Gross Domestic Product — Value US$, 2015 prices in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Gross Domestic Product — Value US$, 2015 prices was 105,555 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Venezuela (Bolivarian Republic of), 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Venezuela (Bolivarian Republic of) recorded 105,555 million USD for gross domestic product — value us$, 2015 prices in 2024.
That represents a change of down 4.9% on the previous year and down 71.2% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Venezuela (Bolivarian Republic of) peaked at 381,312 million USD in 2013 and was at its lowest, 97,794 million USD, in 2020.
Venezuela (Bolivarian Republic of) ranks 8th of 20 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Venezuela (Bolivarian Republic of), year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 128,178 million USD | — |
| 1971 | 132,112 million USD | +3.1% |
| 1972 | 136,419 million USD | +3.3% |
| 1973 | 144,948 million USD | +6.3% |
| 1974 | 153,740 million USD | +6.1% |
| 1975 | 163,066 million USD | +6.1% |
| 1976 | 177,372 million USD | +8.8% |
| 1977 | 189,296 million USD | +6.7% |
| 1978 | 193,340 million USD | +2.1% |
| 1979 | 195,925 million USD | +1.3% |
| 1980 | 192,028 million USD | -2.0% |
| 1981 | 191,446 million USD | -0.3% |
| 1982 | 192,757 million USD | +0.7% |
| 1983 | 181,925 million USD | -5.6% |
| 1984 | 179,462 million USD | -1.4% |
| 1985 | 179,811 million USD | +0.2% |
| 1986 | 191,520 million USD | +6.5% |
| 1987 | 198,376 million USD | +3.6% |
| 1988 | 209,926 million USD | +5.8% |
| 1989 | 191,936 million USD | -8.6% |
| 1990 | 204,350 million USD | +6.5% |
| 1991 | 224,232 million USD | +9.7% |
| 1992 | 237,822 million USD | +6.1% |
| 1993 | 238,478 million USD | +0.3% |
| 1994 | 232,871 million USD | -2.4% |
| 1995 | 242,074 million USD | +4.0% |
| 1996 | 241,596 million USD | -0.2% |
| 1997 | 256,988 million USD | +6.4% |
| 1998 | 257,747 million USD | +0.3% |
| 1999 | 242,356 million USD | -6.0% |
| 2000 | 251,289 million USD | +3.7% |
| 2001 | 259,818 million USD | +3.4% |
| 2002 | 236,811 million USD | -8.9% |
| 2003 | 218,448 million USD | -7.8% |
| 2004 | 258,391 million USD | +18.3% |
| 2005 | 285,056 million USD | +10.3% |
| 2006 | 313,197 million USD | +9.9% |
| 2007 | 340,610 million USD | +8.8% |
| 2008 | 358,587 million USD | +5.3% |
| 2009 | 347,104 million USD | -3.2% |
| 2010 | 341,939 million USD | -1.5% |
| 2011 | 356,215 million USD | +4.2% |
| 2012 | 376,257 million USD | +5.6% |
| 2013 | 381,312 million USD | +1.3% |
| 2014 | 366,460 million USD | -3.9% |
| 2015 | 343,661 million USD | -6.2% |
| 2016 | 285,098 million USD | -17.0% |
| 2017 | 240,420 million USD | -15.7% |
| 2018 | 193,248 million USD | -19.6% |
| 2019 | 139,691 million USD | -27.7% |
| 2020 | 97,794 million USD | -30.0% |
| 2021 | 98,768 million USD | +1.0% |
| 2022 | 106,672 million USD | +8.0% |
| 2023 | 110,943 million USD | +4.0% |
| 2024 | 105,555 million USD | -4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 161,440 million USD | 128,178 million USD | 195,925 million USD | 10 |
| 1980s | 190,919 million USD | 179,462 million USD | 209,926 million USD | 10 |
| 1990s | 237,851 million USD | 204,350 million USD | 257,747 million USD | 10 |
| 2000s | 286,931 million USD | 218,448 million USD | 358,587 million USD | 10 |
| 2010s | 302,430 million USD | 139,691 million USD | 381,312 million USD | 10 |
| 2020s | 103,946 million USD | 97,794 million USD | 110,943 million USD | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 5 Iran (Islamic Republic of) 539,507 million USD compare
- 5 United Kingdom of Great Britain and Northern Ireland 3.27 million million USD compare
- 6 France 2.70 million million USD compare
- 6 Viet Nam 404,124 million USD compare
- 7 Brazil 2.03 million million USD compare
- 8 Italy 2.03 million million USD compare
- 9 Republic of Korea 1.91 million million USD compare
- 9 United Republic of Tanzania 80,605 million USD compare
- 10 Canada 1.81 million million USD compare
- 10 Democratic Republic of the Congo 60,632 million USD compare
- 11 Australia and New Zealand 1.74 million million USD compare
- 11 Melanesia 43,564 million USD compare
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 4.86 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices -5.21 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 161,016 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 14,501 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 0 million SLC (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 5,131 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 8.17 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -35.55 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local -35.55 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 5.01 % (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Venezuela (Bolivarian Republic of)?
- Gross domestic product — value us$, 2015 prices in Venezuela (Bolivarian Republic of) was 105,555 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 381,312 million USD in 2013.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 97,794 million USD in 2020.
- How does Venezuela (Bolivarian Republic of) rank for gross domestic product — value us$, 2015 prices?
- Venezuela (Bolivarian Republic of) ranks 8th out of 20 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 71.2%. The long-run trend across the full record is rising.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).