Gross domestic product (GDP) in Venezuela
Venezuela: Gross domestic product (GDP) was 435.13 billion international-$ in 2021 prices in 2014. ◆ Volatile
Latest (2014)
435.13 billion international-$ in 2021 prices
Change on year
down 34.1%
World rank
51st
of 184 countries
All-time high
690.77 billion international-$ in 2021 prices
in 2012
All-time low
35.70 billion international-$ in 2021 prices
in 1950
Years of data
65
1950–2014
Gross domestic product (GDP) in Venezuela, 1950–2014
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2014, gross domestic product (gdp) in Venezuela stood at 435.13 billion international-$ in 2021 prices.
That represents a change of down 34.1% on the previous year and up 57.2% over ten years.
Over the whole period, gross domestic product (gdp) in Venezuela peaked at 690.77 billion international-$ in 2021 prices in 2012 and was at its lowest, 35.70 billion international-$ in 2021 prices, in 1950.
That places Venezuela 51st out of 184 countries with data for 2014, putting it 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 2021 prices | Change |
|---|---|---|
| 1950 | 35.70 billion international-$ in 2021 prices | — |
| 1951 | 39.43 billion international-$ in 2021 prices | +10.5% |
| 1952 | 45.05 billion international-$ in 2021 prices | +14.2% |
| 1953 | 46.48 billion international-$ in 2021 prices | +3.2% |
| 1954 | 51.34 billion international-$ in 2021 prices | +10.5% |
| 1955 | 54.78 billion international-$ in 2021 prices | +6.7% |
| 1956 | 59.11 billion international-$ in 2021 prices | +7.9% |
| 1957 | 64.99 billion international-$ in 2021 prices | +9.9% |
| 1958 | 68.69 billion international-$ in 2021 prices | +5.7% |
| 1959 | 72.01 billion international-$ in 2021 prices | +4.8% |
| 1960 | 68.17 billion international-$ in 2021 prices | -5.3% |
| 1961 | 70.39 billion international-$ in 2021 prices | +3.3% |
| 1962 | 75.63 billion international-$ in 2021 prices | +7.4% |
| 1963 | 81.27 billion international-$ in 2021 prices | +7.5% |
| 1964 | 90.36 billion international-$ in 2021 prices | +11.2% |
| 1965 | 93.72 billion international-$ in 2021 prices | +3.7% |
| 1966 | 94.37 billion international-$ in 2021 prices | +0.7% |
| 1967 | 97.70 billion international-$ in 2021 prices | +3.5% |
| 1968 | 108.61 billion international-$ in 2021 prices | +11.2% |
| 1969 | 115.01 billion international-$ in 2021 prices | +5.9% |
| 1970 | 129.81 billion international-$ in 2021 prices | +12.9% |
| 1971 | 126.57 billion international-$ in 2021 prices | -2.5% |
| 1972 | 130.96 billion international-$ in 2021 prices | +3.5% |
| 1973 | 146.38 billion international-$ in 2021 prices | +11.8% |
| 1974 | 176.52 billion international-$ in 2021 prices | +20.6% |
| 1975 | 175.61 billion international-$ in 2021 prices | -0.5% |
| 1976 | 184.76 billion international-$ in 2021 prices | +5.2% |
| 1977 | 191.53 billion international-$ in 2021 prices | +3.7% |
| 1978 | 190.45 billion international-$ in 2021 prices | -0.6% |
| 1979 | 201.30 billion international-$ in 2021 prices | +5.7% |
| 1980 | 200.19 billion international-$ in 2021 prices | -0.5% |
| 1981 | 199.84 billion international-$ in 2021 prices | -0.2% |
| 1982 | 189.62 billion international-$ in 2021 prices | -5.1% |
| 1983 | 191.75 billion international-$ in 2021 prices | +1.1% |
| 1984 | 195.24 billion international-$ in 2021 prices | +1.8% |
| 1985 | 184.65 billion international-$ in 2021 prices | -5.4% |
| 1986 | 174.04 billion international-$ in 2021 prices | -5.7% |
| 1987 | 177.10 billion international-$ in 2021 prices | +1.8% |
| 1988 | 183.27 billion international-$ in 2021 prices | +3.5% |
| 1989 | 174.03 billion international-$ in 2021 prices | -5.0% |
| 1990 | 186.65 billion international-$ in 2021 prices | +7.3% |
| 1991 | 200.76 billion international-$ in 2021 prices | +7.6% |
| 1992 | 208.89 billion international-$ in 2021 prices | +4.0% |
| 1993 | 200.78 billion international-$ in 2021 prices | -3.9% |
| 1994 | 191.73 billion international-$ in 2021 prices | -4.5% |
| 1995 | 203.04 billion international-$ in 2021 prices | +5.9% |
