The United States vs Venezuela: Economic Indicators Comparison
The United States with a GDP of $20.5T ranked the 1st largest economy in the world, while Venezuela ranked 27th with $482.4B. By GDP 5-years average growth and GDP per capita, the United States and Venezuela ranked 113th vs 181st and 11th vs 58th, respectively.
Gross Domestic Product & Income
| Stat |  United States |  Venezuela |
|---|---|---|
| GDP | $20.5T | $482.4B |
| GDP growth, 1 year | 2.9% | -18% |
| GDP growth, 5-years average | 2.4% | -12.2% |
| Population | 325.1M | 28.5M |
| GDP per capita | $63k | $16k |
| GDP per capita growth | 2.29% | -18.17% |
| Purchasing Power Parity conversion factor | 1 | 5.57 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1 | 0.89 |
| GDP per capita, PPP adjusted | $63k | $8.8k |
| GNI, Atlas method | $20.6T | $392.9B |
| GNI per capita | $63k | $13k |
| GNI, PPP adjusted | $20.8T | $352.8B |
| GNI per capita, PPP adjusted | $64k | $12k |
Financial system and Human development
| Stat | United States | Venezuela |
|---|---|---|
| Income Tax Rate | 37% | 34% |
| Corporate Tax Rate | 21% | 34% |
| Inflation, consumer prices | 2.4% | 929789.5% |
| Inflation, GDP deflator | 2.4% | 748.1% |
| Unemployment | 3.9% | 8.4% |
| Economic Freedom Index | 76.6 | 25.2 |
| Personal Freedom Index | 8.55 | 6.33 |
| Human Freedom Index | 8.39 | 5.27 |
| Property Rights Index | 81.8 | 10.1 |
| Judical Effectiveness Index | 83.7 | 12.6 |
| Business Freedom Index | 83.3 | 30.8 |
| Fiscal Health Index | 54.3 | 0 |
| Labor Freedom Index | 87.9 | 27.7 |
| Investment Freedom Index | 85 | 0 |
| Financial Freedom Index | 80 | 10 |
| Trade Freedom Index | 79.8 | 58 |
| Monetary Freedom Index | 75.5 | 0 |
| Government Spending Index | 56.5 | 66.3 |
| Tax Burden Index | 74.6 | 72.8 |
| Government Integrity Index | 77.2 | 14.6 |
| Corruption Perceptions Index | 71 | 18 |
| Life expectancy at birth, years | 78.5 | 72.2 |
| Suicide mortality rate, per 100,000 people | 15.3 | 3.7 |
| Mortality caused by road traffic injury, per 100,000 people | 12.4 | 33.7 |
| Intentional homicides, per 100,000 people | 5.3 | 56.3 |
| International tourism, number of arrivals | 79.7M | 427k |
Government debt & reserves
| Stat | United States | Venezuela |
|---|---|---|
| Central government debt, % of GDP | 105.8% | 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 | 6.1% | 7.2% |
| Gross savings, % of GDP | 18.6% | 8.9% |
| Gross capital formation, % of GDP | 21% | -3.7% |
| Total reserves including gold | $449.9B | $9.8B |
| Foreign direct investment net inflows | $258.4B | $956M |
Exports, imports and economic structure
| Stat | United States | Venezuela |
|---|---|---|
| Exports of goods and services, % of GDP | 12.2% | 30.7% |
| Imports of goods and services, % of GDP | 15.3% | 36.4% |
| Current account balance (balance of payments) | -$491B | -$3.9B |
| Revenue excluding grants, % of GDP | 17.2% | N/A |
| Grants excluding technical cooperation, BoP | N/A | $125.8M |
| Personal remittances received | $6.7B | $297.1M |
| Industry including construction value added, % of GDP | 18.2% | 37.2% |
| Agriculture, forestry and fishing value added, % of GDP | 0.9% | 5% |
| Charges for the use of intellectual property, payments BoP | $56.1B | $258M |
| Charges for the use of intellectual property, receipts BoP | $128.7B | N/A |
| Expense, % of GDP | 22.4% | N/A |
| Government Expenditure, % of GDP | 38.1% | 33.5% |
