North Korea vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while North Korea ranked 89th with $43.3B. By GDP 5-years average growth and GDP per capita, Venezuela and North Korea ranked 181st vs 172nd and 58th vs 154th, respectively.

Gross Domestic Product & Income

StatNorth KoreaVenezuela
GDP$43.3B$482.4B
GDP growth, 1 year-4.1%-18%
GDP growth, 5-years average-0.8%-12.2%
Population25.5M28.5M
GDP per capita$1.7k$16k
GDP per capita growthN/A-18.17%
Purchasing Power Parity conversion factorN/A5.57
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.89
GDP per capita, PPP adjusted$1.7k$8.8k
GNI, Atlas methodN/A$392.9B
GNI per capitaN/A$13k
GNI, PPP adjustedN/A$352.8B
GNI per capita, PPP adjustedN/A$12k

Financial system and Human development

StatNorth KoreaVenezuela
Income Tax RateN/A34%
Corporate Tax RateN/A34%
Inflation, consumer pricesN/A929789.5%
Inflation, GDP deflatorN/A748.1%
Unemployment3.3%8.4%
Economic Freedom Index4.225.2
Personal Freedom Index1.46.33
Human Freedom Index1.45.27
Property Rights Index20.110.1
Judical Effectiveness Index512.6
Business Freedom Index530.8
Fiscal Health Index00
Labor Freedom Index527.7
Investment Freedom Index00
Financial Freedom Index010
Trade Freedom Index058
Monetary Freedom Index00
Government Spending Index066.3
Tax Burden Index072.8
Government Integrity Index15.114.6
Corruption Perceptions Index1418
Life expectancy at birth, years71.972.2
Suicide mortality rate, per 100,000 people11.23.7
Mortality caused by road traffic injury, per 100,000 people20.833.7
Intentional homicides, per 100,000 people4.456.3
International tourism, number of arrivalsN/A427k

Government debt & reserves

StatNorth KoreaVenezuela
Central government debt, % of GDPN/A175.6%
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 GNIN/A7.2%
Gross savings, % of GDPN/A8.9%
Gross capital formation, % of GDPN/A-3.7%
Total reserves including goldN/A$9.8B
Foreign direct investment net inflows$52M$956M

Exports, imports and economic structure

StatNorth KoreaVenezuela
Exports of goods and services, % of GDPN/A30.7%
Imports of goods and services, % of GDPN/A36.4%
Current account balance (balance of payments)N/A-$3.9B
Revenue excluding grants, % of GDPN/AN/A
Grants excluding technical cooperation, BoP$118.5M$125.8M
Personal remittances receivedN/A$297.1M
Industry including construction value added, % of GDPN/A37.2%
Agriculture, forestry and fishing value added, % of GDPN/A5%
Charges for the use of intellectual property, payments BoPN/A$258M
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/AN/A
Government Expenditure, % of GDPN/A33.5%

Compare with countries close by GDP per capita

North Korea vs

CountryGDP
per capita
Population
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
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
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
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M

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