Real gdp growth in Venezuela, República Bolivariana de
Venezuela, República Bolivariana de: Real gdp growth was -19.66 in 2018. ◆ Volatile
Real gdp growth in Venezuela, República Bolivariana de, 1980–2018
Source: Our World in Data.
Analysis
In 2018, real gdp growth in Venezuela, República Bolivariana de stood at -19.66. That is the lowest value across all 39 years on record.
The figure is down 25.4% on the previous year and down 472.4% over ten years.
Over the whole period, real gdp growth in Venezuela, República Bolivariana de peaked at 18.29 in 2004 and was at its lowest, -19.66, in 2018.
That places Venezuela, República Bolivariana de 194th out of 196 countries with data for 2018, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth in Venezuela, República Bolivariana de, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -4.95 | — |
| 1981 | -1.29 | -74.0% |
| 1982 | 2.65 | -305.4% |
| 1983 | -9.86 | -472.6% |
| 1984 | 5.22 | -153.0% |
| 1985 | 0.867 | -83.4% |
| 1986 | 6.08 | +601.3% |
| 1987 | 4.8 | -21.0% |
| 1988 | 6.51 | +35.6% |
| 1989 | -13.92 | -313.8% |
| 1990 | 6.47 | -146.5% |
| 1991 | 9.73 | +50.4% |
| 1992 | 6.06 | -37.7% |
| 1993 | 0.275 | -95.5% |
| 1994 | -2.35 | -954.2% |
| 1995 | 3.95 | -268.2% |
| 1996 | -0.198 | -105.0% |
| 1997 | 6.37 | -3317.7% |
| 1998 | 0.294 | -95.4% |
| 1999 | -5.97 | -2130.6% |
| 2000 | 3.69 | -161.8% |
| 2001 | 3.39 | -7.9% |
| 2002 | -8.86 | -360.9% |
| 2003 | -7.75 | -12.4% |
| 2004 | 18.29 | -335.8% |
| 2005 | 10.32 | -43.6% |
| 2006 | 9.87 | -4.3% |
| 2007 | 8.75 | -11.3% |
| 2008 | 5.28 | -39.7% |
| 2009 | -3.2 | -160.7% |
| 2010 | -1.49 | -53.5% |
| 2011 | 4.18 | -380.5% |
| 2012 | 5.63 | +34.7% |
| 2013 | 1.34 | -76.1% |
| 2014 | -3.89 | -389.9% |
| 2015 | -6.22 | +59.8% |
| 2016 | -17.04 | +173.9% |
| 2017 | -15.67 | -8.0% |
| 2018 | -19.66 | +25.4% |
Venezuela, República Bolivariana de compared with similar countries
- Venezuela, República Bolivariana de's -19.66 is below the median for lower middle income countries, which is 4.07. (47 countries reporting)
- Venezuela, República Bolivariana de's -19.66 is below the median for Latin America & Caribbean, which is 3.37. (34 countries reporting)
Biggest year-on-year movements
Years where Real gdp growth in Venezuela, República Bolivariana de changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +3317.7% | -0.198 | 6.37 |
| 1999 | -2130.6% | 0.294 | -5.97 |
| 1994 | -954.2% | 0.275 | -2.35 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -0.3885 | -13.92 | 6.51 | 10 |
| 1990s | 2.46 | -5.97 | 9.73 | 10 |
| 2000s | 3.98 | -8.86 | 18.29 | 10 |
| 2010s | -5.87 | -19.66 | 5.63 | 9 |
Countries ranked near Venezuela, República Bolivariana de
More economy & growth data for Venezuela, República Bolivariana de
- Real gdp growth, annual growth rate -25.42 % change on previous year (2018)
- 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)
Frequently asked questions
- What is real gdp growth in Venezuela, República Bolivariana de?
- Real gdp growth in Venezuela, República Bolivariana de was -19.66 in 2018, according to Our World in Data.
- What is the highest real gdp growth recorded in Venezuela, República Bolivariana de?
- The highest recorded value was 18.29 in 2004.
- What is the lowest real gdp growth recorded in Venezuela, República Bolivariana de?
- The lowest recorded value was -19.66 in 2018.
- How does Venezuela, República Bolivariana de rank for real gdp growth?
- Venezuela, República Bolivariana de ranks 194th out of 196 countries with data for 2018.
- Is real gdp growth rising or falling in Venezuela, República Bolivariana de?
- Over the last ten years it is down 472.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela, República Bolivariana de data come from?
- The figures come from Our World in Data, published as part of Real gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 39 observations, free to reuse under CC BY 4.0 (Our World in Data).