Government Consumption in Venezuela
Venezuela's economy recorded an average growth of -7.1% in government consumption over the past decade. In 2021, government consumption growth was 4.9%.
Venezuela Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Venezuela from 2012 to 2022.
Source: Macrobond.
Venezuela Government Consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | -25.7 | -23.7 | 6.9 | 8.2 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Venezuelan government consumption projections for the next ten years from a panel of 8 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 government consumption forecast available for Venezuelan government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Venezuelan government consumption projections.
Want to get access to the full dataset of Venezuelan government consumption forecasts? Send an email to info@focus-economics.com.