Colombia vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Colombia ranked 39th with $331B. By GDP 5-years average growth and GDP per capita, Venezuela and Colombia ranked 181st vs 101st and 58th vs 94th, respectively.

Gross Domestic Product & Income

StatColombiaVenezuela
GDP$331B$482.4B
GDP growth, 1 year2.7%-18%
GDP growth, 5-years average2.8%-12.2%
Population49.1M28.5M
GDP per capita$6.7k$16k
GDP per capita growth1.02%-18.17%
Purchasing Power Parity conversion factor1312.745.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.89
GDP per capita, PPP adjusted$15k$8.8k
GNI, Atlas method$306.9B$392.9B
GNI per capita$6.2k$13k
GNI, PPP adjusted$718.9B$352.8B
GNI per capita, PPP adjusted$14k$12k

Financial system and Human development

StatColombiaVenezuela
Income Tax Rate39%34%
Corporate Tax Rate33%34%
Inflation, consumer prices3.2%929789.5%
Inflation, GDP deflator3.7%748.1%
Unemployment9.1%8.4%
Economic Freedom Index69.225.2
Personal Freedom Index6.936.33
Human Freedom Index6.785.27
Property Rights Index61.110.1
Judical Effectiveness Index32.812.6
Business Freedom Index71.330.8
Fiscal Health Index85.50
Labor Freedom Index7827.7
Investment Freedom Index800
Financial Freedom Index7010
Trade Freedom Index81.258
Monetary Freedom Index77.50
Government Spending Index7766.3
Tax Burden Index70.472.8
Government Integrity Index46.114.6
Corruption Perceptions Index3618
Life expectancy at birth, years76.972.2
Suicide mortality rate, per 100,000 people7.23.7
Mortality caused by road traffic injury, per 100,000 people18.533.7
Intentional homicides, per 100,000 people24.956.3
International tourism, number of arrivals3.9M427k

Government debt & reserves

StatColombiaVenezuela
Central government debt, % of GDP50.5%175.6%
External debt stocks, % of GNI42.3%33.9%
External debt stocks$134.9B$154.9B
Short-term debt, % of total reserves31.5%421.1%
Total debt service, % of exports and primary income40.8%69%
Adjusted net savings including particulate emission damage, % of GNI2.8%7.2%
Gross savings, % of GDP15.1%8.9%
Gross capital formation, % of GDP21.2%-3.7%
Total reserves including gold$47.9B$9.8B
Foreign direct investment net inflows$11.5B$956M

Exports, imports and economic structure

StatColombiaVenezuela
Exports of goods and services, % of GDP15.9%30.7%
Imports of goods and services, % of GDP20.8%36.4%
Current account balance (balance of payments)-$13B-$3.9B
Revenue excluding grants, % of GDP22.9%N/A
Grants excluding technical cooperation, BoP$741.3M$125.8M
Personal remittances received$6.4B$297.1M
Industry including construction value added, % of GDP26.7%37.2%
Agriculture, forestry and fishing value added, % of GDP6.3%5%
Charges for the use of intellectual property, payments BoP$471.4M$258M
Charges for the use of intellectual property, receipts BoP$105.6MN/A
Expense, % of GDP25.3%N/A
Government Expenditure, % of GDP27.7%33.5%

Compare with countries close by GDP per capita

Colombia vs

CountryGDP
per capita
Population
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
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
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
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

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