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Venezuela

Venezuela National accounts Stats

Definitions

  • Atlas GNI and GNI per capita > GNI per capita > Atlas method > Current US$: GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States."
  • Growth rates > Household final > Consumption expenditure > Etc. > Annual % growth: Annual percentage growth of household final consumption expenditure is based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. This item also includes any statistical discrepancy in the use of resources relative to the supply of resources."
  • Local currency at constant prices > Aggregate indicators > GDP per capita > Constant LCU: GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • Local currency at constant prices > Expenditure on GDP > Final > Consumption expenditure: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). Data are in constant local currency.
  • Local currency at constant prices > Expenditure on GDP > Household final > Consumption expen: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in constant local currency."
  • Local currency at constant prices > Other items > Terms of trade adjustment > Constant LCU: The terms of trade effect equals capacity to import less exports of goods and services in constant prices. Data are in constant local currency.
  • Local currency at constant prices > Value added > Manufacturing > Value added > Constant LC: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are in constant local currency."
  • Local currency at current prices > Expenditure on GDP > Final > Consumption expenditure > Etc: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources. Data are in current local currency.
  • Local currency at current prices > Expenditure on GDP > Imports > Goods and services > Cu: Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current local currency."
  • Shares of GDP and other > External balance on goods and services > % of GDP: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
  • Shares of GDP and other > Gross domestic savings > % of GDP: Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption).
  • US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant U.S. dollars.
  • US$ at constant 2000 prices > Expenditure on GDP > Final > Consumption expenditure > Constan: Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). Data are in constant 2000 U.S. dollars.
  • US$ at constant 2000 prices > Value added > Manufacturing > Value added > Constant 2000 US$: Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3. Data are expressed constant 2000 U.S. dollars."
  • US$ at current prices > Expenditure on GDP > Changes in inventories > Current US$: Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and ""work in progress."" Data are in current U.S. dollars."
STAT AMOUNT DATE RANK HISTORY
Atlas GNI and GNI per capita > GNI per capita > Atlas method > Current US$ $10,090.00 2009 40th out of 154
Growth rates > Household final > Consumption expenditure > Etc. > Annual % growth -4.28% 2009 77th out of 98
Local currency at constant prices > Aggregate indicators > GDP per capita > Constant LCU 1,973.74 2009 145th out of 162
Local currency at constant prices > Expenditure on GDP > Final > Consumption expenditure 49.9 billion 2009 66th out of 83
Local currency at constant prices > Expenditure on GDP > Household final > Consumption expen 40.52 billion 2009 71st out of 95
Local currency at constant prices > Other items > Terms of trade adjustment > Constant LCU 10.65 billion 2009 32nd out of 105
Local currency at constant prices > Value added > Manufacturing > Value added > Constant LC 10.46 billion 2009 66th out of 108
Local currency at current prices > Expenditure on GDP > Final > Consumption expenditure > Etc 542.27 billion 2009 70th out of 130
Local currency at current prices > Expenditure on GDP > Imports > Goods and services > Cu 143.33 billion 2009 81st out of 138
Shares of GDP and other > External balance on goods and services > % of GDP -2.22% 2009 63th out of 140
Shares of GDP and other > Gross domestic savings > % of GDP 22.56% 2009 43th out of 131
US$ at constant 2000 prices > Aggregate indicators > GDP per capita > Constant 2000 US$ $5,637.67 2009 49th out of 161
US$ at constant 2000 prices > Expenditure on GDP > Final > Consumption expenditure > Constan $134.27 billion 2009 25th out of 81
US$ at constant 2000 prices > Value added > Manufacturing > Value added > Constant 2000 US$ $26.82 billion 2009 21st out of 106
US$ at current prices > Expenditure on GDP > Changes in inventories > Current US$ $8.70 billion 2009 4th out of 126

SOURCES: World Bank national accounts data, and OECD National Accounts data files.

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