The ratio of government expenditure to GDP in Venezuela saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 14.38 percent. However, 2023 marked the third consecutive increase of the ratio. Shown here is the general government expenditure as a share of the national gross domestic product. As defined by the International Monetary Fund, the general government expenditure consists of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.
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IMF. (April 22, 2024). Venezuela: Ratio of government expenditure to gross domestic product (GDP) from 2013 to 2023 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/371925/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-venezuela/
IMF. "Venezuela: Ratio of government expenditure to gross domestic product (GDP) from 2013 to 2023." Chart. April 22, 2024. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/371925/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-venezuela/
IMF. (2024). Venezuela: Ratio of government expenditure to gross domestic product (GDP) from 2013 to 2023. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/371925/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-venezuela/
IMF. "Venezuela: Ratio of Government Expenditure to Gross Domestic Product (Gdp) from 2013 to 2023." Statista, Statista Inc., 22 Apr 2024, https://www.statista.com/statistics/371925/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-venezuela/
IMF, Venezuela: Ratio of government expenditure to gross domestic product (GDP) from 2013 to 2023 Statista, https://www.statista.com/statistics/371925/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-venezuela/ (last visited September 01, 2024)
Venezuela: Ratio of government expenditure to gross domestic product (GDP) from 2013 to 2023 [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/371925/ratio-of-government-expenditure-to-gross-domestic-product-gdp-in-venezuela/