 | 3.20%2025 |