Nepal vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Nepal ranked 103rd with $29B. By GDP 5-years average growth and GDP per capita, Venezuela and Nepal ranked 181st vs 37th and 58th vs 170th, respectively.

Gross Domestic Product & Income

StatNepalVenezuela
GDP$29B$482.4B
GDP growth, 1 year6.3%-18%
GDP growth, 5-years average4.8%-12.2%
Population29.4M28.5M
GDP per capita$1k$16k
GDP per capita growth4.91%-18.17%
Purchasing Power Parity conversion factor34.935.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.330.89
GDP per capita, PPP adjusted$2.9k$8.8k
GNI, Atlas method$27.2B$392.9B
GNI per capita$970$13k
GNI, PPP adjusted$87.4B$352.8B
GNI per capita, PPP adjusted$3.1k$12k

Financial system and Human development

StatNepalVenezuela
Income Tax Rate25%34%
Corporate Tax Rate25%34%
Inflation, consumer prices4.2%929789.5%
Inflation, GDP deflator6.3%748.1%
Unemployment1.3%8.4%
Economic Freedom Index54.225.2
Personal Freedom Index7.756.33
Human Freedom Index6.835.27
Property Rights Index40.710.1
Judical Effectiveness Index3212.6
Business Freedom Index61.630.8
Fiscal Health Index98.10
Labor Freedom Index53.727.7
Investment Freedom Index100
Financial Freedom Index3010
Trade Freedom Index60.458
Monetary Freedom Index71.20
Government Spending Index77.966.3
Tax Burden Index83.472.8
Government Integrity Index31.514.6
Corruption Perceptions Index3118
Life expectancy at birth, years70.272.2
Suicide mortality rate, per 100,000 people8.83.7
Mortality caused by road traffic injury, per 100,000 people15.933.7
Intentional homicides, per 100,000 people2.256.3
International tourism, number of arrivals1.2M427k

Government debt & reserves

StatNepalVenezuela
Central government debt, % of GDP30.4%175.6%
External debt stocks, % of GNI18.9%33.9%
External debt stocks$5.5B$154.9B
Short-term debt, % of total reserves3%421.1%
Total debt service, % of exports and primary income8.5%69%
Adjusted net savings including particulate emission damage, % of GNI38.1%7.2%
Gross savings, % of GDP49.5%8.9%
Gross capital formation, % of GDP55.2%-3.7%
Total reserves including gold$8.3B$9.8B
Foreign direct investment net inflows$68.2M$956M

Exports, imports and economic structure

StatNepalVenezuela
Exports of goods and services, % of GDP8.9%30.7%
Imports of goods and services, % of GDP46.3%36.4%
Current account balance (balance of payments)-$2.8B-$3.9B
Revenue excluding grants, % of GDP22.9%N/A
Grants excluding technical cooperation, BoP$629.7M$125.8M
Personal remittances received$8.3B$297.1M
Industry including construction value added, % of GDP13.5%37.2%
Agriculture, forestry and fishing value added, % of GDP25.3%5%
Charges for the use of intellectual property, payments BoPN/A$258M
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP19.4%N/A
Government Expenditure, % of GDP27.2%33.5%

Compare with countries close by GDP per capita

Nepal vs

CountryGDP
per capita
Population
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
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M

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