Venezuela vs Zimbabwe: Economic Indicators Comparison

Venezuela with a GDP of $482.4B ranked the 27th largest economy in the world, while Zimbabwe ranked 101st with $31B. By GDP 5-years average growth and GDP per capita, Venezuela and Zimbabwe ranked 181st vs 112th and 58th vs 144th, respectively.

Gross Domestic Product & Income

StatVenezuelaZimbabwe
GDP$482.4B$31B
GDP growth, 1 year-18%3.4%
GDP growth, 5-years average-12.2%2.6%
Population28.5M16.5M
GDP per capita$16k$2.1k
GDP per capita growth-18.17%4.67%
Purchasing Power Parity conversion factor5.570.71
Price level ratio of PPP conversion factor GDP to market exchange rate0.890.71
GDP per capita, PPP adjusted$8.8k$2.8k
GNI, Atlas method$392.9B$25.8B
GNI per capita$13k$1.8k
GNI, PPP adjusted$352.8B$43.6B
GNI per capita, PPP adjusted$12k$3k

Financial system and Human development

StatVenezuelaZimbabwe
Income Tax Rate34%51.5%
Corporate Tax Rate34%25%
Inflation, consumer prices929789.5%10.6%
Inflation, GDP deflator748.1%28%
Unemployment8.4%4.9%
Economic Freedom Index25.243.1
Personal Freedom Index6.335.45
Human Freedom Index5.274.96
Property Rights Index10.133.7
Judical Effectiveness Index12.628.3
Business Freedom Index30.839.1
Fiscal Health Index036.2
Labor Freedom Index27.743.1
Investment Freedom Index025
Financial Freedom Index1010
Trade Freedom Index5870
Monetary Freedom Index062.8
Government Spending Index66.388
Tax Burden Index72.862.3
Government Integrity Index14.618.9
Corruption Perceptions Index1822
Life expectancy at birth, years72.260.8
Suicide mortality rate, per 100,000 people3.710.7
Mortality caused by road traffic injury, per 100,000 people33.734.7
Intentional homicides, per 100,000 people56.36.7
International tourism, number of arrivals427k2.6M

Government debt & reserves

StatVenezuelaZimbabwe
Central government debt, % of GDP175.6%29.8%
External debt stocks, % of GNI33.9%39.8%
External debt stocks$154.9B$12.3B
Short-term debt, % of total reserves421.1%3880.6%
Total debt service, % of exports and primary income69%11.7%
Adjusted net savings including particulate emission damage, % of GNI7.2%-22.2%
Gross savings, % of GDP8.9%-3.4%
Gross capital formation, % of GDP-3.7%12.6%
Total reserves including gold$9.8B$87M
Foreign direct investment net inflows$956M$744.6M

Exports, imports and economic structure

StatVenezuelaZimbabwe
Exports of goods and services, % of GDP30.7%22.9%
Imports of goods and services, % of GDP36.4%25.5%
Current account balance (balance of payments)-$3.9B-$307.8M
Revenue excluding grants, % of GDPN/A16.9%
Grants excluding technical cooperation, BoP$125.8M$737.1M
Personal remittances received$297.1M$1.9B
Industry including construction value added, % of GDP37.2%32.5%
Agriculture, forestry and fishing value added, % of GDP5%12.1%
Charges for the use of intellectual property, payments BoP$258M$4.3M
Charges for the use of intellectual property, receipts BoPN/A$2.4M
Expense, % of GDPN/A26.6%
Government Expenditure, % of GDP33.5%20%

Compare with countries close by GDP per capita

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

Zimbabwe vs

CountryGDP
per capita
Population
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M