Gross Domestic Product, GDP in millions constant 2021 international $ in Venezuela
Venezuela: Gross Domestic Product, GDP in millions constant 2021 international $ was 326,980 in 2027. ▼ Falling
Gross Domestic Product, GDP in millions constant 2021 international $ in Venezuela, 1991–2027
Source: International Labour Organization.
Analysis
The most recent figure for gross domestic product, gdp in millions constant 2021 international $ in Venezuela is 326,980, measured in 2027.
That represents a change of up 2.2% on the previous year and down 51.6% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Venezuela peaked at 1.07 million in 2013 and was at its lowest, 274,758, in 2020.
Venezuela ranks 62nd of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 37 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Venezuela, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 630,051 | — |
| 1992 | 668,236 | +6.1% |
| 1993 | 670,078 | +0.3% |
| 1994 | 654,326 | -2.4% |
| 1995 | 680,184 | +4.0% |
| 1996 | 678,841 | -0.2% |
| 1997 | 722,087 | +6.4% |
| 1998 | 724,222 | +0.3% |
| 1999 | 680,976 | -6.0% |
| 2000 | 706,077 | +3.7% |
| 2001 | 730,041 | +3.4% |
| 2002 | 665,395 | -8.9% |
| 2003 | 613,799 | -7.8% |
| 2004 | 726,030 | +18.3% |
| 2005 | 800,954 | +10.3% |
| 2006 | 880,026 | +9.9% |
| 2007 | 957,050 | +8.8% |
| 2008 | 1.01 million | +5.3% |
| 2009 | 975,299 | -3.2% |
| 2010 | 960,786 | -1.5% |
| 2011 | 1.00 million | +4.2% |
| 2012 | 1.06 million | +5.6% |
| 2013 | 1.07 million | +1.3% |
| 2014 | 1.03 million | -3.9% |
| 2015 | 965,624 | -6.2% |
| 2016 | 801,074 | -17.0% |
| 2017 | 675,536 | -15.7% |
| 2018 | 542,990 | -19.6% |
| 2019 | 392,506 | -27.7% |
| 2020 | 274,758 | -30.0% |
| 2021 | 277,382 | +1.0% |
| 2022 | 299,575 | +8.0% |
| 2023 | 311,564 | +4.0% |
| 2024 | 328,077 | +5.3% |
| 2025 | 329,718 | +0.5% |
| 2026 | 319,826 | -3.0% |
| 2027 | 326,980 | +2.2% |
Venezuela compared with similar countries
- Venezuela's 326,980 is above the median for lower middle income countries, which is 75,074, 4.4× the median. (46 countries reporting)
- Venezuela's 326,980 is above the median for Latin America & Caribbean, which is 125,506, 2.6× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 678,778 | 630,051 | 724,222 | 9 |
| 2000s | 806,223 | 613,799 | 1.01 million | 10 |
| 2010s | 849,773 | 392,506 | 1.07 million | 10 |
| 2020s | 308,485 | 274,758 | 329,718 | 8 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- Real gdp growth, annual growth rate -25.42 % change on previous year (2018)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
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 326,980 in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Venezuela?
- The highest recorded value was 1.07 million in 2013.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Venezuela?
- The lowest recorded value was 274,758 in 2020.
- How does Venezuela rank for gross domestic product, gdp in millions constant 2021 international $?
- Venezuela ranks 62nd out of 188 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Venezuela?
- Over the last ten years it is down 51.6%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.