Government expenditure as a share of gdp reached 39.5% in 2023 in Venezuela, according to the National Statistical Office. This is 1.19% more than in the previous year.
Historically, government expenditure as a share of GDP in Venezuela reached an all time high of 42.2% in 1994 and an all time low of 9.31% in 2020.
Venezuela has been ranked 36th within the group of 172 countries we follow in terms of government expenditure as a share of GDP.
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