Gross domestic product (GDP), Constant prices, Percent in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Gross domestic product (GDP), Constant prices, Percent was 6 in 2027. ◆ Volatile
Gross domestic product (GDP), Constant prices, Percent in Venezuela, Bolivarian Republic of, 1980–2027
Source: International Monetary Fund.
Analysis
In 2027, gross domestic product (gdp), constant prices, percent in Venezuela, Bolivarian Republic of stood at 6.
The figure is up 48.3% on the previous year and up 138.3% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent in Venezuela, Bolivarian Republic of peaked at 18.29 in 2004 and was at its lowest, -30, in 2020.
Venezuela, Bolivarian Republic of ranks 1st of 36 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Percent in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -4.95 | — |
| 1981 | -1.29 | -74.0% |
| 1982 | 2.64 | -305.3% |
| 1983 | -9.86 | -472.6% |
| 1984 | 5.22 | -153.0% |
| 1985 | 0.8674 | -83.4% |
| 1986 | 6.08 | +600.9% |
| 1987 | 4.8 | -21.0% |
| 1988 | 6.51 | +35.6% |
| 1989 | -13.92 | -313.8% |
| 1990 | 6.47 | -146.5% |
| 1991 | 9.73 | +50.4% |
| 1992 | 6.06 | -37.7% |
| 1993 | 0.2754 | -95.5% |
| 1994 | -2.35 | -953.0% |
| 1995 | 3.95 | -268.2% |
| 1996 | -0.1979 | -105.0% |
| 1997 | 6.37 | -3318.8% |
| 1998 | 0.2941 | -95.4% |
| 1999 | -5.97 | -2130.4% |
| 2000 | 3.69 | -161.8% |
| 2001 | 3.39 | -7.9% |
| 2002 | -8.86 | -360.9% |
| 2003 | -7.76 | -12.4% |
| 2004 | 18.29 | -335.8% |
| 2005 | 10.32 | -43.6% |
| 2006 | 9.87 | -4.3% |
| 2007 | 8.75 | -11.3% |
| 2008 | 5.28 | -39.7% |
| 2009 | -3.2 | -160.7% |
| 2010 | -1.49 | -53.5% |
| 2011 | 4.18 | -380.5% |
| 2012 | 5.63 | +34.7% |
| 2013 | 1.34 | -76.1% |
| 2014 | -3.89 | -390.0% |
| 2015 | -6.22 | +59.8% |
| 2016 | -17.04 | +173.9% |
| 2017 | -15.67 | -8.0% |
| 2018 | -19.66 | +25.4% |
| 2019 | -27.66 | +40.7% |
| 2020 | -30 | +8.5% |
| 2021 | 0.9554 | -103.2% |
| 2022 | 8 | +737.4% |
| 2023 | 4 | -50.0% |
| 2024 | 5.3 | +32.4% |
| 2025 | 1.53 | -71.1% |
| 2026 | 4.04 | +163.7% |
| 2027 | 6 | +48.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -0.3884 | -13.92 | 6.51 | 10 |
| 1990s | 2.46 | -5.97 | 9.73 | 10 |
| 2000s | 3.98 | -8.86 | 18.29 | 10 |
| 2010s | -8.05 | -27.66 | 5.63 | 10 |
| 2020s | -0.0213 | -30 | 8 | 8 |
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)
- Final consumption expenditure (constant 2015 US$), per capita 977 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate -15.17 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.9521 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 3,327 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 240.96 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 157.53 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 550,519 current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate -3.06 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, percent in Venezuela, Bolivarian Republic of?
- Gross domestic product (gdp), constant prices, percent in Venezuela, Bolivarian Republic of was 6 in 2027, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 18.29 in 2004.
- What is the lowest gross domestic product (gdp), constant prices, percent recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was -30 in 2020.
- How does Venezuela, Bolivarian Republic of rank for gross domestic product (gdp), constant prices, percent?
- Venezuela, Bolivarian Republic of ranks 1st out of 36 countries with data for 2027.
- Is gross domestic product (gdp), constant prices, percent rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 138.3%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent. Statizoid updates them automatically from the source API.
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About this data
The WHD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in the Western Hemisphere. Data for the Western Hemisphere REO are prepared in conjunction and are consistent with the semi-annual World Economic Outlook (WEO) exercises. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.