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

StatUnited KingdomVenezuela
GDP$2.9T$482.4B
GDP growth, 1 year1.4%-18%
GDP growth, 5-years average2.1%-12.2%
Population66M28.5M
GDP per capita$43k$16k
GDP per capita growth0.73%-18.17%
Purchasing Power Parity conversion factor0.75.57
Price level ratio of PPP conversion factor GDP to market exchange rate0.930.89
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

StatUnited KingdomVenezuela
Income Tax Rate45%34%
Corporate Tax Rate20%34%
Inflation, consumer prices2.5%929789.5%
Inflation, GDP deflator1.9%748.1%
Unemployment4%8.4%
Economic Freedom Index79.325.2
Personal Freedom Index9.086.33
Human Freedom Index8.555.27
Property Rights Index92.210.1
Judical Effectiveness Index82.712.6
Business Freedom Index94.730.8
Fiscal Health Index78.10
Labor Freedom Index73.127.7
Investment Freedom Index800
Financial Freedom Index8010
Trade Freedom Index86.458
Monetary Freedom Index80.30
Government Spending Index49.566.3
Tax Burden Index64.772.8
Government Integrity Index89.914.6
Corruption Perceptions Index8018
Life expectancy at birth, years81.272.2
Suicide mortality rate, per 100,000 people8.93.7
Mortality caused by road traffic injury, per 100,000 people3.133.7
Intentional homicides, per 100,000 people1.256.3
International tourism, number of arrivals36.3M427k

Government debt & reserves

StatUnited KingdomVenezuela
Central government debt, % of GDP86.9%175.6%
External debt stocks, % of GNIN/A33.9%
External debt stocksN/A$154.9B
Short-term debt, % of total reservesN/A421.1%
Total debt service, % of exports and primary incomeN/A69%
Adjusted net savings including particulate emission damage, % of GNI5.5%7.2%
Gross savings, % of GDP13.4%8.9%
Gross capital formation, % of GDP17.3%-3.7%
Total reserves including gold$172.7B$9.8B
Foreign direct investment net inflows$35.1B$956M

Exports, imports and economic structure

StatUnited KingdomVenezuela
Exports of goods and services, % of GDP30%30.7%
Imports of goods and services, % of GDP31.8%36.4%
Current account balance (balance of payments)-$123.1B-$3.9B
Revenue excluding grants, % of GDP35.3%N/A
Grants excluding technical cooperation, BoPN/A$125.8M
Personal remittances received$4.4B$297.1M
Industry including construction value added, % of GDP17.5%37.2%
Agriculture, forestry and fishing value added, % of GDP0.6%5%
Charges for the use of intellectual property, payments BoP$13.5B$258M
Charges for the use of intellectual property, receipts BoP$21.7BN/A
Expense, % of GDP36%N/A
Government Expenditure, % of GDP41%33.5%

Compare with countries close by GDP per capita

United Kingdom vs

CountryGDP
per capita
Population
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M

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