Venezuela, RB
National Accounts data for the period 1960–2014 are sourced from the Central Bank of Venezuela. Estimates for 2015–2024 are derived from the IMF World Economic Outlook (WEO), following methodological consultations with the IMF’s Latin America and the Caribbean (LAC) and Statistics Departments. Final estimates were reviewed by the World Bank Group's Prosperity Vertical.
Global Rank (2023)
#156 / 205
Top 76% of global economies
Composite Score (2023)
45.0 / 100
Living Standard (2023)
$1,428
Subscore: 30.73 / 100
CPI Inflation (2023)
—
Stability Score: 50 / 100
4-Pillar Structural Health Diagnostic (2023)
Harmonized subscores evaluating Output, Productivity, Inflation Stability, and External Buffer
Raw: $1,428 (2015 USD)
Raw: — (Anchor: 3.0%)
Raw: —
Raw: $102.4B Current USD
Optimal Component Weights & Peak Rank Frontier (2023)
Scale & Aggregate Power OrientedWhat we are doing here: We simulate an automated mathematical simplex across all 286 valid permutations of weights for the 4 pillars (summing to 100%) against every competing sovereign country in 2023. This discovers which weighting system maximizes Venezuela, RB's global competitive ranking by accentuating its comparative strengths.
Policy Insight & Strategic Advantage: Venezuela, RB's macroeconomic footprint is heavily amplified by its aggregate GDP size relative to global peers.
Under this bespoke weighting, Venezuela, RB's composite score climbs to 61.3 (compared to 45 under standard multilateral weighting).
Longitudinal Trajectory & Peer Comparison Sandbox (1960–2025)
Tracking Venezuela, RB's multi-decade trajectory overlaid with peer benchmark economies in Year 2023
Cross-Sectional Benchmark Standing in Year 2023
5 economies compared · Ordered by Global Rank| Country | Rank (2023) | Composite Score | GDP per Capita | CPI Inflation | Current Account (% GDP) | Nominal GDP ($) |
|---|---|---|---|---|---|---|
| Germany (DEU) | #16 | 81.1 | $44,369 | 5.95% | 5.50% | $4562.2B |
| United States (USA) | #17 | 80.0 | $65,667 | 4.12% | -3.34% | $27811.5B |
| China (CHN) | #37 | 72.3 | $12,484 | 0.23% | 1.41% | $18270.4B |
| India (IND) | #93 | 59.5 | $2,230 | 5.65% | -0.91% | $3500.9B |
| Venezuela, RB (VEN) Active | #156 | 45.0 | $1,428 | — | — | $102.4B |
Decade-by-Decade Historical Milestones (1970–2023)
Visualizing seminal macroeconomic shifts, shocks, and structural transitions for Venezuela, RB