Gross value added at basic prices (GVA) in Venezuela
Venezuela: Gross value added at basic prices (GVA) was 46.92 billion constant LCU in 2014. ▲ Rising
Latest (2014)
46.92 billion constant LCU
Change on year
down 3.3%
World rank
145th
of 198 countries
All-time high
48.50 billion constant LCU
in 2013
All-time low
12.22 billion constant LCU
in 1960
Years of data
55
1960–2014
Gross value added at basic prices (GVA) in Venezuela, 1960–2014
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for gross value added at basic prices (gva) in Venezuela is 46.92 billion constant LCU, measured in 2014.
That represents a change of down 3.3% on the previous year and up 39.6% over ten years.
Over the whole period, gross value added at basic prices (gva) in Venezuela peaked at 48.50 billion constant LCU in 2013 and was at its lowest, 12.22 billion constant LCU, in 1960.
That places Venezuela 145th out of 198 countries with data for 2014, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross value added at basic prices (GVA) in Venezuela, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 12.22 billion constant LCU | — |
| 1961 | 12.49 billion constant LCU | +2.1% |
| 1962 | 13.53 billion constant LCU | +8.3% |
| 1963 | 13.96 billion constant LCU | +3.2% |
| 1964 | 16.09 billion constant LCU | +15.2% |
| 1965 | 16.85 billion constant LCU | +4.7% |
| 1966 | 17.06 billion constant LCU | +1.2% |
| 1967 | 17.56 billion constant LCU | +2.9% |
| 1968 | 18.79 billion constant LCU | +7.0% |
| 1969 | 18.90 billion constant LCU | +0.6% |
| 1970 | 20.32 billion constant LCU | +7.5% |
| 1971 | 20.75 billion constant LCU | +2.1% |
| 1972 | 21.12 billion constant LCU | +1.8% |
| 1973 | 22.74 billion constant LCU | +7.7% |
| 1974 | 23.35 billion constant LCU | +2.7% |
| 1975 | 23.85 billion constant LCU | +2.2% |
| 1976 | 25.79 billion constant LCU | +8.1% |
| 1977 | 27.45 billion constant LCU | +6.4% |
| 1978 | 28.25 billion constant LCU | +2.9% |
| 1979 | 28.33 billion constant LCU | +0.3% |
| 1980 | 27.08 billion constant LCU | -4.4% |
| 1981 | 26.78 billion constant LCU | -1.1% |
| 1982 | 27.38 billion constant LCU | +2.2% |
| 1983 | 23.93 billion constant LCU | -12.6% |
| 1984 | 25.55 billion constant LCU | +6.8% |
| 1985 | 26.06 billion constant LCU | +2.0% |
| 1986 | 27.62 billion constant LCU | +6.0% |
| 1987 | 29.24 billion constant LCU | +5.9% |
| 1988 | 31.25 billion constant LCU | +6.8% |
| 1989 | 27.16 billion constant LCU | -13.1% |
| 1990 | 28.94 billion constant LCU | +6.6% |
| 1991 | 31.53 billion constant LCU | +8.9% |
| 1992 | 33.31 billion constant LCU | +5.6% |
| 1993 | 33.49 billion constant LCU | +0.5% |
| 1994 | 32.83 billion constant LCU | -2.0% |
| 1995 | 34.02 billion constant LCU | +3.6% |
| 1996 | 34.04 billion constant LCU | +0.0% |
| 1997 | 33.57 billion constant LCU | -1.4% |
| 1998 | 33.56 billion constant LCU | -0.0% |
| 1999 | 31.46 billion constant LCU | -6.3% |
| 2000 | 32.65 billion constant LCU | +3.8% |
| 2001 | 33.62 billion constant LCU | +3.0% |
| 2002 | 31.06 billion constant LCU | -7.6% |
| 2003 | 29.07 billion constant LCU | -6.4% |
| 2004 | 33.61 billion constant LCU | +15.6% |
| 2005 | 36.82 billion constant LCU | +9.6% |
| 2006 | 40.01 billion constant LCU | +8.6% |
| 2007 | 43.08 billion constant LCU | +7.7% |
| 2008 | 45.35 billion constant LCU | +5.3% |
| 2009 | 44.22 billion constant LCU | -2.5% |
| 2010 | 43.60 billion constant LCU | -1.4% |
| 2011 | 45.33 billion constant LCU | +4.0% |
| 2012 | 47.69 billion constant LCU | +5.2% |
| 2013 | 48.50 billion constant LCU | +1.7% |
| 2014 | 46.92 billion constant LCU | -3.3% |
Venezuela compared with similar countries
- Venezuela's 46.92 billion constant LCU is below the median for lower middle income countries, which is 664.36 billion constant LCU, 7% of the median. (47 countries reporting)
- Venezuela's 46.92 billion constant LCU is below the median for Latin America & Caribbean, which is 111.15 billion constant LCU, 42% of the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 15.75 billion constant LCU | 12.22 billion constant LCU | 18.90 billion constant LCU | 10 |
| 1970s | 24.19 billion constant LCU | 20.32 billion constant LCU | 28.33 billion constant LCU | 10 |
| 1980s | 27.20 billion constant LCU | 23.93 billion constant LCU | 31.25 billion constant LCU | 10 |
| 1990s | 32.68 billion constant LCU | 28.94 billion constant LCU | 34.04 billion constant LCU | 10 |
| 2000s | 36.95 billion constant LCU | 29.07 billion constant LCU | 45.35 billion constant LCU | 10 |
| 2010s | 46.41 billion constant LCU | 43.60 billion constant LCU | 48.50 billion constant LCU | 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)
- 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 value added at basic prices (gva) in Venezuela?
- Gross value added at basic prices (gva) in Venezuela was 46.92 billion constant LCU in 2014, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Venezuela?
- The highest recorded value was 48.50 billion constant LCU in 2013.
- What is the lowest gross value added at basic prices (gva) recorded in Venezuela?
- The lowest recorded value was 12.22 billion constant LCU in 1960.
- How does Venezuela rank for gross value added at basic prices (gva)?
- Venezuela ranks 145th out of 198 countries with data for 2014.
- Is gross value added at basic prices (gva) rising or falling in Venezuela?
- Over the last ten years it is up 39.6%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.