Gross value added at basic prices (GVA) in Venezuela
Venezuela: Gross value added at basic prices (GVA) was 0 current LCU in 2011. ◆ Volatile
Gross value added at basic prices (GVA) in Venezuela, 1968–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2011, gross value added at basic prices (gva) in Venezuela stood at 0 current LCU. That is the lowest value across all 44 years on record.
Over the whole period, gross value added at basic prices (gva) in Venezuela peaked at 0.0217 current LCU in 1990 and was at its lowest, 0 current LCU, in 1991.
That places Venezuela 207th out of 207 countries with data for 2011, 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) in Venezuela, year by year
| Year | current LCU | Change |
|---|---|---|
| 1968 | 0.0005 current LCU | — |
| 1969 | 0.0005 current LCU | +4.0% |
| 1970 | 0.0006 current LCU | +8.6% |
| 1971 | 0.0006 current LCU | +11.8% |
| 1972 | 0.0007 current LCU | +9.6% |
| 1973 | 0.0008 current LCU | +20.2% |
| 1974 | 0.0012 current LCU | +49.6% |
| 1975 | 0.0013 current LCU | +7.3% |
| 1976 | 0.0015 current LCU | +16.1% |
| 1977 | 0.0018 current LCU | +17.0% |
| 1978 | 0.002 current LCU | +10.5% |
| 1979 | 0.0023 current LCU | +19.4% |
| 1980 | 0.0028 current LCU | +20.3% |
| 1981 | 0.0032 current LCU | +12.7% |
| 1982 | 0.0032 current LCU | +1.2% |
| 1983 | 0.0032 current LCU | -0.5% |
| 1984 | 0.0037 current LCU | +17.7% |
| 1985 | 0.0041 current LCU | +10.3% |
| 1986 | 0.0047 current LCU | +13.9% |
| 1987 | 0.0063 current LCU | +33.0% |
| 1988 | 0.0083 current LCU | +32.4% |
| 1989 | 0.0141 current LCU | +70.6% |
| 1990 | 0.0217 current LCU | +53.7% |
| 1991 | 0 current LCU | -100.0% |
| 1992 | 0 current LCU | — |
| 1993 | 0 current LCU | — |
| 1994 | 0 current LCU | — |
| 1995 | 0 current LCU | — |
| 1996 | 0 current LCU | — |
| 1997 | 0 current LCU | — |
| 1998 | 0 current LCU | — |
| 1999 | 0 current LCU | — |
| 2000 | 0 current LCU | — |
| 2001 | 0 current LCU | — |
| 2002 | 0 current LCU | — |
| 2003 | 0 current LCU | — |
| 2004 | 0 current LCU | — |
| 2005 | 0 current LCU | — |
| 2006 | 0 current LCU | — |
| 2007 | 0 current LCU | — |
| 2008 | 0 current LCU | — |
| 2009 | 0 current LCU | — |
| 2010 | 0 current LCU | — |
| 2011 | 0 current LCU | — |
Venezuela compared with similar countries
- Venezuela's 0 current LCU is below the median for lower middle income countries, which is 1.54 trillion current LCU. (47 countries reporting)
- Venezuela's 0 current LCU is below the median for Latin America & Caribbean, which is 135.81 billion current LCU. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) 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 |
|---|---|---|---|
| 1991 | -100.0% | 0.0217 current LCU | 0 current LCU |
| 1989 | +70.6% | 0.0083 current LCU | 0.0141 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0005 current LCU | 0.0005 current LCU | 0.0005 current LCU | 2 |
| 1970s | 0.0013 current LCU | 0.0006 current LCU | 0.0023 current LCU | 10 |
| 1980s | 0.0054 current LCU | 0.0028 current LCU | 0.0141 current LCU | 10 |
| 1990s | 0.0022 current LCU | 0 current LCU | 0.0217 current LCU | 10 |
| 2000s | 0 current LCU | 0 current LCU | 0 current LCU | 10 |
| 2010s | 0 current LCU | 0 current LCU | 0 current LCU | 2 |
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 0 current LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross value added at basic prices (gva) recorded in Venezuela?
- The highest recorded value was 0.0217 current LCU in 1990.
- What is the lowest gross value added at basic prices (gva) recorded in Venezuela?
- The lowest recorded value was 0 current LCU in 1991.
- How does Venezuela rank for gross value added at basic prices (gva)?
- Venezuela ranks 207th out of 207 countries with data for 2011.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross value added at basic prices (GVA) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.