Converter Bolivar Fuerte (exchange rate VEF)

Bolivar Fuerte

• iso 4217: VEF
• Venezuela (South America)

Venezuela Inflation Rate

The inflation rate in Venezuela was recorded at 23.80 percent in April of 2012. Historically, from 1973 until 2012, Venezuela Inflation Rate averaged 26.5000 Percent reaching an all time high of 115.1800 Percent in September of 1996 and a record low of 3.2200 Percent in January of 1973. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for Venezuela Inflation Rate.

source: Central Bank of Venezuela

Venezuela Current Account to GDP

Venezuela reported a Current Account surplus of 8.60 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2011, Venezuela Current Account to GDP averaged 5.2000 Percent reaching an all time high of 17.7000 Percent in December of 2005 and a record low of -9.2000 Percent in December of 1988. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Venezuela Current Account to GDP.

source:

Venezuela Government Debt To GDP

Venezuela recorded a Government Debt to GDP of 45.50 percent of the country's Gross Domestic Product in 2011. Historically, from 1994 until 2011, Venezuela Government Debt To GDP averaged 42.0500 Percent reaching an all time high of 71.9000 Percent in December of 1994 and a record low of 26.3000 Percent in December of 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Venezuela Government Debt To GDP.

source: International Monetary Fund

Venezuela GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Venezuela expanded 5.60 percent in the first quarter of 2012 over the same quarter of the previous year. Historically, from 1998 until 2012, Venezuela GDP Annual Growth Rate averaged 2.8000 Percent reaching an all time high of 36.1000 Percent in March of 2004 and a record low of -26.7000 Percent in March of 2003. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for Venezuela GDP Annual Growth Rate.

source: Banco Central de Venezuela

Venezuela Unemployment Rate

The unemployment rate in Venezuela was last reported at 6.5 percent in December of 2011. Historically, from 1999 until 2011, Venezuela Unemployment Rate averaged 11.7500 Percent reaching an all time high of 20.7000 Percent in February of 2003 and a record low of 6.1000 Percent in November of 2008. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Venezuela Unemployment Rate.

source: Instituto Nacional de Estadista

Venezuela Interest Rate

The benchmark interest rate in Venezuela was last reported at 15.65 percent. Historically, from 1998 until 2012, Venezuela Interest Rate averaged 23.8000 Percent reaching an all time high of 83.7300 Percent in February of 2002 and a record low of 12.7900 Percent in April of 2006. The Central Bank of Venezuela (Banco Central de Venezuela, BCV) is not responsible for setting interest rates. This page includes a chart with historical data for Venezuela Interest Rate.

source: Banco Central de Venezuela

Venezuela GDP Growth Rate

The Gross Domestic Product (GDP) in Venezuela contracted 0.00 percent in the first quarter of 2010 over the previous quarter. Historically, from 1997 until 2010, Venezuela GDP Growth Rate averaged 0.6900 Percent reaching an all time high of 22.7000 Percent in June of 2003 and a record low of -15.3000 Percent in March of 2003. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. Venezuela is the fifth largest national economy in Latin America. Venezuela is highly dependent on oil revenues, which account for roughly 90% of export earnings, about 50% of the federal budget revenues, and around 30% of GDP. In recent years, President Hugo Chavez has been systematically increasing the government's control of the economy by nationalizing firms in the cement, steel, petroleum, communications, and electricity sectors. This page includes a chart with historical data for Venezuela GDP Growth Rate.

source: Banco Central de Venezuela

Venezuela Balance of Trade

Venezuela reported a trade surplus equivalent to 9683 Million USD in the fourth quarter of 2011. Historically, from 1997 until 2011, Venezuela Balance of Trade averaged 5302.2800 Million USD reaching an all time high of 19335.0000 Million USD in September of 2008 and a record low of -4013.0000 Million USD in December of 2008. The petroleum sector accounts for around 80% of Venezuela’s export earnings. Thanks to petroleum exports, the country usually posts a trade surplus. Venezuela imports mostly raw materials, machinery and equipment, transport equipment and construction materials. Its main trading partners are: The United States (49% exports, 24% imports), European Union and Brazil. This page includes a chart with historical data for Venezuela Balance of Trade.

