Africa's Development: Sectoral breakdown of the economy … wholesale in Venezuela
Venezuela: Africa's Development: Sectoral breakdown of the economy … wholesale was 23.75 Percentage of GDP in 2022. ▲ Rising
Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of in Venezuela, 2000–2022
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Venezuela recorded 23.75 Percentage of GDP for africa's development dynamics (afdd) table 08 - sectoral breakdown of in 2022.
That represents a change of down 1.5% on the previous year and up 38.3% over ten years.
Over the whole period, africa's development dynamics (afdd) table 08 - sectoral breakdown of in Venezuela peaked at 25.95 Percentage of GDP in 2017 and was at its lowest, 9.44 Percentage of GDP, in 2002.
That places Venezuela 14th out of 169 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 23 years of available data.
Africa's Development: Sectoral breakdown of the economy … wholesale in Venezuela, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2000 | 9.52 Percentage of GDP | — |
| 2001 | 10.12 Percentage of GDP | +6.3% |
| 2002 | 9.44 Percentage of GDP | -6.7% |
| 2003 | 10.06 Percentage of GDP | +6.5% |
| 2004 | 10.54 Percentage of GDP | +4.7% |
| 2005 | 11.13 Percentage of GDP | +5.6% |
| 2006 | 11.21 Percentage of GDP | +0.8% |
| 2007 | 13.3 Percentage of GDP | +18.6% |
| 2008 | 14.37 Percentage of GDP | +8.0% |
| 2009 | 17.87 Percentage of GDP | +24.4% |
| 2010 | 15.52 Percentage of GDP | -13.2% |
| 2011 | 15.34 Percentage of GDP | -1.2% |
| 2012 | 17.18 Percentage of GDP | +12.0% |
| 2013 | 18.13 Percentage of GDP | +5.5% |
| 2014 | 20.89 Percentage of GDP | +15.3% |
| 2015 | 20.13 Percentage of GDP | -3.6% |
| 2016 | 25.9 Percentage of GDP | +28.7% |
| 2017 | 25.95 Percentage of GDP | +0.2% |
| 2018 | 23.37 Percentage of GDP | -9.9% |
| 2019 | 21.98 Percentage of GDP | -6.0% |
| 2020 | 23.42 Percentage of GDP | +6.5% |
| 2021 | 24.11 Percentage of GDP | +2.9% |
| 2022 | 23.75 Percentage of GDP | -1.5% |
Venezuela compared with similar countries
- Venezuela's 23.75 Percentage of GDP is above the median for lower middle income countries, which is 16.38 Percentage of GDP, 1.4× the median. (41 countries reporting)
- Venezuela's 23.75 Percentage of GDP is above the median for Latin America & Caribbean, which is 17.84 Percentage of GDP, 1.3× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.76 Percentage of GDP | 9.44 Percentage of GDP | 17.87 Percentage of GDP | 10 |
| 2010s | 20.44 Percentage of GDP | 15.34 Percentage of GDP | 25.95 Percentage of GDP | 10 |
| 2020s | 23.76 Percentage of GDP | 23.42 Percentage of GDP | 24.11 Percentage of GDP | 3 |
Countries ranked near Venezuela
- 11 Guatemala 25.04 Percentage of GDP compare
- 12 Ethiopia 15.61 Percentage of GDP compare
- 12 Jamaica 24.29 Percentage of GDP compare
- 13 Latvia 15.41 Percentage of GDP compare
- 13 Barbados 24.07 Percentage of GDP compare
- 15 Andorra 23.47 Percentage of GDP compare
- 16 Belize 23.45 Percentage of GDP compare
- 17 Seychelles 23.38 Percentage of GDP compare
More economy & growth data for Venezuela
- 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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0477 units per US$ of GDP (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 08 - sectoral breakdown of in Venezuela?
- Africa's development dynamics (afdd) table 08 - sectoral breakdown of in Venezuela was 23.75 Percentage of GDP in 2022, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Venezuela?
- The highest recorded value was 25.95 Percentage of GDP in 2017.
- What is the lowest africa's development dynamics (afdd) table 08 - sectoral breakdown of recorded in Venezuela?
- The lowest recorded value was 9.44 Percentage of GDP in 2002.
- How does Venezuela rank for africa's development dynamics (afdd) table 08 - sectoral breakdown of?
- Venezuela ranks 14th out of 169 countries with data for 2022.
- Is africa's development dynamics (afdd) table 08 - sectoral breakdown of rising or falling in Venezuela?
- Over the last ten years it is up 38.3%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of the economy — Value added in wholesale, retail trade, restaurants and hotels. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 8 shows the breakdown of national economies by sectors of activity, looking at share of employment, contributions to GDP, along with the impact of natural resource extraction on the economy.