Gross value added at basic prices (GVA) (constant LCU), annual growth in Venezuela
Venezuela: Gross value added at basic prices (GVA) (constant LCU), annual growth was -3.26 % change on previous year in 2014. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), annual growth in Venezuela, 1961–2014
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), annual growth in Venezuela is -3.26 % change on previous year, measured in 2014.
The figure is down 291.5% on the previous year and down 120.9% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth in Venezuela peaked at 15.62 % change on previous year in 2004 and was at its lowest, -13.07 % change on previous year, in 1989.
That places Venezuela 191st out of 195 countries with data for 2014, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant LCU), annual growth in Venezuela, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 2.14 % change on previous year | — |
| 1962 | 8.34 % change on previous year | +289.0% |
| 1963 | 3.22 % change on previous year | -61.4% |
| 1964 | 15.25 % change on previous year | +373.1% |
| 1965 | 4.73 % change on previous year | -69.0% |
| 1966 | 1.24 % change on previous year | -73.9% |
| 1967 | 2.92 % change on previous year | +136.5% |
| 1968 | 7.01 % change on previous year | +139.8% |
| 1969 | 0.604 % change on previous year | -91.4% |
| 1970 | 7.48 % change on previous year | +1137.8% |
| 1971 | 2.14 % change on previous year | -71.3% |
| 1972 | 1.76 % change on previous year | -17.7% |
| 1973 | 7.68 % change on previous year | +335.5% |
| 1974 | 2.66 % change on previous year | -65.3% |
| 1975 | 2.16 % change on previous year | -18.8% |
| 1976 | 8.12 % change on previous year | +275.6% |
| 1977 | 6.43 % change on previous year | -20.8% |
| 1978 | 2.94 % change on previous year | -54.3% |
| 1979 | 0.2679 % change on previous year | -90.9% |
| 1980 | -4.41 % change on previous year | -1745.9% |
| 1981 | -1.11 % change on previous year | -74.7% |
| 1982 | 2.25 % change on previous year | -301.7% |
| 1983 | -12.61 % change on previous year | -661.1% |
| 1984 | 6.76 % change on previous year | -153.6% |
| 1985 | 2.01 % change on previous year | -70.3% |
| 1986 | 6 % change on previous year | +198.7% |
| 1987 | 5.87 % change on previous year | -2.1% |
| 1988 | 6.85 % change on previous year | +16.6% |
| 1989 | -13.07 % change on previous year | -290.9% |
| 1990 | 6.56 % change on previous year | -150.2% |
| 1991 | 8.94 % change on previous year | +36.3% |
| 1992 | 5.64 % change on previous year | -36.9% |
| 1993 | 0.5364 % change on previous year | -90.5% |
| 1994 | -1.96 % change on previous year | -465.4% |
| 1995 | 3.62 % change on previous year | -284.4% |
| 1996 | 0.0491 % change on previous year | -98.6% |
| 1997 | -1.37 % change on previous year | -2892.6% |
| 1998 | -0.0343 % change on previous year | -97.5% |
| 1999 | -6.27 % change on previous year | +18194.9% |
| 2000 | 3.79 % change on previous year | -160.4% |
| 2001 | 2.98 % change on previous year | -21.4% |
| 2002 | -7.62 % change on previous year | -356.1% |
| 2003 | -6.4 % change on previous year | -16.1% |
| 2004 | 15.62 % change on previous year | -344.2% |
| 2005 | 9.56 % change on previous year | -38.8% |
| 2006 | 8.64 % change on previous year | -9.6% |
| 2007 | 7.68 % change on previous year | -11.1% |
| 2008 | 5.28 % change on previous year | -31.3% |
| 2009 | -2.51 % change on previous year | -147.5% |
| 2010 | -1.39 % change on previous year | -44.6% |
| 2011 | 3.96 % change on previous year | -385.5% |
| 2012 | 5.19 % change on previous year | +31.1% |
| 2013 | 1.7 % change on previous year | -67.2% |
| 2014 | -3.26 % change on previous year | -291.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.05 % change on previous year | 0.604 % change on previous year | 15.25 % change on previous year | 9 |
| 1970s | 4.17 % change on previous year | 0.2679 % change on previous year | 8.12 % change on previous year | 10 |
| 1980s | -0.1475 % change on previous year | -13.07 % change on previous year | 6.85 % change on previous year | 10 |
| 1990s | 1.57 % change on previous year | -6.27 % change on previous year | 8.94 % change on previous year | 10 |
| 2000s | 3.7 % change on previous year | -7.62 % change on previous year | 15.62 % change on previous year | 10 |
| 2010s | 1.24 % change on previous year | -3.26 % change on previous year | 5.19 % change on previous year | 5 |
Countries ranked near Venezuela
- 188 Isle of Man -2.01 % change on previous year
- 189 Iraq -2.16 % change on previous year compare
- 190 Iran -2.84 % change on previous year compare
- 192 Haiti -3.58 % change on previous year compare
- 193 Equatorial Guinea -6.08 % change on previous year compare
- 194 Lebanon -7.07 % change on previous year compare
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth -100 % change on previous year (1991)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0 current LCU per US$ of GDP (2011)
- Gross value added at basic prices (GVA) (current LCU), per capita 0 current LCU per person (2011)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.2184 constant LCU per US$ of GDP (2014)
- Gross value added at basic prices (GVA) (constant LCU), per capita 1,551 constant LCU per person (2014)
- GDP (current US$), annual growth rate -17.34 % change on previous year (2025)
- GDP (current US$), per capita 3,495 current US$ per person (2025)
- GDP (current LCU), annual growth rate 232.23 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), annual growth in Venezuela?
- Gross value added at basic prices (gva) (constant lcu), annual growth in Venezuela was -3.26 % change on previous year in 2014, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Venezuela?
- The highest recorded value was 15.62 % change on previous year in 2004.
- What is the lowest gross value added at basic prices (gva) (constant lcu), annual growth recorded in Venezuela?
- The lowest recorded value was -13.07 % change on previous year in 1989.
- How does Venezuela rank for gross value added at basic prices (gva) (constant lcu), annual growth?
- Venezuela ranks 191st out of 195 countries with data for 2014.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in Venezuela?
- Over the last ten years it is down 120.9%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.