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Economy of San Marino vs Venezuela compared: GDP & Debt

Updated on by Georank

San Marino has a GDP of $2.03B compared to $99.7B for Venezuela, ranking 180/197 and 78/197 by economy size, respectively.

San Marino has $1.39B in government debt (60.6% of GDP), compared to $308B (309% of GDP) in Venezuela.

San Marino vs Venezuela GDP by year

San Marino
Venezuela
1x
Year GDP, current $
San Marino Venezuela
2025 - $99,661,244,156
2024 - $120,566,112,397
2023 $2,027,243,194 $102,377,501,186
2022 $1,831,701,023 $89,013,251,021
2021 $1,855,395,712 $56,615,026,263
2020 $1,544,713,785 $42,837,965,907
2019 $1,616,231,696 $73,014,157,108
2018 $1,655,354,329 $101,987,075,929
2017 $1,528,621,193 $115,892,475,743
2016 $1,468,342,400 $112,948,035,495
2015 $1,419,400,396 $125,249,941,854
2014 $1,673,910,988 $214,838,755,022
2013 $1,678,741,202 $258,512,396,298
2012 $1,604,701,051 $371,846,610,182
2011 $1,813,717,695 $316,482,190,800
2010 $1,881,191,950 $393,192,354,511
2009 $2,064,277,984 $329,787,628,928
2008 $2,403,214,436 $315,953,388,511
2007 $2,188,653,429 $230,364,012,576
2006 $1,909,765,811 $183,477,522,124
2005 $1,786,513,631 $145,513,489,652
2004 $1,715,341,295 $112,451,400,425
2003 $1,462,590,387 $83,620,628,582
2002 $1,148,872,076 $92,893,587,734
2001 $1,059,529,731 $122,911,036,747
2000 $1,007,661,291 $117,146,466,003
1999 $1,109,473,282 $97,972,842,462
1998 $1,048,316,226 $91,336,763,255
1997 $976,606,911 $85,837,678,560
1996 - $70,543,211,119
1995 - $77,389,487,770
1994 - $58,418,666,667
1993 - $60,037,460,783
1992 - $60,416,519,620
1991 - $53,453,444,787
1990 - $48,606,952,195
1989 - $43,536,709,104
1988 - $60,226,413,793
1987 - $48,029,034,483
1986 - $60,516,123,711
1985 - $61,965,466,667
1984 - $59,867,743,468
1983 - $67,556,279,070
1982 - $67,736,744,186
1981 - $66,327,441,860
1980 - $59,116,511,628
1979 - $48,310,930,233
1978 - $39,316,279,070
1977 - $36,210,697,674
1976 - $31,419,534,884
1975 - $27,464,651,163
1974 - $26,100,930,233
1973 - $17,035,581,395
1972 - $13,977,727,273
1971 - $12,986,590,909
1970 - $11,561,111,111
1969 - $10,285,111,111
1968 - $10,034,444,444
1967 - $9,250,000,000
1966 - $8,781,333,333
1965 - $8,427,777,778
1964 - $8,192,413,793
1963 - $9,608,717,288
1962 - $8,814,309,884
1961 - $8,067,267,031
1960 - $7,663,938,303

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/san-marino/venezuela | CC BY

