Ratio of government revenue to gross domestic product (GDP) in Venezuela 2001-2023
The ratio of government revenue to gross domestic product (GDP) in Venezuela increased by 2.6 percentage points (+31.44 percent) in 2023. In total, the ratio amounted to 10.82 percent in 2023.
The indicator shows the general government revenue as a share of the national gross domestic product. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue. As this revenue increases, a government's net worth increases. 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 revenue to gross domestic product (GDP) in countries like Colombia, Guyana, and Suriname.
The indicator shows the general government revenue as a share of the national gross domestic product. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue. As this revenue increases, a government's net worth increases. 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 revenue to gross domestic product (GDP) in countries like Colombia, Guyana, and Suriname.
