Gross domestic product (GDP) in Venezuela
Venezuela: Gross domestic product (GDP) was 149.68 billion international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
149.68 billion international-$ in 2011 prices
Change on year
up 8.0%
World rank
75th
of 166 countries
All-time high
538.10 billion international-$ in 2011 prices
in 2013
All-time low
695.02 million international-$ in 2011 prices
in 1820
Years of data
155
1820–2022
Gross domestic product (GDP) in Venezuela, 1820–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
In 2022, gross domestic product (gdp) in Venezuela stood at 149.68 billion international-$ in 2011 prices.
That represents a change of up 8.0% on the previous year and down 71.8% over ten years.
Over the whole period, gross domestic product (gdp) in Venezuela peaked at 538.10 billion international-$ in 2011 prices in 2013 and was at its lowest, 695.02 million international-$ in 2011 prices, in 1820.
Venezuela ranks 75th of 166 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.
Gross domestic product (GDP) in Venezuela, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1820 | 695.02 million international-$ in 2011 prices | — |
| 1850 | 2.49 billion international-$ in 2011 prices | +258.9% |
| 1870 | 2.92 billion international-$ in 2011 prices | +17.2% |
| 1871 | 2.90 billion international-$ in 2011 prices | -0.8% |
| 1872 | 2.97 billion international-$ in 2011 prices | +2.5% |
| 1873 | 3.25 billion international-$ in 2011 prices | +9.3% |
| 1874 | 3.64 billion international-$ in 2011 prices | +12.0% |
| 1875 | 3.29 billion international-$ in 2011 prices | -9.6% |
| 1876 | 3.49 billion international-$ in 2011 prices | +6.1% |
| 1877 | 3.59 billion international-$ in 2011 prices | +2.8% |
| 1878 | 3.91 billion international-$ in 2011 prices | +8.9% |
| 1879 | 3.91 billion international-$ in 2011 prices | -0.1% |
| 1880 | 4.20 billion international-$ in 2011 prices | +7.5% |
| 1881 | 4.28 billion international-$ in 2011 prices | +1.7% |
| 1882 | 4.27 billion international-$ in 2011 prices | -0.1% |
| 1883 | 4.54 billion international-$ in 2011 prices | +6.2% |
| 1884 | 4.89 billion international-$ in 2011 prices | +7.7% |
| 1885 | 4.59 billion international-$ in 2011 prices | -6.0% |
| 1886 | 4.91 billion international-$ in 2011 prices | +7.0% |
| 1887 | 5.12 billion international-$ in 2011 prices | +4.2% |
| 1888 | 5.18 billion international-$ in 2011 prices | +1.2% |
| 1889 | 5.45 billion international-$ in 2011 prices | +5.2% |
| 1890 | 5.94 billion international-$ in 2011 prices | +9.1% |
| 1891 | 5.68 billion international-$ in 2011 prices | -4.4% |
| 1892 | 5.19 billion international-$ in 2011 prices | -8.7% |
| 1893 | 5.25 billion international-$ in 2011 prices | +1.3% |
| 1894 | 5.24 billion international-$ in 2011 prices | -0.3% |
| 1895 | 5.75 billion international-$ in 2011 prices | +9.9% |
| 1896 | 5.14 billion international-$ in 2011 prices | -10.7% |
| 1897 | 5.35 billion international-$ in 2011 prices | +4.2% |
| 1898 | 5.28 billion international-$ in 2011 prices | -1.3% |
| 1899 | 4.54 billion international-$ in 2011 prices | -14.1% |
| 1900 | 4.69 billion international-$ in 2011 prices | +3.4% |
| 1901 | 4.56 billion international-$ in 2011 prices | -2.9% |
| 1902 | 4.32 billion international-$ in 2011 prices | -5.2% |
| 1903 | 4.68 billion international-$ in 2011 prices | +8.3% |
| 1904 | 4.81 billion international-$ in 2011 prices | +2.9% |
| 1905 | 4.89 billion international-$ in 2011 prices | +1.7% |
| 1906 | 4.86 billion international-$ in 2011 prices | -0.6% |
| 1907 | 4.74 billion international-$ in 2011 prices | -2.4% |
| 1908 | 4.67 billion international-$ in 2011 prices | -1.5% |
| 1909 | 4.71 billion international-$ in 2011 prices | +0.7% |
| 1910 | 4.70 billion international-$ in 2011 prices | -0.2% |
| 1911 | 4.52 billion international-$ in 2011 prices | -3.7% |
| 1912 | 4.89 billion international-$ in 2011 prices | +8.1% |