GDP per capita in San Marino vs Venezuela by year

San Marino
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
San Marino Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 - - $3,495 -
2024 - - $4,244 -
2023 $59,871 $78,745 $3,617 -
2022 $54,265 $75,941 $3,155 -
2021 $54,169 $64,745 $2,005 -
2020 $44,427 $55,207 $1,506 -
2019 $46,627 $57,444 $2,523 -
2018 $47,951 $54,461 $3,422 -
2017 $45,192 $52,463 $3,792 -
2016 $44,359 $53,033 $3,671 -
2015 $43,147 $52,247 $4,097 -
2014 $51,260 $52,909 $7,101 -
2013 $50,808 $50,770 $8,642 -
2012 $47,946 $51,274 $12,582 -
2011 $55,601 $56,240 $10,844 $21,241
2010 $56,543 $58,926 $13,646 $20,236
2009 $62,429 $61,970 $11,597 $20,562
2008 $75,902 $71,724 $11,262 $21,402
2007 $70,124 $71,744 $8,332 $20,236
2006 $63,271 $67,434 $6,739 $18,399
2005 $59,878 $63,739 $5,432 $16,511
2004 $58,232 $61,114 $4,269 $14,757
2003 $52,530 $60,224 $3,230 $12,359
2002 $41,791 $57,584 $3,652 $13,375
2001 $39,035 $57,252 $4,920 $14,714
2000 $37,601 $53,713 $4,776 $14,174
1999 $41,932 $52,064 $4,071 $13,623
1998 $40,127 $47,679 $3,870 $14,568
1997 $37,853 $44,426 $3,711 $14,655
1996 - - $3,113 $13,824
1995 - - $3,487 $13,890
1994 - - $2,689 $13,370
1993 - - $2,825 $13,702
1992 - - $2,907 $13,652
1991 - - $2,633 $12,880
1990 - - $2,452 $11,628
1989 - - $2,250 -
1988 - - $3,191 -
1987 - - $2,611 -
1986 - - $3,376 -
1985 - - $3,549 -
1984 - - $3,520 -
1983 - - $4,079 -
1982 - - $4,202 -
1981 - - $4,228 -
1980 - - $3,874 -
1979 - - $3,257 -
1978 - - $2,727 -
1977 - - $2,585 -
1976 - - $2,309 -
1975 - - $2,078 -
1974 - - $2,034 -
1973 - - $1,367 -
1972 - - $1,155 -
1971 - - $1,106 -
1970 - - $1,015 -
1969 - - $932 -
1968 - - $938 -
1967 - - $893 -
1966 - - $876 -
1965 - - $869 -
1964 - - $874 -
1963 - - $1,060 -
1962 - - $1,007 -
1961 - - $954 -
1960 - - $939 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/san-marino/venezuela | CC BY

San Marino's GDP per capita is $59,871, ranking 20/197, compared to $3,495 in Venezuela, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), San Marino ranks 17th at $78,745, while Venezuela ranks 93rd at $21,241.

Economic indicators

San Marino Venezuela
Gross domestic product
$2.03B
2023
$99.7B
2025
GDP rank
180/197
2023
78/197
2025
GDP growth
0.4%
2022-2023
1.57%
2024-2025
GDP per capita
$59,871
2023
$3,495
2025
GDP per capita rank
20/197
2023
138/197
2025
GDP per capita, PPP
$78,745
2023
$21,241
2011
GDP per capita PPP rank
17/197
2023
93/197
2011
Government debt
$1.39B
2023
$308B
2025
Debt-to-GDP ratio
60.6%
2025
309%
2025
Government debt per person
$40,914
2023
$10,790
2025
Government debt per person rank
17/185
2023
58/185
2025
Average annual personal income after taxes
$46,440
2026
$2,659
2026
Market capitalization of domestic companies n/a
$3.98B
2002
Number of billionaires n/a
1
2026
Income share by richest 10% n/a
33.2%
2006
Income share by poorest 10% n/a
1.2%
2006
Government expenditure, % of GDP
22%
2025
20.3%
2025
Consumer prices inflation
2.3%
2024-2025
252%
2024-2025
Central bank interest rate n/a
58.9%
2026
Unemployment rate
4.92%
2022
7.53%
2020
Population
34159
28692435

