Indicators · UnoPago Economic Monitor

Exchange rate

Central-bank rates and market quotes, collected by UnoPago. The currency series under external trade comes from a different source and need not agree.

USD, official

813.74VES

2026-09-07 · BCV · 30d +7.4%

EUR, official

945.65VES

2026-09-07 · BCV · 30d +8.0%

USDT

955.57VES

2026-09-06 · BINANCE_P2P · 30d +11.5%

Gap vs USD

17.4%

2026-09-06 · 30d +4.2 pp

Gap vs EUR

1.0%

2026-09-06 · 30d +2.7 pp

Headline indicators

Each tile shows the most recent published figure and the date it refers to. Amber marks a series the source has not updated recently.

Core macro

GDP growth (YoY)

7.1%

2026-06-30 · Δ12m +0.5 pp

Inflation

576.0%

2026-07-31 · Δ12m +359.6 pp

Inflation (MoM)

19.9%

2026-07-31 · Δ12m +5.7 pp

Food inflation

609.7%

2026-07-31 · Δ12m +375.0 pp

Unemployment

5.3%

2025-12-31 · Δ12m 0.0 pp

Policy rate

59.0%

2026-07-31 · Δ12m -0.2 pp

Money supply M2

2.47VES tn

2026-07-31 · Δ12m +2.10 VES tn

External & trade

Current account / GDP

4.3% of GDP

2025-12-31 · Δ12m -0.6 pp

FX reserves

13,363USD mn

2026-08-31 · Δ12m +1,029.0 USD mn

Currency (VES per USD)

806.38VES/USD

2026-09-04 · OTC Interbank · Δ12m +652.56 VES/USD

Crude oil production

1,200.0kb/d

2026-07-31 · Δ12m +116.0 kb/d

Oil rigs

2.0

2026-07-31 · Δ12m 0.0

Fiscal

Gov. debt / GDP

308.7% of GDP

2025-12-31 · Δ12m +139.6 pp

Budget balance / GDP

-5.8% of GDP

2025-12-31 · Δ12m -2.1 pp

World Bank (via Trading Economics)

GDP per capita, current USD

15,944USD

2014-06-15 · Δ12m +3,540.5 USD stale 4468d

GDP per capita, constant 2015 USD

1,518.8USD

2025-06-15 · Δ12m +17.6 USD

Key takeaways

Inflation is 576.0%, hyperinflation territory, +359.6 pp versus a year earlier (as of 2026-07-31).
The ex-post real policy rate is -517.0 pp: policy rate 59.0% minus inflation 576.0% (as of 2026-07-31 / 2026-07-31). Monetary policy is not restraining prices.
GDP growth last printed at 7.1% (as of 2026-06-30).
GDP per capita (constant 2015 USD) is 1,519 USD in 2025, -70% from its 1977 peak of 5,126 USD; the series starts in 1960.
Broad money (M2) grew +563% over 12 months (M2 2.47 VES tn vs 0.37 VES tn a year earlier (as of 2026-07-31); inflation 576.0%), so monetary expansion is running alongside the price surge.
Crude output is 1,200.0 kb/d, rising about 134 kb/d per year over the last three years (as of 2026-07-31).
The current account is in surplus at 4.3% of GDP (as of 2025-12-31).
Public debt stands at 308.7% of GDP (as of 2025-12-31), with a budget balance of -5.8% of GDP.
The official USD rate is 813.74 VES and USDT is 955.57 VES, a gap of 17.4% (as of 2026-09-06).
The bolívar moved +424% against the dollar over 12 months — 806.38 VES/USD, OTC Interbank (as of 2026-09-04).
Data quality: 16 of 16 requested series returned data, 1 of them past their own staleness window (365 days by default, tighter for daily series), 0 unavailable on this API plan or not published.

