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Economy of Ukraine vs Venezuela compared: GDP & Debt

Updated on by Georank

Ukraine has a GDP of $214B compared to $99.7B for Venezuela, ranking 57/197 and 78/197 by economy size, respectively.

Ukraine has $233B in government debt (108.7% of GDP), compared to $308B (309% of GDP) in Venezuela.

Ukraine vs Venezuela GDP by year

Ukraine
Venezuela
1x
Year GDP, current $
Ukraine Venezuela
2025 $214,233,312,784 $99,661,244,156
2024 $190,833,835,445 $120,566,112,397
2023 $181,221,517,869 $102,377,501,186
2022 $161,989,520,721 $89,013,251,021
2021 $199,765,859,571 $56,615,026,263
2020 $156,617,722,013 $42,837,965,907
2019 $153,883,047,510 $73,014,157,108
2018 $130,891,088,294 $101,987,075,929
2017 $112,090,505,082 $115,892,475,743
2016 $93,355,869,404 $112,948,035,495
2015 $91,030,967,789 $125,249,941,854
2014 $133,503,871,862 $214,838,755,022
2013 $190,498,811,460 $258,512,396,298
2012 $182,591,753,828 $371,846,610,182
2011 $169,333,835,202 $316,482,190,800
2010 $141,209,170,427 $393,192,354,511
2009 $121,552,153,444 $329,787,628,928
2008 $188,110,390,660 $315,953,388,511
2007 $148,733,861,386 $230,364,012,576
2006 $111,884,752,475 $183,477,522,124
2005 $89,238,865,119 $145,513,489,652
2004 $67,220,154,164 $112,451,400,425
2003 $52,010,355,753 $83,620,628,582
2002 $43,956,163,612 $92,893,587,734
2001 $39,309,580,983 $122,911,036,747
2000 $32,375,083,935 $117,146,466,003
1999 $31,580,639,554 $97,972,842,462
1998 $41,882,523,345 $91,336,763,255
1997 $50,151,531,592 $85,837,678,560
1996 $44,558,831,005 $70,543,211,119
1995 $48,213,856,469 $77,389,487,770
1994 $52,549,580,265 $58,418,666,667
1993 $65,648,559,903 $60,037,460,783
1992 $73,945,908,384 $60,416,519,620
1991 $77,350,733,982 $53,453,444,787
1990 $81,393,558,423 $48,606,952,195
1989 $82,709,161,099 $43,536,709,104
1988 $74,703,517,903 $60,226,413,793
1987 $64,087,694,038 $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/ukraine/venezuela | CC BY

GDP per capita in Ukraine vs Venezuela by year

Ukraine
GDP per capita

GDP per capita, PPP
Venezuela
GDP per capita

GDP per capita, PPP
1x
Year Current $
Ukraine Venezuela
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $5,496 - $3,495 -
2024 $5,040 $18,549 $4,244 -
2023 $4,803 $17,665 $3,617 -
2022 $3,946 $14,770 $3,155 -
2021 $4,510 $17,846 $2,005 -
2020 $3,505 $15,541 $1,506 -
2019 $3,423 $14,217 $2,523 -
2018 $2,895 $12,555 $3,422 -
2017 $2,467 $11,536 $3,792 -
2016 $2,047 $10,865 $3,671 -
2015 $1,988 $9,922 $4,097 -
2014 $2,904 $10,494 $7,101 -
2013 $4,130 $10,904 $8,642 -
2012 $3,951 $9,552 $12,582 -
2011 $3,657 $9,127 $10,844 $21,241
2010 $3,040 $8,453 $13,646 $20,236
2009 $2,607 $7,995 $11,597 $20,562
2008 $4,018 $9,324 $11,262 $21,402
2007 $3,160 $8,900 $8,332 $20,236
2006 $2,366 $7,971 $6,739 $18,399
2005 $1,875 $7,142 $5,432 $16,511
2004 $1,401 $6,663 $4,269 $14,757
2003 $1,076 $5,764 $3,230 $12,359
2002 $903 $5,123 $3,652 $13,375
2001 $800 $4,747 $4,920 $14,714
2000 $653 $4,228 $4,776 $14,174
1999 $632 $3,871 $4,071 $13,623
1998 $831 $3,794 $3,870 $14,568
1997 $987 $3,794 $3,711 $14,655
1996 $870 $3,812 $3,113 $13,824
1995 $933 $4,124 $3,487 $13,890
1994 $1,009 $4,565 $2,689 $13,370
1993 $1,254 $5,766 $2,825 $13,702
1992 $1,413 $6,568 $2,907 $13,652
1991 $1,483 $7,148 $2,633 $12,880
1990 $1,564 $7,591 $2,452 $11,628
1989 $1,593 - $2,250 -
1988 $1,444 - $3,191 -
1987 $1,244 - $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/ukraine/venezuela | CC BY

Ukraine's GDP per capita is $5,496, ranking 118/197, compared to $3,495 in Venezuela, ranking 138/197. Adjusted for purchasing power (GDP per capita PPP), Ukraine ranks 101st at $18,549, while Venezuela ranks 93rd at $21,241.

