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.

In 2024, the gross domestic product (GDP) per capita in Venezuela was estimated at approximately 4.51 thousand U.S. dollars. From 1980 to 2024, the figure dropped by around 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 about 750 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 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.

Key information about Venezuela GDP Per Capita

• Venezuela Gross Domestic Product (GDP) per Capita reached 640,750.491 USD in Dec 2017, compared with 97,841.180 USD in Dec 2016.
• Venezuela GDP Per Capita data is updated yearly, available from Dec 1960 to Dec 2017, with an average number of 3,256.471 USD.
• The data reached an all-time high of 640,750.491 USD in Dec 2017 and a record low of 869.907 in Dec 1965.
• CEIC calculates GDP per Capita from annual Nominal GDP and annual Population and converts it into USD. The Central Bank of Venezuela provides Nominal GDP in local currency. The National Institute of Statistics provides Mid-Year Population. Federal Reserve Board average market exchange rate is used for currency conversions. GDP per Capita prior to 1997 is sourced from the World Bank.

• In the latest reports, Venezuela GDP contracted 26.791 % YoY in Mar 2019.
• Venezuela Nominal GDP reached 20,139.534 USD bn in Dec 2017.
• Its GDP deflator (implicit price deflator) increased 748.056 % in Dec 2017.
• Gross Savings Rate of Venezuela was measured at -17.807 % in Dec 2017.

In 2024, the gross domestic product (GDP) per capita (in PPP dollars) in Venezuela was estimated at approximately 7.53 thousand international dollars. From 1980 to 2024, the figure dropped by around 14.71 thousand 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 about 780 international dollars.

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.

Graph and download economic data for Gross Domestic Product Per Capita for Bolivarian Republic of Venezuela (PCAGDPVEA646NWDB) from 1960 to 2014 about Venezuela, per capita, and GDP.

Venezuela VE: GDP: GNI per Capita data was reported at 97,505.073 VEF in 2014. This records an increase from the previous number of 71,731.969 VEF for 2013. Venezuela VE: GDP: GNI per Capita data is updated yearly, averaging 34.386 VEF from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 97,505.073 VEF in 2014 and a record low of 3.301 VEF in 1961. Venezuela VE: GDP: 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: Gross Domestic Product: Nominal. 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 current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

GDP per capita growth (annual %) in Venezuela was reported at --8.1731 % in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

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.

GDP per capita (constant 2015 US$) in Venezuela was reported at 7697 USD in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Venezuela VE: GDP: PPP:(GDP) Gross Domestic Productper Capita data was reported at 17,639.886 Intl $ in 2014. This records a decrease from the previous number of 18,281.193 Intl $ for 2013. Venezuela VE: GDP: PPP:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging 11,794.055 Intl $ from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 18,281.193 Intl $ in 2013 and a record low of 9,339.954 Intl $ in 1990. Venezuela VE: GDP: PPP:(GDP) Gross Domestic Productper 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: Purchasing Power Parity. 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. Data are in current international dollars based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; Weighted average;

Venezuela: GDP per capita, Purchasing Power Parity: The latest value from is U.S. dollars, unavailable from U.S. dollars in . In comparison, the world average is 0 U.S. dollars, based on data from countries. Historically, the average for Venezuela from to is U.S. dollars. The minimum value, U.S. dollars, was reached in while the maximum of U.S. dollars was recorded in .

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

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 3,256.471 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 869.907 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.

Venezuela: GDP per capita, constant 2010 dollars: Pour cet indicateur, La Banque mondiale fournit des données pour la Venezuela de à . La valeur moyenne pour Venezuela pendant cette période était de U.S. dollars avec un minimum de U.S. dollars en et un maximum de U.S. dollars en .

Graph and download economic data for Investment Share of Purchasing Power Parity Converted GDP Per Capita at current prices for Venezuela (CIPPPGVEA156NUPN) from 1950 to 2010 about Venezuela, PPP, investment, per capita, and GDP.

GDP per capita, PPP (constant 2017 international $) in Venezuela was reported at 9402 USD in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - GDP per capita, PPP (constant 2005 international $) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Venezuela VE: GDP: USD: per Capita data was reported at 15,692.413 USD in 2014. This records an increase from the previous number of 12,237.194 USD for 2013. Venezuela VE: GDP: USD: per Capita data is updated yearly, averaging 3,196.113 USD from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 15,692.413 USD in 2014 and a record low of 961.456 USD in 1964. Venezuela VE: GDP: USD: 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: Gross Domestic Product: Nominal. GDP per capita is gross domestic product divided by midyear population. GDP 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. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

GDP per capita (constant LCU) in Venezuela was reported at 1092 LCU in 2018, according to the World Bank collection of development indicators, compiled from officially recognized sources. Venezuela - GDP per capita (constant LCU) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.