For that indicator, we provide data for Venezuela from 1960 to 2014. The average value for Venezuela during that period was 11.72 billion U.S. dollars with a minimum of 0.9 billion U.S. dollars in 1964 and a maximum of 70.44 billion U.S. dollars in 2014.
The latest value from 2014 is 70.44 billion U.S. dollars. For comparison, the world average in 2014 based on 170
countries is 77.89 billion U.S. dollars.
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.