Jose Sanchez
Research expert covering society, economy, & politics for Latin America
Get in touch with us nowRatio of government expenditure to GDP in Venezuela 1988-2024
In 2024, the ratio of government expenditure to GDP in Venezuela was estimated at approximately 17.63 percent. Between 1988 and 2024, the figure dropped by around 15.58 percentage points, though the decline followed an uneven course rather than a steady trajectory.
Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
