Venezuela: Government spending, percent of GDP

The latest value from 2011 is 11.52 percent, an increase from 11.21 percent in 2010. In comparison, the world average is 16.46 percent, based on data from 164 countries. Historically, the average for Venezuela from 1960 to 2011 is 11.68 percent. The minimum value, 4.85 percent, was reached in 1996 while the maximum of 14.45 percent was recorded in 1981. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The government size of Venezuela and other countries is calculated as the total government spending as percent of GDP.

Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.