Gross domestic product (GDP) in Venezuela
Venezuela: Gross domestic product (GDP) was 237.53 billion current GBP in 2013. ◆ Volatile
Latest (2013)
237.53 billion current GBP
Change on year
down 1.6%
World rank
32nd
of 200 countries
All-time high
254.86 billion current GBP
in 2010
All-time low
661.65 million current GBP
in 1949
Years of data
65
1949–2013
Gross domestic product (GDP) in Venezuela, 1949–2013
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
The most recent figure for gross domestic product (gdp) in Venezuela is 237.53 billion current GBP, measured in 2013.
That represents a change of down 1.6% on the previous year and up 363.8% over ten years.
Over the whole period, gross domestic product (gdp) in Venezuela peaked at 254.86 billion current GBP in 2010 and was at its lowest, 661.65 million current GBP, in 1949.
That places Venezuela 32nd out of 200 countries with data for 2013, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Venezuela, year by year
| Year | current GBP | Change |
|---|---|---|
| 1949 | 661.65 million current GBP | — |
| 1950 | 1.00 billion current GBP | +51.8% |
| 1951 | 1.24 billion current GBP | +23.7% |
| 1952 | 1.36 billion current GBP | +9.0% |
| 1953 | 1.49 billion current GBP | +9.8% |
| 1954 | 1.44 billion current GBP | -3.4% |
| 1955 | 1.77 billion current GBP | +23.0% |
| 1956 | 1.98 billion current GBP | +11.6% |
| 1957 | 2.19 billion current GBP | +11.1% |
| 1958 | 2.40 billion current GBP | +9.2% |
| 1959 | 2.52 billion current GBP | +5.3% |
| 1960 | 2.76 billion current GBP | +9.5% |
| 1961 | 3.19 billion current GBP | +15.3% |
| 1962 | 3.53 billion current GBP | +10.6% |
| 1963 | 3.81 billion current GBP | +8.0% |
| 1964 | 3.25 billion current GBP | -14.5% |
| 1965 | 3.43 billion current GBP | +5.4% |
| 1966 | 3.61 billion current GBP | +5.1% |
| 1967 | 3.79 billion current GBP | +5.2% |
| 1968 | 4.78 billion current GBP | +26.0% |
| 1969 | 4.97 billion current GBP | +4.0% |
| 1970 | 5.41 billion current GBP | +8.9% |
| 1971 | 5.95 billion current GBP | +9.8% |
| 1972 | 6.38 billion current GBP | +7.2% |
| 1973 | 7.94 billion current GBP | +24.5% |
| 1974 | 12.44 billion current GBP | +56.8% |
| 1975 | 14.20 billion current GBP | +14.1% |
| 1976 | 20.19 billion current GBP | +42.2% |
| 1977 | 24.27 billion current GBP | +20.2% |
| 1978 | 24.25 billion current GBP | -0.1% |
| 1979 | 26.32 billion current GBP | +8.5% |
| 1980 | 28.89 billion current GBP | +9.7% |
| 1981 | 37.57 billion current GBP | +30.1% |
| 1982 | 43.90 billion current GBP | +16.9% |
| 1983 | 51.85 billion current GBP | +18.1% |
| 1984 | 42.07 billion current GBP | -18.9% |
| 1985 | 45.15 billion current GBP | +7.3% |
| 1986 | 40.19 billion current GBP | -11.0% |
| 1987 | 27.75 billion current GBP | -31.0% |
| 1988 | 32.85 billion current GBP | +18.4% |
| 1989 | 25.76 billion current GBP | -21.6% |
| 1990 | 26.48 billion current GBP | +2.8% |
| 1991 | 29.33 billion current GBP | +10.8% |
| 1992 | 33.31 billion current GBP | +13.6% |
| 1993 | 38.74 billion current GBP | +16.3% |
| 1994 | 36.94 billion current GBP | -4.7% |
| 1995 | 47.45 billion current GBP | +28.5% |
| 1996 | 43.75 billion current GBP | -7.8% |
| 1997 | 52.43 billion current GBP | +19.8% |
| 1998 | 55.15 billion current GBP | +5.2% |
| 1999 | 60.55 billion current GBP | +9.8% |
| 2000 | 77.43 billion current GBP | +27.9% |
| 2001 | 85.38 billion current GBP | +10.3% |
| 2002 | 61.98 billion current GBP | -27.4% |
| 2003 | 51.22 billion current GBP | -17.4% |
| 2004 | 61.42 billion current GBP | +19.9% |
| 2005 | 80.03 billion current GBP | +30.3% |
| 2006 | 99.72 billion current GBP | +24.6% |
| 2007 | 115.13 billion current GBP | +15.5% |
| 2008 | 171.68 billion current GBP | +49.1% |
| 2009 | 211.46 billion current GBP | +23.2% |
| 2010 | 254.86 billion current GBP | +20.5% |
| 2011 | 197.53 billion current GBP | -22.5% |
| 2012 | 241.37 billion current GBP | +22.2% |
| 2013 | 237.53 billion current GBP | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1940s | 661.65 million current GBP | 661.65 million current GBP | 661.65 million current GBP | 1 |
| 1950s | 1.74 billion current GBP | 1.00 billion current GBP | 2.52 billion current GBP | 10 |
| 1960s | 3.71 billion current GBP | 2.76 billion current GBP | 4.97 billion current GBP | 10 |
| 1970s | 14.74 billion current GBP | 5.41 billion current GBP | 26.32 billion current GBP | 10 |
| 1980s | 37.60 billion current GBP | 25.76 billion current GBP | 51.85 billion current GBP | 10 |
| 1990s | 42.42 billion current GBP | 26.48 billion current GBP | 60.55 billion current GBP | 10 |
| 2000s | 101.54 billion current GBP | 51.22 billion current GBP | 211.46 billion current GBP | 10 |
| 2010s | 232.82 billion current GBP | 197.53 billion current GBP | 254.86 billion current GBP | 4 |
Countries ranked near Venezuela
- 29 Iran, Islamic Republic of 258.48 billion current GBP compare
- 30 Thailand 245.72 billion current GBP compare
- 31 United Arab Emirates 242.76 billion current GBP compare
- 33 Colombia 229.97 billion current GBP compare
- 34 South Africa 212.63 billion current GBP compare
- 35 Denmark 210.35 billion current GBP compare
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)
- Manufacturing, value added (constant LCU), per capita 229.58 constant LCU per person (2014)
- Industry (including construction), value added (current US$), annual -100 % change on previous year (1991)
- Industry (including construction), value added (current US$), per 0 current US$ per US$ of GDP (2011)
- Industry (including construction), value added (current US$), per 0 current US$ per person (2011)
- Industry (including construction), value added (current LCU), annual -100 % change on previous year (1991)
- Industry (including construction), value added (current LCU), per 0 current LCU per US$ of GDP (2011)
- Industry (including construction), value added (current LCU), per 0 current LCU per person (2011)
- Industry (including construction), value added (constant LCU), annual -5.84 % change on previous year (2014)
Frequently asked questions
- What is gross domestic product (gdp) in Venezuela?
- Gross domestic product (gdp) in Venezuela was 237.53 billion current GBP in 2013, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Venezuela?
- The highest recorded value was 254.86 billion current GBP in 2010.
- What is the lowest gross domestic product (gdp) recorded in Venezuela?
- The lowest recorded value was 661.65 million current GBP in 1949.
- How does Venezuela rank for gross domestic product (gdp)?
- Venezuela ranks 32nd out of 200 countries with data for 2013.
- Is gross domestic product (gdp) rising or falling in Venezuela?
- Over the last ten years it is up 363.8%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.