Slovakia vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Slovakia ranked 62nd with $105.9B. By GDP 5-years average growth and GDP per capita, Venezuela and Slovakia ranked 181st vs 65th and 58th vs 47th, respectively.

Gross Domestic Product & Income

StatSlovakiaVenezuela
GDP$105.9B$482.4B
GDP growth, 1 year4.1%-18%
GDP growth, 5-years average3.5%-12.2%
Population5.4M28.5M
GDP per capita$19k$16k
GDP per capita growth3.89%-18.17%
Purchasing Power Parity conversion factor0.495.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.580.89
GDP per capita, PPP adjusted$35k$8.8k
GNI, Atlas method$99.5B$392.9B
GNI per capita$18k$13k
GNI, PPP adjusted$180.1B$352.8B
GNI per capita, PPP adjusted$33k$12k

Financial system and Human development

StatSlovakiaVenezuela
Income Tax Rate25%34%
Corporate Tax Rate21%34%
Inflation, consumer prices2.5%929789.5%
Inflation, GDP deflator2%748.1%
Unemployment6.8%8.4%
Economic Freedom Index66.825.2
Personal Freedom Index8.876.33
Human Freedom Index8.295.27
Property Rights Index73.110.1
Judical Effectiveness Index41.712.6
Business Freedom Index55.330.8
Fiscal Health Index92.60
Labor Freedom Index52.627.7
Investment Freedom Index750
Financial Freedom Index7010
Trade Freedom Index86.458
Monetary Freedom Index75.90
Government Spending Index50.266.3
Tax Burden Index78.572.8
Government Integrity Index49.714.6
Corruption Perceptions Index5018
Life expectancy at birth, years77.272.2
Suicide mortality rate, per 100,000 people12.83.7
Mortality caused by road traffic injury, per 100,000 people6.133.7
Intentional homicides, per 100,000 people1.556.3
International tourism, number of arrivals2.3M427k

Government debt & reserves

StatSlovakiaVenezuela
Central government debt, % of GDP48.8%175.6%
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 GNI5.6%7.2%
Gross savings, % of GDP22.1%8.9%
Gross capital formation, % of GDP23.4%-3.7%
Total reserves including gold$5.2B$9.8B
Foreign direct investment net inflows$2.6B$956M

Exports, imports and economic structure

StatSlovakiaVenezuela
Exports of goods and services, % of GDP96.1%30.7%
Imports of goods and services, % of GDP94.1%36.4%
Current account balance (balance of payments)-$2.8B-$3.9B
Revenue excluding grants, % of GDP37.7%N/A
Grants excluding technical cooperation, BoP$183.9M$125.8M
Personal remittances received$2.1B$297.1M
Industry including construction value added, % of GDP30.1%37.2%
Agriculture, forestry and fishing value added, % of GDP2.4%5%
Charges for the use of intellectual property, payments BoP$749.1M$258M
Charges for the use of intellectual property, receipts BoP$55.5MN/A
Expense, % of GDP39%N/A
Government Expenditure, % of GDP40.8%33.5%

Compare with countries close by GDP per capita

Slovakia vs

CountryGDP
per capita
Population
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
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

Venezuela vs

CountryGDP
per capita
Population
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
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
Nauru
$9.9k
13.7k