Gross value added at basic prices (GVA) (current US$), annual growth in Venezuela
Venezuela: Gross value added at basic prices (GVA) (current US$), annual growth was -100 % change on previous year in 1991. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), annual growth in Venezuela, 1969–1991
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Venezuela recorded -100 % change on previous year for gross value added at basic prices (gva) (current us$), annual growth in 1991. That is the lowest value across all 23 years on record.
That represents a change of down 829.8% on the previous year and down 889.6% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in Venezuela peaked at 49.64 % change on previous year in 1974 and was at its lowest, -100 % change on previous year, in 1991.
That places Venezuela 205th out of 205 countries with data for 1991, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), 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 | 14.32 % change on previous year | +66.7% |
| 1972 | 9.59 % change on previous year | -33.0% |
| 1973 | 23.03 % change on previous year | +140.1% |
| 1974 | 49.64 % change on previous year | +115.6% |
| 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 | 19.39 % 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 | -27.85 % change on previous year | +5013.9% |
| 1985 | 3.24 % change on previous year | -111.6% |
| 1986 | 5.65 % change on previous year | +74.6% |
| 1987 | -25.85 % change on previous year | -557.3% |
| 1988 | 32.44 % change on previous year | -225.5% |
| 1989 | -28.69 % change on previous year | -188.4% |
| 1990 | 13.7 % change on previous year | -147.8% |
| 1991 | -100 % change on previous year | -829.8% |
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 | 17.53 % change on previous year | 7.26 % change on previous year | 49.64 % change on previous year | 10 |
| 1980s | -0.737 % change on previous year | -28.69 % change on previous year | 32.44 % change on previous year | 10 |
| 1990s | -43.15 % change on previous year | -100 % change on previous year | 13.7 % change on previous year | 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)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0 current US$ per US$ of GDP (2011)
- Gross value added at basic prices (GVA) (current US$), per capita 0 current US$ per person (2011)
- Gross value added at basic prices (GVA) (current LCU), annual growth -100 % change on previous year (1991)
- 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)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in Venezuela?
- Gross value added at basic prices (gva) (current us$), 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 us$), annual growth recorded in Venezuela?
- The highest recorded value was 49.64 % change on previous year in 1974.
- What is the lowest gross value added at basic prices (gva) (current us$), 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 us$), annual growth?
- Venezuela ranks 205th out of 205 countries with data for 1991.
- Is gross value added at basic prices (gva) (current us$), 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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 Offices (NSOs)
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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.