South Africa vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while South Africa ranked 35th with $368.3B. By GDP 5-years average growth and GDP per capita, Venezuela and South Africa ranked 181st vs 151st and 58th vs 95th, respectively.

Gross Domestic Product & Income

StatSouth AfricaVenezuela
GDP$368.3B$482.4B
GDP growth, 1 year0.8%-18%
GDP growth, 5-years average1.1%-12.2%
Population57.7M28.5M
GDP per capita$6.4k$16k
GDP per capita growth-0.57%-18.17%
Purchasing Power Parity conversion factor6.165.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.470.89
GDP per capita, PPP adjusted$14k$8.8k
GNI, Atlas method$332.3B$392.9B
GNI per capita$5.8k$13k
GNI, PPP adjusted$765.8B$352.8B
GNI per capita, PPP adjusted$13k$12k

Financial system and Human development

StatSouth AfricaVenezuela
Income Tax Rate45%34%
Corporate Tax Rate28%34%
Inflation, consumer prices4.6%929789.5%
Inflation, GDP deflator3.9%748.1%
Unemployment27%8.4%
Economic Freedom Index58.825.2
Personal Freedom Index6.926.33
Human Freedom Index6.785.27
Property Rights Index58.410.1
Judical Effectiveness Index3812.6
Business Freedom Index6230.8
Fiscal Health Index640
Labor Freedom Index58.827.7
Investment Freedom Index450
Financial Freedom Index5010
Trade Freedom Index75.858
Monetary Freedom Index75.90
Government Spending Index67.466.3
Tax Burden Index63.772.8
Government Integrity Index46.614.6
Corruption Perceptions Index4318
Life expectancy at birth, years63.572.2
Suicide mortality rate, per 100,000 people11.63.7
Mortality caused by road traffic injury, per 100,000 people25.933.7
Intentional homicides, per 100,000 people35.956.3
International tourism, number of arrivals10.5M427k

Government debt & reserves

StatSouth AfricaVenezuela
Central government debt, % of GDP56.7%175.6%
External debt stocks, % of GNI50.6%33.9%
External debt stocks$179.3B$154.9B
Short-term debt, % of total reserves70.9%421.1%
Total debt service, % of exports and primary income19.9%69%
Adjusted net savings including particulate emission damage, % of GNI0.6%7.2%
Gross savings, % of GDP14.9%8.9%
Gross capital formation, % of GDP17.9%-3.7%
Total reserves including gold$51.6B$9.8B
Foreign direct investment net inflows$5.5B$956M

Exports, imports and economic structure

StatSouth AfricaVenezuela
Exports of goods and services, % of GDP29.9%30.7%
Imports of goods and services, % of GDP29.6%36.4%
Current account balance (balance of payments)-$13.4B-$3.9B
Revenue excluding grants, % of GDP30.9%N/A
Grants excluding technical cooperation, BoP$817.9M$125.8M
Personal remittances received$929M$297.1M
Industry including construction value added, % of GDP25.9%37.2%
Agriculture, forestry and fishing value added, % of GDP2.2%5%
Charges for the use of intellectual property, payments BoP$1.8B$258M
Charges for the use of intellectual property, receipts BoP$120.7MN/A
Expense, % of GDP34.4%N/A
Government Expenditure, % of GDP33%33.5%

Compare with countries close by GDP per capita

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M

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