Gross savings in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Gross savings was 25.2% in 2016. ◆ Volatile
Gross savings in Venezuela, Bolivarian Republic of, 1970–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2016, gross savings in Venezuela, Bolivarian Republic of stood at 25.2%.
That represents a change of down 26.5% on the previous year and down 74.6% over ten years.
Over the whole period, gross savings in Venezuela, Bolivarian Republic of peaked at 100.7% in 2007 and was at its lowest, 4.2%, in 1983.
That places Venezuela, Bolivarian Republic of 67th out of 178 countries with data for 2016, putting it 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, Bolivarian Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 24.4% | — |
| 1971 | 23.6% | -3.4% |
| 1972 | 23.1% | -1.9% |
| 1973 | 26.0% | +12.3% |
| 1974 | 39.2% | +51.0% |
| 1975 | 31.0% | -21.0% |
| 1976 | 27.2% | -12.1% |
| 1977 | 25.1% | -7.9% |
| 1978 | 19.7% | -21.5% |
| 1979 | 23.7% | +20.4% |
| 1980 | 24.2% | +2.4% |
| 1981 | 20.0% | -17.6% |
| 1982 | 12.1% | -39.4% |
| 1983 | 4.2% | -65.7% |
| 1984 | 27.2% | +556.1% |
| 1985 | 26.2% | -3.9% |
| 1986 | 19.6% | -25.0% |
| 1987 | 24.0% | +22.1% |
| 1988 | 20.4% | -15.0% |
| 1989 | 22.3% | +9.2% |
| 1990 | 29.6% | +32.7% |
| 1991 | 98.2% | +232.3% |
| 1992 | 96.5% | -1.7% |
| 1993 | 96.5% | +0.0% |
| 1994 | 96.6% | +0.1% |
| 1995 | 97.6% | +1.0% |
| 1996 | 97.8% | +0.1% |
| 1997 | 97.0% | -0.7% |
| 1998 | 97.0% | +0.0% |
| 1999 | 98.4% | +1.4% |
| 2000 | 98.7% | +0.2% |
| 2001 | 98.2% | -0.4% |
| 2002 | 96.9% | -1.4% |
| 2003 | 97.4% | +0.6% |
| 2004 | 96.8% | -0.6% |
| 2005 | 98.4% | +1.7% |
| 2006 | 99.4% | +1.0% |
| 2007 | 100.7% | +1.3% |
| 2008 | 99.9% | -0.8% |
| 2009 | 99.0% | -0.9% |
| 2010 | 98.5% | -0.5% |
| 2011 | 97.2% | -1.3% |
| 2012 | 28.5% | -70.6% |
| 2013 | 25.7% | -10.1% |
| 2014 | 39.1% | +52.2% |
| 2015 | 34.3% | -12.1% |
| 2016 | 25.2% | -26.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.3% | 19.7% | 39.2% | 10 |
| 1980s | 20.0% | 4.2% | 27.2% | 10 |
| 1990s | 90.5% | 29.6% | 98.4% | 10 |
| 2000s | 98.6% | 96.8% | 100.7% | 10 |
| 2010s | 49.8% | 25.2% | 98.5% | 7 |
Countries ranked near Venezuela, Bolivarian Republic of
More economy & growth data for Venezuela, Bolivarian Republic of
- 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)
- Imports of goods and services (constant 2015 US$), annual growth rate -16.88 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.0562 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 196.28 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -45.2 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 120.25 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual -100 % change on previous year (1991)
- Agriculture, forestry, and fishing, value added (current LCU), per 0 current LCU per US$ of GDP (2011)
- Agriculture, forestry, and fishing, value added (current LCU), per 0 current LCU per person (2011)
Frequently asked questions
- What is gross savings in Venezuela, Bolivarian Republic of?
- Gross savings in Venezuela, Bolivarian Republic of was 25.2% in 2016, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 100.7% in 2007.
- What is the lowest gross savings recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 4.2% in 1983.
- How does Venezuela, Bolivarian Republic of rank for gross savings?
- Venezuela, Bolivarian Republic of ranks 67th out of 178 countries with data for 2016.
- Is gross savings rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 74.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.