Venezuela, RB
Country statistics · 1990–present
Venezuela, RB at a Glance
Venezuela, RB is home to 28.4 million people as of 2024, with a population that is growing steadily. At a GDP per capita of $4,351, it is a lower-middle-income economy — reflecting an economy in active development. Life expectancy at birth stands at 72.7 years, below the global average.
Population Trends
The total resident population stood at 28.4 million as of 2024. With a birth rate of 15.2 and a death rate of 7.7 per 1,000 people (2024), the natural growth rate stands at 7.6 per 1,000 — equivalent to roughly 215,000 additional residents each year from natural change alone.
Economy & Development
Venezuela, RB is a smaller economy, with a total GDP that is projected at $118 billion (2027 IMF projection). At $4,351 per person, it is classified as a lower-middle-income economy — reflecting an economy in active development. Real GDP growth is projected at 6.0% in 2027, representing solid growth. With an unemployment rate of 35.6% (2018), the labour market reflects high unemployment.
Health & Society
Life expectancy at birth is 72.7 years (2024), below the global average. Current health expenditure per person is $186 (2023), representing very low per-capita healthcare spending, a common constraint in lower-income economies. The adult literacy rate stands at 97.2% (2017), reflecting high literacy rates. 76.7% of the population use the internet (2024), indicating strong digital connectivity.