Residential electricity prices in Venezuela amounted to 0.05 U.S. dollars per kilowatt-hour in December 2023, the smallest figure of the period. Electricity prices have remained constant since December 2022, peaking at 0.27 U.S. dollars per kilowatt-hour in June 2021. The volume of electricity generated in Venezuela was approximately 83 terawatt-hours in 2022.

Germany, Belgium, and Ireland had some of the highest household electricity prices worldwide, as of June 2024. At the time, German households were charged around 0.39 U.S. dollars per kilowatt-hour, while in Belgium, the price stood at 0.37 U.S. dollars per kilowatt-hour. By comparison, in Qatar, residents paid more than 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations. The top importers of natural gas in Europe in 2023 were Germany and Italy, where this energy source constitutes a relevant share of the power mix.

Venezuela Production Cost data was reported at 7.650 USD/BOE in 2016. This records a decrease from the previous number of 10.680 USD/BOE for 2015. Venezuela Production Cost data is updated yearly, averaging 4.340 USD/BOE from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 18.050 USD/BOE in 2014 and a record low of 0.930 USD/BOE in 2005. Venezuela Production Cost data remains active status in CEIC and is reported by Petroleos de Venezuela S.A.. The data is categorized under Global Database’s Venezuela – Table VE.RB011: Energy Overview: Price and Production Cost.

Venezuela Consumer Price Index (CPI): Maracaibo: HS: Water, Garbage Collection, Electricity & Gas data was reported at 220.100 Dec2007=100 in May 2014. This records an increase from the previous number of 219.000 Dec2007=100 for Apr 2014. Venezuela Consumer Price Index (CPI): Maracaibo: HS: Water, Garbage Collection, Electricity & Gas data is updated monthly, averaging 105.700 Dec2007=100 from Jan 2008 (Median) to May 2014, with 77 observations. The data reached an all-time high of 220.100 Dec2007=100 in May 2014 and a record low of 99.700 Dec2007=100 in Jan 2008. Venezuela Consumer Price Index (CPI): Maracaibo: HS: Water, Garbage Collection, Electricity & Gas data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.I005: Consumer Price Index: Maracaibo: Dec2007=100.

Venezuela Consumer Price Index (CPI): Caracas: HS: Water, Garbage Collection, Electricity & Gas data was reported at 571.100 1997=100 in Dec 2007. This records an increase from the previous number of 571.000 1997=100 for Nov 2007. Venezuela Consumer Price Index (CPI): Caracas: HS: Water, Garbage Collection, Electricity & Gas data is updated monthly, averaging 453.200 1997=100 from Jan 2000 (Median) to Dec 2007, with 96 observations. The data reached an all-time high of 573.200 1997=100 in Mar 2007 and a record low of 232.900 1997=100 in Jan 2000. Venezuela Consumer Price Index (CPI): Caracas: HS: Water, Garbage Collection, Electricity & Gas data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.I003: Consumer Price Index: Caracas: 1997=100.

After three years of growth, the Venezuelan electricity supply meter market decreased by -34.7% to $335K in 2023. In general, consumption recorded a dramatic curtailment. Over the period under review, the market hit record highs at $6M in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

After three years of growth, supplies from abroad of electricity supply or production meters decreased by -31.8% to 9.8K units in 2023.

Honduras was the Latin American country with the highest commercial electricity price as of December 2023, with an average price of 0.24 U.S. dollars per kilowatt-hour. Meanwhile, Argentina reported the lowest price among the countries displayed, at 0.03 U.S. dollars per kilowatt-hour. By comparison, household electricity prices in Latin America were slightly higher.

In 2023, the amount of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters imported into Venezuela surged to 115K units, rising by 28% compared with 2022 figures.

Venezuela Oil: Export Basket Price data was reported at 35.150 USD/Barrel in 2016. This records a decrease from the previous number of 44.650 USD/Barrel for 2015. Venezuela Oil: Export Basket Price data is updated yearly, averaging 44.650 USD/Barrel from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 103.420 USD/Barrel in 2012 and a record low of 9.370 USD/Barrel in 1998. Venezuela Oil: Export Basket Price data remains active status in CEIC and is reported by Petroleos de Venezuela S.A.. The data is categorized under Global Database’s Venezuela – Table VE.RB011: Energy Overview: Price and Production Cost.

