India vs Venezuela: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Venezuela ranked 27th with $482.4B. By GDP 5-years average growth and GDP per capita, India and Venezuela ranked 6th vs 181st and 150th vs 58th, respectively.

Gross Domestic Product & Income

StatIndiaVenezuela
GDP$2.7T$482.4B
GDP growth, 1 year7.1%-18%
GDP growth, 5-years average7.6%-12.2%
Population1.3B28.5M
GDP per capita$2k$16k
GDP per capita growth5.71%-18.17%
Purchasing Power Parity conversion factor18.15.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.89
GDP per capita, PPP adjusted$7.9k$8.8k
GNI, Atlas method$2.7T$392.9B
GNI per capita$2k$13k
GNI, PPP adjusted$10.4T$352.8B
GNI per capita, PPP adjusted$7.7k$12k

Financial system and Human development

StatIndiaVenezuela
Income Tax Rate30.9%34%
Corporate Tax Rate32.4%34%
Inflation, consumer prices3.5%929789.5%
Inflation, GDP deflator4.1%748.1%
Unemployment2.6%8.4%
Economic Freedom Index56.525.2
Personal Freedom Index6.966.33
Human Freedom Index6.85.27
Property Rights Index6310.1
Judical Effectiveness Index64.112.6
Business Freedom Index65.630.8
Fiscal Health Index13.10
Labor Freedom Index41.227.7
Investment Freedom Index400
Financial Freedom Index4010
Trade Freedom Index73.458
Monetary Freedom Index730
Government Spending Index77.966.3
Tax Burden Index79.472.8
Government Integrity Index47.214.6
Corruption Perceptions Index4118
Life expectancy at birth, years69.272.2
Suicide mortality rate, per 100,000 people16.33.7
Mortality caused by road traffic injury, per 100,000 people22.633.7
Intentional homicides, per 100,000 people3.256.3
International tourism, number of arrivals17.4M427k

Government debt & reserves

StatIndiaVenezuela
Central government debt, % of GDP69.8%175.6%
External debt stocks, % of GNI19.3%33.9%
External debt stocks$521.4B$154.9B
Short-term debt, % of total reserves26.1%421.1%
Total debt service, % of exports and primary income11.4%69%
Adjusted net savings including particulate emission damage, % of GNI16.3%7.2%
Gross savings, % of GDP30.9%8.9%
Gross capital formation, % of GDP31.3%-3.7%
Total reserves including gold$399.2B$9.8B
Foreign direct investment net inflows$42.1B$956M

Exports, imports and economic structure

StatIndiaVenezuela
Exports of goods and services, % of GDP19.7%30.7%
Imports of goods and services, % of GDP23.6%36.4%
Current account balance (balance of payments)-$65.6B-$3.9B
Revenue excluding grants, % of GDP12.9%N/A
Grants excluding technical cooperation, BoP$689.4M$125.8M
Personal remittances received$78.8B$297.1M
Industry including construction value added, % of GDP26.7%37.2%
Agriculture, forestry and fishing value added, % of GDP14.6%5%
Charges for the use of intellectual property, payments BoP$7.9B$258M
Charges for the use of intellectual property, receipts BoP$784.9MN/A
Expense, % of GDP14.9%N/A
Government Expenditure, % of GDP27.1%33.5%

Compare with countries close by GDP per capita

India vs

CountryGDP
per capita
Population
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M

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