Latin American and Caribbean Macro Watch Data Tool

The Latin American and Caribbean Macro Watch Database puts the material behind
the macroeconomic analysis carried out by the IDB Research Department at
the fingertips of a broad range of users.

Country:

Venezuela

Economic Activity and Employment Prices and wages Fiscal Accounts and Public Debt External Accounts Money and Banking Financial Markets
National Accounts 1997 2002 2006 2007 2008
GDP
Real Annual Variations, in % 6.37 -8.86 9.87 8.15 4.78
US$ Billions 85.85 92.90 184.25 227.75 313.36
National Currency, billions 41.94 107.84 396.14 489.67 673.73
Consumption
Real Annual Variation, in % 4.98 -6.22 14.26 16.24 7.02
% of GDP 65.10 66.50 59.50 65.70 65.30
Investment
Real Annual Variation, in % 23.87 -18.36 29.28 25.35 -3.28
% of GDP 25.50 21.90 21.60 23.70 19.80
Unemployment Rate
in % n/a 15.70 8.40 6.20 6.10

* LAC-7: Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.

Price Indices 1997 2002 2006 2007 2008
CPI
12-month inflation, end of period 37.61 31.22 16.97 22.46 30.90
NXR bilateral vis a the US
Local currency per US, end of period 0.50 1.30 2.20 2.20 2.20
12-month variation, end of period, in % 0.00 62.50 0.00 0.00 0.00
RXR bilateral vis a the US
12-month variation, end of period, in % -21.70 37.16 -12.22 -15.11 -23.60
Terms of Trade
12-month variation, period average, in % 4.55 6.53 19.35 9.64 23.40
Export Prices
12-month variation, period average, in % -2.48 6.03 22.96 13.98 37.03
Import Prices
12-month variation, period average, in % -6.67 -0.46 3.02 4.01 11.01

* LAC-7: Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.

Fiscal Accounts 1997 2002 2006 2007 2008
Revenues
Real annual variation, in % n/a -0.15 10.69 -10.78 -0.96
% of GDP n/a 29.50 37.40 33.00 31.40
Primary Expenditure
Real annual variation, in % n/a -16.45 34.38 -6.23 -0.85
Total Expenditure
Real annual variation, in % n/a -10.23 29.35 -6.97 -1.16
% of GDP n/a 31.00 38.90 35.90 34.00
Interest Payments
% of GDP n/a 5.20 2.10 1.60 1.50
Primary Balance
% of GDP n/a 3.70 0.50 -1.20 -1.20
Overall Balance
% of GDP n/a -1.50 -1.60 -2.80 -2.60
Public Debt
% of GDP, end of period 31.90 36.70 23.80 19.40 14.10

* LAC-7: Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.

Balance of payments 1997 2002 2006 2007 2008
Current Account Balance
% of GDP 4.30 8.20 14.40 7.90 11.90
Capital Account Balance + errors and omissions
% of GDP -0.20 -12.90 -11.70 -10.50 -9.00
Foreign Direct Investment
% of GDP 6.60 -0.30 -1.10 0.40 -0.30
Variation of International Reserves
% of GDP 4.20 -4.80 2.70 -2.50 3.00
Trade Balance
% of GDP 11.70 15.50 0.00 n/a n/a
Exports
% of GDP 27.00 27.20 0.00 n/a n/a
Imports
% of GDP 15.30 11.70 0.00 n/a n/a
Total External Debt
% of GDP, end of period 45.30 42.20 22.70 24.50 18.80

* LAC-7: Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.

Monetary Aggregates 1997 2002 2006 2007 2008
Monetary Base
Real annual variation, in % 30.29 -9.40 65.89 16.99 -0.26
M2
Real annual variation, in % 18.47 -12.13 44.78 4.36 -3.14
Total Deposits
Real annual variation, in % 17.56 -18.26 43.69 9.95 -2.12
% of GDP, end of period 18.40 15.30 28.30 30.80 28.70
Deposit Dollarization
in %, end of period 0.00 0.20 0.50 0.30 0.20
Total Credit
Real annual variation, in % 30.11 -14.79 57.13 21.88 -10.07
% of GDP, end of period 14.60 13.70 22.60 27.30 23.40
Credit to Private Sector
Real annual variation, in % 60.62 -23.08 43.24 41.66 -4.09
% of GDP, end of period 17.96 11.70 21.33 28.41 n/a
International Reserves
% of GDP, end of period 20.80 16.00 20.30 15.10 13.80
% of M2 100.30 105.49 67.07 48.05 47.66
U$S Dollars 17,818.00 14,860.00 37,440.00 34,286.00 43,127.00

* LAC-7: Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.

Stock Market 1997 2002 2006 2007 2008
Stock Market Index
Real annual variation, in % -1.95 -4.97 102.98 -34.42 -30.60
EMBI Spreads
Basis points 452.60 1,031.90 204.60 500.20 1,736.90
CB Reference Rate
nominal rate, in % n/a n/a n/a n/a n/a
Interbank Interest Rate
nominal rate, in % 11.00 30.10 4.30 17.80 27.70
Bank Deposit Rate
nominal rate, in % 17.30 26.10 10.10 12.00 17.70
Bank Lending Rate
Nominal rate, in % 25.90 33.50 15.70 20.20 20.40

* LAC-7: Argentina, Brazil, Chile, Colombia, Mexico, Peru and Venezuela.
** Interest Rate Differential: Lending minus Deposit Rate, in %

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