The Gross Domestic Product (GDP) in Venezuela was worth 111.81 billion US dollars in 2021, according to official data from the World Bank. The GDP value of Venezuela represents 0.11 percent of the world economy. This dataset provides - Venezuela GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2019, Venezuela’s estimated gross domestic product (GDP) per capita dropped to 2,624.41 U.S. dollars from 3,529.72 U.S. dollars the year before. the country's GDP has been on a continuous downswing for about a decade now - in 2010, it amounted to more than 11,000 U.S. dollars, and seemed to recover from a sudden slump again in 2016, before decreasing rapidly ever since. GDP per capita is a measurement of a country’s economic output that accounts for its number of people, thus making it a good measurement of a country’s standard of living. A time of economic hardships Currently, a major economic crisis is shaking Venezuela, resulting in hyperinflation, food and water shortages, and unemployment. Venezuela’s inflation rate has skyrocketed to over 900,000 percent in 2018, and the economy is suffering, with the Venezuelan GDP growth decreasing substantially each year since 2014. A population affected by instability In response to the economic and political climate, many are leaving the country for places such as Colombia, Peru, and Ecuador, with hopes for more stability and better economic prospects. Due in part to this, Venezuela’s population growth has decreased consistently over the last five years: In 2019, the country’s population was around 28 million inhabitants - a figure that is estimated to decrease further in the future.

Venezuela VE: GDP: 2010 Price: USD: Gross National Income data was reported at 418.280 USD bn in 2014. This records a decrease from the previous number of 423.076 USD bn for 2013. Venezuela VE: GDP: 2010 Price: USD: Gross National Income data is updated yearly, averaging 226.998 USD bn from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 423.076 USD bn in 2013 and a record low of 100.336 USD bn in 1961. Venezuela VE: GDP: 2010 Price: USD: Gross National Income data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Gross Domestic Product: Real. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Gross domestic product (GDP) of Venezuela fell to 43.79 billion U.S. dollars in 2020, down from a 2012 peak of 372.59 U.S. dollars. Venezuela’s economic capacity Venezuela is famously the country with the largest oil reserves. However, mismanagement of the economy has led to several economic problems. Most notably, inflation has gotten out of control and has turned into hyperinflation. This represents a complete breakdown in people’s faith in the currency and, to a similar extent, the entire financial system. The Maduro Diet President Nicolás Maduro has largely been blamed for the economic situation in Venezuela. Many people have lost weight due to food shortages, which critics refer to as the “Maduro Diet”. In early 2019, opposition leader Juan Guaido declared the Maduro administration illegitimate, plunging the country into a constitutional crisis that divided the diplomatic world. Regardless of the outcome, Venezuela will still have to deal with high inflation, growing national debt, and challenges in infrastructure.

Venezuela VE: GDP: 2010 Price: USD: Exports of Goods and Services data was reported at 106.711 USD bn in 2014. This records a decrease from the previous number of 111.925 USD bn for 2013. Venezuela VE: GDP: 2010 Price: USD: Exports of Goods and Services data is updated yearly, averaging 146.599 USD bn from Dec 1973 (Median) to 2014, with 42 observations. The data reached an all-time high of 219.126 USD bn in 1996 and a record low of 92.262 USD bn in 1973. Venezuela VE: GDP: 2010 Price: USD: Exports of Goods and Services data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Gross Domestic Product: Real. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

In 2024, the gross domestic product (GDP) per capita in Venezuela was estimated at 4,510 U.S. dollars. From 1980 to 2024, the figure dropped by 160 U.S. dollars, though the decline followed an uneven course rather than a steady trajectory. Between 2024 and 2026, the GDP per capita will decrease by 1,540 U.S. dollars.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Venezuela VE: GDP: 2010 Price: USD: GNI per Capita data was reported at 13,607.755 USD in 2014. This records a decrease from the previous number of 13,954.673 USD for 2013. Venezuela VE: GDP: 2010 Price: USD: GNI per Capita data is updated yearly, averaging 12,959.921 USD from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 15,662.002 USD in 1977 and a record low of 9,455.878 USD in 2003. Venezuela VE: GDP: 2010 Price: USD: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Gross Domestic Product: Real. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

In 2016, the debt that Venezuela's central government owed to foreign creditors was less than half compared to the amount of debt held with creditors based in the country. While Venezuela's internal debt in relation to the country's gross domestic product (GDP) dropped from **** percent in 2015 to **** percent in 2016, its external debt increased by *** percentage points in the same period.

