Adjusted savings: natural resources depletion in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Adjusted savings: natural resources depletion was 1.0% in 2014. ◆ Volatile
Adjusted savings: natural resources depletion in Venezuela, Bolivarian Republic of, 1970–2014
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Venezuela, Bolivarian Republic of recorded 1.0% for adjusted savings: natural resources depletion in 2014. That is the lowest value across all 45 years on record.
Compared with earlier readings it is down 37.2% on the previous year and down 87.7% over ten years.
Over the whole period, adjusted savings: natural resources depletion in Venezuela, Bolivarian Republic of peaked at 27.8% in 1974 and was at its lowest, 1.0%, in 2014.
Venezuela, Bolivarian Republic of ranks 97th of 184 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: natural resources depletion in Venezuela, Bolivarian Republic of, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 4.5% | — |
| 1971 | 6.3% | +39.7% |
| 1972 | 5.9% | -6.5% |
| 1973 | 9.1% | +53.6% |
| 1974 | 27.8% | +206.2% |
| 1975 | 18.1% | -34.9% |
| 1976 | 16.2% | -10.3% |
| 1977 | 11.2% | -31.0% |
| 1978 | 10.6% | -5.0% |
| 1979 | 24.9% | +134.1% |
| 1980 | 22.0% | -11.8% |
| 1981 | 15.5% | -29.7% |
| 1982 | 7.1% | -53.7% |
| 1983 | 9.0% | +25.4% |
| 1984 | 9.6% | +6.6% |
| 1985 | 4.7% | -50.7% |
| 1986 | 2.3% | -50.8% |
| 1987 | 4.6% | +99.4% |
| 1988 | 3.0% | -35.4% |
| 1989 | 6.4% | +114.4% |
| 1990 | 9.3% | +45.5% |
| 1991 | 5.5% | -40.7% |
| 1992 | 5.3% | -3.8% |
| 1993 | 5.4% | +2.4% |
| 1994 | 5.8% | +6.2% |
| 1995 | 5.6% | -2.3% |
| 1996 | 9.2% | +62.7% |
| 1997 | 7.1% | -22.4% |
| 1998 | 3.4% | -52.5% |
| 1999 | 4.7% | +37.6% |
| 2000 | 7.4% | +58.3% |
| 2001 | 5.7% | -23.0% |
| 2002 | 6.7% | +18.6% |
| 2003 | 7.1% | +6.1% |
| 2004 | 8.3% | +16.8% |
| 2005 | 10.2% | +22.8% |
| 2006 | 9.0% | -11.6% |
| 2007 | 6.3% | -30.1% |
| 2008 | 4.1% | -35.3% |
| 2009 | 1.4% | -65.7% |
| 2010 | 1.2% | -15.8% |
| 2011 | 2.4% | +100.0% |
| 2012 | 1.7% | -26.0% |
| 2013 | 1.6% | -6.5% |
| 2014 | 1.0% | -37.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.5% | 4.5% | 27.8% | 10 |
| 1980s | 8.4% | 2.3% | 22.0% | 10 |
| 1990s | 6.1% | 3.4% | 9.3% | 10 |
| 2000s | 6.6% | 1.4% | 10.2% | 10 |
| 2010s | 1.6% | 1.0% | 2.4% | 5 |
Countries ranked near Venezuela, Bolivarian Republic of
More economy & growth data for Venezuela, Bolivarian Republic of
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0216 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 91.64 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.45 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0135 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 57.47 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is adjusted savings: natural resources depletion in Venezuela, Bolivarian Republic of?
- Adjusted savings: natural resources depletion in Venezuela, Bolivarian Republic of was 1.0% in 2014, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: natural resources depletion recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 27.8% in 1974.
- What is the lowest adjusted savings: natural resources depletion recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 1.0% in 2014.
- How does Venezuela, Bolivarian Republic of rank for adjusted savings: natural resources depletion?
- Venezuela, Bolivarian Republic of ranks 97th out of 184 countries with data for 2014.
- Is adjusted savings: natural resources depletion rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 87.7%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: natural resources depletion (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Natural resource depletion is the sum of net forest depletion, energy depletion, and mineral depletion. Net forest depletion is unit resource rents times the excess of roundwood harvest over natural growth. Energy depletion is the ratio of the value of the stock of energy resources to the remaining reserve lifetime (capped at 25 years). It covers coal, crude oil, and natural gas. Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.