| 1913 | 5.03 billion international-$ in 2011 prices | +2.9% |
| 1914 | 5.86 billion international-$ in 2011 prices | +16.4% |
| 1915 | 5.89 billion international-$ in 2011 prices | +0.7% |
| 1916 | 5.52 billion international-$ in 2011 prices | -6.4% |
| 1917 | 5.78 billion international-$ in 2011 prices | +4.7% |
| 1918 | 6.03 billion international-$ in 2011 prices | +4.4% |
| 1919 | 5.83 billion international-$ in 2011 prices | -3.3% |
| 1920 | 5.69 billion international-$ in 2011 prices | -2.4% |
| 1921 | 5.55 billion international-$ in 2011 prices | -2.5% |
| 1922 | 6.05 billion international-$ in 2011 prices | +9.0% |
| 1923 | 6.39 billion international-$ in 2011 prices | +5.6% |
| 1924 | 6.69 billion international-$ in 2011 prices | +4.6% |
| 1925 | 7.13 billion international-$ in 2011 prices | +6.6% |
| 1926 | 7.64 billion international-$ in 2011 prices | +7.1% |
| 1927 | 7.84 billion international-$ in 2011 prices | +2.6% |
| 1928 | 9.23 billion international-$ in 2011 prices | +17.8% |
| 1929 | 9.59 billion international-$ in 2011 prices | +3.9% |
| 1930 | 9.65 billion international-$ in 2011 prices | +0.6% |
| 1931 | 9.69 billion international-$ in 2011 prices | +0.4% |
| 1932 | 8.87 billion international-$ in 2011 prices | -8.4% |
| 1933 | 9.94 billion international-$ in 2011 prices | +12.0% |
| 1934 | 10.42 billion international-$ in 2011 prices | +4.9% |
| 1935 | 12.53 billion international-$ in 2011 prices | +20.2% |
| 1936 | 13.70 billion international-$ in 2011 prices | +9.4% |
| 1937 | 13.85 billion international-$ in 2011 prices | +1.1% |
| 1938 | 15.54 billion international-$ in 2011 prices | +12.2% |
| 1939 | 16.79 billion international-$ in 2011 prices | +8.0% |
| 1940 | 18.05 billion international-$ in 2011 prices | +7.5% |
| 1941 | 17.88 billion international-$ in 2011 prices | -0.9% |
| 1942 | 15.74 billion international-$ in 2011 prices | -12.0% |
| 1943 | 17.78 billion international-$ in 2011 prices | +13.0% |
| 1944 | 19.62 billion international-$ in 2011 prices | +10.3% |
| 1945 | 24.53 billion international-$ in 2011 prices | +25.0% |
| 1946 | 28.93 billion international-$ in 2011 prices | +17.9% |
| 1947 | 29.16 billion international-$ in 2011 prices | +0.8% |
| 1948 | 35.91 billion international-$ in 2011 prices | +23.1% |
| 1949 | 37.91 billion international-$ in 2011 prices | +5.6% |
| 1950 | 42.39 billion international-$ in 2011 prices | +11.8% |
| 1951 | 47.16 billion international-$ in 2011 prices | +11.3% |
| 1952 | 50.64 billion international-$ in 2011 prices | +7.4% |
| 1953 | 53.91 billion international-$ in 2011 prices | +6.5% |
| 1954 | 59.31 billion international-$ in 2011 prices | +10.0% |
| 1955 | 64.80 billion international-$ in 2011 prices | +9.3% |
| 1956 | 71.62 billion international-$ in 2011 prices | +10.5% |
| 1957 | 79.92 billion international-$ in 2011 prices | +11.6% |
| 1958 | 81.10 billion international-$ in 2011 prices | +1.5% |
| 1959 | 87.78 billion international-$ in 2011 prices | +8.2% |
| 1960 | 91.55 billion international-$ in 2011 prices | +4.3% |
| 1961 | 95.99 billion international-$ in 2011 prices | +4.8% |
| 1962 | 104.63 billion international-$ in 2011 prices | +9.0% |
| 1963 | 111.74 billion international-$ in 2011 prices | +6.8% |
| 1964 | 122.69 billion international-$ in 2011 prices | +9.8% |
| 1965 | 130.09 billion international-$ in 2011 prices | +6.0% |
| 1966 | 133.05 billion international-$ in 2011 prices | +2.3% |
| 1967 | 138.36 billion international-$ in 2011 prices | +4.0% |
| 1968 | 145.80 billion international-$ in 2011 prices | +5.4% |
| 1969 | 152.25 billion international-$ in 2011 prices | +4.4% |
| 1970 | 164.48 billion international-$ in 2011 prices | +8.0% |
| 1971 | 169.42 billion international-$ in 2011 prices | +3.0% |
| 1972 | 174.29 billion international-$ in 2011 prices | +2.9% |
| 1973 | 184.82 billion international-$ in 2011 prices | +6.0% |
