Mongolia vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Mongolia ranked 134th with $13.1B. By GDP 5-years average growth and GDP per capita, Venezuela and Mongolia ranked 181st vs 39th and 58th vs 118th, respectively.

Gross Domestic Product & Income

StatMongoliaVenezuela
GDP$13.1B$482.4B
GDP growth, 1 year6.9%-18%
GDP growth, 5-years average4.7%-12.2%
Population3.1M28.5M
GDP per capita$4.1k$16k
GDP per capita growth5.32%-18.17%
Purchasing Power Parity conversion factor738.485.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.89
GDP per capita, PPP adjusted$13k$8.8k
GNI, Atlas method$11.6B$392.9B
GNI per capita$3.7k$13k
GNI, PPP adjusted$39.6B$352.8B
GNI per capita, PPP adjusted$13k$12k

Financial system and Human development

StatMongoliaVenezuela
Income Tax Rate10%34%
Corporate Tax Rate25%34%
Inflation, consumer prices7.7%929789.5%
Inflation, GDP deflator8.1%748.1%
Unemployment6.3%8.4%
Economic Freedom Index55.925.2
Personal Freedom Index7.636.33
Human Freedom Index7.175.27
Property Rights Index50.310.1
Judical Effectiveness Index2312.6
Business Freedom Index63.630.8
Fiscal Health Index9.30
Labor Freedom Index75.727.7
Investment Freedom Index500
Financial Freedom Index6010
Trade Freedom Index7458
Monetary Freedom Index74.20
Government Spending Index66.666.3
Tax Burden Index87.472.8
Government Integrity Index36.914.6
Corruption Perceptions Index3718
Life expectancy at birth, years69.572.2
Suicide mortality rate, per 100,000 people133.7
Mortality caused by road traffic injury, per 100,000 people16.533.7
Intentional homicides, per 100,000 people6.256.3
International tourism, number of arrivals529k427k

Government debt & reserves

StatMongoliaVenezuela
Central government debt, % of GDP73.3%175.6%
External debt stocks, % of GNI253.9%33.9%
External debt stocks$29.4B$154.9B
Short-term debt, % of total reserves87.3%421.1%
Total debt service, % of exports and primary income101.6%69%
Adjusted net savings including particulate emission damage, % of GNI-10.3%7.2%
Gross savings, % of GDP30.3%8.9%
Gross capital formation, % of GDP43.1%-3.7%
Total reserves including gold$3.5B$9.8B
Foreign direct investment net inflows$2B$956M

Exports, imports and economic structure

StatMongoliaVenezuela
Exports of goods and services, % of GDP58.7%30.7%
Imports of goods and services, % of GDP64.2%36.4%
Current account balance (balance of payments)-$1.9B-$3.9B
Revenue excluding grants, % of GDP24.9%N/A
Grants excluding technical cooperation, BoP$115.6M$125.8M
Personal remittances received$440.6M$297.1M
Industry including construction value added, % of GDP38.7%37.2%
Agriculture, forestry and fishing value added, % of GDP10.8%5%
Charges for the use of intellectual property, payments BoP$16.1M$258M
Charges for the use of intellectual property, receipts BoP$1.4MN/A
Expense, % of GDP23.8%N/A
Government Expenditure, % of GDP33.4%33.5%

Compare with countries close by GDP per capita

Mongolia vs

CountryGDP
per capita
Population
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
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k

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