Gross Domestic Product — Value US$ per capita in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Gross Domestic Product — Value US$ per capita was 6,248 USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ per capita in Venezuela (Bolivarian Republic of), 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gross domestic product — value us$ per capita in Venezuela (Bolivarian Republic of) stood at 6,248 USD.
The figure is up 26.9% on the previous year and down 47.9% over ten years.
Over the whole period, gross domestic product — value us$ per capita in Venezuela (Bolivarian Republic of) peaked at 13,668 USD in 2010 and was at its lowest, 1,217 USD, in 1970.
Venezuela (Bolivarian Republic of) ranks 5th of 20 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ per capita in Venezuela (Bolivarian Republic of), year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 1,217 USD | — |
| 1971 | 1,297 USD | +6.5% |
| 1972 | 1,384 USD | +6.7% |
| 1973 | 1,605 USD | +16.0% |
| 1974 | 2,374 USD | +47.9% |
| 1975 | 2,428 USD | +2.3% |
| 1976 | 2,701 USD | +11.2% |
| 1977 | 3,022 USD | +11.9% |
| 1978 | 3,194 USD | +5.7% |
| 1979 | 3,809 USD | +19.3% |
| 1980 | 4,527 USD | +18.8% |
| 1981 | 4,951 USD | +9.4% |
| 1982 | 4,919 USD | -0.7% |
| 1983 | 4,774 USD | -2.9% |
| 1984 | 3,410 USD | -28.6% |
| 1985 | 3,436 USD | +0.8% |
| 1986 | 3,265 USD | -5.0% |
| 1987 | 2,527 USD | -22.6% |
| 1988 | 3,088 USD | +22.2% |
| 1989 | 2,142 USD | -30.6% |
| 1990 | 2,373 USD | +10.8% |
| 1991 | 2,547 USD | +7.4% |
| 1992 | 2,813 USD | +10.5% |
| 1993 | 2,734 USD | -2.8% |
| 1994 | 2,631 USD | -3.7% |
| 1995 | 3,374 USD | +28.2% |
| 1996 | 3,012 USD | -10.7% |
| 1997 | 3,711 USD | +23.2% |
| 1998 | 3,870 USD | +4.3% |
| 1999 | 4,071 USD | +5.2% |
| 2000 | 4,776 USD | +17.3% |
| 2001 | 4,920 USD | +3.0% |
| 2002 | 3,652 USD | -25.8% |
| 2003 | 3,226 USD | -11.7% |
| 2004 | 4,269 USD | +32.3% |
| 2005 | 5,432 USD | +27.3% |
| 2006 | 6,739 USD | +24.1% |
| 2007 | 8,332 USD | +23.6% |
| 2008 | 11,250 USD | +35.0% |
| 2009 | 11,584 USD | +3.0% |
| 2010 | 13,668 USD | +18.0% |
| 2011 | 10,844 USD | -20.7% |
| 2012 | 12,901 USD | +19.0% |
| 2013 | 12,414 USD | -3.8% |
| 2014 | 12,001 USD | -3.3% |
| 2015 | 11,240 USD | -6.3% |
| 2016 | 9,355 USD | -16.8% |
| 2017 | 8,083 USD | -13.6% |
| 2018 | 6,815 USD | -15.7% |
| 2019 | 5,158 USD | -24.3% |
| 2020 | 3,722 USD | -27.8% |
| 2021 | 3,960 USD | +6.4% |
| 2022 | 4,586 USD | +15.8% |
| 2023 | 4,925 USD | +7.4% |
| 2024 | 6,248 USD | +26.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2,303 USD | 1,217 USD | 3,809 USD | 10 |
| 1980s | 3,704 USD | 2,142 USD | 4,951 USD | 10 |
| 1990s | 3,114 USD | 2,373 USD | 4,071 USD | 10 |
| 2000s | 6,418 USD | 3,226 USD | 11,584 USD | 10 |
| 2010s | 10,248 USD | 5,158 USD | 13,668 USD | 10 |
| 2020s | 4,688 USD | 3,722 USD | 6,248 USD | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 2 Liechtenstein 211,271 USD compare
- 2 Türkiye 15,127 USD compare
- 3 Luxembourg 135,597 USD compare
- 3 Polynesia 13,983 USD compare
- 4 Bermuda 131,848 USD compare
- 5 Ireland 109,874 USD compare
- 6 Republic of Moldova 5,974 USD compare
- 6 Switzerland 104,973 USD compare
- 7 Cayman Islands 101,422 USD compare
- 7 Micronesia 5,055 USD compare
- 8 Iran (Islamic Republic of) 4,848 USD compare
- 8 Singapore 93,108 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$, 2015 prices -35.55 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local -35.55 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 5.01 % (2024)
Frequently asked questions
- What is gross domestic product — value us$ per capita in Venezuela (Bolivarian Republic of)?
- Gross domestic product — value us$ per capita in Venezuela (Bolivarian Republic of) was 6,248 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ per capita recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 13,668 USD in 2010.
- What is the lowest gross domestic product — value us$ per capita recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 1,217 USD in 1970.
- How does Venezuela (Bolivarian Republic of) rank for gross domestic product — value us$ per capita?
- Venezuela (Bolivarian Republic of) ranks 5th out of 20 countries with data for 2024.
- Is gross domestic product — value us$ per capita rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 47.9%. The long-run trend across the full record is volatile.
- 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$ per capita. Statizoid updates them automatically from the source API.
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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).