Gross Domestic Product — Value US$, annual growth rate in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Gross Domestic Product — Value US$, annual growth rate was 27.32 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Venezuela (Bolivarian Republic of), 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Venezuela (Bolivarian Republic of) recorded 27.32 % change on previous year for gross domestic product — value us$, annual growth rate in 2024.
That represents a change of up 252.7% on the previous year and up 1,330.0% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Venezuela (Bolivarian Republic of) peaked at 52.33 % change on previous year in 1974 and was at its lowest, -29.06 % change on previous year, in 2020.
Venezuela (Bolivarian Republic of) ranks 7th of 236 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Venezuela (Bolivarian Republic of), year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.84 % change on previous year | — |
| 1972 | 9.96 % change on previous year | +1.3% |
| 1973 | 19.44 % change on previous year | +95.2% |
| 1974 | 52.33 % change on previous year | +169.1% |
| 1975 | 5.34 % change on previous year | -89.8% |
| 1976 | 14.49 % change on previous year | +171.2% |
| 1977 | 15.19 % change on previous year | +4.8% |
| 1978 | 8.79 % change on previous year | -42.1% |
| 1979 | 22.73 % change on previous year | +158.5% |
| 1980 | 22.22 % change on previous year | -2.2% |
| 1981 | 12.46 % change on previous year | -43.9% |
| 1982 | 2.1 % change on previous year | -83.2% |
| 1983 | -0.2932 % change on previous year | -114.0% |
| 1984 | -26.64 % change on previous year | +8986.8% |
| 1985 | 3.44 % change on previous year | -112.9% |
| 1986 | -2.47 % change on previous year | -171.9% |
| 1987 | -20.56 % change on previous year | +731.1% |
| 1988 | 25.37 % change on previous year | -223.4% |
| 1989 | -28.87 % change on previous year | -213.8% |
| 1990 | 13.49 % change on previous year | -146.7% |
| 1991 | 9.94 % change on previous year | -26.4% |
| 1992 | 13.04 % change on previous year | +31.2% |
| 1993 | -0.6216 % change on previous year | -104.8% |
| 1994 | -1.61 % change on previous year | +159.5% |
| 1995 | 31.01 % change on previous year | -2022.6% |
| 1996 | -8.86 % change on previous year | -128.6% |
| 1997 | 25.76 % change on previous year | -390.7% |
| 1998 | 6.41 % change on previous year | -75.1% |
| 1999 | 7.27 % change on previous year | +13.4% |
| 2000 | 19.57 % change on previous year | +169.3% |
| 2001 | 4.92 % change on previous year | -74.9% |
| 2002 | -24.43 % change on previous year | -596.3% |
| 2003 | -10.08 % change on previous year | -58.7% |
| 2004 | 34.62 % change on previous year | -443.6% |
| 2005 | 29.4 % change on previous year | -15.1% |
| 2006 | 26.09 % change on previous year | -11.3% |
| 2007 | 25.55 % change on previous year | -2.0% |
| 2008 | 37 % change on previous year | +44.8% |
| 2009 | 4.38 % change on previous year | -88.2% |
| 2010 | 19.55 % change on previous year | +346.4% |
| 2011 | -19.63 % change on previous year | -200.5% |
| 2012 | 20.48 % change on previous year | -204.3% |
| 2013 | -2.61 % change on previous year | -112.7% |
| 2014 | -2.22 % change on previous year | -14.9% |
| 2015 | -5.35 % change on previous year | +140.9% |
| 2016 | -16.25 % change on previous year | +203.7% |
| 2017 | -14.16 % change on previous year | -12.9% |
| 2018 | -17.78 % change on previous year | +25.5% |
| 2019 | -26.52 % change on previous year | +49.2% |
| 2020 | -29.06 % change on previous year | +9.6% |
| 2021 | 5.61 % change on previous year | -119.3% |
| 2022 | 15.7 % change on previous year | +180.0% |
| 2023 | 7.75 % change on previous year | -50.7% |
| 2024 | 27.32 % change on previous year | +252.7% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Venezuela (Bolivarian Republic of) changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | -8986.8% | -0.2932 % change on previous year | -26.64 % change on previous year |
| 1995 | +2022.6% | -1.61 % change on previous year | 31.01 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 17.57 % change on previous year | 5.34 % change on previous year | 52.33 % change on previous year | 9 |
| 1980s | -1.33 % change on previous year | -28.87 % change on previous year | 25.37 % change on previous year | 10 |
| 1990s | 9.58 % change on previous year | -8.86 % change on previous year | 31.01 % change on previous year | 10 |
| 2000s | 14.7 % change on previous year | -24.43 % change on previous year | 37 % change on previous year | 10 |
| 2010s | -6.45 % change on previous year | -26.52 % change on previous year | 20.48 % change on previous year | 10 |
| 2020s | 5.46 % change on previous year | -29.06 % change on previous year | 27.32 % change on previous year | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 4 Suriname 36.44 % change on previous year compare
- 5 Sudan (former) 31.32 % change on previous year compare
- 6 Haiti 27.57 % change on previous year compare
- 8 Pakistan 26.61 % change on previous year compare
- 9 Afghanistan 23.89 % change on previous year compare
- 10 Sri Lanka 18.76 % change on previous year compare
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Domestic Product — Value US$, 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$, 2015 prices 27.34 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 62.93 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Venezuela (Bolivarian Republic of)?
- Gross domestic product — value us$, annual growth rate in Venezuela (Bolivarian Republic of) was 27.32 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 52.33 % change on previous year in 1974.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was -29.06 % change on previous year in 2020.
- How does Venezuela (Bolivarian Republic of) rank for gross domestic product — value us$, annual growth rate?
- Venezuela (Bolivarian Republic of) ranks 7th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is up 1,330.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.