Gross value added at basic prices (GVA) in Venezuela
Venezuela: Gross value added at basic prices (GVA) was 0 current US$ in 2011. ◆ Volatile
Gross value added at basic prices (GVA) in Venezuela, 1968–2011
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2011, gross value added at basic prices (gva) in Venezuela stood at 0 current US$. 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 74.38 billion current US$ in 1982 and was at its lowest, 0 current US$, in 1991.
Venezuela ranks 204th of 204 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.05 billion current US$ | 10.84 billion current US$ | 11.27 billion current US$ | 2 |
| 1970s | 29.47 billion current US$ | 12.24 billion current US$ | 54.19 billion current US$ | 10 |
| 1980s | 59.48 billion current US$ | 40.76 billion current US$ | 74.38 billion current US$ | 10 |
| 1990s | 4.63 billion current US$ | 0 current US$ | 46.35 billion current US$ | 10 |
| 2000s | 0 current US$ | 0 current US$ | 0 current US$ | 10 |
| 2010s | 0 current US$ | 0 current US$ | 0 current US$ | 2 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- External balance on goods and services as a percent of GDP 4.8% (2025)
- Inflation of consumer prices 254.9% (2016)
- GDP per capita 1,519 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.0% (2011)
- Gross domestic product (GDP) 43.31 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,519 constant 2015 US$ (2025)
- DEC alternative conversion factor 165.46 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 996.97 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 6.03 billion current US$ (2025)
- Taxes less subsidies on products 0 current LCU (2011)
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 US$ in 2011, 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 74.38 billion current US$ in 1982.
- What is the lowest gross value added at basic prices (gva) recorded in Venezuela?
- The lowest recorded value was 0 current US$ in 1991.
- How does Venezuela rank for gross value added at basic prices (gva)?
- Venezuela ranks 204th out of 204 countries with data for 2011.
- 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) (current US$). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.