Economic indicators

Ukraine Venezuela
Gross domestic product
$214B
2025
$99.7B
2025
GDP rank
57/197
2025
78/197
2025
GDP growth
1.82%
2024-2025
1.57%
2024-2025
GDP per capita
$5,496
2025
$3,495
2025
GDP per capita rank
118/197
2025
138/197
2025
GDP per capita, PPP
$18,549
2024
$21,241
2011
GDP per capita PPP rank
101/197
2024
93/197
2011
Government debt
$233B
2025
$308B
2025
Debt-to-GDP ratio
108.7%
2025
309%
2025
Government debt per person
$5,977
2025
$10,790
2025
Government debt per person rank
76/185
2025
58/185
2025
Average annual personal income after taxes
$5,580
2026
$2,659
2026
Market capitalization of domestic companies
$4.42B
2018
$3.98B
2002
Number of billionaires
7
2026
1
2026
Income share by richest 10%
21.7%
2020
33.2%
2006
Income share by poorest 10%
4.3%
2020
1.2%
2006
Government expenditure, % of GDP
74.5%
2025
20.3%
2025
Consumer prices inflation
12.7%
2024-2025
252%
2024-2025
Central bank interest rate
15.5%
2025
58.9%
2026
Unemployment rate
9.83%
2021
7.53%
2020
Population
40408451
28692435

Spending and national debt comparison by year

Ukraine
Spending

Debt
Venezuela
Spending

Debt
1x
Year % of GDP
Ukraine Venezuela
Government spending Government debt Government spending Government debt
2025 74.5% 108.7% 20.3% 309%
2024 71.2% 89.7% 17.5% 169.1%
2023 73.4% 81.2% 13.1% 138.5%
2022 65.4% 77.7% 15.1% 164.4%
2021 40.5% 48.9% 13.1% 254.2%
2020 45.6% 60.5% 11.2% 337%
2019 41.5% 50.5% 21% 206%
2018 41.9% 60.4% 37.9% 175.3%
2017 41.7% 71.6% 21.8% 133.6%
2016 40.8% 79.5% 19.7% 138.4%
2015 43% 79.3% 22.9% 129.8%
2014 44.8% 70.3% 31.6% 84.9%
2013 46.3% 39% 36.5% 85.4%
2012 47.1% 36.1% 38% 58.4%
2011 44% 35.5% 39.4% 52.5%
2010 47.3% 39.1% 31.1% 37.7%
2009 46.8% 34.1% 33.3% 27.6%
2008 45.4% 19.7% 34.9% 20.3%
2007 42.1% 11.8% 35.9% 26.4%
2006 42.9% 14.3% 39.3% 25.7%
2005 42.6% 17.1% 33.5% 34.9%
2004 40.1% 23.9% 31.9% 41.8%
2003 37.5% 28.3% 32.2% 56%
2002 36.5% 32.3% 31% 48.2%
2001 35.3% 35.3% 31.9% 30.7%
2000 35.4% 43.7% 28.3% 27.7%
1999 26.7% 61% 26.1% 29.6%
1998 38.4% 48.1% 28.8% 30.7%
1997 42.2% 29.9% 31% 34.8%
1996 38.2% 24.4% 27.7% 45.9%
1995 42.7% 30.2% 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/ukraine/venezuela | CC BY

In 2025, Ukraine's government spending was $160B, accounting for 74.5% of its GDP, while Venezuela spent $20.2B, or 20.3% of GDP.

Debt-to-GDP ratio is 108.7% in Ukraine and 309% in Venezuela, ranking 16/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Ukraine

Venezuela
1x
Year Deficit/surplus, % of GDP
Ukraine Venezuela
2025 -23.3% -5.84%
2024 -17.2% -3.67%
2023 -19.3% -1.25%
2022 -15.6% -5.29%
2021 -3.97% -5.85%
2020 -5.92% -6.63%
2019 -2.08% -10.9%
2018 -2.12% -31%
2017 -2.36% -13.3%
2016 -2.46% -8.46%
2015 -1.16% -8.06%
2014 -4.46% -9.81%
2013 -4.6% -10.4%
2012 -4.15% -9.86%
2011 -2.66% -8.24%
2010 -5.56% -4.74%
2009 -6.04% -8.69%
2008 -3.02% -3.46%
2007 -1.89% -2.82%
2006 -1.31% -1.6%
2005 -2.19% 4.09%
2004 -4.25% 2.47%
2003 -0.86% 0.17%
2002 -1.77% -1.48%
2001 -2.92% -4.59%
2000 -3.18% 4.45%
1999 5.12% 0.74%
1998 -2.78% -4.49%
1997 -5.56% 2.58%
1996 -3.2% 7.94%
1995 -4.88% -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/ukraine/venezuela | CC BY

In 2025, Ukraine's government deficit, the difference between spending and revenue, was $50B, equivalent to 23.3% of GDP. This compares to Venezuela's deficit of $5.82B, or 5.84% of GDP.

