Gross Fixed Capital Formation — Value US$, 2015 prices in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Gross Fixed Capital Formation — Value US$, 2015 prices was 5,131 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Venezuela (Bolivarian Republic of), 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Venezuela (Bolivarian Republic of) recorded 5,131 million USD for gross fixed capital formation — value us$, 2015 prices in 2024. That is the lowest value across all 55 years on record.
The figure is down 35.6% on the previous year and down 94.9% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Venezuela (Bolivarian Republic of) peaked at 133,610 million USD in 2012 and was at its lowest, 5,131 million USD, in 2024.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Venezuela (Bolivarian Republic of), year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 38,636 million USD | — |
| 1971 | 43,347 million USD | +12.2% |
| 1972 | 49,836 million USD | +15.0% |
| 1973 | 54,516 million USD | +9.4% |
| 1974 | 53,167 million USD | -2.5% |
| 1975 | 66,802 million USD | +25.6% |
| 1976 | 85,823 million USD | +28.5% |
| 1977 | 110,670 million USD | +29.0% |
| 1978 | 115,080 million USD | +4.0% |
| 1979 | 92,018 million USD | -20.0% |
| 1980 | 78,658 million USD | -14.5% |
| 1981 | 81,020 million USD | +3.0% |
| 1982 | 77,996 million USD | -3.7% |
| 1983 | 57,454 million USD | -26.3% |
| 1984 | 46,616 million USD | -18.9% |
| 1985 | 49,664 million USD | +6.5% |
| 1986 | 54,062 million USD | +8.9% |
| 1987 | 54,344 million USD | +0.5% |
| 1988 | 59,166 million USD | +8.9% |
| 1989 | 44,077 million USD | -25.5% |
| 1990 | 41,433 million USD | -6.0% |
| 1991 | 56,160 million USD | +35.5% |
| 1992 | 72,623 million USD | +29.3% |
| 1993 | 68,378 million USD | -5.8% |
| 1994 | 56,007 million USD | -18.1% |
| 1995 | 56,454 million USD | +0.8% |
| 1996 | 52,909 million USD | -6.3% |
| 1997 | 65,545 million USD | +23.9% |
| 1998 | 69,157 million USD | +5.5% |
| 1999 | 58,405 million USD | -15.5% |
| 2000 | 59,932 million USD | +2.6% |
| 2001 | 68,194 million USD | +13.8% |
| 2002 | 55,676 million USD | -18.4% |
| 2003 | 35,060 million USD | -37.0% |
| 2004 | 52,498 million USD | +49.7% |
| 2005 | 72,666 million USD | +38.4% |
| 2006 | 93,944 million USD | +29.3% |
| 2007 | 118,012 million USD | +25.6% |
| 2008 | 120,883 million USD | +2.4% |
| 2009 | 110,793 million USD | -8.3% |
| 2010 | 103,819 million USD | -6.3% |
| 2011 | 108,358 million USD | +4.4% |
| 2012 | 133,610 million USD | +23.3% |
| 2013 | 121,539 million USD | -9.0% |
| 2014 | 100,985 million USD | -16.9% |
| 2015 | 80,400 million USD | -20.4% |
| 2016 | 44,101 million USD | -45.1% |
| 2017 | 24,136 million USD | -45.3% |
| 2018 | 15,077 million USD | -37.5% |
| 2019 | 10,746 million USD | -28.7% |
| 2020 | 7,514 million USD | -30.1% |
| 2021 | 7,287 million USD | -3.0% |
| 2022 | 7,704 million USD | +5.7% |
| 2023 | 7,962 million USD | +3.3% |
| 2024 | 5,131 million USD | -35.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 70,989 million USD | 38,636 million USD | 115,080 million USD | 10 |
| 1980s | 60,306 million USD | 44,077 million USD | 81,020 million USD | 10 |
| 1990s | 59,707 million USD | 41,433 million USD | 72,623 million USD | 10 |
| 2000s | 78,766 million USD | 35,060 million USD | 120,883 million USD | 10 |
| 2010s | 74,277 million USD | 10,746 million USD | 133,610 million USD | 10 |
| 2020s | 7,119 million USD | 5,131 million USD | 7,962 million USD | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 11 Australia 399,804 million USD compare
- 11 Syrian Arab Republic 7,348 million USD compare
- 12 Indonesia 390,633 million USD compare
- 12 Melanesia 6,546 million USD compare
- 13 Lao People's Democratic Republic 6,487 million USD compare
- 13 Russian Federation 387,507 million USD compare
- 14 Canada 375,620 million USD compare
- 15 Brazil 351,696 million USD compare
- 15 Polynesia 1,746 million USD compare
- 16 Mexico 320,400 million USD compare
- 16 Republic of Moldova 407.96 million USD compare
- 17 Spain 275,397 million USD compare
- 17 Micronesia 350.6 million USD compare
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 4.86 % (2024)
- Gross Domestic Product — Annual growth US$, 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 — Share of GDP US$ 8.17 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -35.55 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local -35.55 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 5.01 % (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Venezuela (Bolivarian Republic of)?
- Gross fixed capital formation — value us$, 2015 prices in Venezuela (Bolivarian Republic of) was 5,131 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 133,610 million USD in 2012.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 5,131 million USD in 2024.
- How does Venezuela (Bolivarian Republic of) rank for gross fixed capital formation — value us$, 2015 prices?
- Venezuela (Bolivarian Republic of) ranks 14th out of 19 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is down 94.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 2015 prices. 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).