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: % of GDP: Exports of Goods and Services data was reported at 16.694 % in 2014. This records a decrease from the previous number of 24.765 % for 2013. Venezuela VE: GDP: % of GDP: Exports of Goods and Services data is updated yearly, averaging 26.811 % from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 39.659 % in 2005 and a record low of 16.694 % in 2014. Venezuela VE: GDP: % of GDP: 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: Gross Domestic Product: Share of GDP. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Venezuela VE: GDP: USD: Gross National Income data was reported at 476.934 USD bn in 2014. This records an increase from the previous number of 359.262 USD bn for 2013. Venezuela VE: GDP: USD: Gross National Income data is updated yearly, averaging 56.409 USD bn from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 476.934 USD bn in 2014 and a record low of 8.204 USD bn in 1960. Venezuela VE: GDP: 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: Nominal. 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 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

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 VE: GDP: % of GDP: External Balance on Goods and Services data was reported at -14.703 % in 2014. This records a decrease from the previous number of -4.748 % for 2013. Venezuela VE: GDP: % of GDP: External Balance on Goods and Services data is updated yearly, averaging 6.902 % from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 21.972 % in 1974 and a record low of -14.703 % in 2014. Venezuela VE: GDP: % of GDP: External Balance on 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: Gross Domestic Product: Share of GDP. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Explore macroeconomic statistics and indicators, including GDP, Gross Fixed Capital Formation, National Income, and more. This dataset covers a wide range of countries such as Afghanistan, Albania, Algeria, Australia, Brazil, China, Germany, India, United States, and many more.

GDP, Gross Domestic Product, Capita, GFCF, Gross Fixed Capital Formation, Value, Added, Gross, Output, National, Income, Manufacturing, Agriculture, Population, National Accounts

Afghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize, Benin, Bhutan, Bolivia, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Côte d'Ivoire, Cabo Verde, Cambodia, Cameroon, Canada, Central African Republic, Chad, Chile, China, Colombia, Comoros, Congo, Costa Rica, Croatia, Cuba, Cyprus, Czechia, Democratic Republic of the Congo, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Eritrea, Estonia, Eswatini, Ethiopia, Fiji, Finland, France, Gabon, Gambia, Georgia, Germany, Ghana, Greece, Grenada, Guatemala, Guinea, Guinea-Bissau, Guyana, Haiti, Honduras, Hungary, Iceland, India, Indonesia, Iran, Iraq, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kuwait, Kyrgyzstan, Latvia, Lebanon, Lesotho, Liberia, Libya, Liechtenstein, Lithuania, Luxembourg, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Mauritania, Mauritius, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Morocco, Mozambique, Myanmar, Namibia, Nauru, Nepal, Netherlands, New Zealand, Nicaragua, Niger, Nigeria, North Macedonia, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, San Marino, Sao Tome and Principe, Saudi Arabia, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Sudan, Spain, Sri Lanka, Sudan, Suriname, Sweden, Switzerland, Syria, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tonga, Trinidad and Tobago, Tunisia, Turkmenistan, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States of America, Uruguay, Uzbekistan, Vanuatu, Venezuela, Yemen, Zambia, Zimbabwe

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Venezuela VE: GDP: Growth data was reported at -3.894 % in 2014. This records a decrease from the previous number of 1.343 % for 2013. Venezuela VE: GDP: Growth data is updated yearly, averaging 3.044 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 18.287 % in 2004 and a record low of -8.856 % in 2002. Venezuela VE: GDP: Growth 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: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

This dataset presents information on historical central government revenues for 31 countries in Europe and the Americas for the period from 1800 (or independence) to 2012. The countries included are: Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Canada, Chile, Colombia, Denmark, Ecuador, Finland, France, Germany (West Germany between 1949 and 1990), Ireland, Italy, Japan, Mexico, New Zealand, Norway, Paraguay, Peru, Portugal, Spain, Sweden, Switzerland, the Netherlands, the United Kingdom, the United States, Uruguay, and Venezuela. In other words, the dataset includes all South American, North American, and Western European countries with a population of more than one million, plus Australia, New Zealand, Japan, and Mexico. The dataset contains information on the public finances of central governments. To make such information comparable cross-nationally we have chosen to normalize nominal revenue figures in two ways: (i) as a share of the total budget, and (ii) as a share of total gross domestic product. The total tax revenue of the central state is disaggregated guided by the Government Finance Statistics Manual 2001 of the International Monetary Fund (IMF) which provides a classification of types of revenue, and describes in detail the contents of each classification category. Given the paucity of detailed historical data and the needs of our project, we combined some subcategories. First, we are interested in total tax revenue (centaxtot), as well as the shares of total revenue coming from direct (centaxdirectsh) and indirect (centaxindirectsh) taxes. Further, we measure two sub-categories of direct taxation, namely taxes on property (centaxpropertysh) and income (centaxincomesh). For indirect taxes, we separate excises (centaxexcisesh), consumption (centaxconssh), and customs(centaxcustomssh).

