Gross domestic product (GDP), Constant prices, Purchasing power in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Gross domestic product (GDP), Constant prices, Purchasing power was 6.67 in 2019. ▲ Rising
Gross domestic product (GDP), Constant prices, Purchasing power in Venezuela, Bolivarian Republic of, 1960–2019
Source: International Monetary Fund.
Analysis
In 2019, gross domestic product (gdp), constant prices, purchasing power in Venezuela, Bolivarian Republic of stood at 6.67.
That represents a change of down 35.0% on the previous year and down 63.8% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Venezuela, Bolivarian Republic of peaked at 20.25 in 2013 and was at its lowest, 3.52, in 1960.
That places Venezuela, Bolivarian Republic of 160th out of 193 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 60 years of available data.
Gross domestic product (GDP), Constant prices, Purchasing power in Venezuela, Bolivarian Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 3.52 | — |
| 1961 | 3.67 | +4.4% |
| 1962 | 4.03 | +9.7% |
| 1963 | 4.3 | +6.6% |
| 1964 | 4.86 | +13.1% |
| 1965 | 5.09 | +4.9% |
| 1966 | 5.05 | -0.8% |
| 1967 | 5.27 | +4.3% |
| 1968 | 5.77 | +9.5% |
| 1969 | 6.08 | +5.4% |
| 1970 | 6.81 | +11.9% |
| 1971 | 7.02 | +3.1% |
| 1972 | 7.25 | +3.3% |
| 1973 | 7.7 | +6.3% |
| 1974 | 8.17 | +6.1% |
| 1975 | 8.66 | +6.1% |
| 1976 | 9.42 | +8.8% |
| 1977 | 10.05 | +6.7% |
| 1978 | 10.27 | +2.1% |
| 1979 | 10.41 | +1.3% |
| 1980 | 10.2 | -2.0% |
| 1981 | 10.17 | -0.3% |
| 1982 | 10.24 | +0.7% |
| 1983 | 9.66 | -5.6% |
| 1984 | 9.53 | -1.4% |
| 1985 | 9.55 | +0.2% |
| 1986 | 10.17 | +6.5% |
| 1987 | 10.54 | +3.6% |
| 1988 | 11.15 | +5.8% |
| 1989 | 10.19 | -8.6% |
| 1990 | 10.85 | +6.5% |
| 1991 | 11.91 | +9.7% |
| 1992 | 12.63 | +6.1% |
| 1993 | 12.67 | +0.3% |
| 1994 | 12.37 | -2.3% |
| 1995 | 12.86 | +4.0% |
| 1996 | 12.83 | -0.2% |
| 1997 | 13.65 | +6.4% |
| 1998 | 13.69 | +0.3% |
| 1999 | 12.87 | -6.0% |
| 2000 | 13.35 | +3.7% |
| 2001 | 13.8 | +3.4% |
| 2002 | 12.58 | -8.9% |
| 2003 | 11.6 | -7.8% |
| 2004 | 13.72 | +18.3% |
| 2005 | 15.14 | +10.3% |
| 2006 | 16.63 | +9.9% |
| 2007 | 18.09 | +8.8% |
| 2008 | 19.05 | +5.3% |
| 2009 | 18.44 | -3.2% |
| 2010 | 18.16 | -1.5% |
| 2011 | 18.92 | +4.2% |
| 2012 | 19.98 | +5.6% |
| 2013 | 20.25 | +1.3% |
| 2014 | 19.46 | -3.9% |
| 2015 | 18.25 | -6.2% |
| 2016 | 15.14 | -17.0% |
| 2017 | 12.77 | -15.7% |
| 2018 | 10.26 | -19.6% |
| 2019 | 6.67 | -35.0% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 6.67 is below the median for lower middle income countries, which is 48.19, 14% of the median. (46 countries reporting)
- Venezuela, Bolivarian Republic of's 6.67 is below the median for Latin America & Caribbean, which is 44.46, 15% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Purchasing power in Venezuela, Bolivarian Republic of 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 |
|---|---|---|---|
| 2019 | -35.0% | 10.26 | 6.67 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.76 | 3.52 | 6.08 | 10 |
| 1970s | 8.57 | 6.81 | 10.41 | 10 |
| 1980s | 10.14 | 9.53 | 11.15 | 10 |
| 1990s | 12.63 | 10.85 | 13.69 | 10 |
| 2000s | 15.24 | 11.6 | 19.05 | 10 |
| 2010s | 15.99 | 6.67 | 20.25 | 10 |
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)
- 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), constant prices, purchasing power in Venezuela, Bolivarian Republic of?
- Gross domestic product (gdp), constant prices, purchasing power in Venezuela, Bolivarian Republic of was 6.67 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 20.25 in 2013.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 3.52 in 1960.
- How does Venezuela, Bolivarian Republic of rank for gross domestic product (gdp), constant prices, purchasing power?
- Venezuela, Bolivarian Republic of ranks 160th out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 63.8%. 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, published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.