Venezuela: Government spending, in dollars

The latest value from 2014 is 70.44 billion U.S. dollars, an increase from 45.96 billion U.S. dollars in 2013. In comparison, the world average is 78.41 billion U.S. dollars, based on data from 169 countries. Historically, the average for Venezuela from 1960 to 2014 is 11.72 billion U.S. dollars. The minimum value, 0.91 billion U.S. dollars, was reached in 1964 while the maximum of 70.44 billion U.S. dollars was recorded in 2014. See the global rankings for that indicator or use the country comparator to compare trends over time.

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. Data are in current U.S. dollars.