Gross Domestic Product, GDP in millions constant 2021 international $ in Venezuela
Venezuela: Gross Domestic Product, GDP in millions constant 2021 international $ was 0.3532 units per square kilometre in 2023. ▼ Falling
Gross Domestic Product, GDP in millions constant 2021 international $ in Venezuela, 1991–2023
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
Venezuela recorded 0.3532 units per square kilometre for gross domestic product, gdp in millions constant 2021 international $ in 2023.
Compared with earlier readings it is up 4.0% on the previous year and down 70.9% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Venezuela peaked at 1.21 units per square kilometre in 2013 and was at its lowest, 0.3115 units per square kilometre, in 2020.
That places Venezuela 136th out of 186 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 33 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Venezuela, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1991 | 0.7143 units per square kilometre | — |
| 1992 | 0.7576 units per square kilometre | +6.1% |
| 1993 | 0.7597 units per square kilometre | +0.3% |
| 1994 | 0.7418 units per square kilometre | -2.4% |
| 1995 | 0.7711 units per square kilometre | +4.0% |
| 1996 | 0.7696 units per square kilometre | -0.2% |
| 1997 | 0.8186 units per square kilometre | +6.4% |
| 1998 | 0.8211 units per square kilometre | +0.3% |
| 1999 | 0.772 units per square kilometre | -6.0% |
| 2000 | 0.8005 units per square kilometre | +3.7% |
| 2001 | 0.8277 units per square kilometre | +3.4% |
| 2002 | 0.7544 units per square kilometre | -8.9% |
| 2003 | 0.6959 units per square kilometre | -7.8% |
| 2004 | 0.8231 units per square kilometre | +18.3% |
| 2005 | 0.9081 units per square kilometre | +10.3% |
| 2006 | 0.9977 units per square kilometre | +9.9% |
| 2007 | 1.09 units per square kilometre | +8.8% |
| 2008 | 1.14 units per square kilometre | +5.3% |
| 2009 | 1.11 units per square kilometre | -3.2% |
| 2010 | 1.09 units per square kilometre | -1.5% |
| 2011 | 1.13 units per square kilometre | +4.2% |
| 2012 | 1.2 units per square kilometre | +5.6% |
| 2013 | 1.21 units per square kilometre | +1.3% |
| 2014 | 1.17 units per square kilometre | -3.9% |
| 2015 | 1.09 units per square kilometre | -6.2% |
| 2016 | 0.9082 units per square kilometre | -17.0% |
| 2017 | 0.7659 units per square kilometre | -15.7% |
| 2018 | 0.6156 units per square kilometre | -19.6% |
| 2019 | 0.445 units per square kilometre | -27.7% |
| 2020 | 0.3115 units per square kilometre | -30.0% |
| 2021 | 0.3145 units per square kilometre | +1.0% |
| 2022 | 0.3396 units per square kilometre | +8.0% |
| 2023 | 0.3532 units per square kilometre | +4.0% |
Venezuela compared with similar countries
- Venezuela's 0.3532 units per square kilometre is below the median for lower middle income countries, which is 0.4462 units per square kilometre, 79% of the median. (46 countries reporting)
- Venezuela's 0.3532 units per square kilometre is below the median for Latin America & Caribbean, which is 1.25 units per square kilometre, 28% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7695 units per square kilometre | 0.7143 units per square kilometre | 0.8211 units per square kilometre | 9 |
| 2000s | 0.914 units per square kilometre | 0.6959 units per square kilometre | 1.14 units per square kilometre | 10 |
| 2010s | 0.9634 units per square kilometre | 0.445 units per square kilometre | 1.21 units per square kilometre | 10 |
| 2020s | 0.3297 units per square kilometre | 0.3115 units per square kilometre | 0.3532 units per square kilometre | 4 |
Countries ranked near Venezuela
- 133 Malawi 0.3698 units per square kilometre compare
- 134 Russia 0.3563 units per square kilometre compare
- 135 Sierra Leone 0.3561 units per square kilometre compare
- 137 Tajikistan 0.3346 units per square kilometre compare
- 138 Djibouti 0.3255 units per square kilometre compare
- 139 Ethiopia 0.3212 units per square kilometre compare
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 in millions constant 2021 international $ in Venezuela?
- Gross domestic product, gdp in millions constant 2021 international $ in Venezuela was 0.3532 units per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Venezuela?
- The highest recorded value was 1.21 units per square kilometre in 2013.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Venezuela?
- The lowest recorded value was 0.3115 units per square kilometre in 2020.
- How does Venezuela rank for gross domestic product, gdp in millions constant 2021 international $?
- Venezuela ranks 136th out of 186 countries with data for 2023.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Venezuela?
- Over the last ten years it is down 70.9%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) ÷ Land area (sq. km)
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.