The Czech Republic vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while the Czech Republic ranked 46th with $245.2B. By GDP 5-years average growth and GDP per capita, Venezuela and the Czech Republic ranked 181st vs 64th and 58th vs 43rd, respectively.

Gross Domestic Product & Income

StatCzech RepublicVenezuela
GDP$245.2B$482.4B
GDP growth, 1 year2.9%-18%
GDP growth, 5-years average3.5%-12.2%
Population10.7M28.5M
GDP per capita$23k$16k
GDP per capita growth2.65%-18.17%
Purchasing Power Parity conversion factor12.625.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.580.89
GDP per capita, PPP adjusted$37k$8.8k
GNI, Atlas method$215B$392.9B
GNI per capita$20k$13k
GNI, PPP adjusted$398.8B$352.8B
GNI per capita, PPP adjusted$38k$12k

Financial system and Human development

StatCzech RepublicVenezuela
Income Tax Rate15%34%
Corporate Tax Rate19%34%
Inflation, consumer prices2.2%929789.5%
Inflation, GDP deflator2.5%748.1%
Unemployment2.4%8.4%
Economic Freedom Index74.825.2
Personal Freedom Index9.136.33
Human Freedom Index8.35.27
Property Rights Index76.810.1
Judical Effectiveness Index49.912.6
Business Freedom Index69.730.8
Fiscal Health Index97.80
Labor Freedom Index77.627.7
Investment Freedom Index800
Financial Freedom Index8010
Trade Freedom Index86.458
Monetary Freedom Index80.80
Government Spending Index52.766.3
Tax Burden Index8272.8
Government Integrity Index64.214.6
Corruption Perceptions Index5918
Life expectancy at birth, years79.572.2
Suicide mortality rate, per 100,000 people13.13.7
Mortality caused by road traffic injury, per 100,000 people5.933.7
Intentional homicides, per 100,000 people0.656.3
International tourism, number of arrivals10.6M427k

Government debt & reserves

StatCzech RepublicVenezuela
Central government debt, % of GDP33%175.6%
External debt stocks, % of GNIN/A33.9%
External debt stocksN/A$154.9B
Short-term debt, % of total reservesN/A421.1%
Total debt service, % of exports and primary incomeN/A69%
Adjusted net savings including particulate emission damage, % of GNI10.3%7.2%
Gross savings, % of GDP26.2%8.9%
Gross capital formation, % of GDP26.2%-3.7%
Total reserves including gold$142.5B$9.8B
Foreign direct investment net inflows$8.5B$956M

Exports, imports and economic structure

StatCzech RepublicVenezuela
Exports of goods and services, % of GDP78.4%30.7%
Imports of goods and services, % of GDP72%36.4%
Current account balance (balance of payments)$860M-$3.9B
Revenue excluding grants, % of GDP31.8%N/A
Grants excluding technical cooperation, BoP$243M$125.8M
Personal remittances received$3.9B$297.1M
Industry including construction value added, % of GDP32.2%37.2%
Agriculture, forestry and fishing value added, % of GDP2%5%
Charges for the use of intellectual property, payments BoP$1.5B$258M
Charges for the use of intellectual property, receipts BoP$495.7MN/A
Expense, % of GDP32.1%N/A
Government Expenditure, % of GDP39.7%33.5%

Compare with countries close by GDP per capita

Czech Republic vs

CountryGDP
per capita
Population
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
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

Venezuela vs

CountryGDP
per capita
Population
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
Nauru
$9.9k
13.7k