Where does Venezuela rank in the world?
Where does Venezuela rank in the world by GDP?
The GDP figure in 2018 was $98,400 million, Venezuela is number 66 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Venezuela dropped $45,441 million with respect to 2017. The GDP per capita of Venezuela in 2018 was $3,406, $1,486 less than in 2017, when it was $4,892.
Is Venezuela poor than India?
India has a GDP per capita of $7,200 as of 2017, while in Venezuela, the GDP per capita is $12,500 as of 2017.
What is Venezuela famous for?
It has the world’s largest known oil reserves and has been one of the world’s leading exporters of oil. Previously, the country was an underdeveloped exporter of agricultural commodities such as coffee and cocoa, but oil quickly came to dominate exports and government revenues.
How corrupt is Venezuela?
The level of corruption in Venezuela is high by world standards and is prevalent throughout many levels of Venezuelan society. … Transparency International’s 2019 Corruption Perception Index ranks the country in 173rd place out of 180 countries.
Where does Venezuela rank in education?
Unsourced material may be challenged and removed. Education in Venezuela is regulated by the Venezuelan Ministry of Education. In 2010, Venezuela ranked 59th of 128 countries on UNESCO’s Education for All Development Index. Nine years of education are compulsory.
Why is Venezuela’s economy collapsing?
Political corruption, chronic shortages of food and medicine, closure of businesses, unemployment, deterioration of productivity, authoritarianism, human rights violations, gross economic mismanagement and high dependence on oil have also contributed to the worsening crisis.
What is the unemployment rate in Venezuela?
In 2020, the unemployment rate in Venezuela was estimated at approximately 9.14 percent.
Venezuela: Unemployment rate from 1999 to 2020.
Is Colombia richer than Venezuela?
Colombia has a GDP per capita of $14,400 as of 2017, while in Venezuela, the GDP per capita is $12,500 as of 2017.