Domestic Demand in Venezuela
Venezuela recorded an average growth rate of -13.6% in the decade to 2021. In 2021, the domestic demand growth was 6.0%.
Venezuela Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Venezuela from 2012 to 2022.
Source: Macrobond.
Venezuela Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | -35.1 | 0.5 | 7.8 | 4.5 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Venezuelan demand projections for the next ten years from a panel of 6 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 demand forecast available for Venezuelan demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Venezuelan demand projections.
Want to get access to the full dataset of Venezuelan demand forecasts? Send an email to info@focus-economics.com.