Gross savings in Venezuela
Venezuela: Gross savings was 28.49 billion current US$ in 2016. ◆ Volatile
Gross savings in Venezuela, 1970–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Venezuela recorded 28.49 billion current US$ for gross savings in 2016.
That represents a change of down 33.7% on the previous year and down 84.4% over ten years.
Over the whole period, gross savings in Venezuela peaked at 387.44 billion current US$ in 2010 and was at its lowest, 2.81 billion current US$, in 1983.
Venezuela ranks 63rd of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 2.82 billion current US$ | — |
| 1971 | 3.06 billion current US$ | +8.5% |
| 1972 | 3.23 billion current US$ | +5.6% |
| 1973 | 4.42 billion current US$ | +36.9% |
| 1974 | 10.23 billion current US$ | +131.4% |
| 1975 | 8.51 billion current US$ | -16.8% |
| 1976 | 8.55 billion current US$ | +0.5% |
| 1977 | 9.08 billion current US$ | +6.1% |
| 1978 | 7.73 billion current US$ | -14.8% |
| 1979 | 11.44 billion current US$ | +48.0% |
| 1980 | 14.34 billion current US$ | +25.3% |
| 1981 | 13.25 billion current US$ | -7.6% |
| 1982 | 8.20 billion current US$ | -38.1% |
| 1983 | 2.81 billion current US$ | -65.8% |
| 1984 | 16.31 billion current US$ | +481.4% |
| 1985 | 16.23 billion current US$ | -0.5% |
| 1986 | 11.89 billion current US$ | -26.7% |
| 1987 | 11.52 billion current US$ | -3.1% |
| 1988 | 12.28 billion current US$ | +6.6% |
| 1989 | 9.70 billion current US$ | -21.0% |
| 1990 | 14.36 billion current US$ | +48.1% |
| 1991 | 52.49 billion current US$ | +265.4% |
| 1992 | 58.30 billion current US$ | +11.1% |
| 1993 | 57.95 billion current US$ | -0.6% |
| 1994 | 56.45 billion current US$ | -2.6% |
| 1995 | 75.56 billion current US$ | +33.8% |
| 1996 | 68.96 billion current US$ | -8.7% |
| 1997 | 83.28 billion current US$ | +20.8% |
| 1998 | 88.64 billion current US$ | +6.4% |
| 1999 | 96.44 billion current US$ | +8.8% |
| 2000 | 115.58 billion current US$ | +19.8% |
| 2001 | 120.73 billion current US$ | +4.5% |
| 2002 | 89.99 billion current US$ | -25.5% |
| 2003 | 81.45 billion current US$ | -9.5% |
| 2004 | 108.89 billion current US$ | +33.7% |
| 2005 | 143.25 billion current US$ | +31.6% |
| 2006 | 182.40 billion current US$ | +27.3% |
| 2007 | 232.06 billion current US$ | +27.2% |
| 2008 | 315.70 billion current US$ | +36.0% |
| 2009 | 326.47 billion current US$ | +3.4% |
| 2010 | 387.44 billion current US$ | +18.7% |
| 2011 | 307.69 billion current US$ | -20.6% |
| 2012 | 106.12 billion current US$ | -65.5% |
| 2013 | 66.36 billion current US$ | -37.5% |
| 2014 | 83.93 billion current US$ | +26.5% |
| 2015 | 43.00 billion current US$ | -48.8% |
| 2016 | 28.49 billion current US$ | -33.7% |
Venezuela compared with similar countries
- Venezuela's 28.49 billion current US$ is above the median for lower middle income countries, which is 4.69 billion current US$, 6.1× the median. (45 countries reporting)
- Venezuela's 28.49 billion current US$ is above the median for Latin America & Caribbean, which is 13.25 billion current US$, 2.2× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | +481.4% | 2.81 billion current US$ | 16.31 billion current US$ |
| 1991 | +265.4% | 14.36 billion current US$ | 52.49 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.91 billion current US$ | 2.82 billion current US$ | 11.44 billion current US$ | 10 |
| 1980s | 11.65 billion current US$ | 2.81 billion current US$ | 16.31 billion current US$ | 10 |
| 1990s | 65.24 billion current US$ | 14.36 billion current US$ | 96.44 billion current US$ | 10 |
| 2000s | 171.65 billion current US$ | 81.45 billion current US$ | 326.47 billion current US$ | 10 |
| 2010s | 146.15 billion current US$ | 28.49 billion current US$ | 387.44 billion current US$ | 7 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.36 Percent per annum (2025)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.19 Percent per annum (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0216 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 91.64 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.45 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0135 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 57.47 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is gross savings in Venezuela?
- Gross savings in Venezuela was 28.49 billion current US$ in 2016, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Venezuela?
- The highest recorded value was 387.44 billion current US$ in 2010.
- What is the lowest gross savings recorded in Venezuela?
- The lowest recorded value was 2.81 billion current US$ in 1983.
- How does Venezuela rank for gross savings?
- Venezuela ranks 63rd out of 178 countries with data for 2016.
- Is gross savings rising or falling in Venezuela?
- Over the last ten years it is down 84.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.