Manufacturing, value added in Venezuela
Venezuela: Manufacturing, value added was 6.95 billion constant LCU in 2014. ▲ Rising
Manufacturing, value added in Venezuela, 1960–2014
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2014, manufacturing, value added in Venezuela stood at 6.95 billion constant LCU.
Compared with earlier readings it is down 7.2% on the previous year and down 5.7% over ten years.
Over the whole period, manufacturing, value added in Venezuela peaked at 8.66 billion constant LCU in 2007 and was at its lowest, 1.43 billion constant LCU, in 1960.
Venezuela ranks 131st of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.95 billion constant LCU | 1.43 billion constant LCU | 2.42 billion constant LCU | 10 |
| 1970s | 3.58 billion constant LCU | 2.73 billion constant LCU | 4.49 billion constant LCU | 10 |
| 1980s | 4.81 billion constant LCU | 4.33 billion constant LCU | 5.66 billion constant LCU | 10 |
| 1990s | 6.06 billion constant LCU | 4.88 billion constant LCU | 7.78 billion constant LCU | 10 |
| 2000s | 7.47 billion constant LCU | 5.95 billion constant LCU | 8.66 billion constant LCU | 10 |
| 2010s | 7.28 billion constant LCU | 6.95 billion constant LCU | 7.51 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 manufacturing, value added in Venezuela?
- Manufacturing, value added in Venezuela was 6.95 billion constant LCU 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 8.66 billion constant LCU in 2007.
- What is the lowest manufacturing, value added recorded in Venezuela?
- The lowest recorded value was 1.43 billion constant LCU in 1960.
- How does Venezuela rank for manufacturing, value added?
- Venezuela ranks 131st out of 191 countries with data for 2014.
- Is manufacturing, value added rising or falling in Venezuela?
- Over the last ten years it is down 5.7%. 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 Manufacturing, value added (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 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.