Real gdp growth in Venezuela
Venezuela: Real gdp growth was -19.66 in 2018. β Volatile
Latest (2018)
-19.66
Change on year
down 25.4%
World rank
194th
of 196 countries
All-time high
18.29
in 2004
All-time low
-19.66
in 2018
Years of data
39
1980β2018
Real gdp growth in Venezuela, 1980β2018
Source: Our World in Data.
Analysis
In 2018, real gdp growth in Venezuela 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 peaked at 18.29 in 2004 and was at its lowest, -19.66, in 2018.
That places Venezuela 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.
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
More economy & growth data for Venezuela
- External balance on goods and services as a percent of gdp 4.79 (2025)
- Inflation of consumer prices 254.95 (2016)
- Gdp per capita worldbank constant usd 1,519 (2025)
- Manufacturing value added to gdp 0 (2011)
- Gdp worldbank constant usd 43.31 billion (2025)
- Gdp per capita in international and market dollars 1,519 (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 real gdp growth in Venezuela?
- Real gdp growth in Venezuela was -19.66 in 2018, according to Our World in Data.
- What is the highest real gdp growth recorded in Venezuela?
- The highest recorded value was 18.29 in 2004.
- What is the lowest real gdp growth recorded in Venezuela?
- The lowest recorded value was -19.66 in 2018.
- How does Venezuela rank for real gdp growth?
- Venezuela ranks 194th out of 196 countries with data for 2018.
- Is real gdp growth rising or falling in Venezuela?
- Over the last ten years it is down 472.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela 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 Β· JSON β 39 observations, free to reuse under CC BY 4.0 (Our World in Data).