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.

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.

The growth of the real gross domestic product (GDP) in Venezuela was estimated at 5.3 percent in 2024. From 1980 to 2024, the growth rose by 10.25 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2026, the growth will decrease by 8.3 percentage points.This indicator describes the annual change in the gross domestic product at constant prices, expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.

The Gross Domestic Product (GDP) in Venezuela expanded 8.71 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - Venezuela GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) in current prices in Venezuela was estimated at 119.8 billion U.S. dollars in 2024. From 1980 to 2024, the GDP rose by 49.96 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2026, the GDP will decrease by 39.88 billion U.S. dollars.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

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).

The Gross Domestic Product per capita in Venezuela was last recorded at 17131.39 US dollars in 2014, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Venezuela, when adjusted by Purchasing Power Parity is equivalent to 96 percent of the world's average. This dataset provides - Venezuela GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Actual value and historical data chart for Venezuela GDP Us Dollar

Yearly (annual) dataset of the Venezuela Debt to GDP Ratio, including historical data, latest releases, and long-term trends from 2015-12-31 to 2024-12-31. Available for free download in CSV format.

Actual value and historical data chart for Venezuela GDP Per Capita Growth Annual Percent

The gross domestic product (GDP) at PPP of Venezuela was 227.64 billion PPP dollars in 2024. Between 1980 and 2024, the GDP rose by 108.81 billion PPP dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. From 2024 to 2026, the GDP will increase by 3.76 billion PPP dollars.This indicator describes the gross domestic product at current prices expressed in international dollars and adjusted for purchasing power parity. The gross domestic product refers to the total value of final goods and services produced during a year. For the indicator at hand, the GDP value has been adjusted for purchasing power parity to increase comparability regarding the costs for goods and services. The International Monetary Fund database provides further details on the utilized exchange rates.

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.

Actual value and historical data chart for Venezuela GDP Deflator Base Year Varies By Country

Pdb Per Kapita Venezuela dilaporkan sebesar 640,750.491 USD pada 2017. Rekor ini naik dibanding sebelumnya yaitu 97,841.180 USD untuk 2016. Data Pdb Per Kapita Venezuela diperbarui tahunan, dengan rata-rata 3,191.476 USD dari 1960 sampai 2017, dengan 58 observasi. Data ini mencapai angka tertinggi sebesar 640,750.491 USD pada 2017 dan rekor terendah sebesar 869.041 USD pada 1965. Data Pdb Per Kapita Venezuela tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: GDP Per Capita: USD: Annual.

Venezuela recorded a Current Account surplus of 4.10 percent of the country's Gross Domestic Product in 2024. This dataset provides - Venezuela Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) of Venezuela was estimated at 164.32 percent in 2024. Between 1998 and 2024, the ratio rose by 133.66 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

In 2024, the gross domestic product (GDP) per capita (in PPP dollars) in Venezuela was estimated at 7,530 international dollars. From 1980 to 2024, the figure dropped by 14,710 international dollars, though the decline followed an uneven course rather than a steady trajectory. Between 2024 and 2026, the GDP per capita will decrease by 780 international dollars.

The gross domestic product (GDP) at current prices of Venezuela was estimated at 15.7 million U.S. dollars in 2024. Following a continuous upward trend, the GDP has risen by 15.7 million U.S. dollars since 2018. Between 2024 and 2026, the GDP will increase by 388.98 million U.S. dollars.

Os dados de Pib Per Capita da Venezuela foram registrados em 640,750.491 USD em 2017. Este é um registro de um aumento com relação aos números anteriores de 97,841.180 USD em 2016. Os dados de Pib Per Capita da Venezuela são atualizados anualmente, com uma média de 3,191.476 USD em 1960 até 2017, com 58 observações. Os dados alcançaram um alto recorde de 640,750.491 USD em 2017 e um baixo recorde de 869.041 USD em 1965. Os dados de Pib Per Capita da Venezuela permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: GDP Per Capita: USD: Annual.

Key information about Venezuela Foreign Direct Investment

• Venezuela Foreign Direct Investment (FDI) increased by 105.0 USD mn in Mar 2019, compared with an increase of 197.0 USD mn in the previous quarter.
• Venezuela Foreign Direct Investment: USD mn net flows data is updated quarterly, available from Mar 1994 to Mar 2019.
• The data reached an all-time high of 3.1 USD bn in Sep 1997 and a record low of -1.5 USD bn in Jun 2009.

CEIC extends history for quarterly Foreign Direct Investment. The Central Bank of Venezuela provides Foreign Direct Investment in USD. Foreign Direct Investment prior to Q1 1997 is sourced from the International Monetary Fund.


Related information about Venezuela Foreign Direct Investment

• In the latest reports of Venezuela, Current Account recorded a surplus of 2.5 USD bn in Mar 2019.
• Venezuela Direct Investment Abroad expanded by 234.0 USD mn in Mar 2019.
• Its Foreign Portfolio Investment increased by 581.0 USD mn in Mar 2019.
• The country's Nominal GDP was reported at 20,139.5 USD bn in Dec 2017.