Nigeria vs Venezuela (Bolivarian Republic of): Gross Domestic Product — Value US$
Gross Domestic Product — Value US$ over time
- Nigeria
- Venezuela (Bolivarian Republic of)
How they compare
Nigeria currently reports 187,627 million USD against 177,478 million USD in Venezuela (Bolivarian Republic of), a difference of 10,149 million USD.
That makes Nigeria's figure about 1.1 times Venezuela (Bolivarian Republic of)'s.
The two have swapped places 4 times across 55 shared years of data; in 1970 it was Nigeria ahead.
Nigeria ranks 66th and Venezuela (Bolivarian Republic of) ranks 67th of 236 countries.
Across the 6 decades both report, Nigeria averaged higher in 5 and Venezuela (Bolivarian Republic of) in 1.
Head to head by decade
| Decade | Nigeria | Venezuela (Bolivarian Republic of) | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 92,995 million USD | 31,002 million USD | 61,993 million USD | Nigeria |
| 1980s | 163,611 million USD | 62,785 million USD | 100,827 million USD | Nigeria |
| 1990s | 55,770 million USD | 69,079 million USD | 13,309 million USD | Venezuela (Bolivarian Republic of) |
| 2000s | 179,693 million USD | 173,330 million USD | 6,362 million USD | Nigeria |
| 2010s | 453,298 million USD | 305,691 million USD | 147,608 million USD | Nigeria |
| 2020s | 381,299 million USD | 132,788 million USD | 248,510 million USD | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic product — value us$, Nigeria or Venezuela (Bolivarian Republic of)?
- Nigeria, at 187,627 million USD against 177,478 million USD in Venezuela (Bolivarian Republic of) as of 2024.
- What is the difference in gross domestic product — value us$ between Nigeria and Venezuela (Bolivarian Republic of)?
- 10,149 million USD, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Venezuela (Bolivarian Republic of)?
- 55 years are reported by both, from 1970 to 2024.
- How do Nigeria and Venezuela (Bolivarian Republic of) rank globally for gross domestic product — value us$?
- Nigeria ranks 66th and Venezuela (Bolivarian Republic of) ranks 67th of 236 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Gross Domestic Product — Value US$. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).