Gross value added at basic prices (GVA) (constant) … unit GDP constant in Venezuela
Venezuela: Gross value added at basic prices (GVA) (constant) … unit GDP constant was 0.2184 constant LCU per US$ of GDP in 2014. ◆ Volatile
Gross value added at basic prices (GVA) (constant LCU), per unit of in Venezuela, 1960–2014
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
In 2014, gross value added at basic prices (gva) (constant lcu), per unit of in Venezuela stood at 0.2184 constant LCU per US$ of GDP.
That represents a change of up 16.4% on the previous year and down 26.9% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), per unit of in Venezuela peaked at 2 constant LCU per US$ of GDP in 1965 and was at its lowest, 0.1109 constant LCU per US$ of GDP, in 2010.
That places Venezuela 195th out of 196 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) … unit GDP constant in Venezuela, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 1.59 constant LCU per US$ of GDP | — |
| 1961 | 1.55 constant LCU per US$ of GDP | -3.0% |
| 1962 | 1.53 constant LCU per US$ of GDP | -0.8% |
| 1963 | 1.45 constant LCU per US$ of GDP | -5.3% |
| 1964 | 1.96 constant LCU per US$ of GDP | +35.2% |
| 1965 | 2 constant LCU per US$ of GDP | +1.8% |
| 1966 | 1.94 constant LCU per US$ of GDP | -2.8% |
| 1967 | 1.9 constant LCU per US$ of GDP | -2.3% |
| 1968 | 1.87 constant LCU per US$ of GDP | -1.4% |
| 1969 | 1.84 constant LCU per US$ of GDP | -1.8% |
| 1970 | 1.76 constant LCU per US$ of GDP | -4.4% |
| 1971 | 1.6 constant LCU per US$ of GDP | -9.1% |
| 1972 | 1.51 constant LCU per US$ of GDP | -5.5% |
| 1973 | 1.33 constant LCU per US$ of GDP | -11.6% |
| 1974 | 0.8944 constant LCU per US$ of GDP | -33.0% |
| 1975 | 0.8684 constant LCU per US$ of GDP | -2.9% |
| 1976 | 0.8207 constant LCU per US$ of GDP | -5.5% |
| 1977 | 0.758 constant LCU per US$ of GDP | -7.6% |
| 1978 | 0.7186 constant LCU per US$ of GDP | -5.2% |
| 1979 | 0.5864 constant LCU per US$ of GDP | -18.4% |
| 1980 | 0.4581 constant LCU per US$ of GDP | -21.9% |
| 1981 | 0.4037 constant LCU per US$ of GDP | -11.9% |
| 1982 | 0.4042 constant LCU per US$ of GDP | +0.1% |
| 1983 | 0.3542 constant LCU per US$ of GDP | -12.4% |
| 1984 | 0.4267 constant LCU per US$ of GDP | +20.5% |
| 1985 | 0.4205 constant LCU per US$ of GDP | -1.4% |
| 1986 | 0.4564 constant LCU per US$ of GDP | +8.5% |
| 1987 | 0.6089 constant LCU per US$ of GDP | +33.4% |
| 1988 | 0.5188 constant LCU per US$ of GDP | -14.8% |
| 1989 | 0.6239 constant LCU per US$ of GDP | +20.3% |
| 1990 | 0.5955 constant LCU per US$ of GDP | -4.6% |
| 1991 | 0.5899 constant LCU per US$ of GDP | -0.9% |
| 1992 | 0.5514 constant LCU per US$ of GDP | -6.5% |
| 1993 | 0.5578 constant LCU per US$ of GDP | +1.2% |
| 1994 | 0.562 constant LCU per US$ of GDP | +0.8% |
| 1995 | 0.4396 constant LCU per US$ of GDP | -21.8% |
| 1996 | 0.4825 constant LCU per US$ of GDP | +9.8% |
| 1997 | 0.3911 constant LCU per US$ of GDP | -18.9% |
| 1998 | 0.3674 constant LCU per US$ of GDP | -6.1% |
| 1999 | 0.3211 constant LCU per US$ of GDP | -12.6% |
| 2000 | 0.2787 constant LCU per US$ of GDP | -13.2% |
| 2001 | 0.2735 constant LCU per US$ of GDP | -1.9% |
| 2002 | 0.3343 constant LCU per US$ of GDP | +22.2% |
| 2003 | 0.3477 constant LCU per US$ of GDP | +4.0% |
| 2004 | 0.2989 constant LCU per US$ of GDP | -14.0% |
| 2005 | 0.2531 constant LCU per US$ of GDP | -15.3% |
| 2006 | 0.2181 constant LCU per US$ of GDP | -13.8% |
| 2007 | 0.187 constant LCU per US$ of GDP | -14.2% |
| 2008 | 0.1435 constant LCU per US$ of GDP | -23.2% |
| 2009 | 0.1341 constant LCU per US$ of GDP | -6.6% |
| 2010 | 0.1109 constant LCU per US$ of GDP | -17.3% |
| 2011 | 0.1432 constant LCU per US$ of GDP | +29.2% |
| 2012 | 0.1282 constant LCU per US$ of GDP | -10.5% |
| 2013 | 0.1876 constant LCU per US$ of GDP | +46.3% |
| 2014 | 0.2184 constant LCU per US$ of GDP | +16.4% |
Venezuela compared with similar countries
- Venezuela's 0.2184 constant LCU per US$ of GDP is below the median for lower middle income countries, which is 54.63 constant LCU per US$ of GDP, 0% of the median. (47 countries reporting)
- Venezuela's 0.2184 constant LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 1.87 constant LCU per US$ of GDP, 12% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.76 constant LCU per US$ of GDP | 1.45 constant LCU per US$ of GDP | 2 constant LCU per US$ of GDP | 10 |
| 1970s | 1.08 constant LCU per US$ of GDP | 0.5864 constant LCU per US$ of GDP | 1.76 constant LCU per US$ of GDP | 10 |
| 1980s | 0.4675 constant LCU per US$ of GDP | 0.3542 constant LCU per US$ of GDP | 0.6239 constant LCU per US$ of GDP | 10 |
| 1990s | 0.4858 constant LCU per US$ of GDP | 0.3211 constant LCU per US$ of GDP | 0.5955 constant LCU per US$ of GDP | 10 |
| 2000s | 0.2469 constant LCU per US$ of GDP | 0.1341 constant LCU per US$ of GDP | 0.3477 constant LCU per US$ of GDP | 10 |
| 2010s | 0.1577 constant LCU per US$ of GDP | 0.1109 constant LCU per US$ of GDP | 0.2184 constant LCU per US$ of GDP | 5 |
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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0477 units per US$ of GDP (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), per unit of in Venezuela?
- Gross value added at basic prices (gva) (constant lcu), per unit of in Venezuela was 0.2184 constant LCU per US$ of GDP in 2014, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Venezuela?
- The highest recorded value was 2 constant LCU per US$ of GDP in 1965.
- What is the lowest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Venezuela?
- The lowest recorded value was 0.1109 constant LCU per US$ of GDP in 2010.
- How does Venezuela rank for gross value added at basic prices (gva) (constant lcu), per unit of?
- Venezuela ranks 195th out of 196 countries with data for 2014.
- Is gross value added at basic prices (gva) (constant lcu), per unit of rising or falling in Venezuela?
- Over the last ten years it is down 26.9%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant LCU) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Gross value added at basic prices (GVA) (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.