1,54 (Mil millones de btu) in 2023. The Energy Information Administration includes the following in U.S. Primary Energy Consumption: coal consumption; coal coke net imports; petroleum consumption (petroleum products supplied, including natural gas plant liquids and crude oil burned as fuel); dry natural gas excluding supplemental gaseous fuels consumption; nuclear electricity net generation (converted to Btu using the nuclear plants heat rate); conventional hydroelectricity net generation (converted to Btu using the fossil-fueled plants heat rate); geothermal electricity net generation (converted to Btu using the geothermal plants heat rate), and geothermal heat pump energy and geothermal direct use energy; solar thermal and photovoltaic electricity net generation (converted to Btu using the fossil-fueled plants heat rate), and solar thermal direct use energy; wind electricity net generation (converted to Btu using the fossil-fueled plants heat rate); wood and wood-derived fuels consumption; biomass waste consumption; fuel ethanol and biodiesel consumption; losses and co-products from the production of fuel ethanol and biodiesel; and electricity net imports (converted to Btu using the electricity heat content of 3,412 Btu per kilowatthour).

This scatter chart displays birth rate (per 1,000 people) against electricity production from hydroelectric sources (% of total) and is filtered where the country is Venezuela. The data is about countries per year.

This dataset is about countries in Venezuela per year, featuring 4 columns: country, date, fertility rate, and renewable energy consumption. The preview is ordered by date (descending).

This scatter chart displays renewable energy consumption (% of total final energy consumption) against fertility rate (births per woman) and is filtered where the country is Venezuela. The data is about countries per year.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita, G-K method, at current prices for Venezuela (PPCGDPVEA620NUPN) from 1950 to 2010 about Venezuela, PPP, per capita, and GDP.

After five years of growth, the Venezuelan power tool market decreased by -18.5% to $9.2M in 2024. Over the period under review, consumption continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $39M in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

Venezuela Consumer Price Index (CPI): Weights: Caracas: HS: Water, Garbage Collection, Electricity & Gas data was reported at 2.713 % in 2015. This stayed constant from the previous number of 2.713 % for 2014. Venezuela Consumer Price Index (CPI): Weights: Caracas: HS: Water, Garbage Collection, Electricity & Gas data is updated yearly, averaging 2.713 % from Dec 2007 (Median) to 2015, with 9 observations. The data reached an all-time high of 2.713 % in 2015 and a record low of 2.713 % in 2015. Venezuela Consumer Price Index (CPI): Weights: Caracas: HS: Water, Garbage Collection, Electricity & Gas data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.I008: Consumer Price Index: Weights: Caracas: Dec2007=100.

Venezuela PPI: Laspeyres: WT: Electric Motors, Generators & Transformers & Electric Power Distribution & Control Devices data was reported at 321,345,148.217 2007=100 in Jan 2019. This records an increase from the previous number of 207,319,450.462 2007=100 for Dec 2018. Venezuela PPI: Laspeyres: WT: Electric Motors, Generators & Transformers & Electric Power Distribution & Control Devices data is updated monthly, averaging 301.727 2007=100 from Jan 2007 (Median) to Jan 2019, with 145 observations. The data reached an all-time high of 321,345,148.217 2007=100 in Jan 2019 and a record low of 93.901 2007=100 in Jan 2007. Venezuela PPI: Laspeyres: WT: Electric Motors, Generators & Transformers & Electric Power Distribution & Control Devices data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.I013: Producer Price Index: 2007=100.

Graph and download economic data for Price level of Output-side Real GDP at Current Purchasing Power Parities (Purchasing Power Parity/Exchange Rate) for Bolivarian Republic of Venezuela (PLGDPOVEA670NRUG) from 1950 to 2019 about Venezuela, PPP, real, GDP, and price.

Graph and download economic data for Consumption Share of Purchasing Power Parity Converted GDP Per Capita at current prices for Venezuela (CSPPPGVEA156NUPN) from 1950 to 2010 about Venezuela, PPP, per capita, consumption, and GDP.