Venezuela economic profile Flashcards
1
Q
What is the unemployment rate in Venezuela?
A
7.9%
2
Q
What is the real GDP growth rate in Venezuela?
A
6%
3
Q
What is the GDP per capita in Venezuela?
A
$5,735
4
Q
What is the CPI ( inflation rate ) in Venezuela?
A
200%
5
Q
What is the current account as a percentage of GDP in Venezuela?
A
3.35%
6
Q
What is the total government debt as a percentage of GDP in Venezuela?
A
248%
7
Q
What is the competitiveness ranking of the Venezuelan economy?
A
64th
8
Q
What are the strengths of the Venezuelan economy? ( 3 )
A
- Huge gas and oil reserves
- Large mineral reserves
- $14.3 trillion worth in exports
9
Q
What are the weaknesses of the Venezuelan economy? ( 2 )
A
- Massive political instability
- Huge emigration, resulting in a brain drain
