Gross domestic product (GDP), annual growth rate in Venezuela
Venezuela: Gross domestic product (GDP), annual growth rate was -34.06 % change on previous year in 2014. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Venezuela, 1951–2014
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2014, gross domestic product (gdp), annual growth rate in Venezuela stood at -34.06 % change on previous year. That is the lowest value across all 64 years on record.
The figure is down 661.7% on the previous year and down 219.7% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Venezuela peaked at 28.45 % change on previous year in 2004 and was at its lowest, -34.06 % change on previous year, in 2014.
That places Venezuela 184th out of 184 countries with data for 2014, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Venezuela, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 10.46 % change on previous year | — |
| 1952 | 14.24 % change on previous year | +36.1% |
| 1953 | 3.18 % change on previous year | -77.7% |
| 1954 | 10.47 % change on previous year | +229.4% |
| 1955 | 6.69 % change on previous year | -36.1% |
| 1956 | 7.92 % change on previous year | +18.5% |
| 1957 | 9.93 % change on previous year | +25.4% |
| 1958 | 5.7 % change on previous year | -42.6% |
| 1959 | 4.83 % change on previous year | -15.3% |
| 1960 | -5.33 % change on previous year | -210.5% |
| 1961 | 3.26 % change on previous year | -161.2% |
| 1962 | 7.44 % change on previous year | +128.1% |
| 1963 | 7.45 % change on previous year | +0.1% |
| 1964 | 11.19 % change on previous year | +50.1% |
| 1965 | 3.72 % change on previous year | -66.7% |
| 1966 | 0.6893 % change on previous year | -81.5% |
| 1967 | 3.53 % change on previous year | +412.0% |
| 1968 | 11.17 % change on previous year | +216.5% |
| 1969 | 5.89 % change on previous year | -47.3% |
| 1970 | 12.87 % change on previous year | +118.5% |
| 1971 | -2.5 % change on previous year | -119.4% |
| 1972 | 3.47 % change on previous year | -238.8% |
| 1973 | 11.78 % change on previous year | +239.8% |
| 1974 | 20.59 % change on previous year | +74.9% |
| 1975 | -0.5149 % change on previous year | -102.5% |
| 1976 | 5.21 % change on previous year | -1111.0% |
| 1977 | 3.66 % change on previous year | -29.6% |
| 1978 | -0.5623 % change on previous year | -115.3% |
| 1979 | 5.7 % change on previous year | -1112.8% |
| 1980 | -0.5479 % change on previous year | -109.6% |
| 1981 | -0.1778 % change on previous year | -67.5% |
| 1982 | -5.11 % change on previous year | +2774.5% |
| 1983 | 1.12 % change on previous year | -121.9% |
| 1984 | 1.82 % change on previous year | +63.0% |
| 1985 | -5.43 % change on previous year | -397.5% |
| 1986 | -5.74 % change on previous year | +5.8% |
| 1987 | 1.76 % change on previous year | -130.6% |
| 1988 | 3.48 % change on previous year | +97.9% |
| 1989 | -5.04 % change on previous year | -244.8% |
| 1990 | 7.25 % change on previous year | -243.9% |
| 1991 | 7.56 % change on previous year | +4.3% |
| 1992 | 4.05 % change on previous year | -46.4% |
| 1993 | -3.88 % change on previous year | -195.9% |
| 1994 | -4.51 % change on previous year | +16.1% |
| 1995 | 5.9 % change on previous year | -230.9% |
| 1996 | -0.6117 % change on previous year | -110.4% |
| 1997 | 2.36 % change on previous year | -486.1% |
| 1998 | -7.56 % change on previous year | -420.1% |
| 1999 | 2.45 % change on previous year | -132.4% |
| 2000 | 20.67 % change on previous year | +745.0% |
| 2001 | -2.24 % change on previous year | -110.8% |
| 2002 | -4.94 % change on previous year | +120.3% |
| 2003 | -1.78 % change on previous year | -64.0% |
| 2004 | 28.45 % change on previous year | -1701.8% |
| 2005 | 27.29 % change on previous year | -4.1% |
| 2006 | 18.82 % change on previous year | -31.0% |
| 2007 | 14.69 % change on previous year | -21.9% |
| 2008 | 18.44 % change on previous year | +25.5% |
| 2009 | -12.93 % change on previous year | -170.1% |
| 2010 | 21.99 % change on previous year | -270.0% |
| 2011 | 10.46 % change on previous year | -52.4% |
| 2012 | 3.53 % change on previous year | -66.2% |
| 2013 | -4.47 % change on previous year | -226.5% |
| 2014 | -34.06 % change on previous year | +661.7% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1982 | -2774.5% | -0.1778 % change on previous year | -5.11 % change on previous year |
| 2004 | +1701.8% | -1.78 % change on previous year | 28.45 % change on previous year |
| 1979 | +1112.8% | -0.5623 % change on previous year | 5.7 % change on previous year |
| 1976 | +1111.0% | -0.5149 % change on previous year | 5.21 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 8.16 % change on previous year | 3.18 % change on previous year | 14.24 % change on previous year | 9 |
| 1960s | 4.9 % change on previous year | -5.33 % change on previous year | 11.19 % change on previous year | 10 |
| 1970s | 5.97 % change on previous year | -2.5 % change on previous year | 20.59 % change on previous year | 10 |
| 1980s | -1.39 % change on previous year | -5.74 % change on previous year | 3.48 % change on previous year | 10 |
| 1990s | 1.3 % change on previous year | -7.56 % change on previous year | 7.56 % change on previous year | 10 |
| 2000s | 10.65 % change on previous year | -12.93 % change on previous year | 28.45 % change on previous year | 10 |
| 2010s | -0.5106 % change on previous year | -34.06 % change on previous year | 21.99 % change on previous year | 5 |
Countries ranked near Venezuela
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 gross domestic product (gdp), annual growth rate in Venezuela?
- Gross domestic product (gdp), annual growth rate in Venezuela was -34.06 % change on previous year in 2014, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Venezuela?
- The highest recorded value was 28.45 % change on previous year in 2004.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Venezuela?
- The lowest recorded value was -34.06 % change on previous year in 2014.
- How does Venezuela rank for gross domestic product (gdp), annual growth rate?
- Venezuela ranks 184th out of 184 countries with data for 2014.
- Is gross domestic product (gdp), annual growth rate rising or falling in Venezuela?
- Over the last ten years it is down 219.7%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.