| 1974 | 195.79 billion international-$ in 2011 prices | +5.9% |
| 1975 | 207.68 billion international-$ in 2011 prices | +6.1% |
| 1976 | 224.67 billion international-$ in 2011 prices | +8.2% |
| 1977 | 238.92 billion international-$ in 2011 prices | +6.3% |
| 1978 | 243.53 billion international-$ in 2011 prices | +1.9% |
| 1979 | 245.97 billion international-$ in 2011 prices | +1.0% |
| 1980 | 240.27 billion international-$ in 2011 prices | -2.3% |
| 1981 | 238.87 billion international-$ in 2011 prices | -0.6% |
| 1982 | 240.92 billion international-$ in 2011 prices | +0.9% |
| 1983 | 227.68 billion international-$ in 2011 prices | -5.5% |
| 1984 | 224.96 billion international-$ in 2011 prices | -1.2% |
| 1985 | 225.56 billion international-$ in 2011 prices | +0.3% |
| 1986 | 239.96 billion international-$ in 2011 prices | +6.4% |
| 1987 | 248.34 billion international-$ in 2011 prices | +3.5% |
| 1988 | 262.96 billion international-$ in 2011 prices | +5.9% |
| 1989 | 240.35 billion international-$ in 2011 prices | -8.6% |
| 1990 | 256.08 billion international-$ in 2011 prices | +6.5% |
| 1991 | 282.13 billion international-$ in 2011 prices | +10.2% |
| 1992 | 301.06 billion international-$ in 2011 prices | +6.7% |
| 1993 | 303.26 billion international-$ in 2011 prices | +0.7% |
| 1994 | 297.73 billion international-$ in 2011 prices | -1.8% |
| 1995 | 310.66 billion international-$ in 2011 prices | +4.3% |
| 1996 | 311.63 billion international-$ in 2011 prices | +0.3% |
| 1997 | 332.91 billion international-$ in 2011 prices | +6.8% |
| 1998 | 335.63 billion international-$ in 2011 prices | +0.8% |
| 1999 | 316.97 billion international-$ in 2011 prices | -5.6% |
| 2000 | 330.24 billion international-$ in 2011 prices | +4.2% |
| 2001 | 343.31 billion international-$ in 2011 prices | +4.0% |
| 2002 | 314.00 billion international-$ in 2011 prices | -8.5% |
| 2003 | 291.33 billion international-$ in 2011 prices | -7.2% |
| 2004 | 346.32 billion international-$ in 2011 prices | +18.9% |
| 2005 | 383.57 billion international-$ in 2011 prices | +10.8% |
| 2006 | 423.88 billion international-$ in 2011 prices | +10.5% |
| 2007 | 462.28 billion international-$ in 2011 prices | +9.1% |
| 2008 | 488.29 billion international-$ in 2011 prices | +5.6% |
| 2009 | 474.36 billion international-$ in 2011 prices | -2.9% |
| 2010 | 477.59 billion international-$ in 2011 prices | +0.7% |
| 2011 | 502.69 billion international-$ in 2011 prices | +5.3% |
| 2012 | 530.97 billion international-$ in 2011 prices | +5.6% |
| 2013 | 538.10 billion international-$ in 2011 prices | +1.3% |
| 2014 | 517.15 billion international-$ in 2011 prices | -3.9% |
| 2015 | 484.98 billion international-$ in 2011 prices | -6.2% |
| 2016 | 402.34 billion international-$ in 2011 prices | -17.0% |
| 2017 | 339.29 billion international-$ in 2011 prices | -15.7% |
| 2018 | 272.60 billion international-$ in 2011 prices | -19.7% |
| 2019 | 197.17 billion international-$ in 2011 prices | -27.7% |
| 2020 | 138.03 billion international-$ in 2011 prices | -30.0% |
| 2021 | 138.66 billion international-$ in 2011 prices | +0.5% |
| 2022 | 149.68 billion international-$ in 2011 prices | +8.0% |
Venezuela compared with similar countries
- Venezuela's 149.68 billion international-$ in 2011 prices is above the median for lower middle income countries, which is 54.95 billion international-$ in 2011 prices, 2.7× the median. (41 countries reporting)
- Venezuela's 149.68 billion international-$ in 2011 prices is above the median for Latin America & Caribbean, which is 82.25 billion international-$ in 2011 prices, 1.8× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) in Venezuela 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 |
|---|---|---|---|
| 1850 | +258.9% | 695.02 million international-$ in 2011 prices | 2.49 billion international-$ in 2011 prices |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1820s | 695.02 million international-$ in 2011 prices | 695.02 million international-$ in 2011 prices | 695.02 million international-$ in 2011 prices | 1 |
