Country profile
Venezuela
Latin America & Caribbean · Lower-middle income · Capital: Caracas
Key figures, 2024
FDI inflows 2024
$1.6 bn
Inflows % of GDP
1.4%
FDI outflows
$2.6 bn
Net FDI
−$970 m
FDI % of investment
35.7%
In 2024, Venezuela recorded FDI net inflows of $1.6 bn, up 12458% from $13 m in 2023. That is 45% above its 2019–2023 average of $1.1 bn. By value, that ranks 84th of 195 economies with data for 2024. Inflows peaked at $6.2 bn in 1997 (data begin in 1970). Inflows were equivalent to 1.4% of GDP in 2024 — below the Latin America & Caribbean aggregate (2.9%) and in line with the world as a whole (1.4%).
About this summary
Generated automatically from World Bank data. Figures are balance-of-payments net flows in current US$; 2024 is the latest year with broad coverage across economies.Trends
FDI flows over time
Net flows, current US$ (balance-of-payments basis)
- Inflows
- Outflows
Source: World Bank, World Development Indicators (CC BY 4.0). Indicators BX.KLT.DINV.CD.WD and BM.KLT.DINV.CD.WD.
Venezuela compared with its region and the world
- Venezuela
- Latin America & Caribbean (aggregate)
- World
Source: World Bank, World Development Indicators (CC BY 4.0). Indicator BX.KLT.DINV.WD.GD.ZS.
FDI vs remittances, aid and portfolio equity, current US$
- FDI inflows
- Remittances
- Aid (ODA)
- Portfolio equity
FDI is only one of the ways foreign money reaches an economy. For many developing economies, remittances from workers abroad or official aid are larger and more stable; portfolio equity is typically the most volatile.
Source: World Bank, World Development Indicators (CC BY 4.0). Indicators BX.KLT.DINV.CD.WD, BX.TRF.PWKR.CD.DT, DT.ODA.ODAT.CD, BX.PEF.TOTL.CD.WD.
Economy at a glance
The economy behind the investment
The macroeconomic, trade and workforce indicators investors and trade officials look at alongside FDI — latest year, 15-year trend and regional and world benchmarks.
| IMF World Economic Outlook | 2024 | 2025 | 2026forecast | 2027forecast | 2028forecast |
|---|---|---|---|---|---|
| Real GDP growth | 5.3% | 1.5% | 4.0% | 6.0% | — |
| Inflation | 49.4% | 252.0% | 387.4% | 94.4% | — |
| Current account, % GDP | 4.1% | 2.6% | 7.1% | 4.8% | — |
| Fiscal balance, % GDP | −3.7% | −5.8% | — | — | — |
| Government gross debt, % GDP | 169.1% | 308.7% | — | — | — |
Source: IMF World Economic Outlook via the IMF DataMapper API. Years from 2026 are IMF projections; recent years may be estimates and are revised in each WEO round (April and October).
Size & growth
GDP
$99.7 bn2025
77th of 186
GDP per capita
$3,4952025
133rd of 186Region $11,095World $14,406
GNI per capita (PPP)
$20,8402011
56th of 196Region $13,875World $13,559
Population
28.5 m2025
53rd of 217
Population growth
0.4%2025
149th of 217Region 0.7%World 0.9%
Trade & structure
Exports of goods & services
$14.9 bn2025
86th of 138
Imports of goods & services
$10.1 bn2025
103rd of 138
Trade openness (% of GDP)
25.0%2025
136th of 138Region 49.1%World 68.5%
Manufacturing, % of GDP
0.0%2011
192nd of 192Region 16.5%World 16.1%
Services, % of GDP
0.0%2011
199th of 199Region 63.7%World 62.6%
Workforce & innovation
Labour force
11.1 m2025
51st of 182
R&D expenditure, % of GDP
0.3%2014
62nd of 91Region 0.8%World 2.1%
Internet users, % of population
76.7%2024
107th of 182Region 81.7%World 71.2%
Source: World Bank, World Development Indicators. Latest available year shown for each indicator; ranks are among economies reporting that year (highest = 1st). Region = World Bank regional aggregate. Growth, inflation, unemployment, the current account and government debt are shown in the IMF table above where the IMF covers the economy.
Who invests
Source and destination economies
Direct investment positions (stocks) by immediate counterpart economy, as reported to the OECD.
No bilateral positions for this economy
Structure & policy
Sectors and FDI openness
Inward FDI positions by sector
No sector breakdown
FDI Regulatory Restrictiveness
IndexNot covered by the index
Peers
Similar-sized economies in Latin America & Caribbean
The six economies in the same World Bank region with the closest GDP, ranked by FDI inflows as a share of GDP (2024).
- 🇨🇷Costa Rica5.6%
- 🇩🇴Dominican Republic3.6%
- 🇵🇦Panama2.4%
- 🇬🇹Guatemala1.6%
- 🇻🇪Venezuela1.4%
- 🇺🇾Uruguay−4.8%
Sources & notes
World Bank, World Development Indicators
- FDI net inflows —
BX.KLT.DINV.CD.WD - FDI net outflows —
BM.KLT.DINV.CD.WD - FDI net inflows, % of GDP —
BX.KLT.DINV.WD.GD.ZS - Gross fixed capital formation —
NE.GDI.FTOT.CD - Personal remittances received —
BX.TRF.PWKR.CD.DT - Net official development assistance received —
DT.ODA.ODAT.CD - Portfolio equity net inflows —
BX.PEF.TOTL.CD.WD - Real GDP growth —
NY.GDP.MKTP.KD.ZG - Inflation (annual average) —
FP.CPI.TOTL.ZG - Unemployment rate —
SL.UEM.TOTL.ZS - Current account balance, % of GDP —
BN.CAB.XOKA.GD.ZS - Exports of goods & services —
NE.EXP.GNFS.CD - Central government debt, % of GDP —
GC.DOD.TOTL.GD.ZS
OECD: FDI statistics by partner economy and by industry (Benchmark Definition, 4th edition) and the FDI Regulatory Restrictiveness Index.
Flows vs positions. Charts on this page show annual balance-of-payments flows. Bilateral and sector figures are positions (accumulated stocks) and are not directly comparable.
Negative values. Net flows can be negative when foreign investors withdraw capital or intra-company loans are repaid faster than new investment arrives.
Timing. Headline figures use 2024, the latest year with broad coverage across economies; charts also show any newer early estimates. Rankings cover economies only, not aggregates.
Counterparts. Bilateral data record the immediate counterpart, so financial centres and conduit economies can appear larger than the ultimate investors behind them.