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
| Stat |  Palestine |  Venezuela |
|---|---|---|
| GDP | $14.6B | $482.4B |
| GDP growth, 1 year | 0.91% | -18% |
| GDP growth, 5-years average | N/A | -12.2% |
| Population | 4.7M | 28.5M |
| GDP per capita | $3.2k | $16k |
| GDP per capita growth | -1.62% | -18.17% |
| Purchasing Power Parity conversion factor | 2.23 | 5.57 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.62 | 0.89 |
| 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
| Stat | Palestine | Venezuela |
|---|---|---|
| Income Tax Rate | N/A | 34% |
| Corporate Tax Rate | N/A | 34% |
| Inflation, consumer prices | -0.2% | 929789.5% |
| Inflation, GDP deflator | -0.1% | 748.1% |
| Unemployment | 26.3% | 8.4% |
| Economic Freedom Index | 30 | 25.2 |
| Personal Freedom Index | 4.1 | 6.33 |
| Human Freedom Index | 4 | 5.27 |
| Property Rights Index | N/A | 10.1 |
| Judical Effectiveness Index | N/A | 12.6 |
| Business Freedom Index | N/A | 30.8 |
| Fiscal Health Index | N/A | 0 |
| Labor Freedom Index | N/A | 27.7 |
| Investment Freedom Index | N/A | 0 |
| Financial Freedom Index | N/A | 10 |
| Trade Freedom Index | N/A | 58 |
| Monetary Freedom Index | N/A | 0 |
| Government Spending Index | N/A | 66.3 |
| Tax Burden Index | N/A | 72.8 |
| Government Integrity Index | N/A | 14.6 |
| Corruption Perceptions Index | 18 | 18 |
| Life expectancy at birth, years | 73.7 | 72.2 |
| Suicide mortality rate, per 100,000 people | 4.3 | 3.7 |
| Mortality caused by road traffic injury, per 100,000 people | 19.5 | 33.7 |
| Intentional homicides, per 100,000 people | 0.7 | 56.3 |
| International tourism, number of arrivals | 606k | 427k |
Government debt & reserves
| Stat | Palestine | Venezuela |
|---|---|---|
| Central government debt, % of GDP | N/A | 175.6% |
| External debt stocks, % of GNI | N/A | 33.9% |
| External debt stocks | N/A | $154.9B |
| Short-term debt, % of total reserves | N/A | 421.1% |
| Total debt service, % of exports and primary income | N/A | 69% |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 7.2% |
| Gross savings, % of GDP | 12.6% | 8.9% |
| Gross capital formation, % of GDP | 24.2% | -3.7% |
| Total reserves including gold | $537.8M | $9.8B |
| Foreign direct investment net inflows | $262.5M | $956M |
Exports, imports and economic structure
| Stat | Palestine | Venezuela |
|---|---|---|
| Exports of goods and services, % of GDP | 19.9% | 30.7% |
| Imports of goods and services, % of GDP | 59.7% | 36.4% |
| Current account balance (balance of payments) | -$1.7B | -$3.9B |
| Revenue excluding grants, % of GDP | 6.9% | N/A |
| Grants excluding technical cooperation, BoP | $2.1B | $125.8M |
| Personal remittances received | $2.5B | $297.1M |
| Industry including construction value added, % of GDP | 19.6% | 37.2% |
| Agriculture, forestry and fishing value added, % of GDP | 3.2% | 5% |
| Charges for the use of intellectual property, payments BoP | $1.4M | $258M |
| Charges for the use of intellectual property, receipts BoP | $1.6k | N/A |
| Expense, % of GDP | 8.3% | N/A |
| Government Expenditure, % of GDP | N/A | 33.5% |
