Fiscal Balance in Venezuela
The fiscal balance in Venezuela averaged -10.6% of GDP in the decade to 2022, which is above the Latin America regional average of -4.7% of GDP. The fiscal balance in 2022 was -6.0% of GDP. For more fiscal balance information, visit our dedicated page.
Venezuela Fiscal Balance Chart
Venezuela Fiscal Balance Data
|Fiscal Balance (% of GDP)||-30.3||-10.0||-5.0||-4.6||-6.0|
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 2 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.
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