GDP growth in Venezuela
Venezuela: GDP growth was 1.6% in 2025. ◆ Volatile
GDP growth in Venezuela, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Venezuela recorded 1.6% for gdp growth in 2025.
That represents a change of down 71.6% on the previous year and up 125.4% over ten years.
Over the whole period, gdp growth in Venezuela peaked at 18.2% in 2004 and was at its lowest, -29.8%, in 2020.
That places Venezuela 159th out of 213 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Venezuela, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 3.2% | — |
| 1962 | 8.5% | +167.3% |
| 1963 | 3.9% | -54.3% |
| 1964 | 11.1% | +185.3% |
| 1965 | 4.2% | -62.6% |
| 1966 | 1.5% | -63.7% |
| 1967 | 2.8% | +87.6% |
| 1968 | 7.3% | +158.9% |
| 1969 | 0.7% | -90.4% |
| 1970 | 7.7% | +992.3% |
| 1971 | 1.5% | -80.8% |
| 1972 | 1.3% | -13.3% |
| 1973 | 7.1% | +454.2% |
| 1974 | 2.1% | -70.9% |
| 1975 | 2.9% | +40.0% |
| 1976 | 7.7% | +166.8% |
| 1977 | 6.3% | -18.9% |
| 1978 | 2.3% | -62.6% |
| 1979 | 0.8% | -67.4% |
| 1980 | -4.4% | -678.4% |
| 1981 | -1.3% | -71.5% |
| 1982 | 2.6% | -302.6% |
| 1983 | -9.7% | -477.8% |
| 1984 | 5.2% | -153.6% |
| 1985 | 0.7% | -87.3% |
| 1986 | 6.2% | +843.8% |
| 1987 | 4.9% | -20.7% |
| 1988 | 6.4% | +31.1% |
| 1989 | -14.0% | -317.8% |
| 1990 | 6.7% | -147.9% |
| 1991 | 9.6% | +42.8% |
| 1992 | 6.0% | -37.3% |
| 1993 | 0.3% | -95.7% |
| 1994 | -2.3% | -997.7% |
| 1995 | 3.9% | -270.6% |
| 1996 | -0.3% | -106.4% |
| 1997 | 6.3% | -2606.3% |
| 1998 | 0.5% | -92.5% |
| 1999 | -5.9% | -1344.1% |
| 2000 | 3.5% | -159.5% |
| 2001 | 3.4% | -3.4% |
| 2002 | -8.7% | -355.6% |
| 2003 | -7.8% | -11.2% |
| 2004 | 18.2% | -334.9% |
| 2005 | 10.2% | -44.0% |
| 2006 | 9.9% | -2.9% |
| 2007 | 8.8% | -11.0% |
| 2008 | 5.2% | -40.8% |
| 2009 | -3.1% | -159.0% |
| 2010 | -1.6% | -48.4% |
| 2011 | 4.1% | -359.7% |
| 2012 | 5.7% | +37.8% |
| 2013 | 1.3% | -77.1% |
| 2014 | -3.9% | -396.1% |
| 2015 | -6.2% | +60.4% |
| 2016 | -17.1% | +176.6% |
| 2017 | -15.7% | -8.3% |
| 2018 | -19.6% | +25.1% |
| 2019 | -27.6% | +40.6% |
| 2020 | -29.8% | +8.0% |
| 2021 | 0.6% | -102.1% |
| 2022 | 8.1% | +1191.9% |
| 2023 | 4.0% | -50.2% |
| 2024 | 5.5% | +37.3% |
| 2025 | 1.6% | -71.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.8% | 0.7% | 11.1% | 9 |
| 1970s | 4.0% | 0.8% | 7.7% | 10 |
| 1980s | -0.3% | -14.0% | 6.4% | 10 |
| 1990s | 2.5% | -5.9% | 9.6% | 10 |
| 2000s | 4.0% | -8.7% | 18.2% | 10 |
| 2010s | -8.1% | -27.6% | 5.7% | 10 |
| 2020s | -1.7% | -29.8% | 8.1% | 6 |
Countries ranked near Venezuela
- 156 American Samoa 1.7% compare
- 157 Namibia 1.7% compare
- 158 Tuvalu 1.6% compare
- 160 Sweden 1.5% compare
- 161 Azerbaijan 1.4% compare
- 162 United Kingdom 1.4% 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)
- GDP (current US$), annual growth rate -17.34 % change on previous year (2025)
- GDP (current US$), per capita 3,495 current US$ per person (2025)
- GDP (current LCU), annual growth rate 232.23 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 165.46 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 578,247 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.57 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.4346 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 1,519 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gdp growth in Venezuela?
- Gdp growth in Venezuela was 1.6% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Venezuela?
- The highest recorded value was 18.2% in 2004.
- What is the lowest gdp growth recorded in Venezuela?
- The lowest recorded value was -29.8% in 2020.
- How does Venezuela rank for gdp growth?
- Venezuela ranks 159th out of 213 countries with data for 2025.
- Is gdp growth rising or falling in Venezuela?
- Over the last ten years it is up 125.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.