The Bolivarian Republic of Venezuela (Venezuela) has a privileged location on the Northern Coast of South America, which facilitates access to the East Coast of the United States, to the Panama Canal, to Central America, and to the Caribbean. The country has a surface of 916,445 square kilometres and is the seventh largest country in Latin America. The official language of Venezuela is Spanish, and the currency is the bolívar fuerte (VEF).
Venezuela had estimated population of 31.029 million in the year 2016 and expected to reach 33.371 million by 2022. Venezuela’s unemployment rate was 21.233% of total labor force.
Venezuela’s real gross domestic product (GDP) was around VEF 45.993 billions in 2016 whereas the nominal GDP was VEF 28204.17 billions. This resulted in GDP deflator 61322.50. Per capita GDP was estimated at USD 9258.34 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 13760.56.
In 2016, Venezuela government’s revenue was VEF 4154.22 billions whereas the expenditure was VEF 8264.07 billions. This resulted Venezuela government’s net lending / borrowing negative at VEF 4109.85 billion in 2016 indicating that enough financial resources were not made available by the government to boost economic growth.
The current account balance for Venezuela was estimated to be negative at USD 6.942 billions for the year 2016 and is expected to decline at a CAGR of 24.68% and reach USD 2.8 by 2022. This negative current account balance indicates the Venezuela is a net borrower from the whole world.
Scope of Venezuela – PESTEL Analysis Report
•This report provides information about key macroeconomic indicators for Venezuela.
•This report provides PESTEL (political, economic, social, technological, environmental and legal) analysis for Venezuela.
1. Executive Summary
Scope of Venezuela – PESTEL Analysis Report
Research Methodology
2. Venezuela - Country Overview
2.1 People Indicators
2.1.1 Population
2.1.2 Unemployment
2.2 National Accounts Indicators
2.2.1 Real Gross Domestic Product
2.2.2 Nominal Gross Domestic Product
2.2.3 Gross Domestic Product Deflator
2.2.4 Per Capita Gross Domestic Product
2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP
2.2.6 Total Investment / Gross Capital Formation
2.2.7 Gross National Savings
2.3 Monetary Indicators
2.3.1 Consumer Price Index (CPI) Inflation
2.4 Trade Indicators
2.4.1 Change in Import Volume of Goods & Services
2.4.2 Change in Export Volume of Goods & Services
2.5 Government Finance Indicators
2.5.1 Government Revenue
2.5.2 Government Expenditure
2.5.3 Government Net Lending / Borrowing
2.5.4 Government Gross Debt
2.6 Balance of Payment Indicators
2.6.1 Current Account Balance
3. PESTEL Analysis
3.1 Political Factors
3.2 Economic Factors
3.3 Social Factors
3.4 Technological Factors
3.5 Environmental Factors
3.6 Legal Factors
Notes
Company Information
List of Exhibits
Exhibit 2.1 Population of Venezuela (in millions)
Exhibit 2.2 Unemployment Level in Venezuela (in %)
Exhibit 2.3 Real GDP of Venezuela (in Euro billions)
Exhibit 2.4 Nominal GDP of Venezuela (in Euro billions)
Exhibit 2.5 Nominal GDP of Venezuela (in USD billions)
Exhibit 2.6 GDP Deflator Index for Venezuela
Exhibit 2.7 Per Capita GDP of Venezuela (in USD)
Exhibit 2.8 PPP Per Capita GDP of Venezuela (in USD)
Exhibit 2.9 Total Investment of Venezuela (in %)
Exhibit 2.10 Gross National Savings of Venezuela (in %)
Exhibit 2.11 Consumer Price Index (CPI) Inflation of Venezuela
Exhibit 2.12 Change in Import Volume of Goods & Services of Venezuela (in %)
Exhibit 2.13 Change in Export Volume of Goods & Services of Venezuela (in %)
Exhibit 2.14 Government Revenue of Venezuela (in Euro billions)
Exhibit 2.15 Government Revenue of Venezuela (in % of GDP)
Exhibit 2.16 Government Expenditure of Venezuela (in Euro billions)
Exhibit 2.17 Government Expenditure of Venezuela (in % of GDP)
Exhibit 2.18 Government Net Lending / Borrowing of Venezuela (in Euro billions)
Exhibit 2.19 Government Net Lending / Borrowing of Venezuela (in % of GDP)
Exhibit 2.20 Government Gross Debt of Venezuela (in Euro billions)
Exhibit 2.21 Government Gross Debt of Venezuela (in % of GDP)
Exhibit 2.22 Current Account Balance of Venezuela (in USD billions)
Exhibit 2.23 Current Account Balance of Venezuela (in % of GDP)
*If Applicable.