Manufacturing, value added in Venezuela
Venezuela: Manufacturing, value added was -7.2% in 2014. ◆ Volatile
Manufacturing, value added in Venezuela, 1961–2014
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2014, manufacturing, value added in Venezuela stood at -7.2%.
Compared with earlier readings it is down 2,328.7% on the previous year and down 130.3% over ten years.
Over the whole period, manufacturing, value added in Venezuela peaked at 42.5% in 1997 and was at its lowest, -19.6%, in 1989.
That places Venezuela 182nd out of 190 countries with data for 2014, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Venezuela, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1961 | 6.3% | — |
| 1962 | 9.4% | +51.0% |
| 1963 | 5.7% | -39.4% |
| 1964 | 12.0% | +110.1% |
| 1965 | 7.1% | -41.1% |
| 1966 | 1.2% | -83.5% |
| 1967 | 3.8% | +224.2% |
| 1968 | 6.8% | +79.6% |
| 1969 | 2.7% | -60.1% |
| 1970 | 12.7% | +368.3% |
| 1971 | 4.2% | -66.9% |
| 1972 | 5.0% | +18.2% |
| 1973 | 7.9% | +59.2% |
| 1974 | 6.7% | -15.3% |
| 1975 | 3.7% | -44.3% |
| 1976 | 12.6% | +237.2% |
| 1977 | 3.7% | -70.8% |
| 1978 | 5.2% | +41.1% |
| 1979 | 2.7% | -47.2% |
| 1980 | 2.6% | -4.7% |
| 1981 | -3.3% | -225.2% |
| 1982 | 8.7% | -366.1% |
| 1983 | -10.7% | -223.6% |
| 1984 | 3.6% | -133.7% |
| 1985 | 5.2% | +43.5% |
| 1986 | 7.0% | +34.9% |
| 1987 | 7.6% | +9.1% |
| 1988 | 4.1% | -46.3% |
| 1989 | -19.6% | -577.9% |
| 1990 | 7.4% | -137.7% |
| 1991 | 9.0% | +21.4% |
| 1992 | 6.3% | -30.4% |
| 1993 | -1.4% | -121.9% |
| 1994 | -3.4% | +150.3% |
| 1995 | 6.9% | -300.5% |
| 1996 | -5.2% | -175.7% |
| 1997 | 42.5% | -915.3% |
| 1998 | -1.7% | -103.9% |
| 1999 | -7.3% | +339.4% |
| 2000 | 4.8% | -165.5% |
| 2001 | 0.3% | -94.4% |
| 2002 | -13.7% | -5239.5% |
| 2003 | -7.4% | -46.0% |
| 2004 | 23.9% | -421.9% |
| 2005 | 6.0% | -74.8% |
| 2006 | 7.3% | +22.0% |
| 2007 | 3.2% | -55.8% |
| 2008 | -9.1% | -381.7% |
| 2009 | -6.4% | -29.4% |
| 2010 | -3.4% | -46.8% |
| 2011 | 3.8% | -211.5% |
| 2012 | 1.8% | -53.2% |
| 2013 | -0.3% | -116.6% |
| 2014 | -7.2% | +2328.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.1% | 1.2% | 12.0% | 9 |
| 1970s | 6.4% | 2.7% | 12.7% | 10 |
| 1980s | 0.5% | -19.6% | 8.7% | 10 |
| 1990s | 5.3% | -7.3% | 42.5% | 10 |
| 2000s | 0.9% | -13.7% | 23.9% | 10 |
| 2010s | -1.1% | -7.2% | 3.8% | 5 |
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)
- GDP (current US$), annual growth rate -17.34 % change on previous year (2025)
- GDP (current US$), per capita 3,495 current US$ per person (2025)
- GDP (current LCU), annual growth rate 232.23 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 165.46 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 578,247 current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 1.57 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.4346 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 1,519 constant 2015 US$ per person (2025)
Frequently asked questions
- What is manufacturing, value added in Venezuela?
- Manufacturing, value added in Venezuela was -7.2% in 2014, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Venezuela?
- The highest recorded value was 42.5% in 1997.
- What is the lowest manufacturing, value added recorded in Venezuela?
- The lowest recorded value was -19.6% in 1989.
- How does Venezuela rank for manufacturing, value added?
- Venezuela ranks 182nd out of 190 countries with data for 2014.
- Is manufacturing, value added rising or falling in Venezuela?
- Over the last ten years it is down 130.3%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Manufacturing, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.