Gross Domestic Product — Value Standard Local Currency, annual growth in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Gross Domestic Product — Value Standard Local Currency, annual growth was 62.93 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Venezuela (Bolivarian Republic of), 1999–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, annual growth in Venezuela (Bolivarian Republic of) stood at 62.93 % change on previous year.
That represents a change of down 82.1% on the previous year and up 73.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Venezuela (Bolivarian Republic of) peaked at 614.95 % change on previous year in 2017 and was at its lowest, 0 % change on previous year, in 1999.
That places Venezuela (Bolivarian Republic of) 6th out of 218 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Venezuela (Bolivarian Republic of), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1999 | 0 % change on previous year | — |
| 2000 | 0 % change on previous year | — |
| 2001 | 0 % change on previous year | — |
| 2002 | 0 % change on previous year | — |
| 2003 | 0 % change on previous year | — |
| 2004 | 100 % change on previous year | — |
| 2005 | 50 % change on previous year | -50.0% |
| 2006 | 33.33 % change on previous year | -33.3% |
| 2007 | 25 % change on previous year | -25.0% |
| 2008 | 40 % change on previous year | +60.0% |
| 2009 | 0 % change on previous year | -100.0% |
| 2010 | 42.86 % change on previous year | — |
| 2011 | 40 % change on previous year | -6.7% |
| 2012 | 14.29 % change on previous year | -64.3% |
| 2013 | 37.5 % change on previous year | +162.5% |
| 2014 | 36.36 % change on previous year | -3.0% |
| 2015 | 166.67 % change on previous year | +358.3% |
| 2016 | 251.25 % change on previous year | +50.7% |
| 2017 | 614.95 % change on previous year | +144.8% |
| 2022 | 241.23 % change on previous year | -60.8% |
| 2023 | 351.72 % change on previous year | +45.8% |
| 2024 | 62.93 % change on previous year | -82.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 % change on previous year | 0 % change on previous year | 0 % change on previous year | 1 |
| 2000s | 24.83 % change on previous year | 0 % change on previous year | 100 % change on previous year | 10 |
| 2010s | 150.48 % change on previous year | 14.29 % change on previous year | 614.95 % change on previous year | 8 |
| 2020s | 218.62 % change on previous year | 62.93 % change on previous year | 351.72 % change on previous year | 3 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 3 Sudan 197.3 % change on previous year compare
- 4 South Sudan 81.75 % change on previous year compare
- 5 Turkey 63.53 % change on previous year compare
- 7 Guyana 46.8 % change on previous year compare
- 8 Iran (Islamic Republic of) 38.33 % change on previous year compare
- 9 Egypt 36.9 % change on previous year compare
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$, annual growth rate -17.94 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 5.01 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices -3.85 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 62.95 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices 27.34 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 27.32 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Venezuela (Bolivarian Republic of)?
- Gross domestic product — value standard local currency, annual growth in Venezuela (Bolivarian Republic of) was 62.93 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 614.95 % change on previous year in 2017.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 0 % change on previous year in 1999.
- How does Venezuela (Bolivarian Republic of) rank for gross domestic product — value standard local currency, annual growth?
- Venezuela (Bolivarian Republic of) ranks 6th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is up 73.0%. 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, 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. 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 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. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.