Gross value added at basic prices (GVA) (current LCU), annual growth in Venezuela
Venezuela: Gross value added at basic prices (GVA) (current LCU), annual growth was -100 % change on previous year in 1991. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), annual growth in Venezuela, 1969–1991
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross value added at basic prices (gva) (current lcu), annual growth in Venezuela is -100 % change on previous year, measured in 1991. That is the lowest value across all 23 years on record.
Compared with earlier readings it is down 286.3% on the previous year and down 889.6% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), annual growth in Venezuela peaked at 70.61 % change on previous year in 1989 and was at its lowest, -100 % change on previous year, in 1991.
That places Venezuela 205th out of 205 countries with data for 1991, 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) (current LCU), annual growth in Venezuela, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1969 | 3.97 % change on previous year | — |
| 1970 | 8.59 % change on previous year | +116.4% |
| 1971 | 11.78 % change on previous year | +37.1% |
| 1972 | 9.59 % change on previous year | -18.5% |
| 1973 | 20.23 % change on previous year | +110.9% |
| 1974 | 49.64 % change on previous year | +145.4% |
| 1975 | 7.26 % change on previous year | -85.4% |
| 1976 | 16.06 % change on previous year | +121.3% |
| 1977 | 16.98 % change on previous year | +5.7% |
| 1978 | 10.46 % change on previous year | -38.4% |
| 1979 | 19.38 % change on previous year | +85.3% |
| 1980 | 20.35 % change on previous year | +5.0% |
| 1981 | 12.66 % change on previous year | -37.8% |
| 1982 | 1.23 % change on previous year | -90.3% |
| 1983 | -0.5447 % change on previous year | -144.5% |
| 1984 | 17.73 % change on previous year | -3354.7% |
| 1985 | 10.35 % change on previous year | -41.6% |
| 1986 | 13.87 % change on previous year | +34.0% |
| 1987 | 33 % change on previous year | +137.9% |
| 1988 | 32.44 % change on previous year | -1.7% |
| 1989 | 70.61 % change on previous year | +117.6% |
| 1990 | 53.69 % change on previous year | -24.0% |
| 1991 | -100 % change on previous year | -286.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.97 % change on previous year | 3.97 % change on previous year | 3.97 % change on previous year | 1 |
| 1970s | 17 % change on previous year | 7.26 % change on previous year | 49.64 % change on previous year | 10 |
| 1980s | 21.17 % change on previous year | -0.5447 % change on previous year | 70.61 % change on previous year | 10 |
| 1990s | -23.16 % change on previous year | -100 % change on previous year | 53.69 % change on previous year | 2 |
Countries ranked near Venezuela
- 202 Iraq -9.04 % change on previous year compare
- 203 French Polynesia -9.63 % change on previous year
- 204 Palestine -12.3 % change on previous year
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), 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), annual growth -3.26 % change on previous year (2014)
- 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) (current lcu), annual growth in Venezuela?
- Gross value added at basic prices (gva) (current lcu), annual growth in Venezuela was -100 % change on previous year in 1991, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), annual growth recorded in Venezuela?
- The highest recorded value was 70.61 % change on previous year in 1989.
- What is the lowest gross value added at basic prices (gva) (current lcu), annual growth recorded in Venezuela?
- The lowest recorded value was -100 % change on previous year in 1991.
- How does Venezuela rank for gross value added at basic prices (gva) (current lcu), annual growth?
- Venezuela ranks 205th out of 205 countries with data for 1991.
- Is gross value added at basic prices (gva) (current lcu), annual growth rising or falling in Venezuela?
- Over the last ten years it is down 889.6%. 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) (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current 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 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
The year-on-year percentage change in Gross value added at basic prices (GVA) (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.