Venezuela: Government spending, percent of GDP
* indicates monthly or quarterly data series
| Venezuela |
Government spending as percent of GDP |
|---|---|
| Latest value | 14.60 |
| Year | 2014 |
| Measure | percent |
| Data availability | 1960 - 2014 |
| Average | 11.75 |
| Min - Max | 4.85 - 14.60 |
| Source | The World Bank |
The latest value from 2014 is 14.6 percent, an increase from 12.39 percent in 2013. In comparison, the world average is 16.46 percent, based on data from 169 countries. Historically, the average for Venezuela from 1960 to 2014 is 11.75 percent. The minimum value, 4.85 percent, was reached in 1996 while the maximum of 14.6 percent was recorded in 2014.
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* indicates monthly or quarterly data series
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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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 14.60 | 2014 | percent |
| Government spending, in dollars | 70.44 | 2014 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -4.51 | 2021 | percent |
| Government debt | 133.61 | 2017 | percent |
| Commercial tax rate | 73.30 | 2019 | percent |
| Tax preparation time | 920 | 2019 | hours |
| Number of taxes | 99 | 2019 | taxes |
| Foreign aid | 272.25 | 2022 | million U.S. dollars |