Belarus vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Belarus ranked 78th with $59.7B. By GDP 5-years average growth and GDP per capita, Venezuela and Belarus ranked 181st vs 167th and 58th vs 97th, respectively.

Gross Domestic Product & Income

StatBelarusVenezuela
GDP$59.7B$482.4B
GDP growth, 1 year3%-18%
GDP growth, 5-years average0.2%-12.2%
Population9.4M28.5M
GDP per capita$6.3k$16k
GDP per capita growth3.19%-18.17%
Purchasing Power Parity conversion factor0.645.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.310.89
GDP per capita, PPP adjusted$20k$8.8k
GNI, Atlas method$53.8B$392.9B
GNI per capita$5.7k$13k
GNI, PPP adjusted$182.5B$352.8B
GNI per capita, PPP adjusted$19k$12k

Financial system and Human development

StatBelarusVenezuela
Income Tax Rate13%34%
Corporate Tax Rate18%34%
Inflation, consumer prices4.9%929789.5%
Inflation, GDP deflator11.6%748.1%
Unemployment5.7%8.4%
Economic Freedom Index61.725.2
Personal Freedom Index6.246.33
Human Freedom Index6.165.27
Property Rights Index63.210.1
Judical Effectiveness Index48.412.6
Business Freedom Index76.430.8
Fiscal Health Index95.40
Labor Freedom Index74.827.7
Investment Freedom Index300
Financial Freedom Index2010
Trade Freedom Index8258
Monetary Freedom Index69.80
Government Spending Index54.166.3
Tax Burden Index88.872.8
Government Integrity Index37.414.6
Corruption Perceptions Index4418
Life expectancy at birth, years74.172.2
Suicide mortality rate, per 100,000 people26.23.7
Mortality caused by road traffic injury, per 100,000 people8.933.7
Intentional homicides, per 100,000 people3.656.3
International tourism, number of arrivals11.5M427k

Government debt & reserves

StatBelarusVenezuela
Central government debt, % of GDP47.8%175.6%
External debt stocks, % of GNI67.7%33.9%
External debt stocks$38.8B$154.9B
Short-term debt, % of total reserves134.2%421.1%
Total debt service, % of exports and primary income13.5%69%
Adjusted net savings including particulate emission damage, % of GNI21.2%7.2%
Gross savings, % of GDP28.8%8.9%
Gross capital formation, % of GDP27.5%-3.7%
Total reserves including gold$7.2B$9.8B
Foreign direct investment net inflows$1.4B$956M

Exports, imports and economic structure

StatBelarusVenezuela
Exports of goods and services, % of GDP70.2%30.7%
Imports of goods and services, % of GDP69.1%36.4%
Current account balance (balance of payments)-$34.4M-$3.9B
Revenue excluding grants, % of GDP29.5%N/A
Grants excluding technical cooperation, BoP$56.2M$125.8M
Personal remittances received$1.4B$297.1M
Industry including construction value added, % of GDP31.5%37.2%
Agriculture, forestry and fishing value added, % of GDP6.4%5%
Charges for the use of intellectual property, payments BoP$178.6M$258M
Charges for the use of intellectual property, receipts BoP$66.1MN/A
Expense, % of GDP29.3%N/A
Government Expenditure, % of GDP39.1%33.5%

Compare with countries close by GDP per capita

Belarus vs

CountryGDP
per capita
Population
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M

Venezuela vs

CountryGDP
per capita
Population
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M