Venezuela inflation rate 2020

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Crisis-hit Venezuela has the highest inflation rate in the world.

Thanks for your interest in purchasing a high-quality poster of this visualization. The dysfunction is so great that basic economic data has been hard to come by. As the GIF shows, no country in the world is projected to do as spectacularly bad as theirs.Already last year, Venezuela had the world's worst inflation rate, at just under 122%. Venezuela unemployment rate for 2019 was 8.80%, a 1.58% increase from 2018. Watch this GIF, Venezuela, and feel your heart sink. According to IMF, the South American nation’s inflation rate will remain at around 15,000% in 2021. Hyperinflation if the nightmare cousin of ‘normal’ inflation: money devalues rapidly, noticeably and dramatically, and prices shoot up accordingly.Venezuela is not the first country to go into hyperinflation, and it is likely to suffer some of the same symptoms as previous victims, such as Germany, where hyperinflation peaked in 1923, by which time it At independence in 1980, one Zimbabwean dollar officially 'Dollarization' has snapped several countries out of their hyperinflationary tailspin, and it may eventually be the solution for Venezuela too, as people convert their assets into stabler currencies – with or without the consent of the government.Meanwhile, most other countries are projected to keep the inflationary monster well in check. What you see here is a global forecast by the The U.S., by the way, remains solidly green, and has a small inflationary burp, up from 0.12% last year to a peak of 2.49% in 2019.

But that’s nothing compared to what awaits the already impoverished citizens of Venezuela. Venezuela unemployment rate for 2017 was 7.30%, a 0.09% decline from 2016.

Today, the annual inflation rate is 10,398% per year. Venezuela's inflation rate accelerated to 38.6% in May, with accumulated inflation of 295.9% in the first five months of 2020, the central bank said on Monday. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. It recorded a 65000% inflation in 2018, which cooled to 19,910% in 2019, and 15,000% in 2020. Do you want to republish our data visualizations and/or articles?Watch this GIF, Venezuela, and feel your heart sink. If you'd like to use our visualization in books, magazines, reports, educational materials, etc. This page provides - Venezuela Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Caracas―Venezuela ended June with a year-on-year inflation of 3,500 percent, according to a statement published Wednesday by the opposition-controlled legislature.

This year, Venezuela's already world-beating inflation rate is expected to quadruple to 482%.

By 2020, only South Africa is projected to have >20% unemployment.Please feel free to leave your comments below! we can issue a permission document, granting non-exclusive rights to reproduce, store, publish, & distribute.