The United Kingdom vs Venezuela: Economic Indicators Comparison
The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Venezuela ranked 27th with $482.4B. By GDP 5-years average growth and GDP per capita, the United Kingdom and Venezuela ranked 126th vs 181st and 23rd vs 58th, respectively.
Gross Domestic Product & Income
| Stat |  United Kingdom |  Venezuela |
|---|---|---|
| GDP | $2.9T | $482.4B |
| GDP growth, 1 year | 1.4% | -18% |
| GDP growth, 5-years average | 2.1% | -12.2% |
| Population | 66M | 28.5M |
| GDP per capita | $43k | $16k |
| GDP per capita growth | 0.73% | -18.17% |
| Purchasing Power Parity conversion factor | 0.7 | 5.57 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.93 | 0.89 |
| GDP per capita, PPP adjusted | $46k | $8.8k |
| GNI, Atlas method | $2.8T | $392.9B |
| GNI per capita | $42k | $13k |
| GNI, PPP adjusted | $3T | $352.8B |
| GNI per capita, PPP adjusted | $45k | $12k |
Financial system and Human development
| Stat | United Kingdom | Venezuela |
|---|---|---|
| Income Tax Rate | 45% | 34% |
| Corporate Tax Rate | 20% | 34% |
| Inflation, consumer prices | 2.5% | 929789.5% |
| Inflation, GDP deflator | 1.9% | 748.1% |
| Unemployment | 4% | 8.4% |
| Economic Freedom Index | 79.3 | 25.2 |
| Personal Freedom Index | 9.08 | 6.33 |
| Human Freedom Index | 8.55 | 5.27 |
| Property Rights Index | 92.2 | 10.1 |
| Judical Effectiveness Index | 82.7 | 12.6 |
| Business Freedom Index | 94.7 | 30.8 |
| Fiscal Health Index | 78.1 | 0 |
| Labor Freedom Index | 73.1 | 27.7 |
| Investment Freedom Index | 80 | 0 |
| Financial Freedom Index | 80 | 10 |
| Trade Freedom Index | 86.4 | 58 |
| Monetary Freedom Index | 80.3 | 0 |
| Government Spending Index | 49.5 | 66.3 |
| Tax Burden Index | 64.7 | 72.8 |
| Government Integrity Index | 89.9 | 14.6 |
| Corruption Perceptions Index | 80 | 18 |
| Life expectancy at birth, years | 81.2 | 72.2 |
| Suicide mortality rate, per 100,000 people | 8.9 | 3.7 |
| Mortality caused by road traffic injury, per 100,000 people | 3.1 | 33.7 |
| Intentional homicides, per 100,000 people | 1.2 | 56.3 |
| International tourism, number of arrivals | 36.3M | 427k |
Government debt & reserves
| Stat | United Kingdom | Venezuela |
|---|---|---|
| Central government debt, % of GDP | 86.9% | 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 | 5.5% | 7.2% |
| Gross savings, % of GDP | 13.4% | 8.9% |
| Gross capital formation, % of GDP | 17.3% | -3.7% |
| Total reserves including gold | $172.7B | $9.8B |
| Foreign direct investment net inflows | $35.1B | $956M |
Exports, imports and economic structure
| Stat | United Kingdom | Venezuela |
|---|---|---|
| Exports of goods and services, % of GDP | 30% | 30.7% |
| Imports of goods and services, % of GDP | 31.8% | 36.4% |
| Current account balance (balance of payments) | -$123.1B | -$3.9B |
| Revenue excluding grants, % of GDP | 35.3% | N/A |
| Grants excluding technical cooperation, BoP | N/A | $125.8M |
| Personal remittances received | $4.4B | $297.1M |
| Industry including construction value added, % of GDP | 17.5% | 37.2% |
| Agriculture, forestry and fishing value added, % of GDP | 0.6% | 5% |
| Charges for the use of intellectual property, payments BoP | $13.5B | $258M |
| Charges for the use of intellectual property, receipts BoP | $21.7B | N/A |
| Expense, % of GDP | 36% | N/A |
| Government Expenditure, % of GDP | 41% | 33.5% |