| 1996 | 201.80 billion international-$ in 2021 prices | -0.6% |
| 1997 | 206.56 billion international-$ in 2021 prices | +2.4% |
| 1998 | 190.94 billion international-$ in 2021 prices | -7.6% |
| 1999 | 195.62 billion international-$ in 2021 prices | +2.4% |
| 2000 | 236.06 billion international-$ in 2021 prices | +20.7% |
| 2001 | 230.77 billion international-$ in 2021 prices | -2.2% |
| 2002 | 219.38 billion international-$ in 2021 prices | -4.9% |
| 2003 | 215.49 billion international-$ in 2021 prices | -1.8% |
| 2004 | 276.80 billion international-$ in 2021 prices | +28.5% |
| 2005 | 352.34 billion international-$ in 2021 prices | +27.3% |
| 2006 | 418.64 billion international-$ in 2021 prices | +18.8% |
| 2007 | 480.15 billion international-$ in 2021 prices | +14.7% |
| 2008 | 568.70 billion international-$ in 2021 prices | +18.4% |
| 2009 | 495.16 billion international-$ in 2021 prices | -12.9% |
| 2010 | 604.03 billion international-$ in 2021 prices | +22.0% |
| 2011 | 667.19 billion international-$ in 2021 prices | +10.5% |
| 2012 | 690.77 billion international-$ in 2021 prices | +3.5% |
| 2013 | 659.88 billion international-$ in 2021 prices | -4.5% |
| 2014 | 435.13 billion international-$ in 2021 prices | -34.1% |
Venezuela compared with similar countries
- Venezuela's 435.13 billion international-$ in 2021 prices is above the median for lower middle income countries, which is 72.56 billion international-$ in 2021 prices, 6.0× the median. (42 countries reporting)
- Venezuela's 435.13 billion international-$ in 2021 prices is above the median for Latin America & Caribbean, which is 42.33 billion international-$ in 2021 prices, 10.3× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 53.76 billion international-$ in 2021 prices | 35.70 billion international-$ in 2021 prices | 72.01 billion international-$ in 2021 prices | 10 |
| 1960s | 89.52 billion international-$ in 2021 prices | 68.17 billion international-$ in 2021 prices | 115.01 billion international-$ in 2021 prices | 10 |
| 1970s | 165.39 billion international-$ in 2021 prices | 126.57 billion international-$ in 2021 prices | 201.30 billion international-$ in 2021 prices | 10 |
| 1980s | 186.97 billion international-$ in 2021 prices | 174.03 billion international-$ in 2021 prices | 200.19 billion international-$ in 2021 prices | 10 |
| 1990s | 198.68 billion international-$ in 2021 prices | 186.65 billion international-$ in 2021 prices | 208.89 billion international-$ in 2021 prices | 10 |
| 2000s | 349.35 billion international-$ in 2021 prices | 215.49 billion international-$ in 2021 prices | 568.70 billion international-$ in 2021 prices | 10 |
| 2010s | 611.40 billion international-$ in 2021 prices | 435.13 billion international-$ in 2021 prices | 690.77 billion international-$ in 2021 prices | 5 |
Countries ranked near Venezuela
- 48 Peru 485.29 billion international-$ in 2021 prices compare
- 49 Czechia 483.87 billion international-$ in 2021 prices compare
- 50 Hong Kong 436.91 billion international-$ in 2021 prices compare
- 52 Israel 408.45 billion international-$ in 2021 prices compare
- 53 Ethiopia 406.07 billion international-$ in 2021 prices compare
- 54 Myanmar 396.32 billion international-$ in 2021 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is gross domestic product (gdp) in Venezuela?
- Gross domestic product (gdp) in Venezuela was 435.13 billion international-$ in 2021 prices in 2014, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Venezuela?
- The highest recorded value was 690.77 billion international-$ in 2021 prices in 2012.
- What is the lowest gross domestic product (gdp) recorded in Venezuela?
- The lowest recorded value was 35.70 billion international-$ in 2021 prices in 1950.
- How does Venezuela rank for gross domestic product (gdp)?
- Venezuela ranks 51st out of 184 countries with data for 2014.
- Is gross domestic product (gdp) rising or falling in Venezuela?
- Over the last ten years it is up 57.2%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – 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.