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$, in 1991.
Venezuela ranks 207th of 207 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1968 | 10.84 billion current US$ | — |
| 1969 | 11.27 billion current US$ | +4.0% |
| 1970 | 12.24 billion current US$ | +8.6% |
| 1971 | 13.99 billion current US$ | +14.3% |
| 1972 | 15.33 billion current US$ | +9.6% |
| 1973 | 18.86 billion current US$ | +23.0% |
| 1974 | 28.22 billion current US$ | +49.6% |
| 1975 | 30.27 billion current US$ | +7.3% |
| 1976 | 35.13 billion current US$ | +16.1% |
| 1977 | 41.09 billion current US$ | +17.0% |
| 1978 | 45.39 billion current US$ | +10.5% |
| 1979 | 54.19 billion current US$ | +19.4% |
| 1980 | 65.22 billion current US$ | +20.3% |
| 1981 | 73.48 billion current US$ | +12.7% |
| 1982 | 74.38 billion current US$ | +1.2% |
| 1983 | 73.97 billion current US$ | -0.5% |
| 1984 | 53.37 billion current US$ | -27.9% |
| 1985 | 55.10 billion current US$ | +3.2% |
| 1986 | 58.21 billion current US$ | +5.7% |
| 1987 | 43.16 billion current US$ | -25.9% |
| 1988 | 57.16 billion current US$ | +32.4% |
| 1989 | 40.76 billion current US$ | -28.7% |
| 1990 | 46.35 billion current US$ | +13.7% |
| 1991 | 0 current US$ | -100.0% |
| 1992 | 0 current US$ | — |
| 1993 | 0 current US$ | — |
| 1994 | 0 current US$ | — |
| 1995 | 0 current US$ | — |
| 1996 | 0 current US$ | — |
| 1997 | 0 current US$ | — |
| 1998 | 0 current US$ | — |
| 1999 | 0 current US$ | — |
| 2000 | 0 current US$ | — |
| 2001 | 0 current US$ | — |
| 2002 | 0 current US$ | — |
| 2003 | 0 current US$ | — |
| 2004 | 0 current US$ | — |
| 2005 | 0 current US$ | — |
| 2006 | 0 current US$ | — |
| 2007 | 0 current US$ | — |
| 2008 | 0 current US$ | — |
| 2009 | 0 current US$ | — |
| 2010 | 0 current US$ | — |
| 2011 | 0 current US$ | — |
Venezuela compared with similar countries
- Venezuela's 0 current US$ is below the median for lower middle income countries, which is 27.86 billion current US$. (47 countries reporting)
- Venezuela's 0 current US$ is below the median for Latin America & Caribbean, which is 26.28 billion current US$. (39 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -100.0% | 46.35 billion current US$ | 0 current US$ |
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
- 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is gross value added at basic prices (gva) in Venezuela?
- Gross value added at basic prices (gva) in Venezuela was 0 current US$ 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 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). 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 indicator is expressed in United States dollars.