For a more detailed description of the dataset and the coding process, see the codebook available in the .zip-file.

Purpose:

This dataset presents information on historical central government revenues for 31 countries in Europe and the Americas for the period from 1800 (or independence) to 2012. The countries included are: Argentina, Australia, Austria, Belgium, Bolivia, Brazil, Canada, Chile, Colombia, Denmark, Ecuador, Finland, France, Germany (West Germany between 1949 and 1990), Ireland, Italy, Japan, Mexico, New Zealand, Norway, Paraguay, Peru, Portugal, Spain, Sweden, Switzerland, the Netherlands, the United Kingdom, the United States, Uruguay, and Venezuela. In other words, the dataset includes all South American, North American, and Western European countries with a population of more than one million, plus Australia, New Zealand, Japan, and Mexico. The dataset contains information on the public finances of central governments. To make such information comparable cross-nationally we have chosen to normalize nominal revenue figures in two ways: (i) as a share of the total budget, and (ii) as a share of total gross domestic product. The total tax revenue of the central state is disaggregated guided by the Government Finance Statistics Manual 2001 of the International Monetary Fund (IMF) which provides a classification of types of revenue, and describes in detail the contents of each classification category. Given the paucity of detailed historical data and the needs of our project, we combined some subcategories. First, we are interested in total tax revenue (centaxtot), as well as the shares of total revenue coming from direct (centaxdirectsh) and indirect (centaxindirectsh) taxes. Further, we measure two sub-categories of direct taxation, namely taxes on property (centaxpropertysh) and income (centaxincomesh). For indirect taxes, we separate excises (centaxexcisesh), consumption (centaxconssh), and customs(centaxcustomssh).

Venezuela VE: GDP: External Balance of Goods and Services data was reported at -445,688.389 VEF mn in 2014. This records a decrease from the previous number of -106,628.284 VEF mn for 2013. Venezuela VE: GDP: External Balance of Goods and Services data is updated yearly, averaging 6.967 VEF mn from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 139,114.020 VEF mn in 2011 and a record low of -445,688.389 VEF mn in 2014. Venezuela VE: GDP: External Balance 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: Nominal. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Venezuela VE: GDP: USD: External Balance of Goods and Services data was reported at -70.922 USD bn in 2014. This records a decrease from the previous number of -17.615 USD bn for 2013. Venezuela VE: GDP: USD: External Balance of Goods and Services data is updated yearly, averaging 1.644 USD bn from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 42.952 USD bn in 2010 and a record low of -70.922 USD bn in 2014. Venezuela VE: GDP: USD: External Balance 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: Nominal. External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Abstract copyright UK Data Service and data collection copyright owner. The OECD's quarterly national accounts (QNA) dataset presents data collected from all the OECD member countries and some other major economies on the basis of a standardised questionnaire. It contains a wide selection of generally seasonally adjusted quarterly series most widely used for economic analysis. It contains a wide selection of generally seasonally adjusted quarterly series most widely used for economic analysis from 1947 or whenever available:- GDP expenditure and output approaches (current prices and volume estimates);- GDP income approach (current prices);- Gross fixed capital formation (current prices and volume estimates) broken down separately by type of asset or product and by institutional sector;- Disposable income and Real disposable income components;- Saving and net lending (current prices);- Population and Employment (in persons);- Employment by industry (in persons and hours worked);- Compensation of employees (current prices);- Household final consumption expenditure by durability (current prices and volume estimates).Please note that OECD reference year changed from 2010 to 2015 on Tuesday 3rd of December, 2019. These data were first provided by the UK Data Service in October 2006. Main Topics: The database covers:Gross Domestic Productlendingsavingincomehousehold final consumption expendituredetailed accounts for population and employmentexchange rates and purchasing power paritiestotal employment, self-employment, and employment by industry sectorGross Domestic Product by type of expenditure and by industrygross fixed capital formation by product and by institutional sectorcomponents of disposable income. 1947 2021 Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil Brunei Darussalam Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Rep... Chad Channel Islands Chile China Colombia Comoros Congo Costa Rica Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic EMPLOYMENT EXCHANGE RATES EXPENDITURE Economic conditions... Ecuador Egypt El Salvador Equatorial Guinea Estonia Ethiopia Europe European Union Coun... Faroe Islands Finland France GROSS DOMESTIC PRODUCT Gabon Gambia Georgia Germany October 1990 Ghana Gibraltar Greece Grenada Guatemala Guinea Guinea Bissau Honduras Hong Kong Hungary INCOME INDUSTRIES Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Jamaica Japan Jordan Kazakhstan Kenya Kosovo Kuwait Kyrgyzstan Latvia Lebanon Lesotho Liberia Lithuania Luxembourg Macao Macedonia Madagascar Malawi Malaysia Mali Malta Mauritania Mauritius Mexico Moldova Montenegro Morocco Mozambique Multi nation NATIONAL ACCOUNTING NATIONAL INCOME Namibia Nepal Netherlands New Zealand Nicaragua Niger Nigeria Norway Romania Russia Rwanda Saint Lucia Saint Martin Saint Vincent Saotome Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Slovakia Slovenia Solomon Islands Somalia South Africa South Korea Spain Sri Lanka Sudan Surinam Swaziland Switzerland Tajikistan Tanzania Thailand Togo Trinidad and Tobago Turkey Turkmenistan Uganda Ukraine United Kingdom United States Uruguay Uzbekistan Vanuatu Venezuela Vietnam Virgin Islands USA Zambia Zimbabwe