Monthly and long-term Venezuela GDP Per Capita data: historical series and analyst forecasts curated by FocusEconomics.

Venezuela VE: GDP: 2010 Price: USD: Gross Value Added Per Worker: Agriculture data was reported at 0.019 USD mn in 2014. This records a decrease from the previous number of 0.022 USD mn for 2013. Venezuela VE: GDP: 2010 Price: USD: Gross Value Added Per Worker: Agriculture data is updated yearly, averaging 0.019 USD mn from Dec 1991 (Median) to 2014, with 24 observations. The data reached an all-time high of 0.022 USD mn in 2013 and a record low of 0.014 USD mn in 1994. Venezuela VE: GDP: 2010 Price: USD: Gross Value Added Per Worker: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank.WDI: Gross Domestic Product: Real. Value added per worker is a measure of labor productivity—value added per unit of input. Value added denotes the net output of a sector after adding up all outputs and subtracting intermediate inputs. Data are in constant 2010 U.S. dollars. Agriculture corresponds to the International Standard Industrial Classification (ISIC) tabulation categories A and B (revision 3) or tabulation category A (revision 4), and includes forestry, hunting, and fishing as well as cultivation of crops and livestock production.; ; Derived using World Bank national accounts data and OECD National Accounts data files, and employment data from International Labour Organization, ILOSTAT database.; Weighted average;

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Venezuela (RGDPL2VEA625NUPN) from 1950 to 2010 about Venezuela, PPP, domestic, per capita, GDP, and rate.

Actual value and historical data chart for Venezuela Annual Percentage Growth Rate Of GDP At Market Prices Based On Constant 2010 Us Dollars

The Gross Domestic Product per capita in Venezuela was last recorded at 14025.36 US dollars in 2014. The GDP per Capita in Venezuela is equivalent to 111 percent of the world's average. This dataset provides - Venezuela GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Outstanding Domestic Public Debt Securities to GDP for Bolivarian Republic of Venezuela (DISCONTINUED) (DDDM04VEA156NWDB) from 1996 to 2010 about Venezuela, public, debt, domestic, securities, and GDP.

Graph and download economic data for Purchasing Power Parity Converted GDP Per Capita (Chain Series) for Venezuela (RGDPCHVEA625NUPN) from 1950 to 2010 about Venezuela, PPP, chained, per capita, and GDP.

Ratio of GNP to GDP for Venezuela was 98.88% in January of 2010, according to the United States Federal Reserve. Historically, Ratio of GNP to GDP for Venezuela reached a record high of 101.11 in January of 2007 and a record low of 92.40 in January of 1964. Trading Economics provides the current actual value, an historical data chart and related indicators for Ratio of GNP to GDP for Venezuela - last updated from the United States Federal Reserve on November of 2025.

Venezuela VE: GDP: 2010 Price: USD: Gross Fixed Capital Formation data was reported at 71.451 USD bn in 2014. This records a decrease from the previous number of 85.996 USD bn for 2013. Venezuela VE: GDP: 2010 Price: USD: Gross Fixed Capital Formation data is updated yearly, averaging 24.906 USD bn from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 94.535 USD bn in 2012 and a record low of 10.394 USD bn in 1961. Venezuela VE: GDP: 2010 Price: USD: Gross Fixed Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Venezuela – Table VE.World Bank: Gross Domestic Product: Real. Gross fixed capital formation (formerly gross domestic fixed investment) includes land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. According to the 1993 SNA, net acquisitions of valuables are also considered capital formation. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

Purchasing Power Parity over GDP for Venezuela was 3.15553 National Currency Units per US $ in January of 2010, according to the United States Federal Reserve. Historically, Purchasing Power Parity over GDP for Venezuela reached a record high of 3.15553 in January of 2010 and a record low of 0.00344 in January of 1970. Trading Economics provides the current actual value, an historical data chart and related indicators for Purchasing Power Parity over GDP for Venezuela - last updated from the United States Federal Reserve on November of 2025.

GDP per capita based on PPP of Venezuela (Bolivarian Republic of) grew by 4.97% from 16,528 international dollars in 2010 to 17,349 international dollars in 2011. Since the 3.92% dip in 2009, GDP per capita based on PPP climb by 3.30% in 2011. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Graph and download economic data for Price Level of GDP, G-K method for Venezuela (PLOGDPVEA621NUPN) from 1950 to 2010 about Venezuela and GDP.