Gross Fixed Capital … Deflator Standard Local Currency in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Gross Fixed Capital … Deflator Standard Local Currency was 13.42 trillion SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation Deflator — Value Standard Local in Venezuela (Bolivarian Republic of), 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
Venezuela (Bolivarian Republic of) recorded 13.42 trillion SLC for gross fixed capital formation deflator — value standard local in 2024. That is the highest value across all 55 years on record.
The figure is up 62.9% on the previous year and up 48,349,700,000,000.0% over ten years.
Over the whole period, gross fixed capital formation deflator — value standard local in Venezuela (Bolivarian Republic of) peaked at 13.42 trillion SLC in 2024 and was at its lowest, 0.0023 SLC, in 1970.
Venezuela (Bolivarian Republic of) ranks 1st of 208 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 Fixed Capital … Deflator Standard Local Currency in Venezuela (Bolivarian Republic of), year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 0.0023 SLC | — |
| 1971 | 0.0024 SLC | +1.9% |
| 1972 | 0.0024 SLC | +1.5% |
| 1973 | 0.0026 SLC | +7.7% |
| 1974 | 0.0031 SLC | +18.1% |
| 1975 | 0.0035 SLC | +15.2% |
| 1976 | 0.0038 SLC | +7.6% |
| 1977 | 0.0042 SLC | +10.2% |
| 1978 | 0.0048 SLC | +14.0% |
| 1979 | 0.0054 SLC | +14.3% |
| 1980 | 0.0063 SLC | +15.0% |
| 1981 | 0.0066 SLC | +5.5% |
| 1982 | 0.0069 SLC | +3.9% |
| 1983 | 0.0074 SLC | +7.5% |
| 1984 | 0.0082 SLC | +10.8% |
| 1985 | 0.0091 SLC | +11.8% |
| 1986 | 0.0104 SLC | +13.5% |
| 1987 | 0.0153 SLC | +48.1% |
| 1988 | 0.0189 SLC | +23.4% |
| 1989 | 0.0326 SLC | +72.1% |
| 1990 | 0.0438 SLC | +34.2% |
| 1991 | 0.0553 SLC | +26.3% |
| 1992 | 0.0687 SLC | +24.2% |
| 1993 | 0.0897 SLC | +30.7% |
| 1994 | 0.1535 SLC | +71.1% |
| 1995 | 0.2247 SLC | +46.4% |
| 1996 | 0.494 SLC | +119.8% |
| 1997 | 0.6971 SLC | +41.1% |
| 1998 | 0.8835 SLC | +26.7% |
| 1999 | 1.03 SLC | +16.6% |
| 2000 | 1.19 SLC | +16.0% |
| 2001 | 1.34 SLC | +12.3% |
| 2002 | 1.82 SLC | +35.4% |
| 2003 | 2.53 SLC | +39.5% |
| 2004 | 3.18 SLC | +25.4% |
| 2005 | 3.63 SLC | +14.3% |
| 2006 | 4 SLC | +10.2% |
| 2007 | 4.48 SLC | +12.0% |
| 2008 | 5.3 SLC | +18.1% |
| 2009 | 6.42 SLC | +21.2% |
| 2010 | 7.82 SLC | +21.8% |
| 2011 | 9.5 SLC | +21.4% |
| 2012 | 10.63 SLC | +11.9% |
| 2013 | 17.56 SLC | +65.1% |
| 2014 | 27.75 SLC | +58.1% |
| 2015 | 100 SLC | +260.3% |
| 2016 | 367.21 SLC | +267.2% |
| 2017 | 5,859 SLC | +1495.5% |
| 2018 | 9.13 million SLC | +155786.1% |
| 2019 | 2.76 billion SLC | +30173.8% |
| 2020 | 69.25 billion SLC | +2404.6% |
| 2021 | 900.85 billion SLC | +1200.8% |
| 2022 | 2.02 trillion SLC | +124.2% |
| 2023 | 8.24 trillion SLC | +307.7% |
| 2024 | 13.42 trillion SLC | +62.9% |
Biggest year-on-year movements
Years where Gross Fixed Capital … Deflator Standard Local Currency 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 |
|---|---|---|---|
| 2018 | +155786.1% | 5,859 SLC | 9.13 million SLC |
| 2019 | +30173.8% | 9.13 million SLC | 2.76 billion SLC |
| 2020 | +2404.6% | 2.76 billion SLC | 69.25 billion SLC |
| 2017 | +1495.5% | 367.21 SLC | 5,859 SLC |
| 2021 | +1200.8% | 69.25 billion SLC | 900.85 billion SLC |
| 2023 | +307.7% | 2.02 trillion SLC | 8.24 trillion SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0034 SLC | 0.0023 SLC | 0.0054 SLC | 10 |
| 1980s | 0.0122 SLC | 0.0063 SLC | 0.0326 SLC | 10 |
| 1990s | 0.374 SLC | 0.0438 SLC | 1.03 SLC | 10 |
| 2000s | 3.39 SLC | 1.19 SLC | 6.42 SLC | 10 |
| 2010s | 277.41 million SLC | 7.82 SLC | 2.76 billion SLC | 10 |
| 2020s | 4.93 trillion SLC | 69.25 billion SLC | 13.42 trillion SLC | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Domestic Product — Value US$, annual growth rate 27.32 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency 1.97 million million SLC (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth -35.55 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 -50 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -17.94 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 5.01 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate -4.86 % 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 US$, 2015 prices 27.34 % change on previous year (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 71.24 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation deflator — value standard local in Venezuela (Bolivarian Republic of)?
- Gross fixed capital formation deflator — value standard local in Venezuela (Bolivarian Republic of) was 13.42 trillion SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation deflator — value standard local recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 13.42 trillion SLC in 2024.
- What is the lowest gross fixed capital formation deflator — value standard local recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 0.0023 SLC in 1970.
- How does Venezuela (Bolivarian Republic of) rank for gross fixed capital formation deflator — value standard local?
- Venezuela (Bolivarian Republic of) ranks 1st out of 208 countries with data for 2024.
- Is gross fixed capital formation deflator — value standard local rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is up 48,349,700,000,000.0%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).