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Venezuela Debt to GDP Ratio

Venezuela's government debt to GDP ratio increased to 164% in 2024 from 138% in 2023. This rise occurred despite GDP growth of 4.0% in 2023 and an estimated 6.2% in 2024. Increased government debt accumulation outpaced economic expansion, driven by persistent fiscal deficits financed through borrowing. Venezuela's record low government debt to GDP was 5.1% in 2016 and record high was 336.5% in 2020.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 164%
2023 138%
2022 164.4%
2021 254.2%
2020 336.5%
2019 206%
2018 175.3%
2017 26%
2016 5.1%
2015 11%
Venezuela Debt to GDP Ratio : Definition
Venezuela's government debt to GDP measures the nation's total government debt as a percentage of its annual economic output. It is calculated by dividing the sum of Venezuela's total public debt liabilities by its Gross Domestic Product for a given year. This ratio includes both domestic and external debt obligations.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 4.1% 3.1% Dec'24
Interest Rate 58.95% 59.06% Sep'25