Gross Fixed Capital Formation — Value US$ in Venezuela (Bolivarian Republic of)

Venezuela (Bolivarian Republic of): Gross Fixed Capital Formation — Value US$ was 14,501 million USD in 2024. ◆ Volatile

Latest (2024)
14,501 million USD
Change on year
down 17.9%
Rank
10th
of 19 groups
All-time high
82,506 million USD
in 2013
All-time low
4,773 million USD
in 1970
Years of data
55
1970–2024

Gross Fixed Capital Formation — Value US$ in Venezuela (Bolivarian Republic of), 1970–2024

020.0k40.0k60.0k80.0k197019972024

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

Venezuela (Bolivarian Republic of) recorded 14,501 million USD for gross fixed capital formation — value us$ in 2024.

The figure is down 17.9% on the previous year and down 81.5% over ten years.

Over the whole period, gross fixed capital formation — value us$ in Venezuela (Bolivarian Republic of) peaked at 82,506 million USD in 2013 and was at its lowest, 4,773 million USD, in 1970.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Fixed Capital Formation — Value US$ in Venezuela (Bolivarian Republic of), year by year

Annual values for Gross Fixed Capital Formation — Value US$ in Venezuela (Bolivarian Republic of), 1970 to 2024.
Year million USD Change
1970 4,773 million USD
1971 5,455 million USD +14.3%
1972 6,512 million USD +19.4%
1973 7,674 million USD +17.9%
1974 8,837 million USD +15.2%
1975 12,791 million USD +44.7%
1976 17,674 million USD +38.2%
1977 25,116 million USD +42.1%
1978 29,767 million USD +18.5%
1979 27,209 million USD -8.6%
1980 26,744 million USD -1.7%
1981 29,070 million USD +8.7%
1982 29,070 million USD +0.0%
1983 23,023 million USD -20.8%
1984 12,684 million USD -44.9%
1985 14,133 million USD +11.4%
1986 16,206 million USD +14.7%
1987 13,448 million USD -17.0%
1988 18,069 million USD +34.4%
1989 9,685 million USD -46.4%
1990 9,042 million USD -6.6%
1991 12,776 million USD +41.3%
1992 17,051 million USD +33.5%
1993 15,797 million USD -7.4%
1994 13,694 million USD -13.3%
1995 16,778 million USD +22.5%
1996 14,645 million USD -12.7%
1997 21,869 million USD +49.3%
1998 26,096 million USD +19.3%
1999 23,225 million USD -11.0%
2000 24,620 million USD +6.0%
2001 29,561 million USD +20.1%
2002 20,366 million USD -31.1%
2003 12,922 million USD -36.6%
2004 20,621 million USD +59.6%
2005 29,539 million USD +43.2%
2006 40,979 million USD +38.7%
2007 57,645 million USD +40.7%
2008 69,752 million USD +21.0%
2009 77,511 million USD +11.1%
2010 73,574 million USD -5.1%
2011 56,117 million USD -23.7%
2012 77,440 million USD +38.0%
2013 82,506 million USD +6.5%
2014 78,513 million USD -4.8%
2015 80,400 million USD +2.4%
2016 38,804 million USD -51.7%
2017 40,670 million USD +4.8%
2018 23,999 million USD -41.0%
2019 24,783 million USD +3.3%
2020 21,614 million USD -12.8%
2021 21,875 million USD +1.2%
2022 17,584 million USD -19.6%
2023 17,671 million USD +0.5%
2024 14,501 million USD -17.9%

Averages by decade

DecadeAverage LowestHighest Years
1970s 14,581 million USD 4,773 million USD 29,767 million USD 10
1980s 19,213 million USD 9,685 million USD 29,070 million USD 10
1990s 17,097 million USD 9,042 million USD 26,096 million USD 10
2000s 38,352 million USD 12,922 million USD 77,511 million USD 10
2010s 57,681 million USD 23,999 million USD 82,506 million USD 10
2020s 18,649 million USD 14,501 million USD 21,875 million USD 5

Countries ranked near Venezuela (Bolivarian Republic of)

  1. 7 Republic of Korea 599,124 million USD compare
  2. 8 Australia and New Zealand 529,563 million USD compare
  3. 9 Democratic Republic of the Congo 23,541 million USD compare
  4. 9 Italy 523,201 million USD compare
  5. 10 Canada 500,302 million USD compare
  6. 11 Russian Federation 471,135 million USD compare
  7. 12 Australia 464,153 million USD compare
  8. 13 Mexico 447,709 million USD compare

See the full ranking of 251 places →

More economy & growth data for Venezuela (Bolivarian Republic of)

All data for Venezuela (Bolivarian Republic of) →

Frequently asked questions

What is gross fixed capital formation — value us$ in Venezuela (Bolivarian Republic of)?
Gross fixed capital formation — value us$ in Venezuela (Bolivarian Republic of) was 14,501 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
What is the highest gross fixed capital formation — value us$ recorded in Venezuela (Bolivarian Republic of)?
The highest recorded value was 82,506 million USD in 2013.
What is the lowest gross fixed capital formation — value us$ recorded in Venezuela (Bolivarian Republic of)?
The lowest recorded value was 4,773 million USD in 1970.
How does Venezuela (Bolivarian Republic of) rank for gross fixed capital formation — value us$?
Venezuela (Bolivarian Republic of) ranks 10th out of 19 groups with data for 2024.
Is gross fixed capital formation — value us$ rising or falling in Venezuela (Bolivarian Republic of)?
Over the last ten years it is down 81.5%. 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$. Statizoid updates them automatically from the source API.

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Gross Fixed Capital Formation — Value US$ in Venezuela (Bolivarian Republic of). Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 02 September 2026, from https://economy.statizoid.com/stat/gross-fixed-capital-formation-value-us/venezuela-bolivarian-republic-of/

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About this data

Indicator
Gross Fixed Capital Formation — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
251 places, 12,844 data points, 1970–2024
Last refreshed

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).