Share of products from least-developed countries that have no tariff in Venezuela
Venezuela: Share of products from least-developed countries that have no tariff was 54.3% in 2024. ▼ Falling
Share of products from least-developed countries that have no tariff in Venezuela, 2005–2024
Source: UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data. Measured in %.
Analysis
Venezuela recorded 54.3% for share of products from least-developed countries that have no tariff in 2024.
Compared with earlier readings it is up 1.2% on the previous year and up 11.1% over ten years.
Over the whole period, share of products from least-developed countries that have no tariff in Venezuela peaked at 64.2% in 2005 and was at its lowest, 44.7%, in 2019.
Venezuela ranks 172nd of 230 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 12 years of available data.
Share of products from least-developed countries that have no tariff in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 2005 | 64.2% | — |
| 2010 | 59.2% | -7.7% |
| 2015 | 48.9% | -17.5% |
| 2016 | 50.4% | +3.1% |
| 2017 | 52.0% | +3.1% |
| 2018 | 52.8% | +1.7% |
| 2019 | 44.7% | -15.5% |
| 2020 | 48.7% | +9.0% |
| 2021 | 53.0% | +9.0% |
| 2022 | 55.2% | +4.1% |
| 2023 | 53.7% | -2.8% |
| 2024 | 54.3% | +1.2% |
Venezuela compared with similar countries
- Venezuela's 54.3% is below the median for lower middle income countries, which is 68.1%, 80% of the median. (47 countries reporting)
- Venezuela's 54.3% is below the median for Latin America & Caribbean, which is 68.3%, 80% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 64.2% | 64.2% | 64.2% | 1 |
| 2010s | 51.3% | 44.7% | 59.2% | 6 |
| 2020s | 53.0% | 48.7% | 55.2% | 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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0477 units per US$ of GDP (2025)
Frequently asked questions
- What is share of products from least-developed countries that have no tariff in Venezuela?
- Share of products from least-developed countries that have no tariff in Venezuela was 54.3% in 2024, according to UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data.
- What is the highest share of products from least-developed countries that have no tariff recorded in Venezuela?
- The highest recorded value was 64.2% in 2005.
- What is the lowest share of products from least-developed countries that have no tariff recorded in Venezuela?
- The lowest recorded value was 44.7% in 2019.
- How does Venezuela rank for share of products from least-developed countries that have no tariff?
- Venezuela ranks 172nd out of 230 countries with data for 2024.
- Is share of products from least-developed countries that have no tariff rising or falling in Venezuela?
- Over the last ten years it is up 11.1%. The long-run trend across the full record is falling.
- Where does this Venezuela data come from?
- The figures come from UN Conference on Trade and Development and World Trade Organisation – processed by Our World in Data, published as part of Share of products from least-developed countries that have no tariff. Statizoid updates them automatically from the source API.
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About this data
Proportion of tariff lines applied to imports with zero-tariff (%).