Venezuela recorded a Government Budget deficit equal to 3.30 percent of the country's Gross Domestic Product in 2023. This dataset provides - Venezuela Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in relation to the gross domestic product (GDP) in Venezuela was estimated at approximately -3.58 percent in 2024. Between 1988 and 2024, the budget balance rose by around 5.67 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

The budget balance in Venezuela was estimated at -561,386.18 U.S. dollars in 2024. The budget balance fell by 561,379.81 U.S. dollars from 2018.

Venezuela: Budget balance forecast, percent of GDP: Pour cet indicateur, International Monetary Fund fournit des données pour la Venezuela de à . La valeur moyenne pour Venezuela pendant cette période était de pour cent avec un minimum de pour cent en et un maximum de pour cent en .

Government expenditure on education, total (% of GDP) in Venezuela was reported at 1.3441 % in 2017, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - Public spending on education, total (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

Historical dataset showing Venezuela military spending/defense budget by year from 1960 to 2023.

The budget balance in relation to the gross domestic product (GDP) in Venezuela was estimated at approximately -3.58 percent in 2024. Between 1988 and 2024, the budget balance rose by around 5.67 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

In 2023, the Venezuelan government reported approximately3.9 million U.S. dollars worth of military expenses. However, the data for Venezuela remains uncertain due to very high rates of inflation and currency depreciation in the country.

The general government expenditure of Venezuela was estimated at approximately 2.77 million U.S. dollars in 2024. In a steady upward trend, the expenditure rose by about 2.77 million U.S. dollars from 2018.

Venezuela: Health spending as percent of GDP: The latest value from 2022 is 4.55 percent, an increase from 4.1 percent in 2021. In comparison, the world average is 6.74 percent, based on data from 185 countries. Historically, the average for Venezuela from 2018 to 2022 is 3.48 percent. The minimum value, 2.19 percent, was reached in 2019 while the maximum of 4.55 percent was recorded in 2022.

In 2020, the military budget reported by Venezuela accounted for approximately 1.6 percent of the country's GDP, the largest of the analyzed period. However, the data for Venezuela is uncertain due to the very high rate of inflation and currency depreciation.

Venezuela: Budget balance forecast, percent of GDP: Für diesen Indikator stellen wir Daten für Venezuela von bis bereit. Der durchschnittliche Wert für Venezuela in diesem Zeitraum lag bei Prozent mit einem Minimum von Prozent im Jahre und einem Maximum von Prozent im Jahre . Der neuste Wert aus dem Jahr liegt bei Prozent. Zum Vergleich: Der Weltdurchschnitt im Jahr , basierend auf Ländern, liegt bei 0.00 Prozent.

Venezuela VE: Military Expenditure: % of GDP data was reported at 0.488 % in 2017. This records an increase from the previous number of 0.454 % for 2016. Venezuela VE: Military Expenditure: % of GDP data is updated yearly, averaging 1.806 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 3.058 % in 1960 and a record low of 0.454 % in 2016. Venezuela VE: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

Venezuela's health care expenditure represented **** percent of its gross domestic product (GDP) in 2022. Overall, this figure showed a decreasing trend during the period analyzed, going from an equivalent of ***** percent of the country's GDP at the beginning of the decade to **** percent. In comparison, that year Cuba's healthcare spending was equivalent to ** percent of its GDP, the highest value reported among Latin American and Caribbean countries.

Historical dataset showing Venezuela education spending by year from 2016 to 2023.

Venezuela VE: Military Expenditure as % of General Government Expenditure data was reported at 1.538 % in 2017. This records an increase from the previous number of 1.089 % for 2016. Venezuela VE: Military Expenditure as % of General Government Expenditure data is updated yearly, averaging 4.733 % from Dec 1988 (Median) to 2017, with 30 observations. The data reached an all-time high of 8.452 % in 1989 and a record low of 1.089 % in 2016. Venezuela VE: Military Expenditure as % of General Government Expenditure data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.); ; Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.; Weighted average; Data for some countries are based on partial or uncertain data or rough estimates.

Venezuela: Government spending as percent of GDP: Pour cet indicateur, La Banque mondiale fournit des données pour la Venezuela de 1960 à 2014. La valeur moyenne pour Venezuela pendant cette période était de 11.75 pour cent avec un minimum de 4.85 pour cent en 1996 et un maximum de 14.6 pour cent en 2014.

Historical dataset showing Venezuela healthcare spending per capita by year from 2018 to 2022.

Military Expenditure in Venezuela decreased to 0 USD Million in 2024 from 3.90 USD Million in 2023. Venezuela Military Expenditure - values, historical data, forecasts and news - updated on October of 2025.

This file contains programme budget figures (Regular Resources, Other Resources - Regular and Emergency), allocations and expenditure data for all UNICEF Output level results which have had at least one transaction recorded against them since Jan 01, 2012. Data on sectors funded, grant donors and results is also included. The contents of the datasets are updated on a monthly basis.