Over the past 31 years, Ukraine recorded a fiscal deficit in 30 of those years, while Venezuela ran a deficit in 24 years. On average, Ukraine posted an annual deficit equal to 5.02% of GDP, compared to deficit of 4.96% of GDP for Venezuela.

Inflation comparison by year

Inflation
Ukraine

Venezuela
1x
Year Consumer prices inflation
Ukraine Venezuela
2025 12.7% 252%
2024 6.5% 49.4%
2023 12.9% 338%
2022 20.2% 186.5%
2021 9.4% 1,589%
2020 2.7% 2,355%
2019 7.9% 19,906%
2018 10.9% 65,374%
2017 14.4% 438%
2016 13.9% 254.9%
2015 48.7% 121.7%
2014 12.1% 62.2%
2013 -0.3% 40.6%
2012 0.6% 21.1%
2011 8% 26.1%
2010 9.4% 28.2%
2009 15.9% 26%
2008 25.2% 31.4%
2007 12.8% 18.7%
2006 9.1% 13.7%
2005 13.5% 16%
2004 9% 21.7%
2003 5.2% 31.1%
2002 0.8% 22.4%
2001 12% 12.5%
2000 28.2% 16.2%
1999 22.7% 23.6%
1998 10.6% 35.8%
1997 15.9% 50%

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

GeoRank.org/economy/ukraine/venezuela | CC BY

Over the past 29 years, Ukraine has recorded an average annual inflation rate of 12.8%, compared with 3,150% in Venezuela. In 2025, inflation was 12.7% in Ukraine and 252% in Venezuela.

Top exports between countries

Ukraine
Export category Export value
Processed food, beverages & tobacco $4.56M
Raw materials & minerals $1.4M
Chemicals & pharma $513K
Machinery & equipment $200K
Raw agricultural goods $79K
Animal & marine products $63K
Textiles & consumer goods $26K
Wood & paper products $18K
Venezuela
Export category Export value

Balance of trade

Ukraine Venezuela
Current account balance
-$15.2B
2024
-$3.87B
2016
Current account balance ranking
180/190
2024
155/190
2016
Current account balance, % of GDP
-7.96%
2024
-3.43%
2016
Goods imports
$72.3B
2024
$16.3B
2016
Goods exports
$39.3B
2024
$27.4B
2016
Service imports
$23.1B
2024
$9.47B
2016
Service exports
$17.3B
2024
$1.28B
2016
Imports of goods and services, % of GDP
51.8%
2025
10.1%
2025
Exports of goods and services, % of GDP
25.3%
2025
14.9%
2025

Economic freedom indices

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

Ukraine Venezuela
Economic freedom 54.1 27.3
Economic freedom ranking 135/197 194/197
Property rights 21.6 0
Government integrity 35 6.9
Judicial effectiveness 28.2 5.1
Tax burden 83.7 73.4
Government spending 0 93
Fiscal health 3.9 29.1
Business freedom 57.4 31.1
Labor freedom 46.9 35.5
Monetary freedom 65.7 0
Trade freedom 73 43.2
Investment freedom 35 0
Financial freedom 30 10

Economic freedom comparison by year

Ukraine
Venezuela
1x
Year Economic freedom index
Ukraine Venezuela
2026 - 27.3
2025 - 27.6
2024 - 28.1
2023 - 25.8
2022 54.1 24.8
2021 56.2 24.7
2020 54.9 25.2
2019 52.3 25.9
2018 51.9 25.2
2017 48.1 27
2016 46.8 33.7
2015 46.9 34.3
2014 49.3 36.3
2013 46.3 36.1
2012 46.1 38.1
2011 45.8 37.6
2010 46.4 37.1
2009 48.8 39.9
2008 51 44.7
2007 51.5 47.9
2006 54.4 44.6
2005 55.8 45.2
2004 53.7 46.7
2003 51.1 54.8
2002 48.2 54.7
2001 48.5 54.6
2000 47.8 57.4
1999 43.7 56.1
1998 40.4 54
1997 43.5 52.8
1996 40.6 54.5
1995 39.9 59.8

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/ukraine/venezuela | CC BY

The Economic Freedom Index for Ukraine is 54.1, ranking 135/197, compared to 27.3 for Venezuela, ranking 194/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Ukraine Venezuela
Services, % of GDP
61%
2025
51.7%
2014
Industry, % of GDP
17.9%
2025
37.2%
2014
Agriculture, forestry, and fishing, % of GDP
7.57%
2025
5.03%
2014
GNI, Atlas method
$201B
2025
$110B
2025
GNI per capita, PPP
$18,750
2025
$20,840
2011
Total reserves including gold
$57.3B
2025
$9.79B
2017
Total reserves ranking
43/177
2025
80/177
2017
Net foreign direct investment
-$3.71B
2024
-$27M
2016
Net inflows of foreign direct investment
$4.02B
2024
$1.63B
2024
Net outflows of foreign direct investment
$305M
2024
$2.6B
2024
Servicing debt to the IMF, % of GNI
5.4%
2024
n/a
Poverty at national poverty lines
23.2%
2020
33.1%
2015
Gross capital formation, % of GDP
20.8%
2025
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/ukraine/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. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2024, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.