Venezuela VE: GDP: Growth: Gross Value Added: Industry: Manufacturing data was reported at -7.225 % in 2014. This records a decrease from the previous number of -0.297 % for 2013. Venezuela VE: GDP: Growth: Gross Value Added: Industry: Manufacturing data is updated yearly, averaging 3.754 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 42.502 % in 1997 and a record low of -14.624 % in 1989. Venezuela VE: GDP: Growth: Gross Value Added: Industry: Manufacturing 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: Annual Growth Rate. Annual growth rate for manufacturing value added based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Manufacturing refers to industries belonging to ISIC divisions 15-37. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Venezuela VE: GDP: Real: per Capita data was reported at 1,945.784 VEF in 2014. This records a decrease from the previous number of 2,052.714 VEF for 2013. Venezuela VE: GDP: Real: per Capita data is updated yearly, averaging 1,866.182 VEF from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 2,208.120 VEF in 1977 and a record low of 1,378.226 VEF in 2003. Venezuela VE: GDP: Real: 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: Real. GDP per capita is gross domestic product divided by midyear population. 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 constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Venezuela VE: GDP: Market Price: Linked Series data was reported at 3,031,242.431 VEF mn in 2014. This records an increase from the previous number of 1,887,009.605 VEF mn for 2013. Venezuela VE: GDP: Market Price: Linked Series data is updated yearly, averaging 82,671.955 VEF mn from Dec 1989 (Median) to 2014, with 26 observations. The data reached an all-time high of 3,031,242.431 VEF mn in 2014 and a record low of 1,228.035 VEF mn in 1989. Venezuela VE: GDP: Market Price: Linked Series 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 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Venezuela VE: GDP: PPP data was reported at 542,221.479 Intl $ mn in 2014. This records a decrease from the previous number of 554,246.430 Intl $ mn for 2013. Venezuela VE: GDP: PPP data is updated yearly, averaging 279,759.804 Intl $ mn from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 554,246.430 Intl $ mn in 2013 and a record low of 185,509.764 Intl $ mn in 1990. Venezuela VE: GDP: PPP 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. 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 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. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).; ; World Bank, International Comparison Program database.; Gap-filled total;

Venezuela VE: GDP: Growth:(GDP) Gross Domestic Productper Capita data was reported at -5.209 % in 2014. This records a decrease from the previous number of -0.077 % for 2013. Venezuela VE: GDP: Growth:(GDP) Gross Domestic Productper Capita data is updated yearly, averaging -0.021 % from Dec 1961 (Median) to 2014, with 54 observations. The data reached an all-time high of 16.226 % in 2004 and a record low of -10.814 % in 1989. Venezuela VE: GDP: Growth:(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: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP per capita is gross domestic product divided by midyear population. 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.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Venezuela VE: GDP: Deflator: Linked Series data was reported at 5,068.098 NA in 2014. This records an increase from the previous number of 3,032.126 NA for 2013. Venezuela VE: GDP: Deflator: Linked Series data is updated yearly, averaging 205.337 NA from Dec 1989 (Median) to 2014, with 26 observations. The data reached an all-time high of 5,068.098 NA in 2014 and a record low of 3.920 NA in 1989. Venezuela VE: GDP: Deflator: Linked Series 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. The GDP implicit deflator is calculated as the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The base year varies by country.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Venezuela VE: GDP: Real: Gross Domestic Income data was reported at 64,355.580 VEF mn in 2014. This records a decrease from the previous number of 77,652.160 VEF mn for 2013. Venezuela VE: GDP: Real: Gross Domestic Income data is updated yearly, averaging 33,557.394 VEF mn from Dec 1973 (Median) to 2014, with 42 observations. The data reached an all-time high of 88,219.996 VEF mn in 2008 and a record low of 20,373.156 VEF mn in 1974. Venezuela VE: GDP: Real: Gross Domestic 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. Gross domestic income is derived as the sum of GDP and the terms of trade adjustment. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Venezuela VE: GDP: USD: Gross National Expenditure data was reported at 553.281 USD bn in 2014. This records an increase from the previous number of 388.620 USD bn for 2013. Venezuela VE: GDP: USD: Gross National Expenditure data is updated yearly, averaging 57.897 USD bn from Dec 1960 (Median) to 2014, with 55 observations. The data reached an all-time high of 553.281 USD bn in 2014 and a record low of 7.837 USD bn in 1960. Venezuela VE: GDP: USD: Gross National Expenditure 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. Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

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;