Industry (including construction), value added in Venezuela
Venezuela: Industry (including construction), value added was 17.92 billion constant LCU in 2014. ▲ Rising
Industry (including construction), value added in Venezuela, 1968–2014
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for industry (including construction), value added in Venezuela is 17.92 billion constant LCU, measured in 2014.
That represents a change of down 5.8% on the previous year and up 14.7% over ten years.
Over the whole period, industry (including construction), value added in Venezuela peaked at 19.30 billion constant LCU in 2008 and was at its lowest, 10.16 billion constant LCU, in 1983.
That places Venezuela 137th out of 199 countries with data for 2014, putting it in the middle of the range.
The long-run direction has been consistently rising across the 47 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.54 billion constant LCU | 10.33 billion constant LCU | 10.75 billion constant LCU | 2 |
| 1970s | 11.84 billion constant LCU | 10.90 billion constant LCU | 12.76 billion constant LCU | 10 |
| 1980s | 12.30 billion constant LCU | 10.16 billion constant LCU | 14.47 billion constant LCU | 10 |
| 1990s | 16.17 billion constant LCU | 13.59 billion constant LCU | 17.48 billion constant LCU | 10 |
| 2000s | 16.74 billion constant LCU | 13.29 billion constant LCU | 19.30 billion constant LCU | 10 |
| 2010s | 18.41 billion constant LCU | 17.72 billion constant LCU | 19.12 billion constant LCU | 5 |
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 industry (including construction), value added in Venezuela?
- Industry (including construction), value added in Venezuela was 17.92 billion constant LCU in 2014, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest industry (including construction), value added recorded in Venezuela?
- The highest recorded value was 19.30 billion constant LCU in 2008.
- What is the lowest industry (including construction), value added recorded in Venezuela?
- The lowest recorded value was 10.16 billion constant LCU in 1983.
- How does Venezuela rank for industry (including construction), value added?
- Venezuela ranks 137th out of 199 countries with data for 2014.
- Is industry (including construction), value added rising or falling in Venezuela?
- Over the last ten years it is up 14.7%. The long-run trend across the full record is rising.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Industry (including construction), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.