Cross-indicator view

-517.0 ppreal policy rate{'msg': 'cross.real_rate_note', 'variant': None, 'stale': None, 'vars': {'policy': {'kind': 'num', 'v': 59.04, 'unit': '%', 'digits': 1, 'signed': False}, 'inflation': {'kind': 'num', 'v': 576.0, 'unit': '%', 'digits': 1, 'signed': False}, 'd1': {'kind': 'text', 'v': '2026-07-31'}, 'd2': {'kind': 'text', 'v': '2026-07-31'}}}

-70%GDP per capita vs its peak{'msg': 'cross.gdp_pc_note', 'variant': None, 'stale': None, 'vars': {'value': {'kind': 'num', 'v': 1518.84743, 'unit': 'USD', 'digits': 0, 'signed': False}, 'year': {'kind': 'text', 'v': '2025'}, 'peak': {'kind': 'num', 'v': 5126.15825, 'unit': 'USD', 'digits': 0, 'signed': False}, 'peak_year': {'kind': 'text', 'v': '1977'}, 'basis': {'kind': 'enum', 'table': 'basis', 'key': 'constant'}}}

+563%M2 growth, 12 months{'msg': 'cross.m2_growth_note', 'variant': 'with_inflation', 'stale': None, 'vars': {'value': {'kind': 'num', 'v': 2.472268158, 'unit': 'VES tn', 'digits': 2, 'signed': False}, 'base': {'kind': 'num', 'v': 0.372903396, 'unit': 'VES tn', 'digits': 2, 'signed': False}, 'date': {'kind': 'text', 'v': '2026-07-31'}, 'inflation': {'kind': 'num', 'v': 576.0, 'unit': '%', 'digits': 1, 'signed': False}}}

308.7% of GDPpublic debtbudget balance -5.8% of GDP

Yearly · latest 2014-06-15 · STALE

GDP per capita, constant 2015 US dollars

Yearly · latest 2025-06-15

Trading Economics forecasts

Indicator	Latest	As of	Q+1	Q+2	Q+3	Q+4	Year end	Next YE	YE+2
Crude Oil Production	1200.0	2026-07-31	1200.0	1220.0	1250.0	1350.0	1220.0	1500.0	2000.0
Currency	806.38	2026-09-04	788.93	780.87	776.05	771.23	780.87	761.66	752.25
Current Account to GDP	4.3	2025-12-31					4.8	4.0	3.2
GDP Annual Growth Rate	7.14	2026-06-30	3.0	5.0	7.0	5.0	5.0	3.0	3.5
Government Budget	-5.8	2025-12-31					-7.0	-5.0	-4.0
Government Debt to GDP	308.7	2025-12-31					165.0	167.0	170.0
Inflation Rate	576.0	2026-07-31	670.0	665.0	660.0	655.0	665.0	600.0	180.0
Interest Rate	59.04	2026-07-31	59.0	59.0	59.0	59.0	59.0	58.0	58.0
Deposit Interest Rate	38.0	2026-08-27	37.96	37.96	37.96	37.96	37.96	36.96	36.96
Gasoline Prices	0.01	2026-08-31	0.01	0.01	0.01	0.01	0.01	0.02	0.02
Minimum Wages	13000000.0	2026-01-01					13000000.0	13000000.0	13000000.0
Population	34.44	2025-12-31					33.9	34.0	34.2
Stock Market	5940.58	2026-09-04	5377.31	4317.83	3782.89	3313.75	4317.83	2543.64	1952.13

Sovereign credit ratings

Country	Date	Agency	Rating	Outlook
Venezuela	9/20/2021	S&P	N/A	N/A
Venezuela	3/9/2018	Moody's	C	Stable

Method

Δ prev is the change versus the previous observation; Δ 12m is versus the observation closest to twelve months earlier (the previous point for annual series).
Stale marks a series whose latest observation is older than the configured threshold, or two years for yearly series. Values are as published; nothing is interpolated.
Real policy rate is the policy rate minus headline inflation, ex post. Import cover is reserves divided by monthly imports.
Charts switch to a log scale automatically when a series spans more than two orders of magnitude.
The budget chart overlays inflation on a separate log right-hand axis; read each series against its own axis.
Bars are coloured above and below zero. Source: Trading Economics API, drawing on the official national and international sources listed per series.
The currency series is rebased for the 2018 and 2021 redenominations (÷100,000 and ÷1,000,000), so pre-2019 values sit near zero.
Calendar events are not included in this API plan, so the upcoming-releases section is omitted.
This page carries two dollar rates from different sources. The exchange-rate band is the central bank's own rate and a market quote, collected by UnoPago. The currency tile and chart under external trade are Trading Economics' OTC interbank series, which starts earlier and is measured differently — the two need not agree, and each names its source.

Data: Trading Economics, drawing on the official national and international sources listed per series, plus World Bank series accessed through the same API. Figures are reproduced as published, without interpolation or adjustment, and may be revised by the source. Published by UnoPago as an information service; not investment advice.

generated 2026-09-08 11:02 · history from 1960-06-15