Spending and national debt comparison by year

San Marino
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
San Marino Venezuela
Government spending Government debt Government spending Government debt
2025 22% 60.6% 20.3% 309%
2024 20.9% 62.9% 17.5% 169.1%
2023 21.7% 68.3% 13.1% 138.5%
2022 21.7% 70.6% 15.1% 164.4%
2021 37.1% 77.2% 13.1% 254.2%
2020 59.2% 69.8% 11.2% 337%
2019 22.4% 56.2% 21% 206%
2018 24.5% 56.7% 37.9% 175.3%
2017 25.6% 56.6% 21.8% 133.6%
2016 23.4% 21.4% 19.7% 138.4%
2015 26.3% 19.3% 22.9% 129.8%
2014 23.7% 21% 31.6% 84.9%
2013 30.2% 23.2% 36.5% 85.4%
2012 30.6% 17.2% 38% 58.4%
2011 25.4% 16.6% 39.4% 52.5%
2010 24.4% 20% 31.1% 37.7%
2009 24.8% 20.1% 33.3% 27.6%
2008 22% 15.5% 34.9% 20.3%
2007 20.7% 12.6% 35.9% 26.4%
2006 19.7% 14.2% 39.3% 25.7%
2005 19.3% 14.5% 33.5% 34.9%
2004 19% 16.9% 31.9% 41.8%
2003 - 16.1% 32.2% 56%
2002 - 17.2% 31% 48.2%
2001 - 11.6% 31.9% 30.7%
2000 - - 28.3% 27.7%
1999 - - 26.1% 29.6%
1998 - - 28.8% 30.7%
1997 - - 31% 34.8%
1996 - - 27.7% 45.9%
1995 - - 32.9% 45.9%
1994 - - 42.2% 63.9%
1993 - - 27.7% 57.7%
1992 - - 30.6% 54.8%
1991 - - 33.9% 62.2%
1990 - - 31.9% 63.3%
1989 - - 32.5% 61.8%
1988 - - 33.2% 46.3%
1987 - - 25.1% 58.3%
1986 - - 21.5% 45.9%
1985 - - 20.3% 34.1%
1984 - - 19.7% 36.4%
1983 - - 25.3% 21.4%
1982 - - 29% 18.6%
1981 - - 29.6% 18.9%
1980 - - 22% 16.6%
1979 - - 22.3% 19.2%
1978 - - 29.2% 16.6%
1977 - - 30.6% 12.7%
1976 - - 26.6% 9.64%
1975 - - 33.8% 8.31%
1974 - - 35.3% 7.72%
1973 - - 20% 9.78%
1972 - - 21.3% 10.6%
1971 - - 19.6% 9.64%
1970 - - 19.5% 10.6%
1969 - - 21% 9.91%
1968 - - 19.8% 7.84%
1967 - - 19.8% 6.74%
1966 - - 19.1% 5.84%
1965 - - 18.7% 5.46%
1964 - - 17.9% 4.95%
1963 - - 18.7% 6.3%
1962 - - 17.6% 7.24%
1961 - - 11.8% 8.79%
1960 - - 23.7% 8.28%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1997, retrieved 2026-07-08).

GeoRank.org/economy/san-marino/venezuela | CC BY

In 2025, San Marino's government spending was $439M, accounting for 22% of its GDP, while Venezuela spent $20.2B, or 20.3% of GDP.

Debt-to-GDP ratio is 60.6% in San Marino and 309% in Venezuela, ranking 75/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
San Marino

Venezuela
1x
Year Deficit/surplus, % of GDP
San Marino Venezuela
2025 -1% -5.84%
2024 0.39% -3.67%
2023 -0.72% -1.25%
2022 0.42% -5.29%
2021 -16.4% -5.85%
2020 -37.6% -6.63%
2019 -0.11% -10.9%
2018 -1.56% -31%
2017 -3.49% -13.3%
2016 -0.19% -8.46%
2015 -3.32% -8.06%
2014 1.06% -9.81%
2013 -7.74% -10.4%
2012 -7.08% -9.86%
2011 -4.05% -8.24%
2010 -2.24% -4.74%
2009 -2.46% -8.69%
2008 0.18% -3.46%
2007 1.83% -2.82%
2006 1.51% -1.6%
2005 3.58% 4.09%
2004 2.44% 2.47%
2003 - 0.17%
2002 - -1.48%
2001 - -4.59%
2000 - 4.45%
1999 - 0.74%
1998 - -4.49%
1997 - 2.58%
1996 - 7.94%
1995 - -5.86%
1994 - -11.2%
1993 - -2.92%
1992 - -6.37%
1991 - -2.28%
1990 - 3.84%
1989 - -0.91%
1988 - -9.24%
1987 - -7.47%
1986 - 0.82%
1985 - 6.97%
1984 - 5.33%
1983 - 1.24%
1982 - -0.17%
1981 - 4.74%
1980 - 4.41%
1979 - -3.07%
1978 - -5.44%
1977 - -4.69%
1976 - 1.65%
1975 - 0.88%
1974 - 2.76%
1973 - 1.98%
1972 - 0.42%
1971 - 0.78%
1970 - -1.22%
1969 - -2.17%
1968 - -0.32%
1967 - 0.51%
1966 - 0.23%
1965 - 0.39%
1964 - 1.91%
1963 - 1.92%
1962 - 2.14%
1961 - -1.91%
1960 - -4.08%
1959 - -4.98%
1958 - -4.86%
1957 - 6.7%
1956 - 0.76%
1955 - 0.38%
1954 - 1.84%
1953 - 0.03%
1952 - -0.5%
1951 - -0.24%
1950 - -0.23%
1949 - 0.15%
1948 - 1.27%
1947 - 0.09%
1946 - -0.9%
1945 - 2.9%
1944 - 1.85%
1943 - -0.27%
1942 - 0.2%
1941 - 0.01%
1940 - -1.07%
1939 - -0.78%
1938 - 0.68%
1937 - 0.73%
1936 - -0.52%
1935 - -2.23%
1934 - 1.34%
1933 - 1.03%
1932 - 0.51%
1931 - 1.02%
1930 - -2.03%
1929 - -0.34%
1928 - -0.68%
1927 - 1.55%
1926 - 0.14%
1925 - 0.54%
1924 - 0.37%
1923 - 1.32%
1922 - 1.57%
1921 - -0.97%
1920 - -1.75%

