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Venezuela : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$97.83 billion (2011 est.)
$77.34 billion (2010 est.)


$95.32 billion (2011 est.)
$72.19 billion (2010 est.)

Inflation rate (consumer prices)

18.7% (2011 est.)
10% (2010 est.)

Unemployment rate

2.3% (2011 est.)
2.9% (2010 est.)

GDP - per capita (PPP)

$3,400 (2011 est.)
$3,300 (2010 est.)
$3,100 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

6.8% (2010 est.)
5.3% (2009 est.)
6.3% (2008 est.)

Internet users

23.382 million (2009)

Telephones - mobile cellular

154 million (2009)

Population growth rate

1.054% (2012 est.)


91,519,289 (July 2012 est.)

Historical background

The conquest of Vietnam by France began in 1858 and was completed by 1884.

It became part of French Indochina in 1887.

Vietnam declared independence after World War II, but France continued to rule until its 1954 defeat by Communist forces under Ho Chi MINH.

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Economic overview

Vietnam is a densely-populated developing country that in the last 30 years has had to recover from the ravages of war, the loss of financial support from the old Soviet Bloc, and the rigidities of a centrally-planned economy.

While Vietnam's economy remains dominated by state-owned enterprises (SOEs), which still produce about 40% of GDP, Vietnamese authorities have reaffirmed their commitment to economic liberalization and international integration.

They have moved to implement the structural reforms needed to modernize the economy and to produce more competitive export-driven industries.

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The Economist Intelligence Unit

Country Forecast Latin America June 2015

Country Forecast Latin America June 2015

  • $ 635
  • Country report
  • June 2015
  • by The Economist Intelligence Unit

Political outlook Solid GDP growth rates and targeted social policies have in the past decade helped to reduce income inequality and lift millions out of poverty. However, the region has entered a more ...

  • Countries : South America, Venezuela, Brazil

Dun and Bradstreet (Altares)

D&B Country Insight Report: Venezuela

D&B Country Insight Report: Venezuela

  • $ 650
  • Country report
  • April 2015
  • by Dun and Bradstreet (Altares)

Report Summary If you are involved in cross-border business, developing relationships or identifying opportunities overseas, you are exposed to the risk associated with a country’s overall political, ...

  • Countries : World, Venezuela


Venezuela - ISA Country Report

Venezuela - ISA Country Report

  • $ 99
  • Country report
  • June 2015
  • by ISA

This report contains detailed forecasts and analysis for Venezuela, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...

  • Countries : Venezuela

Oxford Economics

By Country Industry Forecasts > Venezuela

By Country Industry Forecasts > Venezuela

  • $ 250
  • Country report
  • June 2015
  • by Oxford Economics

Key Features: Broad Country and Industry Coverage. The service covers 68 countries across Europe, Asia, the Americas, the Middle East and Africa, where 85% of world business is conducted. Up to 85 manufacturing ...

  • Countries : Venezuela

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