GDP Deflator — Value Standard Local Currency, 2015 prices in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): GDP Deflator — Value Standard Local Currency, 2015 prices was 7.98 trillion SLC in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices in Venezuela (Bolivarian Republic of), 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
Venezuela (Bolivarian Republic of) recorded 7.98 trillion SLC for gdp deflator — value standard local currency, 2015 prices in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 71.2% on the previous year and up 22,570,500,000,000.0% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in Venezuela (Bolivarian Republic of) peaked at 7.98 trillion SLC in 2024 and was at its lowest, 0.002 SLC, in 1970.
That places Venezuela (Bolivarian Republic of) 1st out of 209 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices in Venezuela (Bolivarian Republic of), year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 0.002 SLC | — |
| 1971 | 0.0022 SLC | +6.6% |
| 1972 | 0.0023 SLC | +4.1% |
| 1973 | 0.0025 SLC | +12.4% |
| 1974 | 0.0036 SLC | +43.6% |
| 1975 | 0.0036 SLC | -0.7% |
| 1976 | 0.0038 SLC | +5.3% |
| 1977 | 0.0041 SLC | +7.9% |
| 1978 | 0.0044 SLC | +6.5% |
| 1979 | 0.0053 SLC | +21.1% |
| 1980 | 0.0066 SLC | +24.7% |
| 1981 | 0.0075 SLC | +12.8% |
| 1982 | 0.0076 SLC | +1.4% |
| 1983 | 0.008 SLC | +5.6% |
| 1984 | 0.0097 SLC | +21.3% |
| 1985 | 0.0107 SLC | +10.4% |
| 1986 | 0.0106 SLC | -1.3% |
| 1987 | 0.0145 SLC | +37.6% |
| 1988 | 0.0172 SLC | +18.5% |
| 1989 | 0.032 SLC | +86.1% |
| 1990 | 0.0462 SLC | +44.1% |
| 1991 | 0.056 SLC | +21.4% |
| 1992 | 0.0719 SLC | +28.3% |
| 1993 | 0.0946 SLC | +31.7% |
| 1994 | 0.1541 SLC | +62.9% |
| 1995 | 0.2339 SLC | +51.8% |
| 1996 | 0.5042 SLC | +115.5% |
| 1997 | 0.6979 SLC | +38.4% |
| 1998 | 0.8297 SLC | +18.9% |
| 1999 | 1.05 SLC | +26.2% |
| 2000 | 1.36 SLC | +29.5% |
| 2001 | 1.46 SLC | +8.0% |
| 2002 | 1.95 SLC | +33.0% |
| 2003 | 2.63 SLC | +34.9% |
| 2004 | 3.52 SLC | +34.0% |
| 2005 | 4.56 SLC | +29.6% |
| 2006 | 5.38 SLC | +17.9% |
| 2007 | 6.21 SLC | +15.4% |
| 2008 | 8.08 SLC | +30.1% |
| 2009 | 8.71 SLC | +7.8% |
| 2010 | 12.72 SLC | +45.9% |
| 2011 | 16.3 SLC | +28.2% |
| 2012 | 18.59 SLC | +14.1% |
| 2013 | 25.18 SLC | +35.5% |
| 2014 | 35.37 SLC | +40.4% |
| 2015 | 100 SLC | +182.7% |
| 2016 | 421.31 SLC | +321.3% |
| 2017 | 3,573 SLC | +748.1% |
| 2018 | 6.03 million SLC | +168694.2% |
| 2019 | 1.28 billion SLC | +21140.8% |
| 2020 | 26.06 billion SLC | +1934.7% |
| 2021 | 339.72 billion SLC | +1203.4% |
| 2022 | 1.07 trillion SLC | +215.9% |
| 2023 | 4.66 trillion SLC | +334.3% |
| 2024 | 7.98 trillion SLC | +71.2% |
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices 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 |
|---|---|---|---|
| 2018 | +168694.2% | 3,573 SLC | 6.03 million SLC |
| 2019 | +21140.8% | 6.03 million SLC | 1.28 billion SLC |
| 2020 | +1934.7% | 1.28 billion SLC | 26.06 billion SLC |
| 2021 | +1203.4% | 26.06 billion SLC | 339.72 billion SLC |
| 2017 | +748.1% | 421.31 SLC | 3,573 SLC |
| 2023 | +334.3% | 1.07 trillion SLC | 4.66 trillion SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0034 SLC | 0.002 SLC | 0.0053 SLC | 10 |
| 1980s | 0.0124 SLC | 0.0066 SLC | 0.032 SLC | 10 |
| 1990s | 0.3736 SLC | 0.0462 SLC | 1.05 SLC | 10 |
| 2000s | 4.39 SLC | 1.36 SLC | 8.71 SLC | 10 |
| 2010s | 128.70 million SLC | 12.72 SLC | 1.28 billion SLC | 10 |
| 2020s | 2.82 trillion SLC | 26.06 billion SLC | 7.98 trillion SLC | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Domestic Product — Value US$, annual growth rate 27.32 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency 1.97 million million SLC (2024)
- Gross Fixed Capital Formation — Value US$, 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 Fixed Capital Formation — Value US$, annual growth rate -17.94 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 5.01 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate -4.86 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices -3.85 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 27.34 % change on previous year (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 71.24 % change on previous year (2024)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in Venezuela (Bolivarian Republic of)?
- Gdp deflator — value standard local currency, 2015 prices in Venezuela (Bolivarian Republic of) was 7.98 trillion SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 7.98 trillion SLC in 2024.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 0.002 SLC in 1970.
- How does Venezuela (Bolivarian Republic of) rank for gdp deflator — value standard local currency, 2015 prices?
- Venezuela (Bolivarian Republic of) ranks 1st out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is up 22,570,500,000,000.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).