As per International Monetary Fund (IMF)
Venezuela’s nominal gross domestic product is expected to grow at a CAGR of
2094.59% from it’s 2015 level of VEF 6025.33 billion and reach VEF
14772348749701.8 billion by 2022.
The Bolivarian Republic of Venezuela
(Venezuela) has a privileged location on the Northern Coast of South America,
which facilitates access to the East Coast of the United States, to the Panama
Canal, to Central America, and to the Caribbean. The country has a surface of
916,445 square kilometres and is the seventh largest country in Latin America.
The official language of Venezuela is Spanish, and the currency is the bolívar
fuerte (VEF).
Venezuela had estimated population of 31.029
million in the year 2016 and expected to reach 33.371 million by 2022.
Venezuela's unemployment rate was 21.233% of total labor force.
Venezuela's real gross domestic product (GDP)
was around VEF 45.993 billions in 2016 whereas the nominal GDP was VEF 28204.17
billions. This resulted in GDP deflator 61322.50. Per capita GDP was estimated
at USD 9258.34 whereas purchasing power parity (PPP) based per capita GDP was
estimated to be at USD 13760.56.
In 2016, Venezuela government's revenue was
VEF 4154.22 billions whereas the expenditure was VEF 8264.07 billions. This
resulted Venezuela government's net lending / borrowing negative at VEF 4109.85
billion in 2016 indicating that enough financial resources were not made
available by the government to boost economic growth.
The current account balance for Venezuela was
estimated to be negative at USD 6.942 billions for the year 2016 and is
expected to decline at a CAGR of 24.68% and reach USD 2.8 by 2022. This
negative current account balance indicates the Venezuela is a net borrower from
the whole world.
Scope of the Venezuela
PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Venezuela.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Venezuela.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Venezuela.
- These reports provide risk analysis for Venezuela.
For more information and to purchase Venezuela PESTEL Analysis Market Research
Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/venezuela-pestel-analysis-market-research-report
For more information and to purchase Venezuela SWOT Analysis Market Research
Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/venezuela-swot-analysis-market-research-report
For more information and to purchase Venezuela Risk Analysis Market Research
Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/venezuela-risk-analysis-market-research-report
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