Fiscal Balance in Venezuela
The fiscal balance averaged -9.5% of GDP in the decade to 2024, below the Latin America average of -4.5% of GDP. The fiscal balance in Venezuela in 2024 was -3.6% of GDP. For more information on fiscal balance, visit our dedicated page.
Venezuela Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Venezuela from 2021 to 2024.
Source: Macrobond.
Venezuela Fiscal Balance Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -6.6 | -5.8 | -5.3 | -1.2 | -3.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Venezuelan fiscal balance projections for the next ten years from a panel of 1 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Venezuelan fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Venezuelan fiscal balance projections.
Want to get access to the full dataset of Venezuelan fiscal balance forecasts? Send an email to info@focus-economics.com.