Annual growth rate of real GDP per capita (%) in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Annual growth rate of real GDP per capita (%) was 4.9% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita in Venezuela (Bolivarian Republic of), 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Venezuela (Bolivarian Republic of) recorded 4.9% for annual growth rate of real gdp per capita in 2024.
That represents a change of up 32.4% on the previous year and up 198.0% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Venezuela (Bolivarian Republic of) peaked at 16.3% in 2004 and was at its lowest, -28.8%, in 2020.
Venezuela (Bolivarian Republic of) ranks 23rd of 228 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth rate of real GDP per capita (%) in Venezuela (Bolivarian Republic of), year by year
| Year | % | Change |
|---|---|---|
| 2000 | 1.7% | — |
| 2001 | 1.5% | -11.8% |
| 2002 | -10.5% | -800.0% |
| 2003 | -9.4% | -10.5% |
| 2004 | 16.3% | -273.4% |
| 2005 | 8.5% | -47.9% |
| 2006 | 8.1% | -4.7% |
| 2007 | 7.1% | -12.3% |
| 2008 | 3.8% | -46.5% |
| 2009 | -4.5% | -218.4% |
| 2010 | -2.8% | -37.8% |
| 2011 | 2.8% | -200.0% |
| 2012 | 4.3% | +53.6% |
| 2013 | 0.1% | -97.7% |
| 2014 | -5.0% | -5100.0% |
| 2015 | -7.2% | +44.0% |
| 2016 | -17.6% | +144.4% |
| 2017 | -15.1% | -14.2% |
| 2018 | -17.6% | +16.6% |
| 2019 | -25.5% | +44.9% |
| 2020 | -28.8% | +12.9% |
| 2021 | 1.7% | -105.9% |
| 2022 | 8.1% | +376.5% |
| 2023 | 3.7% | -54.3% |
| 2024 | 4.9% | +32.4% |
Biggest year-on-year movements
Years where Annual growth rate of real GDP per capita (%) in Venezuela (Bolivarian Republic of) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | -5100.0% | 0.1% | -5.0% |
| 2002 | -800.0% | 1.5% | -10.5% |
| 2022 | +376.5% | 1.7% | 8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.3% | -10.5% | 16.3% | 10 |
| 2010s | -8.4% | -25.5% | 4.3% | 10 |
| 2020s | -2.1% | -28.8% | 8.1% | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Domestic Product — Value Standard Local Currency 1.97 million million SLC (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 71.24 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate 33.82 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 62.95 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 27.34 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 62.93 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 27.32 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth -35.55 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 -50 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate -4.86 % change on previous year (2024)
Frequently asked questions
- What is annual growth rate of real gdp per capita in Venezuela (Bolivarian Republic of)?
- Annual growth rate of real gdp per capita in Venezuela (Bolivarian Republic of) was 4.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 16.3% in 2004.
- What is the lowest annual growth rate of real gdp per capita recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was -28.8% in 2020.
- How does Venezuela (Bolivarian Republic of) rank for annual growth rate of real gdp per capita?
- Venezuela (Bolivarian Republic of) ranks 23rd out of 228 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is up 198.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).