Share of services as a share of GDP vs. GDP per capita in Venezuela, RB
Venezuela, RB: Share of services as a share of GDP vs. GDP per capita was 41.5% in 2012. ▲ Rising
Share of services as a share of GDP vs. GDP per capita in Venezuela, RB, 1960–2012
Source: Herrendorf et al. and Groningen Growth and Development Centre (2015) – processed by Our World in Data. Measured in % GDP.
Analysis
Venezuela, RB recorded 41.5% for share of services as a share of gdp vs. gdp per capita in 2012.
That represents a change of down 9.4% over ten years.
Over the whole period, share of services as a share of gdp vs. gdp per capita in Venezuela, RB peaked at 49.8% in 1998 and was at its lowest, 30.3%, in 1974.
That places Venezuela, RB 40th out of 43 countries with data for 2012, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 53 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 40.5% | 39.4% | 42.0% | 10 |
| 1970s | 36.9% | 30.3% | 43.0% | 10 |
| 1980s | 39.6% | 35.0% | 42.5% | 10 |
| 1990s | 43.5% | 36.1% | 49.8% | 10 |
| 2000s | 43.4% | 37.6% | 49.3% | 10 |
| 2010s | 41.5% | 41.5% | 41.5% | 3 |
Countries ranked near Venezuela, RB
More economy & growth data for Venezuela, RB
- External balance on goods and services as a percent of GDP 4.8% (2025)
- Inflation of consumer prices 254.9% (2016)
- GDP per capita 1,519 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.0% (2011)
- Gross domestic product (GDP) 43.31 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,519 constant 2015 US$ (2025)
- DEC alternative conversion factor 165.46 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 996.97 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.03 billion current US$ (2025)
- Taxes less subsidies on products 0 current LCU (2011)
Frequently asked questions
- What is share of services as a share of gdp vs. gdp per capita in Venezuela, RB?
- Share of services as a share of gdp vs. gdp per capita in Venezuela, RB was 41.5% in 2012, according to Herrendorf et al. and Groningen Growth and Development Centre (2015) – processed by Our World in Data.
- What is the highest share of services as a share of gdp vs. gdp per capita recorded in Venezuela, RB?
- The highest recorded value was 49.8% in 1998.
- What is the lowest share of services as a share of gdp vs. gdp per capita recorded in Venezuela, RB?
- The lowest recorded value was 30.3% in 1974.
- How does Venezuela, RB rank for share of services as a share of gdp vs. gdp per capita?
- Venezuela, RB ranks 40th out of 43 countries with data for 2012.
- Is share of services as a share of gdp vs. gdp per capita rising or falling in Venezuela, RB?
- Over the last ten years it is down 9.4%. The long-run trend across the full record is rising.
- Where does this Venezuela, RB data come from?
- The figures come from Herrendorf et al. and Groningen Growth and Development Centre (2015) – processed by Our World in Data, published as part of Share of services as a share of GDP vs. GDP per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The vertical axis shows historical estimates of the value of services divided by gross domestic product, expressed as a percentage. The horizontal axis shows GDP per capita, adjusted for inflation and differences in living costs between countries.