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 Gross Domestic Product (GDP) in Venezuela expanded 8.54 percent in the fourth quarter of 2024 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.

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: Gross Value Added: Industry data was reported at 37.245 % in 2014. This records a decrease from the previous number of 44.726 % for 2013. Venezuela VE: GDP: % of GDP: Gross Value Added: Industry data is updated yearly, averaging 45.160 % from Dec 1968 (Median) to 2014, with 47 observations. The data reached an all-time high of 59.676 % in 1990 and a record low of 36.405 % in 1983. Venezuela VE: GDP: % of GDP: Gross Value Added: Industry 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. Industry corresponds to ISIC divisions 10-45 and includes manufacturing (ISIC divisions 15-37). It comprises value added in mining, manufacturing (also reported as a separate subgroup), construction, electricity, water, and gas. 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 or 4.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average; Note: Data for OECD countries are based on ISIC, revision 4.

Historical dataset showing Venezuela GDP by year from 1960 to 2014.

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;

Historical dataset showing Venezuela GDP per capita by year from 1960 to 2014.

This dataset is about countries per year in Venezuela. It has 64 rows. It features 4 columns: country, GDP, and urban population.

Venezuela recorded a Government Debt to GDP of 164.30 percent of the country's Gross Domestic Product in 2024. This dataset provides - Venezuela Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

This dataset is about countries per year in Venezuela. It has 64 rows. It features 4 columns: country, GDP, and carbon dioxide emissions (CO2).

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 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.

Historical dataset showing Venezuela debt to gdp ratio by year from N/A to N/A.

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. 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. 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.; ;

Comprehensive socio-economic dataset for Venezuela including population demographics, economic indicators, geographic data, and social statistics. This dataset covers key metrics such as GDP, population density, area, capital city, and regional classifications.

Venezuela GDP Composition by Sector, 2016 Discover more data with ReportLinker!

Venezuela VE: Real GDP: Index data was reported at 3,818.740 2000=100 mn in 2015. This records an increase from the previous number of 3,805.430 2000=100 mn for 2014. Venezuela VE: Real GDP: Index data is updated yearly, averaging 151.945 2000=100 mn from Dec 1990 (Median) to 2015, with 26 observations. The data reached an all-time high of 3,818.740 2000=100 mn in 2015 and a record low of 2.860 2000=100 mn in 1990. Venezuela VE: Real GDP: Index data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Venezuela – Table VE.OECD.GGI: Governance: Economic Environment and Growth: Non OECD Member: Annual.

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;

Historical dataset showing Venezuela trade to gdp ratio by year from 1960 to 2014.