Venezuela Economy

The Venezuelan economy, with a population of 28.9M ( 2011 Census.), ranks 33rd in the world with a GDP PPP of $407.9 billion and GDP PPP per capita of $13,605 vs. $53,101 (United States) according to the IMF in 2013. Its national currency is the Bolívar fuerte (VEF) that is issued by the Banco Central de Venezuela (www.bcv.org.ve). National banks within the country offer standard bank account products including individual transaction and savings products such as 'Cuenta Corriente Clásica' (Current Account) and 'Cuenta de Ahorros' (Savings Account). According to the CIA.gov webiste, its inflation was estimated to be 56.2% in 2013 and 21.1% in 2012.