Tanzania vs Venezuela: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Tanzania ranked 80th with $58B. By GDP 5-years average growth and GDP per capita, Venezuela and Tanzania ranked 181st vs 18th and 58th vs 169th, respectively.

Gross Domestic Product & Income

Stat	Tanzania	Venezuela
GDP	$58B	$482.4B
GDP growth, 1 year	6.6%	-18%
GDP growth, 5-years average	6.6%	-12.2%
Population	57.3M	28.5M
GDP per capita	$1.1k	$16k
GDP per capita growth	2.12%	-18.17%
Purchasing Power Parity conversion factor	741.25	5.57
Price level ratio of PPP conversion factor GDP to market exchange rate	0.33	0.89
GDP per capita, PPP adjusted	$3.4k	$8.8k
GNI, Atlas method	$55.7B	$392.9B
GNI per capita	$1k	$13k
GNI, PPP adjusted	$171.7B	$352.8B
GNI per capita, PPP adjusted	$3.2k	$12k

Financial system and Human development

Stat	Tanzania	Venezuela
Income Tax Rate	30%	34%
Corporate Tax Rate	30%	34%
Inflation, consumer prices	3.5%	929789.5%
Inflation, GDP deflator	4.8%	748.1%
Unemployment	1.9%	8.4%
Economic Freedom Index	61.7	25.2
Personal Freedom Index	6.51	6.33
Human Freedom Index	6.37	5.27
Property Rights Index	41.9	10.1
Judical Effectiveness Index	43.4	12.6
Business Freedom Index	45.9	30.8
Fiscal Health Index	92.9	0
Labor Freedom Index	66.4	27.7
Investment Freedom Index	55	0
Financial Freedom Index	50	10
Trade Freedom Index	67.8	58
Monetary Freedom Index	72.2	0
Government Spending Index	91.6	66.3
Tax Burden Index	80.6	72.8
Government Integrity Index	32.5	14.6
Corruption Perceptions Index	36	18
Life expectancy at birth, years	64.5	72.2
Suicide mortality rate, per 100,000 people	5.4	3.7
Mortality caused by road traffic injury, per 100,000 people	29.2	33.7
Intentional homicides, per 100,000 people	7	56.3
International tourism, number of arrivals	1.4M	427k

Government debt & reserves

Stat	Tanzania	Venezuela
Central government debt, % of GDP	36%	175.6%
External debt stocks, % of GNI	33.1%	33.9%
External debt stocks	$18.6B	$154.9B
Short-term debt, % of total reserves	35.9%	421.1%
Total debt service, % of exports and primary income	8.4%	69%
Adjusted net savings including particulate emission damage, % of GNI	23.1%	7.2%
Gross savings, % of GDP	30.5%	8.9%
Gross capital formation, % of GDP	34%	-3.7%
Total reserves including gold	$5B	$9.8B
Foreign direct investment net inflows	$1.1B	$956M

Exports, imports and economic structure

Stat	Tanzania	Venezuela
Exports of goods and services, % of GDP	15.1%	30.7%
Imports of goods and services, % of GDP	17.1%	36.4%
Current account balance (balance of payments)	-$1.9B	-$3.9B
Revenue excluding grants, % of GDP	13.7%	N/A
Grants excluding technical cooperation, BoP	$1.6B	$125.8M
Personal remittances received	$412.9M	$297.1M
Industry including construction value added, % of GDP	25.1%	37.2%
Agriculture, forestry and fishing value added, % of GDP	28.7%	5%
Charges for the use of intellectual property, payments BoP	$6.1M	$258M
Charges for the use of intellectual property, receipts BoP	$83k	N/A
Expense, % of GDP	14.3%	N/A
Government Expenditure, % of GDP	16.8%	33.5%