Russia vs Venezuela: Economic Indicators Comparison

Russia with a GDP of $1.7T ranked the 11th largest economy in the world, while Venezuela ranked 27th with $482.4B. By GDP 5-years average growth and GDP per capita, Russia and Venezuela ranked 162nd vs 181st and 68th vs 58th, respectively.

Gross Domestic Product & Income

StatRussiaVenezuela
GDP$1.7T$482.4B
GDP growth, 1 year2.3%-18%
GDP growth, 5-years average0.5%-12.2%
Population146.8M28.5M
GDP per capita$11k$16k
GDP per capita growth2.26%-18.17%
Purchasing Power Parity conversion factor25.645.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.89
GDP per capita, PPP adjusted$29k$8.8k
GNI, Atlas method$1.5T$392.9B
GNI per capita$10k$13k
GNI, PPP adjusted$3.9T$352.8B
GNI per capita, PPP adjusted$26k$12k

Financial system and Human development

StatRussiaVenezuela
Income Tax Rate13%34%
Corporate Tax Rate20%34%
Inflation, consumer prices2.9%929789.5%
Inflation, GDP deflator10.3%748.1%
Unemployment4.7%8.4%
Economic Freedom Index6125.2
Personal Freedom Index6.566.33
Human Freedom Index6.495.27
Property Rights Index56.810.1
Judical Effectiveness Index44.412.6
Business Freedom Index80.230.8
Fiscal Health Index98.70
Labor Freedom Index52.127.7
Investment Freedom Index300
Financial Freedom Index3010
Trade Freedom Index77.858
Monetary Freedom Index68.20
Government Spending Index63.866.3
Tax Burden Index88.572.8
Government Integrity Index41.314.6
Corruption Perceptions Index2818
Life expectancy at birth, years72.172.2
Suicide mortality rate, per 100,000 people313.7
Mortality caused by road traffic injury, per 100,000 people1833.7
Intentional homicides, per 100,000 people9.256.3
International tourism, number of arrivals24.6M427k

Government debt & reserves

StatRussiaVenezuela
Central government debt, % of GDP14%175.6%
External debt stocks, % of GNI28.1%33.9%
External debt stocks$453.9B$154.9B
Short-term debt, % of total reserves10.3%421.1%
Total debt service, % of exports and primary income19.6%69%
Adjusted net savings including particulate emission damage, % of GNI8%7.2%
Gross savings, % of GDP30.2%8.9%
Gross capital formation, % of GDP22.7%-3.7%
Total reserves including gold$468.6B$9.8B
Foreign direct investment net inflows$8.8B$956M

Exports, imports and economic structure

StatRussiaVenezuela
Exports of goods and services, % of GDP30.7%30.7%
Imports of goods and services, % of GDP20.8%36.4%
Current account balance (balance of payments)$113.5B-$3.9B
Revenue excluding grants, % of GDP27.5%N/A
Grants excluding technical cooperation, BoP$658.1M$125.8M
Personal remittances received$8.6B$297.1M
Industry including construction value added, % of GDP32.1%37.2%
Agriculture, forestry and fishing value added, % of GDP3.1%5%
Charges for the use of intellectual property, payments BoP$6.3B$258M
Charges for the use of intellectual property, receipts BoP$876.1MN/A
Expense, % of GDP28.9%N/A
Government Expenditure, % of GDP34.7%33.5%

Compare with countries close by GDP per capita

Russia vs

CountryGDP
per capita
Population
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
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M

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
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k