Gross Domestic Product, GDP in millions constant 2021 international $ in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Gross Domestic Product, GDP in millions constant 2021 international $ was 2.24 % change on previous year in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Venezuela, Bolivarian Republic of, 1992–2027
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Venezuela, Bolivarian Republic of recorded 2.24 % change on previous year for gross domestic product, gdp in millions constant 2021 international $ in 2027.
The figure is up 174.6% on the previous year and up 114.3% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Venezuela, Bolivarian Republic of peaked at 18.28 % change on previous year in 2004 and was at its lowest, -30 % change on previous year, in 2020.
Venezuela, Bolivarian Republic of ranks 138th of 189 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product, GDP in millions constant 2021 international $ in Venezuela, Bolivarian Republic of, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 6.06 % change on previous year | — |
| 1993 | 0.2757 % change on previous year | -95.5% |
| 1994 | -2.35 % change on previous year | -952.8% |
| 1995 | 3.95 % change on previous year | -268.1% |
| 1996 | -0.1974 % change on previous year | -105.0% |
| 1997 | 6.37 % change on previous year | -3326.5% |
| 1998 | 0.2957 % change on previous year | -95.4% |
| 1999 | -5.97 % change on previous year | -2119.6% |
| 2000 | 3.69 % change on previous year | -161.7% |
| 2001 | 3.39 % change on previous year | -7.9% |
| 2002 | -8.86 % change on previous year | -360.9% |
| 2003 | -7.75 % change on previous year | -12.4% |
| 2004 | 18.28 % change on previous year | -335.8% |
| 2005 | 10.32 % change on previous year | -43.6% |
| 2006 | 9.87 % change on previous year | -4.3% |
| 2007 | 8.75 % change on previous year | -11.3% |
| 2008 | 5.28 % change on previous year | -39.7% |
| 2009 | -3.2 % change on previous year | -160.7% |
| 2010 | -1.49 % change on previous year | -53.5% |
| 2011 | 4.18 % change on previous year | -380.6% |
| 2012 | 5.63 % change on previous year | +34.7% |
| 2013 | 1.34 % change on previous year | -76.1% |
| 2014 | -3.9 % change on previous year | -389.8% |
| 2015 | -6.22 % change on previous year | +59.7% |
| 2016 | -17.04 % change on previous year | +173.9% |
| 2017 | -15.67 % change on previous year | -8.0% |
| 2018 | -19.62 % change on previous year | +25.2% |
| 2019 | -27.71 % change on previous year | +41.2% |
| 2020 | -30 % change on previous year | +8.2% |
| 2021 | 0.955 % change on previous year | -103.2% |
| 2022 | 8 % change on previous year | +737.8% |
| 2023 | 4 % change on previous year | -50.0% |
| 2024 | 5.3 % change on previous year | +32.4% |
| 2025 | 0.5002 % change on previous year | -90.6% |
| 2026 | -3 % change on previous year | -699.8% |
| 2027 | 2.24 % change on previous year | -174.6% |
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ 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 |
|---|---|---|---|
| 1997 | +3326.5% | -0.1974 % change on previous year | 6.37 % change on previous year |
| 1999 | -2119.6% | 0.2957 % change on previous year | -5.97 % change on previous year |
| 1994 | -952.8% | 0.2757 % change on previous year | -2.35 % change on previous year |
| 2022 | +737.8% | 0.955 % change on previous year | 8 % change on previous year |
| 2026 | -699.8% | 0.5002 % change on previous year | -3 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.05 % change on previous year | -5.97 % change on previous year | 6.37 % change on previous year | 8 |
| 2000s | 3.98 % change on previous year | -8.86 % change on previous year | 18.28 % change on previous year | 10 |
| 2010s | -8.05 % change on previous year | -27.71 % change on previous year | 5.63 % change on previous year | 10 |
| 2020s | -1.5 % change on previous year | -30 % change on previous year | 8 % change on previous year | 8 |
Countries ranked near Venezuela, Bolivarian Republic of
- 135 Luxembourg 2.28 % change on previous year compare
- 136 Hungary 2.25 % change on previous year compare
- 137 Brazil 2.24 % change on previous year compare
- 139 Thailand 2.19 % change on previous year compare
- 140 Afghanistan 2.19 % change on previous year compare
- 141 Belize 2.17 % change on previous year compare
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 in millions constant 2021 international $ in Venezuela, Bolivarian Republic of?
- Gross domestic product, gdp in millions constant 2021 international $ in Venezuela, Bolivarian Republic of was 2.24 % change on previous year in 2027, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 18.28 % change on previous year in 2004.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was -30 % change on previous year in 2020.
- How does Venezuela, Bolivarian Republic of rank for gross domestic product, gdp in millions constant 2021 international $?
- Venezuela, Bolivarian Republic of ranks 138th out of 189 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 114.3%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 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 in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
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 in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.