Gdp vs services gdp in Venezuela
Venezuela: Gdp vs services gdp was 41.5 in 2012. ▲ Rising
Latest (2012)
41.5
Change on year
unchanged
World rank
40th
of 43 countries
All-time high
49.8
in 1998
All-time low
30.3
in 1974
Years of data
53
1960–2012
Gdp vs services gdp in Venezuela, 1960–2012
Source: Our World in Data.
Analysis
Venezuela recorded 41.5 for gdp vs services gdp in 2012.
That represents a change of down 9.4% over ten years.
Over the whole period, gdp vs services gdp in Venezuela peaked at 49.8 in 1998 and was at its lowest, 30.3, in 1974.
That places Venezuela 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.
Gdp vs services gdp in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 40.5 | — |
| 1961 | 42 | +3.7% |
| 1962 | 40.6 | -3.3% |
| 1963 | 40.4 | -0.5% |
| 1964 | 39.4 | -2.5% |
| 1965 | 39.6 | +0.5% |
| 1966 | 40.2 | +1.5% |
| 1967 | 40.2 | +0.0% |
| 1968 | 40.9 | +1.7% |
| 1969 | 41.6 | +1.7% |
| 1970 | 43 | +3.4% |
| 1971 | 41.3 | -4.0% |
| 1972 | 40.5 | -1.9% |
| 1973 | 37.3 | -7.9% |
| 1974 | 30.3 | -18.8% |
| 1975 | 35.2 | +16.2% |
| 1976 | 35.3 | +0.3% |
| 1977 | 35.5 | +0.6% |
| 1978 | 36 | +1.4% |
| 1979 | 34.3 | -4.7% |
| 1980 | 35 | +2.0% |
| 1981 | 37.3 | +6.6% |
| 1982 | 38.8 | +4.0% |
| 1983 | 41 | +5.7% |
| 1984 | 39.2 | -4.4% |
| 1985 | 39.9 | +1.8% |
| 1986 | 42.5 | +6.5% |
| 1987 | 41.7 | -1.9% |
| 1988 | 42.4 | +1.7% |
| 1989 | 38.2 | -9.9% |
| 1990 | 36.1 | -5.5% |
| 1991 | 40 | +10.8% |
| 1992 | 41.2 | +3.0% |
| 1993 | 43.9 | +6.6% |
| 1994 | 45.2 | +3.0% |
| 1995 | 46 | +1.8% |
| 1996 | 39.1 | -15.0% |
| 1997 | 43.7 | +11.8% |
| 1998 | 49.8 | +14.0% |
| 1999 | 49.6 | -0.4% |
| 2000 | 45.6 | -8.1% |
| 2001 | 49.1 | +7.7% |
| 2002 | 45.8 | -6.7% |
| 2003 | 43.7 | -4.6% |
| 2004 | 40 | -8.5% |
| 2005 | 37.6 | -6.0% |
| 2006 | 39.2 | +4.3% |
| 2007 | 42.5 | +8.4% |
| 2008 | 41.3 | -2.8% |
| 2009 | 49.3 | +19.4% |
| 2010 | 41.5 | -15.8% |
| 2011 | 41.5 | +0.0% |
| 2012 | 41.5 | +0.0% |
Venezuela compared with similar countries
- Venezuela's 41.5 is below the median for lower middle income countries, which is 51.6, 80% of the median. (11 countries reporting)
- Venezuela's 41.5 is below the median for Latin America & Caribbean, which is 57.7, 72% of the median. (9 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 40.54 | 39.4 | 42 | 10 |
| 1970s | 36.87 | 30.3 | 43 | 10 |
| 1980s | 39.6 | 35 | 42.5 | 10 |
| 1990s | 43.46 | 36.1 | 49.8 | 10 |
| 2000s | 43.41 | 37.6 | 49.3 | 10 |
| 2010s | 41.5 | 41.5 | 41.5 | 3 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- Real gdp growth, annual growth rate -25.42 % change on previous year (2018)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gdp vs services gdp in Venezuela?
- Gdp vs services gdp in Venezuela was 41.5 in 2012, according to Our World in Data.
- What is the highest gdp vs services gdp recorded in Venezuela?
- The highest recorded value was 49.8 in 1998.
- What is the lowest gdp vs services gdp recorded in Venezuela?
- The lowest recorded value was 30.3 in 1974.
- How does Venezuela rank for gdp vs services gdp?
- Venezuela ranks 40th out of 43 countries with data for 2012.
- Is gdp vs services gdp rising or falling in Venezuela?
- Over the last ten years it is down 9.4%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Our World in Data, published as part of Gdp vs services gdp. Statizoid updates them automatically from the source API.
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