Please enable JavaScript.
Coggle requires JavaScript to display documents.
Venezuela - Coggle Diagram
Venezuela
Data
Gini coefficient
39
higher value = higher inequality
Inflation rate
359.99 in 2023
199.99 in 2024
GDP
11.9%
Exchange rate
1 VES = 0.0276161 USD
Cash Rate
In may 2023 the cash rate of Venezuela is 53.62% pa
Interest rate
Venezuela’s interest rate increase by 0.42 percentage points
2023 December 1st the interest rate is 56.69%
Action
the GDP has increased
Force see an increasing in National revenue
Factor
What cause the inflation in Venezuela
Poor economic policy
Heavy money printing
What is the factor that can cause inflation
Demand
Demand pull inflation can be caused by the want of consumers in a certain product or service.
Fiscal policy
The government can increase the amount of income
Production cost
When the production cost (material and other) the inflation appears. Which also can said Cost - push Inflation