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1920–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/san-marino/venezuela | CC BY

In 2023, San Marino's government deficit, the difference between spending and revenue, was $14.7M, equivalent to 0.72% of GDP. This compares to Venezuela's deficit of $1.28B, or 1.25% of GDP.

Over the past 20 years, San Marino recorded a fiscal deficit in 13 of those years, while Venezuela ran a deficit in 18 years. On average, San Marino posted an annual deficit equal to 3.8% of GDP, compared to deficit of 7.19% of GDP for Venezuela.

Inflation comparison by year

Inflation
San Marino

Venezuela
1x
Year Consumer prices inflation
San Marino Venezuela
2025 2.3% 252%
2024 1.2% 49.4%
2023 5.9% 338%
2022 5.3% 186.5%
2021 1.6% 1,589%
2020 -0.1% 2,355%
2019 0.5% 19,906%
2018 1.2% 65,374%
2017 1% 438%
2016 0.6% 254.9%
2015 0.1% 121.7%
2014 1.1% 62.2%
2013 1.6% 40.6%
2012 2.8% 21.1%
2011 2.2% 26.1%
2010 2.4% 28.2%
2009 2.4% 26%
2008 4.1% 31.4%
2007 2.5% 18.7%
2006 2.1% 13.7%
2005 1.7% 16%
2004 1.4% 21.7%
2003 1.3% 31.1%
2002 - 22.4%
2001 - 12.5%
2000 - 16.2%
1999 - 23.6%
1998 - 35.8%
1997 - 50%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/san-marino/venezuela | CC BY

Over the past 23 years, San Marino has recorded an average annual inflation rate of 1.97%, compared with 3,965% in Venezuela. In 2025, inflation was 2.3% in San Marino and 252% in Venezuela.

Balance of trade

San Marino Venezuela
Current account balance
$446M
2023
-$3.87B
2016
Current account balance ranking
60/190
2023
155/190
2016
Current account balance, % of GDP
+22%
2023
-3.43%
2016
Goods imports
$2.25B
2023
$16.3B
2016
Goods exports
$2.53B
2023
$27.4B
2016
Service imports
$894M
2023
$9.47B
2016
Service exports
$1.25B
2023
$1.28B
2016
Imports of goods and services, % of GDP
155%
2023
10.1%
2025
Exports of goods and services, % of GDP
186%
2023
14.9%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

San Marino Venezuela
Economic freedom 76 27.3
Economic freedom ranking 16/197 194/197
Property rights n/a 0
Government integrity n/a 6.9
Judicial effectiveness n/a 5.1
Tax burden n/a 73.4
Government spending n/a 93
Fiscal health n/a 29.1
Business freedom n/a 31.1
Labor freedom n/a 35.5
Monetary freedom n/a 0
Trade freedom n/a 43.2
Investment freedom n/a 0
Financial freedom n/a 10

Other economic metrics

San Marino Venezuela
Services, % of GDP
56.9%
2023
51.7%
2014
Industry, % of GDP
35.8%
2023
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
0.02%
2023
5.03%
2014
GNI, Atlas method
$1.83B
2023
$110B
2025
GNI per capita, PPP
$71,920
2023
$20,840
2011
Total reserves including gold
$861M
2025
$9.79B
2017
Total reserves ranking
144/177
2025
80/177
2017
Net foreign direct investment
$52.7M
2023
-$27M
2016
Net inflows of foreign direct investment
-$18.1M
2023
$1.63B
2024
Net outflows of foreign direct investment
$0
2024
$2.6B
2024
Poverty at national poverty lines n/a
33.1%
2015
Gross capital formation, % of GDP
16.6%
2023
5.93%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/san-marino/venezuela | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1920–1997, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.