Ratio of government expenditure to gross domestic product (GDP) in Venezuela 2023

The ratio of government expenditure to GDP in Venezuela saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 15.04 percent. In comparison to 2022, the ratio decreased not significantly by 0.1 percentage points (-0.66 percent).
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.

Find more statistics on other topics about Venezuela with key insights such as the gross domestic product in current prices, the gross domestic product per capita, and the share in the global GDP adjusted for purchasing power parity.