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The growth rate and the feasibility of the economy of Venezuela is measured and reflected through Venezuela Statistics. Venezuela Statistics also served as an indicator of the important achievements of the Venezuela Economy.
GNP and GDP of Venezuela
The GNP of Venezuela is estimated to be $105.3 billion. The total population of Venezuela is estimated to be 26,023,528. The approximate per capita Gross National Income of Venezuela is $ 4,030. The economy of Venezuela is very strong and well developed. The Gross Domestic Product of Venezuela is $ 186.3 billion while GDP per capita is $7,200. The GDP of Venezuela recorded a growth rate of about 10.3%.
Important Industries of Venezuela
The industrial sector plays an important role in expanding and accelerating the economic growth of the country. Oil Industry is the most important industry of Venezuela and also accounts for almost 1/3 rd of the GDP. Venezuela also earns nearly 50% revenue from the Oil Industry. This industry also accounts for 90% of the total export earnings of Venezuela.
On the other hand, the manufacturing industry, which also plays a significant role, accounts for nearly 1/6th of the GDP of Venezuela. The industrial sector of Venezuela provides employment to 23% of the total work force, while 13% of the work force is absorbed by the agricultural sector.
It is important to know about Venezuela Statistics because they provide a clear idea about the economy of the country.
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