Government spending as share of GDP vs. GDP per capita in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Government spending as share of GDP vs. GDP per capita was 17.6% in 2024. ▲ Rising
Latest (2024)
17.6%
Change on year
up 34.0%
World rank
137th
of 151 countries
All-time high
42.2%
in 1994
All-time low
7.1%
in 1922
Years of data
105
1920–2024
Government spending as share of GDP vs. GDP per capita in Venezuela, Bolivarian Republic of, 1920–2024
Source: International Monetary Fund (2025) – with minor processing by Our World in Data. Measured in % of GDP.
Analysis
Venezuela, Bolivarian Republic of recorded 17.6% for government spending as share of gdp vs. gdp per capita in 2024.
That represents a change of up 34.0% on the previous year and down 44.4% over ten years.
Over the whole period, government spending as share of gdp vs. gdp per capita in Venezuela, Bolivarian Republic of peaked at 42.2% in 1994 and was at its lowest, 7.1%, in 1922.
Venezuela, Bolivarian Republic of ranks 137th of 151 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 105 years of available data.
Government spending as share of GDP vs. GDP per capita in Venezuela, Bolivarian Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1920 | 8.6% | — |
| 1921 | 7.9% | -8.3% |
| 1922 | 7.1% | -10.0% |
| 1923 | 7.6% | +7.8% |
| 1924 | 8.6% | +12.4% |
| 1925 | 9.8% | +13.6% |
| 1926 | 8.6% | -11.7% |
| 1927 | 7.8% | -9.7% |
| 1928 | 11.6% | +48.4% |
| 1929 | 10.5% | -8.8% |
| 1930 | 10.5% | -0.6% |
| 1931 | 9.0% | -13.7% |
| 1932 | 8.2% | -9.3% |
| 1933 | 8.8% | +7.7% |
| 1934 | 9.9% | +12.4% |
| 1935 | 11.8% | +19.1% |
| 1936 | 13.2% | +11.8% |
| 1937 | 13.0% | -1.4% |
| 1938 | 12.0% | -8.1% |
| 1939 | 13.6% | +13.9% |
| 1940 | 14.2% | +3.9% |
| 1941 | 12.6% | -11.1% |
| 1942 | 12.5% | -1.0% |
| 1943 | 10.8% | -13.1% |
| 1944 | 9.9% | -8.3% |
| 1945 | 11.2% | +13.0% |
| 1946 | 12.9% | +15.2% |
| 1947 | 12.7% | -1.5% |
| 1948 | 12.9% | +1.1% |
| 1949 | 16.9% | +31.5% |
| 1950 | 16.0% | -5.4% |
| 1951 | 16.6% | +3.7% |
| 1952 | 18.8% | +13.6% |
| 1953 | 15.3% | -18.8% |
| 1954 | 14.8% | -3.4% |
| 1955 | 15.2% | +2.9% |
| 1956 | 15.2% | +0.2% |
| 1957 | 16.3% | +7.1% |
| 1958 | 24.4% | +49.3% |
| 1959 | 25.5% | +4.4% |
| 1960 | 23.7% | -7.0% |
| 1961 | 11.8% | -50.1% |
| 1962 | 17.6% | +48.8% |
| 1963 | 18.7% | +6.4% |
| 1964 | 17.9% | -4.3% |
| 1965 | 18.7% | +4.6% |
| 1966 | 19.1% | +2.2% |
| 1967 | 19.8% | +3.5% |
| 1968 | 19.8% | -0.0% |
| 1969 | 21.0% | +5.9% |
| 1970 | 19.5% | -7.2% |
| 1971 | 19.6% | +0.8% |
| 1972 | 21.3% | +8.5% |
| 1973 | 20.0% | -6.1% |
| 1974 | 35.3% | +76.2% |
| 1975 | 33.8% | -4.2% |
| 1976 | 26.6% | -21.3% |
| 1977 | 30.6% | +15.2% |
| 1978 | 29.2% | -4.8% |
| 1979 | 22.3% | -23.6% |
| 1980 | 22.0% | -1.4% |
| 1981 | 29.6% | +35.0% |
| 1982 | 29.0% | -2.1% |
| 1983 | 25.3% | -12.8% |
| 1984 | 19.7% | -22.3% |
| 1985 | 20.3% | +3.4% |
| 1986 | 21.5% | +5.5% |
| 1987 | 25.1% | +17.1% |
| 1988 | 33.2% | +32.1% |
| 1989 | 32.5% | -2.1% |
| 1990 | 31.9% | -1.8% |
| 1991 | 33.9% | +6.1% |
| 1992 | 30.6% | -9.6% |
| 1993 | 27.7% | -9.7% |
| 1994 | 42.2% | +52.6% |
| 1995 | 32.9% | -22.1% |
| 1996 | 27.7% | -15.6% |
| 1997 | 31.0% | +11.8% |
| 1998 | 28.8% | -7.1% |
| 1999 | 26.1% | -9.3% |
| 2000 | 28.3% | +8.4% |