source: Banco Central de Venezuela

Venezuela Imports

Venezuela imports were worth 13180 Millions USD in the fourth quarter of 2011. Historically, from 1997 until 2011, Venezuela Imports averaged 6661.7300 Million USD reaching an all time high of 14740.0000 Million USD in December of 2008 and a record low of 2099.0000 Million USD in June of 2003. Venezuela imports mostly raw materials, machinery and equipment, transport equipment and construction materials. Its main import partners are United States, European Union, Brazil, Colombia and China. This page includes a chart with historical data for Venezuela Imports.

source: Banco Central de Venezuela

Venezuela Exports

Venezuela exports were worth 23863 Million USD in the fourth quarter of 2011. Historically, from 1997 until 2011, Venezuela Exports averaged 11964.0200 Million USD reaching an all time high of 31760.0000 Million USD in September of 2008 and a record low of 3566.0000 Million USD in March of 1999. The economy of Venezuela is based in large part on oil. The petroleum sector accounts for around 80% of export earnings. Venezuela also exports steel, aluminum, transport equipment, textiles, apparel, beverages, and foodstuffs. The United States is Venezuela's leading trade partner. This page includes a chart with historical data for Venezuela Exports.

source: Banco Central de Venezuela

Venezuela Current Account

Venezuela reported a current account surplus equivalent to 4576 Millions USD in the fourth quarter of 2011. Historically, from 1997 until 2011, Venezuela Current Account averaged 3316.7000 Million USD reaching an all time high of 15896.0000 Million USD in September of 2008 and a record low of -4444.0000 Million USD in March of 2009. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Venezuela Current Account.

source: Banco Central de Venezuela

Venezuela GDP per capita

The Gross Domestic Product per capita in Venezuela was last reported at 5528.36 US dollars in 2010, according to a report published by the World Bank. The GDP per Capita in Venezuela is equivalent to 45 percent of the world's average. Historically, from 1960 until 2010, Venezuela GDP per capita averaged 5475.0500 USD reaching an all time high of 6521.4800 USD in December of 1977 and a record low of 3966.5000 USD in December of 2003. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Venezuela GDP per capita.

source: World Bank

Venezuela GDP per capita PPP

The Gross Domestic Product per capita in Venezuela was last reported at 12232.80 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Venezuela, when adjusted by Purchasing Power Parity is equivalent to 56 percent of the world's average. Historically, from 1980 until 2010, Venezuela GDP per capita PPP averaged 8192.6100 USD reaching an all time high of 12899.7100 USD in December of 2008 and a record low of 5517.4400 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Venezuela GDP per capita PPP.

source: World Bank

Venezuela Population

Historically, from 1960 until 2010, Venezuela Population averaged 17.6100 Million reaching an all time high of 28.8300 Million in December of 2010 and a record low of 7.5800 Million in December of 1960. The total population in Venezuela was last reported at 28.8 million people in 2010 from 7.6 million in 1960, changing 274 percent during the last 50 years. Venezuela has 0.41 percent of the world´s total population which means that one person in every 243 people on the planet is a resident of Venezuela. This page includes a chart with historical data for Venezuela's Total Population. This page includes a chart with historical data for Venezuela Population.

source: World Bank

Venezuela Government Budget

Venezuela reported a Government Budget deficit equal to 4.02 percent of the country's Gross Domestic Product in 2010. Historically, from 1990 until 2010, Venezuela Government Budget averaged -1.0200 Percent of GDP reaching an all time high of 3.7900 Percent of GDP in December of 1991 and a record low of -5.0900 Percent of GDP in December of 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Venezuela Government Budget.

source: Ministry of Planning and Finance, Government of Venezuela

datas from tradingeconomics.com

26 May 2012 ► Converter Bolivar Fuerte ► Free online currency conversion based on exchange rates. Currency converter