GDP, PPP in Venezuela
Venezuela: GDP, PPP was 621.14 billion current international $ in 2011. ▲ Rising
GDP, PPP in Venezuela, 1990–2011
Source: International Comparison Program (ICP), World Bank (WB). Measured in current international $.
Analysis
Venezuela recorded 621.14 billion current international $ for gdp, ppp in 2011. That is the highest value across all 22 years on record.
That represents a change of up 6.3% on the previous year and up 68.6% over ten years.
Over the whole period, gdp, ppp in Venezuela peaked at 621.14 billion current international $ in 2011 and was at its lowest, 231.48 billion current international $, in 1990.
Venezuela ranks 48th of 204 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 22 years of available data.
GDP, PPP in Venezuela, year by year
| Year | current international $ | Change |
|---|---|---|
| 1990 | 231.48 billion current international $ | — |
| 1991 | 262.24 billion current international $ | +13.3% |
| 1992 | 284.33 billion current international $ | +8.4% |
| 1993 | 291.82 billion current international $ | +2.6% |
| 1994 | 291.16 billion current international $ | -0.2% |
| 1995 | 309.00 billion current international $ | +6.1% |
| 1996 | 313.86 billion current international $ | +1.6% |
| 1997 | 339.53 billion current international $ | +8.2% |
| 1998 | 344.99 billion current international $ | +1.6% |
| 1999 | 329.09 billion current international $ | -4.6% |
| 2000 | 348.44 billion current international $ | +5.9% |
| 2001 | 368.45 billion current international $ | +5.7% |
| 2002 | 341.53 billion current international $ | -7.3% |
| 2003 | 321.27 billion current international $ | -5.9% |
| 2004 | 389.98 billion current international $ | +21.4% |
| 2005 | 443.19 billion current international $ | +13.6% |
| 2006 | 502.05 billion current international $ | +13.3% |
| 2007 | 561.07 billion current international $ | +11.8% |
| 2008 | 601.70 billion current international $ | +7.2% |
| 2009 | 586.79 billion current international $ | -2.5% |
| 2010 | 584.49 billion current international $ | -0.4% |
| 2011 | 621.14 billion current international $ | +6.3% |
Venezuela compared with similar countries
- Venezuela's 621.14 billion current international $ is above the median for lower middle income countries, which is 81.75 billion current international $, 7.6× the median. (47 countries reporting)
- Venezuela's 621.14 billion current international $ is above the median for Latin America & Caribbean, which is 65.06 billion current international $, 9.5× the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 299.75 billion current international $ | 231.48 billion current international $ | 344.99 billion current international $ | 10 |
| 2000s | 446.45 billion current international $ | 321.27 billion current international $ | 601.70 billion current international $ | 10 |
| 2010s | 602.81 billion current international $ | 584.49 billion current international $ | 621.14 billion current international $ | 2 |
Countries ranked near Venezuela
- 45 Iraq 670.84 billion current international $ compare
- 46 Czechia 658.52 billion current international $ compare
- 47 Peru 650.60 billion current international $ compare
- 49 Israel 604.50 billion current international $ compare
- 50 Hong Kong 603.08 billion current international $ compare
- 51 Norway 583.77 billion current international $ 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 gdp, ppp in Venezuela?
- Gdp, ppp in Venezuela was 621.14 billion current international $ in 2011, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Venezuela?
- The highest recorded value was 621.14 billion current international $ in 2011.
- What is the lowest gdp, ppp recorded in Venezuela?
- The lowest recorded value was 231.48 billion current international $ in 1990.
- How does Venezuela rank for gdp, ppp?
- Venezuela ranks 48th out of 204 countries with data for 2011.
- Is gdp, ppp rising or falling in Venezuela?
- Over the last ten years it is up 68.6%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (current international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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 series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.