| 1850s | 2.49 billion international-$ in 2011 prices | 2.49 billion international-$ in 2011 prices | 2.49 billion international-$ in 2011 prices | 1 |
| 1870s | 3.39 billion international-$ in 2011 prices | 2.90 billion international-$ in 2011 prices | 3.91 billion international-$ in 2011 prices | 10 |
| 1880s | 4.74 billion international-$ in 2011 prices | 4.20 billion international-$ in 2011 prices | 5.45 billion international-$ in 2011 prices | 10 |
| 1890s | 5.34 billion international-$ in 2011 prices | 4.54 billion international-$ in 2011 prices | 5.94 billion international-$ in 2011 prices | 10 |
| 1900s | 4.69 billion international-$ in 2011 prices | 4.32 billion international-$ in 2011 prices | 4.89 billion international-$ in 2011 prices | 10 |
| 1910s | 5.40 billion international-$ in 2011 prices | 4.52 billion international-$ in 2011 prices | 6.03 billion international-$ in 2011 prices | 10 |
| 1920s | 7.18 billion international-$ in 2011 prices | 5.55 billion international-$ in 2011 prices | 9.59 billion international-$ in 2011 prices | 10 |
| 1930s | 12.10 billion international-$ in 2011 prices | 8.87 billion international-$ in 2011 prices | 16.79 billion international-$ in 2011 prices | 10 |
| 1940s | 24.55 billion international-$ in 2011 prices | 15.74 billion international-$ in 2011 prices | 37.91 billion international-$ in 2011 prices | 10 |
| 1950s | 63.86 billion international-$ in 2011 prices | 42.39 billion international-$ in 2011 prices | 87.78 billion international-$ in 2011 prices | 10 |
| 1960s | 122.62 billion international-$ in 2011 prices | 91.55 billion international-$ in 2011 prices | 152.25 billion international-$ in 2011 prices | 10 |
| 1970s | 204.96 billion international-$ in 2011 prices | 164.48 billion international-$ in 2011 prices | 245.97 billion international-$ in 2011 prices | 10 |
| 1980s | 238.99 billion international-$ in 2011 prices | 224.96 billion international-$ in 2011 prices | 262.96 billion international-$ in 2011 prices | 10 |
| 1990s | 304.81 billion international-$ in 2011 prices | 256.08 billion international-$ in 2011 prices | 335.63 billion international-$ in 2011 prices | 10 |
| 2000s | 385.76 billion international-$ in 2011 prices | 291.33 billion international-$ in 2011 prices | 488.29 billion international-$ in 2011 prices | 10 |
| 2010s | 426.29 billion international-$ in 2011 prices | 197.17 billion international-$ in 2011 prices | 538.10 billion international-$ in 2011 prices | 10 |
| 2020s | 142.12 billion international-$ in 2011 prices | 138.03 billion international-$ in 2011 prices | 149.68 billion international-$ in 2011 prices | 3 |
Countries ranked near Venezuela
- 72 Ecuador 175.03 billion international-$ in 2011 prices compare
- 73 Angola 158.35 billion international-$ in 2011 prices compare
- 74 Slovakia 150.36 billion international-$ in 2011 prices compare
- 76 Guatemala 146.22 billion international-$ in 2011 prices compare
- 77 Ghana 145.43 billion international-$ in 2011 prices compare
- 78 Bulgaria 138.39 billion international-$ in 2011 prices 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)
- 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is gross domestic product (gdp) in Venezuela?
- Gross domestic product (gdp) in Venezuela was 149.68 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Venezuela?
- The highest recorded value was 538.10 billion international-$ in 2011 prices in 2013.
- What is the lowest gross domestic product (gdp) recorded in Venezuela?
- The lowest recorded value was 695.02 million international-$ in 2011 prices in 1820.
- How does Venezuela rank for gross domestic product (gdp)?
- Venezuela ranks 75th out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Venezuela?
- Over the last ten years it is down 71.8%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.