| 2001 | 31.9% | +12.7% |
| 2002 | 31.0% | -2.8% |
| 2003 | 32.2% | +3.8% |
| 2004 | 31.9% | -0.8% |
| 2005 | 33.5% | +5.1% |
| 2006 | 39.3% | +17.1% |
| 2007 | 35.9% | -8.4% |
| 2008 | 34.9% | -3.0% |
| 2009 | 33.3% | -4.6% |
| 2010 | 31.1% | -6.5% |
| 2011 | 39.4% | +26.6% |
| 2012 | 38.0% | -3.4% |
| 2013 | 36.5% | -4.1% |
| 2014 | 31.6% | -13.3% |
| 2015 | 22.9% | -27.4% |
| 2016 | 19.7% | -14.2% |
| 2017 | 21.8% | +10.6% |
| 2018 | 37.9% | +73.9% |
| 2019 | 21.0% | -44.5% |
| 2020 | 11.2% | -46.9% |
| 2021 | 13.1% | +17.7% |
| 2022 | 15.1% | +15.3% |
| 2023 | 13.1% | -13.3% |
| 2024 | 17.6% | +34.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1920s | 8.8% | 7.1% | 11.6% | 10 |
| 1930s | 11.0% | 8.2% | 13.6% | 10 |
| 1940s | 12.7% | 9.9% | 16.9% | 10 |
| 1950s | 17.8% | 14.8% | 25.5% | 10 |
| 1960s | 18.8% | 11.8% | 23.7% | 10 |
| 1970s | 25.8% | 19.5% | 35.3% | 10 |
| 1980s | 25.8% | 19.7% | 33.2% | 10 |
| 1990s | 31.3% | 26.1% | 42.2% | 10 |
| 2000s | 33.2% | 28.3% | 39.3% | 10 |
| 2010s | 30.0% | 19.7% | 39.4% | 10 |
| 2020s | 14.0% | 11.2% | 17.6% | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth -100 % change on previous year (1991)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0 current US$ per US$ of GDP (2011)
- Gross value added at basic prices (GVA) (current US$), per capita 0 current US$ per person (2011)
- Gross value added at basic prices (GVA) (current LCU), annual growth -100 % change on previous year (1991)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2011)
- Gross value added at basic prices (GVA) (current LCU), per capita 0 current LCU per person (2011)
- Gross value added at basic prices (GVA) (constant LCU), annual growth -3.26 % change on previous year (2014)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.2184 constant LCU per US$ of GDP (2014)
Frequently asked questions
- What is government spending as share of gdp vs. gdp per capita in Venezuela, Bolivarian Republic of?
- Government spending as share of gdp vs. gdp per capita in Venezuela, Bolivarian Republic of was 17.6% in 2024, according to International Monetary Fund (2025) – with minor processing by Our World in Data.
- What is the highest government spending as share of gdp vs. gdp per capita recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 42.2% in 1994.
- What is the lowest government spending as share of gdp vs. gdp per capita recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 7.1% in 1922.
- How does Venezuela, Bolivarian Republic of rank for government spending as share of gdp vs. gdp per capita?
- Venezuela, Bolivarian Republic of ranks 137th out of 151 countries with data for 2024.
- Is government spending as share of gdp vs. gdp per capita rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 44.4%. The long-run trend across the full record is rising.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Monetary Fund (2025) – with minor processing by Our World in Data, published as part of Government spending as share of GDP vs. GDP per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 105 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Sum of all the money spent by the government on goods and services, as a percentage of GDP. It includes interest paid on government debt.