Sweden vs Venezuela: Economic Indicators Comparison

Sweden with a GDP of $556.1B ranked the 23rd largest economy in the world, while Venezuela ranked 27th with $482.4B. By GDP 5-years average growth and GDP per capita, Sweden and Venezuela ranked 98th vs 181st and 14th vs 58th, respectively.

Gross Domestic Product & Income

Stat	Sweden	Venezuela
GDP	$556.1B	$482.4B
GDP growth, 1 year	2.3%	-18%
GDP growth, 5-years average	2.8%	-12.2%
Population	10.3M	28.5M
GDP per capita	$55k	$16k
GDP per capita growth	0.97%	-18.17%
Purchasing Power Parity conversion factor	8.92	5.57
Price level ratio of PPP conversion factor GDP to market exchange rate	1.03	0.89
GDP per capita, PPP adjusted	$53k	$8.8k
GNI, Atlas method	$565.1B	$392.9B
GNI per capita	$55k	$13k
GNI, PPP adjusted	$550.2B	$352.8B
GNI per capita, PPP adjusted	$54k	$12k

Financial system and Human development

Stat	Sweden	Venezuela
Income Tax Rate	57%	34%
Corporate Tax Rate	21.4%	34%
Inflation, consumer prices	2%	929789.5%
Inflation, GDP deflator	2.3%	748.1%
Unemployment	6.4%	8.4%
Economic Freedom Index	74.9	25.2
Personal Freedom Index	9.37	6.33
Human Freedom Index	8.48	5.27
Property Rights Index	88.8	10.1
Judical Effectiveness Index	79.9	12.6
Business Freedom Index	85.3	30.8
Fiscal Health Index	97	0
Labor Freedom Index	53.8	27.7
Investment Freedom Index	85	0
Financial Freedom Index	80	10
Trade Freedom Index	86.4	58
Monetary Freedom Index	81.2	0
Government Spending Index	25.8	66.3
Tax Burden Index	43.6	72.8
Government Integrity Index	91.4	14.6
Corruption Perceptions Index	85	18
Life expectancy at birth, years	82.3	72.2
Suicide mortality rate, per 100,000 people	14.8	3.7
Mortality caused by road traffic injury, per 100,000 people	2.8	33.7
Intentional homicides, per 100,000 people	1.1	56.3
International tourism, number of arrivals	7.4M	427k

Government debt & reserves

Stat	Sweden	Venezuela
Central government debt, % of GDP	39%	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	19.1%	7.2%
Gross savings, % of GDP	29.2%	8.9%
Gross capital formation, % of GDP	26.8%	-3.7%
Total reserves including gold	$60.6B	$9.8B
Foreign direct investment net inflows	$9B	$956M

Exports, imports and economic structure

Stat	Sweden	Venezuela
Exports of goods and services, % of GDP	45.8%	30.7%
Imports of goods and services, % of GDP	43.3%	36.4%
Current account balance (balance of payments)	$9.5B	-$3.9B
Revenue excluding grants, % of GDP	32.8%	N/A
Grants excluding technical cooperation, BoP	N/A	$125.8M
Personal remittances received	$3.1B	$297.1M
Industry including construction value added, % of GDP	22.6%	37.2%
Agriculture, forestry and fishing value added, % of GDP	1.4%	5%
Charges for the use of intellectual property, payments BoP	$4.9B	$258M
Charges for the use of intellectual property, receipts BoP	$7.4B	N/A
Expense, % of GDP	31.1%	N/A
Government Expenditure, % of GDP	49.7%	33.5%