Gross domestic product (GDP), per unit of GDP in Venezuela
Venezuela: Gross domestic product (GDP), per unit of GDP was 2.03 international-$ in 2021 prices per US$ of GDP in 2014. ◆ Volatile
Latest (2014)
2.03 international-$ in 2021 prices per US$ of GDP
Change on year
down 20.7%
World rank
97th
of 180 countries
All-time high
11.23 international-$ in 2021 prices per US$ of GDP
in 1970
All-time low
1.5 international-$ in 2021 prices per US$ of GDP
in 2009
Years of data
55
1960–2014
Gross domestic product (GDP), per unit of GDP in Venezuela, 1960–2014
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
In 2014, gross domestic product (gdp), per unit of gdp in Venezuela stood at 2.03 international-$ in 2021 prices per US$ of GDP.
The figure is down 20.7% on the previous year and down 17.7% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Venezuela peaked at 11.23 international-$ in 2021 prices per US$ of GDP in 1970 and was at its lowest, 1.5 international-$ in 2021 prices per US$ of GDP, in 2009.
Venezuela ranks 97th of 180 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), per unit of GDP in Venezuela, year by year
| Year | international-$ in 2021 prices per US$ of GDP | Change |
|---|---|---|
| 1960 | 8.89 international-$ in 2021 prices per US$ of GDP | — |
| 1961 | 8.73 international-$ in 2021 prices per US$ of GDP | -1.9% |
| 1962 | 8.58 international-$ in 2021 prices per US$ of GDP | -1.7% |
| 1963 | 8.46 international-$ in 2021 prices per US$ of GDP | -1.4% |
| 1964 | 11.03 international-$ in 2021 prices per US$ of GDP | +30.4% |
| 1965 | 11.12 international-$ in 2021 prices per US$ of GDP | +0.8% |
| 1966 | 10.75 international-$ in 2021 prices per US$ of GDP | -3.4% |
| 1967 | 10.56 international-$ in 2021 prices per US$ of GDP | -1.7% |
| 1968 | 10.82 international-$ in 2021 prices per US$ of GDP | +2.5% |
| 1969 | 11.18 international-$ in 2021 prices per US$ of GDP | +3.3% |
| 1970 | 11.23 international-$ in 2021 prices per US$ of GDP | +0.4% |
| 1971 | 9.75 international-$ in 2021 prices per US$ of GDP | -13.2% |
| 1972 | 9.37 international-$ in 2021 prices per US$ of GDP | -3.9% |
| 1973 | 8.59 international-$ in 2021 prices per US$ of GDP | -8.3% |
| 1974 | 6.76 international-$ in 2021 prices per US$ of GDP | -21.3% |
| 1975 | 6.39 international-$ in 2021 prices per US$ of GDP | -5.5% |
| 1976 | 5.88 international-$ in 2021 prices per US$ of GDP | -8.0% |
| 1977 | 5.29 international-$ in 2021 prices per US$ of GDP | -10.1% |
| 1978 | 4.84 international-$ in 2021 prices per US$ of GDP | -8.4% |
| 1979 | 4.17 international-$ in 2021 prices per US$ of GDP | -14.0% |
| 1980 | 3.39 international-$ in 2021 prices per US$ of GDP | -18.7% |
| 1981 | 3.01 international-$ in 2021 prices per US$ of GDP | -11.0% |
| 1982 | 2.8 international-$ in 2021 prices per US$ of GDP | -7.1% |
| 1983 | 2.84 international-$ in 2021 prices per US$ of GDP | +1.4% |
| 1984 | 3.26 international-$ in 2021 prices per US$ of GDP | +14.9% |
| 1985 | 2.98 international-$ in 2021 prices per US$ of GDP | -8.6% |
| 1986 | 2.88 international-$ in 2021 prices per US$ of GDP | -3.5% |
| 1987 | 3.69 international-$ in 2021 prices per US$ of GDP | +28.2% |
| 1988 | 3.04 international-$ in 2021 prices per US$ of GDP | -17.5% |
| 1989 | 4 international-$ in 2021 prices per US$ of GDP | +31.4% |
| 1990 | 3.84 international-$ in 2021 prices per US$ of GDP | -3.9% |
| 1991 | 3.76 international-$ in 2021 prices per US$ of GDP | -2.2% |
| 1992 | 3.46 international-$ in 2021 prices per US$ of GDP | -7.9% |
| 1993 | 3.34 international-$ in 2021 prices per US$ of GDP | -3.3% |
| 1994 | 3.28 international-$ in 2021 prices per US$ of GDP | -1.9% |
| 1995 | 2.62 international-$ in 2021 prices per US$ of GDP | -20.1% |
| 1996 | 2.86 international-$ in 2021 prices per US$ of GDP | +9.0% |
| 1997 | 2.41 international-$ in 2021 prices per US$ of GDP | -15.9% |
| 1998 | 2.09 international-$ in 2021 prices per US$ of GDP | -13.1% |
