Savings Rate, Percent per annum in Venezuela
Venezuela: Savings Rate, Percent per annum was 12.55 in 2017. ◆ Volatile
Savings Rate, Percent per annum in Venezuela, 1992–2017
Source: International Monetary Fund.
Analysis
In 2017, savings rate, percent per annum in Venezuela stood at 12.55.
Compared with earlier readings it is down 0.9% on the previous year and up 69.2% over ten years.
Over the whole period, savings rate, percent per annum in Venezuela peaked at 38.59 in 1993 and was at its lowest, 2.66, in 2001.
That places Venezuela 1st out of 63 countries with data for 2017, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Savings Rate, Percent per annum in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 28.76 | — |
| 1993 | 38.59 | +34.2% |
| 1994 | 29.11 | -24.6% |
| 1995 | 22.17 | -23.8% |
| 1996 | 19.52 | -11.9% |
| 1997 | 7.59 | -61.1% |
| 1998 | 12.34 | +62.5% |
| 1999 | 8.15 | -33.9% |
| 2000 | 3.17 | -61.0% |
| 2001 | 2.66 | -16.2% |
| 2002 | 3.86 | +45.2% |
| 2003 | 6.24 | +61.5% |
| 2004 | 4.47 | -28.4% |
| 2005 | 6.38 | +42.8% |
| 2006 | 6.84 | +7.2% |
| 2007 | 7.42 | +8.5% |
| 2008 | 13.84 | +86.6% |
| 2009 | 13.48 | -2.6% |
| 2010 | 12.58 | -6.6% |
| 2011 | 12.57 | -0.1% |
| 2012 | 12.51 | -0.5% |
| 2013 | 12.56 | +0.4% |
| 2014 | 13.95 | +11.0% |
| 2015 | 13.1 | -6.1% |
| 2016 | 12.66 | -3.4% |
| 2017 | 12.55 | -0.9% |
Venezuela compared with similar countries
- Venezuela's 12.55 is above the median for lower middle income countries, which is 2.8, 4.5× the median. (18 countries reporting)
- Venezuela's 12.55 is above the median for Latin America & Caribbean, which is 1.66, 7.6× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.78 | 7.59 | 38.59 | 8 |
| 2000s | 6.83 | 2.66 | 13.84 | 10 |
| 2010s | 12.81 | 12.51 | 13.95 | 8 |
Countries ranked near Venezuela
- 2 Kyrgyzstan 11.02 compare
- 3 Egypt 11
- 4 Argentina 9.99 compare
More financial sector data for Venezuela
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is savings rate, percent per annum in Venezuela?
- Savings rate, percent per annum in Venezuela was 12.55 in 2017, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Venezuela?
- The highest recorded value was 38.59 in 1993.
- What is the lowest savings rate, percent per annum recorded in Venezuela?
- The lowest recorded value was 2.66 in 2001.
- How does Venezuela rank for savings rate, percent per annum?
- Venezuela ranks 1st out of 63 countries with data for 2017.
- Is savings rate, percent per annum rising or falling in Venezuela?
- Over the last ten years it is up 69.2%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from International Monetary Fund, published as part of Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.