Budget balance — all countries

Budget balance — Venezuela

Budget balance in Venezuela in 2025 — -5.8%. Ranked 161 in the world out of 193. Since 1988, the indicator has risen by 3.4 pp.

2025 -5.8% −2.1 pp vs 2024
World rank 161of 193
Period maximum 7.9%1996
Period minimum -31%2018

Trend over time

1988–2025 · % of GDP

Budget balance — Venezuela, 1988–2025-40-30-20-1001019881992199620002004200820122016202020241988: -9.2%1989: -0.9%1990: 3.8%1991: -2.3%1992: -6.4%1993: -2.9%1994: -11.2%1995: -5.9%1996: 7.9%1997: 2.6%1998: -4.5%1999: 0.7%2000: 4.4%2001: -4.6%2002: -1.5%2003: 0.2%2004: 2.5%2005: 4.1%2006: -1.6%2007: -2.8%2008: -3.5%2009: -8.7%2010: -4.7%2011: -8.2%2012: -9.9%2013: -10.4%2014: -9.8%2015: -8.1%2016: -8.5%2017: -13.3%2018: -31%2019: -10.9%2020: -6.6%2021: -5.8%2022: -5.3%2023: -1.2%2024: -3.7%2025: -5.8%
Change over the period: +3.4 pp Annual average: 0.09 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Venezuela

Venezuela -5.8%
World computed -5%
Latin America & Caribbean computed -5.03%
South America computed -5.56%
Budget balance — Venezuela, by year Venezuela All countries CSV XLSX
Year % Change, pp
2025 -5.8 −2.1 pp
2024 -3.7 −2.5 pp
2023 -1.2 +4.1 pp
2022 -5.3 +0.5 pp
2021 -5.8 +0.8 pp
2020 -6.6 +4.3 pp
2019 -10.9 +20.1 pp
2018 -31 −17.7 pp
2017 -13.3 −4.8 pp
2016 -8.5 −0.4 pp
2015 -8.1 +1.7 pp
2014 -9.8 +0.6 pp
2013 -10.4 −0.5 pp
2012 -9.9 −1.7 pp
2011 -8.2 −3.5 pp
2010 -4.7 +4 pp
2009 -8.7 −5.2 pp
2008 -3.5 −0.7 pp
2007 -2.8 −1.2 pp
2006 -1.6 −5.7 pp
2005 4.1 +1.6 pp
2004 2.5 +2.3 pp
2003 0.2 +1.7 pp
2002 -1.5 +3.1 pp
2001 -4.6 −9 pp
2000 4.4 +3.7 pp
1999 0.7 +5.2 pp
1998 -4.5 −7.1 pp
1997 2.6 −5.3 pp
1996 7.9 +13.8 pp
1995 -5.9 +5.3 pp
1994 -11.2 −8.3 pp
1993 -2.9 +3.5 pp
1992 -6.4 −4.1 pp
1991 -2.3 −6.1 pp
1990 3.8 +4.7 pp
1989 -0.9 +8.3 pp
1988 -9.2

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.