Gross value added at basic prices … current LCU annual growth rate in Venezuela
Venezuela: Gross value added at basic prices … current LCU annual growth rate 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 … current LCU annual growth rate 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% |
Venezuela compared with similar countries
- Venezuela's -100 % change on previous year is below the median for lower middle income countries, which is 10.04 % change on previous year. (47 countries reporting)
- Venezuela's -100 % change on previous year is below the median for Latin America & Caribbean, which is 6.54 % change on previous year. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices … current LCU annual growth rate in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | +3354.7% | -0.5447 % change on previous year | 17.73 % change on previous year |
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)
- 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) (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.
Download this data
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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.