| 1999 | 2 international-$ in 2021 prices per US$ of GDP | -4.5% |
| 2000 | 2.02 international-$ in 2021 prices per US$ of GDP | +0.9% |
| 2001 | 1.88 international-$ in 2021 prices per US$ of GDP | -6.8% |
| 2002 | 2.36 international-$ in 2021 prices per US$ of GDP | +25.8% |
| 2003 | 2.58 international-$ in 2021 prices per US$ of GDP | +9.1% |
| 2004 | 2.46 international-$ in 2021 prices per US$ of GDP | -4.5% |
| 2005 | 2.42 international-$ in 2021 prices per US$ of GDP | -1.6% |
| 2006 | 2.28 international-$ in 2021 prices per US$ of GDP | -5.8% |
| 2007 | 2.08 international-$ in 2021 prices per US$ of GDP | -8.6% |
| 2008 | 1.8 international-$ in 2021 prices per US$ of GDP | -13.6% |
| 2009 | 1.5 international-$ in 2021 prices per US$ of GDP | -16.6% |
| 2010 | 1.54 international-$ in 2021 prices per US$ of GDP | +2.3% |
| 2011 | 2.11 international-$ in 2021 prices per US$ of GDP | +37.2% |
| 2012 | 1.86 international-$ in 2021 prices per US$ of GDP | -11.9% |
| 2013 | 2.55 international-$ in 2021 prices per US$ of GDP | +37.4% |
| 2014 | 2.03 international-$ in 2021 prices per US$ of GDP | -20.7% |
Venezuela compared with similar countries
- Venezuela's 2.03 international-$ in 2021 prices per US$ of GDP is below the median for lower middle income countries, which is 2.55 international-$ in 2021 prices per US$ of GDP, 80% of the median. (42 countries reporting)
- Venezuela's 2.03 international-$ in 2021 prices per US$ of GDP is above the median for Latin America & Caribbean, which is 1.7 international-$ in 2021 prices per US$ of GDP, 1.2× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.01 international-$ in 2021 prices per US$ of GDP | 8.46 international-$ in 2021 prices per US$ of GDP | 11.18 international-$ in 2021 prices per US$ of GDP | 10 |
| 1970s | 7.23 international-$ in 2021 prices per US$ of GDP | 4.17 international-$ in 2021 prices per US$ of GDP | 11.23 international-$ in 2021 prices per US$ of GDP | 10 |
| 1980s | 3.19 international-$ in 2021 prices per US$ of GDP | 2.8 international-$ in 2021 prices per US$ of GDP | 4 international-$ in 2021 prices per US$ of GDP | 10 |
| 1990s | 2.97 international-$ in 2021 prices per US$ of GDP | 2 international-$ in 2021 prices per US$ of GDP | 3.84 international-$ in 2021 prices per US$ of GDP | 10 |
| 2000s | 2.14 international-$ in 2021 prices per US$ of GDP | 1.5 international-$ in 2021 prices per US$ of GDP | 2.58 international-$ in 2021 prices per US$ of GDP | 10 |
| 2010s | 2.02 international-$ in 2021 prices per US$ of GDP | 1.54 international-$ in 2021 prices per US$ of GDP | 2.55 international-$ in 2021 prices per US$ of GDP | 5 |
Countries ranked near Venezuela
- 94 Liberia 2.08 international-$ in 2021 prices per US$ of GDP compare
- 95 Oman 2.08 international-$ in 2021 prices per US$ of GDP compare
- 96 Yemen 2.03 international-$ in 2021 prices per US$ of GDP compare
- 98 Honduras 2 international-$ in 2021 prices per US$ of GDP compare
- 99 Palestine 1.99 international-$ in 2021 prices per US$ of GDP compare
- 100 Cape Verde 1.98 international-$ in 2021 prices per US$ of GDP 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is gross domestic product (gdp), per unit of gdp in Venezuela?
- Gross domestic product (gdp), per unit of gdp in Venezuela was 2.03 international-$ in 2021 prices per US$ of GDP in 2014, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Venezuela?
- The highest recorded value was 11.23 international-$ in 2021 prices per US$ of GDP in 1970.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Venezuela?
- The lowest recorded value was 1.5 international-$ in 2021 prices per US$ of GDP in 2009.
- How does Venezuela rank for gross domestic product (gdp), per unit of gdp?
- Venezuela ranks 97th out of 180 countries with data for 2014.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Venezuela?
- Over the last ten years it is down 17.7%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.