In 2023, the ratio of government expenditure to GDP in Venezuela remained nearly unchanged at around 14.38 percent. However, 2023 marked the third consecutive increase of the ratio. Depicted here is the general government expenditure as a share of the national gross domestic product. According to 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.
Find more key insights for the ratio of government expenditure to GDP in countries like Guyana, Suriname and Colombia.
Ratio of government expenditure to GDP in Venezuela from 2001 to 2023
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IMF. (April 22, 2024). Ratio of government expenditure to GDP in Venezuela from 2001 to 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1392600/ratio-of-government-expenditure-to-gdp-venezuela/
IMF. "Ratio of government expenditure to GDP in Venezuela from 2001 to 2023." Chart. April 22, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1392600/ratio-of-government-expenditure-to-gdp-venezuela/
IMF. (2024). Ratio of government expenditure to GDP in Venezuela from 2001 to 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1392600/ratio-of-government-expenditure-to-gdp-venezuela/
IMF. "Ratio of Government Expenditure to Gdp in Venezuela from 2001 to 2023." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/1392600/ratio-of-government-expenditure-to-gdp-venezuela/
IMF, Ratio of government expenditure to GDP in Venezuela from 2001 to 2023 Statista, https://www.statista.com/statistics/1392600/ratio-of-government-expenditure-to-gdp-venezuela/ (last visited July 22, 2024)
Ratio of government expenditure to GDP in Venezuela from 2001 to 2023 [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/1392600/ratio-of-government-expenditure-to-gdp-venezuela/