General government final consumption expenditure in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: General government final consumption expenditure was 0.6% in 2014. ◆ Volatile
General government final consumption expenditure in Venezuela, Bolivarian Republic of, 1961–2014
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for general government final consumption expenditure in Venezuela, Bolivarian Republic of is 0.6%, measured in 2014.
Compared with earlier readings it is down 80.8% on the previous year and down 95.5% over ten years.
Over the whole period, general government final consumption expenditure in Venezuela, Bolivarian Republic of peaked at 58.3% in 1997 and was at its lowest, -17.0%, in 1974.
Venezuela, Bolivarian Republic of ranks 130th of 174 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.
General government final consumption expenditure in Venezuela, Bolivarian Republic of, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1961 | -1.0% | — |
| 1962 | -2.1% | +105.2% |
| 1963 | 16.1% | -859.2% |
| 1964 | 2.7% | -83.4% |
| 1965 | 7.6% | +184.9% |
| 1966 | 9.0% | +17.9% |
| 1967 | 3.8% | -57.7% |
| 1968 | 8.9% | +134.5% |
| 1969 | 6.2% | -30.4% |
| 1970 | -1.0% | -115.9% |
| 1971 | 14.0% | -1526.1% |
| 1972 | 4.0% | -71.3% |
| 1973 | 7.3% | +81.1% |
| 1974 | -17.0% | -332.7% |
| 1975 | 3.1% | -118.3% |
| 1976 | 15.0% | +385.0% |
| 1977 | 5.7% | -61.7% |
| 1978 | -3.5% | -160.2% |
| 1979 | 4.9% | -240.6% |
| 1980 | 3.7% | -24.7% |
| 1981 | 4.4% | +21.2% |
| 1982 | 3.9% | -12.5% |
| 1983 | -8.9% | -328.4% |
| 1984 | 4.0% | -145.1% |
| 1985 | -0.8% | -120.8% |
| 1986 | 5.0% | -696.9% |
| 1987 | 4.6% | -7.4% |
| 1988 | 11.7% | +154.3% |
| 1989 | -8.0% | -168.4% |
| 1990 | 5.0% | -162.8% |
| 1991 | 15.2% | +202.1% |
| 1992 | -0.2% | -101.5% |
| 1993 | -5.2% | +2138.6% |
| 1994 | -5.9% | +12.8% |
| 1995 | 2.6% | -143.7% |
| 1996 | -7.6% | -394.5% |
| 1997 | 58.3% | -870.1% |
| 1998 | -3.1% | -105.2% |
| 1999 | -7.5% | +145.1% |
| 2000 | 4.2% | -155.8% |
| 2001 | 6.9% | +65.7% |
| 2002 | -2.5% | -135.9% |
| 2003 | 5.7% | -329.3% |
| 2004 | 14.2% | +149.4% |
| 2005 | 10.7% | -25.1% |
| 2006 | 9.6% | -9.6% |
| 2007 | 13.8% | +42.9% |
| 2008 | 4.8% | -65.3% |
| 2009 | 1.5% | -67.8% |
| 2010 | 2.1% | +39.3% |
| 2011 | 5.9% | +176.1% |
| 2012 | 6.3% | +5.7% |
| 2013 | 3.3% | -46.6% |
| 2014 | 0.6% | -80.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.7% | -2.1% | 16.1% | 9 |
| 1970s | 3.3% | -17.0% | 15.0% | 10 |
| 1980s | 2.0% | -8.9% | 11.7% | 10 |
| 1990s | 5.2% | -7.6% | 58.3% | 10 |
| 2000s | 6.9% | -2.5% | 14.2% | 10 |
| 2010s | 3.7% | 0.6% | 6.3% | 5 |
Countries ranked near Venezuela, Bolivarian Republic of
More economy & growth data for Venezuela, Bolivarian Republic of
- 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)
- Imports of goods and services (constant 2015 US$), annual growth rate -16.88 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.0562 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 196.28 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -45.2 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 120.25 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual -100 % change on previous year (1991)
- Agriculture, forestry, and fishing, value added (current LCU), per 0 current LCU per US$ of GDP (2011)
- Agriculture, forestry, and fishing, value added (current LCU), per 0 current LCU per person (2011)
Frequently asked questions
- What is general government final consumption expenditure in Venezuela, Bolivarian Republic of?
- General government final consumption expenditure in Venezuela, Bolivarian Republic of was 0.6% in 2014, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest general government final consumption expenditure recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 58.3% in 1997.
- What is the lowest general government final consumption expenditure recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was -17.0% in 1974.
- How does Venezuela, Bolivarian Republic of rank for general government final consumption expenditure?
- Venezuela, Bolivarian Republic of ranks 130th out of 174 countries with data for 2014.
- Is general government final consumption expenditure rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 95.5%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of General government final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.