Historical gov spending gdp in Venezuela, República Bolivariana de
Venezuela, República Bolivariana de: Historical gov spending gdp was 17.58 in 2024. ▲ Rising
Historical gov spending gdp in Venezuela, República Bolivariana de, 1920–2024
Source: Our World in Data.
Analysis
The most recent figure for historical gov spending gdp in Venezuela, República Bolivariana de is 17.58, measured in 2024.
Compared with earlier readings it is up 34.0% on the previous year and down 44.4% over ten years.
Over the whole period, historical gov spending gdp in Venezuela, República Bolivariana de peaked at 42.22 in 1994 and was at its lowest, 7.09, in 1922.
That places Venezuela, República Bolivariana de 137th out of 151 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 105 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1920s | 8.8 | 7.09 | 11.55 | 10 |
| 1930s | 11.02 | 8.2 | 13.64 | 10 |
| 1940s | 12.67 | 9.93 | 16.92 | 10 |
| 1950s | 17.82 | 14.79 | 25.46 | 10 |
| 1960s | 18.81 | 11.8 | 23.67 | 10 |
| 1970s | 25.82 | 19.48 | 35.27 | 10 |
| 1980s | 25.83 | 19.67 | 33.21 | 10 |
| 1990s | 31.28 | 26.1 | 42.22 | 10 |
| 2000s | 33.22 | 28.29 | 39.27 | 10 |
| 2010s | 29.98 | 19.69 | 39.36 | 10 |
| 2020s | 14.03 | 11.16 | 17.58 | 5 |
Countries ranked near Venezuela, República Bolivariana de
More economy & growth data for Venezuela, República Bolivariana de
- 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)
- Manufacturing value added to gdp, per capita 0 units per person (2011)
- External balance on goods and services as a percent of gdp 4.79 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.1003 (2017)
- Gdp worldbank constant usd, per capita 1,519 units per person (2025)
- Manufacturing value added to gdp, per unit of GDP 0 units per US$ of GDP (2011)
- Gdp worldbank constant usd, annual growth rate 1.57 % change on previous year (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0704 (2017)
- Domestic currency per US dollar (End-of-period (EoP)) 9.97 (2017)
Frequently asked questions
- What is historical gov spending gdp in Venezuela, República Bolivariana de?
- Historical gov spending gdp in Venezuela, República Bolivariana de was 17.58 in 2024, according to Our World in Data.
- What is the highest historical gov spending gdp recorded in Venezuela, República Bolivariana de?
- The highest recorded value was 42.22 in 1994.
- What is the lowest historical gov spending gdp recorded in Venezuela, República Bolivariana de?
- The lowest recorded value was 7.09 in 1922.
- How does Venezuela, República Bolivariana de rank for historical gov spending gdp?
- Venezuela, República Bolivariana de ranks 137th out of 151 countries with data for 2024.
- Is historical gov spending gdp rising or falling in Venezuela, República Bolivariana de?
- Over the last ten years it is down 44.4%. The long-run trend across the full record is rising.
- Where does this Venezuela, República Bolivariana de data come from?
- The figures come from Our World in Data, published as part of Historical gov spending gdp. Statizoid updates them automatically from the source API.
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