Gross Domestic Product — Value Standard Local Currency, 2015 prices in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Gross Domestic Product — Value Standard Local Currency, 2015 prices was -3.85 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Venezuela (Bolivarian Republic of), 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Venezuela (Bolivarian Republic of) is -3.85 % change on previous year, measured in 2024.
The figure is down 196.2% on the previous year and down 14.1% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Venezuela (Bolivarian Republic of) peaked at 17.65 % change on previous year in 2004 and was at its lowest, -30.3 % change on previous year, in 2020.
Venezuela (Bolivarian Republic of) ranks 217th of 223 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Venezuela (Bolivarian Republic of), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 3.33 % change on previous year | — |
| 1972 | 3.23 % change on previous year | -3.2% |
| 1973 | 6.25 % change on previous year | +93.7% |
| 1974 | 5.88 % change on previous year | -5.9% |
| 1975 | 5.56 % change on previous year | -5.6% |
| 1976 | 7.89 % change on previous year | +42.1% |
| 1977 | 7.32 % change on previous year | -7.3% |
| 1978 | 2.27 % change on previous year | -68.9% |
| 1979 | 2.22 % change on previous year | -2.2% |
| 1980 | -2.17 % change on previous year | -197.8% |
| 1981 | 0 % change on previous year | -100.0% |
| 1982 | 0 % change on previous year | — |
| 1983 | -4.44 % change on previous year | — |
| 1984 | -2.33 % change on previous year | -47.7% |
| 1985 | 0 % change on previous year | -100.0% |
| 1986 | 7.14 % change on previous year | — |
| 1987 | 2.22 % change on previous year | -68.9% |
| 1988 | 6.52 % change on previous year | +193.5% |
| 1989 | -8.16 % change on previous year | -225.2% |
| 1990 | 6.67 % change on previous year | -181.7% |
| 1991 | 8.33 % change on previous year | +25.0% |
| 1992 | 7.69 % change on previous year | -7.7% |
| 1993 | 0 % change on previous year | -100.0% |
| 1994 | -3.57 % change on previous year | — |
| 1995 | 5.56 % change on previous year | -255.6% |
| 1996 | 0 % change on previous year | -100.0% |
| 1997 | 5.26 % change on previous year | — |
| 1998 | 0 % change on previous year | -100.0% |
| 1999 | -5 % change on previous year | — |
| 2000 | 3.51 % change on previous year | -170.2% |
| 2001 | 3.39 % change on previous year | -3.4% |
| 2002 | -9.84 % change on previous year | -390.2% |
| 2003 | -7.27 % change on previous year | -26.1% |
| 2004 | 17.65 % change on previous year | -342.6% |
| 2005 | 11.67 % change on previous year | -33.9% |
| 2006 | 8.96 % change on previous year | -23.2% |
| 2007 | 9.59 % change on previous year | +7.1% |
| 2008 | 5 % change on previous year | -47.9% |
| 2009 | -3.57 % change on previous year | -171.4% |
| 2010 | -1.23 % change on previous year | -65.4% |
| 2011 | 3.75 % change on previous year | -403.7% |
| 2012 | 6.02 % change on previous year | +60.6% |
| 2013 | 1.14 % change on previous year | -81.1% |
| 2014 | -3.37 % change on previous year | -396.6% |
| 2015 | -6.98 % change on previous year | +107.0% |
| 2016 | -16.25 % change on previous year | +132.9% |
| 2017 | -16.42 % change on previous year | +1.0% |
| 2018 | -19.64 % change on previous year | +19.6% |
| 2019 | -26.67 % change on previous year | +35.8% |
| 2020 | -30.3 % change on previous year | +13.6% |
| 2021 | 0 % change on previous year | -100.0% |
| 2022 | 8.7 % change on previous year | — |
| 2023 | 4 % change on previous year | -54.0% |
| 2024 | -3.85 % change on previous year | -196.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.88 % change on previous year | 2.22 % change on previous year | 7.89 % change on previous year | 9 |
| 1980s | -0.122 % change on previous year | -8.16 % change on previous year | 7.14 % change on previous year | 10 |
| 1990s | 2.49 % change on previous year | -5 % change on previous year | 8.33 % change on previous year | 10 |
| 2000s | 3.91 % change on previous year | -9.84 % change on previous year | 17.65 % change on previous year | 10 |
| 2010s | -7.96 % change on previous year | -26.67 % change on previous year | 6.02 % change on previous year | 10 |
| 2020s | -4.29 % change on previous year | -30.3 % change on previous year | 8.7 % change on previous year | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate -4.86 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth -35.55 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency 1.97 million million SLC (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 -50 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -17.94 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 5.01 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 27.32 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 62.95 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 27.34 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 62.93 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Venezuela (Bolivarian Republic of)?
- Gross domestic product — value standard local currency, 2015 prices in Venezuela (Bolivarian Republic of) was -3.85 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 17.65 % change on previous year in 2004.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was -30.3 % change on previous year in 2020.
- How does Venezuela (Bolivarian Republic of) rank for gross domestic product — value standard local currency, 2015 prices?
- Venezuela (Bolivarian Republic of) ranks 217th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 14.1%. 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 — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.