The Palestine vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while the Palestine ranked 125th with $14.6B. By GDP per capita, Venezuela and the Palestine ranked 58th vs 132nd, respectively.

Gross Domestic Product & Income

StatPalestineVenezuela
GDP$14.6B$482.4B
GDP growth, 1 year0.91%-18%
GDP growth, 5-years averageN/A-12.2%
Population4.7M28.5M
GDP per capita$3.2k$16k
GDP per capita growth-1.62%-18.17%
Purchasing Power Parity conversion factor2.235.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.620.89
GDP per capita, PPP adjusted$5.2k$8.8k
GNI, Atlas method$17B$392.9B
GNI per capita$3.7k$13k
GNI, PPP adjusted$27.4B$352.8B
GNI per capita, PPP adjusted$6k$12k

Financial system and Human development

StatPalestineVenezuela
Income Tax RateN/A34%
Corporate Tax RateN/A34%
Inflation, consumer prices-0.2%929789.5%
Inflation, GDP deflator-0.1%748.1%
Unemployment26.3%8.4%
Economic Freedom Index3025.2
Personal Freedom Index4.16.33
Human Freedom Index45.27
Property Rights IndexN/A10.1
Judical Effectiveness IndexN/A12.6
Business Freedom IndexN/A30.8
Fiscal Health IndexN/A0
Labor Freedom IndexN/A27.7
Investment Freedom IndexN/A0
Financial Freedom IndexN/A10
Trade Freedom IndexN/A58
Monetary Freedom IndexN/A0
Government Spending IndexN/A66.3
Tax Burden IndexN/A72.8
Government Integrity IndexN/A14.6
Corruption Perceptions Index1818
Life expectancy at birth, years73.772.2
Suicide mortality rate, per 100,000 people4.33.7
Mortality caused by road traffic injury, per 100,000 people19.533.7
Intentional homicides, per 100,000 people0.756.3
International tourism, number of arrivals606k427k

Government debt & reserves

StatPalestineVenezuela
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 GDP12.6%8.9%
Gross capital formation, % of GDP24.2%-3.7%
Total reserves including gold$537.8M$9.8B
Foreign direct investment net inflows$262.5M$956M

Exports, imports and economic structure

StatPalestineVenezuela
Exports of goods and services, % of GDP19.9%30.7%
Imports of goods and services, % of GDP59.7%36.4%
Current account balance (balance of payments)-$1.7B-$3.9B
Revenue excluding grants, % of GDP6.9%N/A
Grants excluding technical cooperation, BoP$2.1B$125.8M
Personal remittances received$2.5B$297.1M
Industry including construction value added, % of GDP19.6%37.2%
Agriculture, forestry and fishing value added, % of GDP3.2%5%
Charges for the use of intellectual property, payments BoP$1.4M$258M
Charges for the use of intellectual property, receipts BoP$1.6kN/A
Expense, % of GDP8.3%N/A
Government Expenditure, % of GDPN/A33.5%

Compare with countries close by GDP per capita

Palestine vs

CountryGDP
per capita
Population
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
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
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
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

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