Research and development expenditure as a proportion of GDP in Venezuela (Bolivarian Republic of)
Venezuela (Bolivarian Republic of): Research and development expenditure as a proportion of GDP was 0.3% in 2014. ▲ Rising
Research and development expenditure as a proportion of GDP in Venezuela (Bolivarian Republic of), 2005–2014
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Venezuela (Bolivarian Republic of) recorded 0.3% for research and development expenditure as a proportion of gdp in 2014. That is the highest value across all 10 years on record.
That represents a change of up 5.8% on the previous year and up 78.3% over ten years.
Over the whole period, research and development expenditure as a proportion of gdp in Venezuela (Bolivarian Republic of) peaked at 0.3% in 2014 and was at its lowest, 0.2%, in 2011.
That places Venezuela (Bolivarian Republic of) 78th out of 121 countries with data for 2014, putting it in the middle of the range.
Research and development expenditure as a proportion of GDP in Venezuela (Bolivarian Republic of), year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 0.2% | — |
| 2006 | 0.3% | +67.9% |
| 2007 | 0.2% | -36.6% |
| 2008 | 0.2% | +18.4% |
| 2009 | 0.2% | +0.9% |
| 2010 | 0.2% | -21.6% |
| 2011 | 0.2% | -18.7% |
| 2012 | 0.3% | +63.5% |
| 2013 | 0.3% | +27.4% |
| 2014 | 0.3% | +5.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2% | 0.2% | 0.3% | 5 |
| 2010s | 0.2% | 0.2% | 0.3% | 5 |
Countries ranked near Venezuela (Bolivarian Republic of)
- 75 Ukraine 0.4% compare
- 76 Montenegro 0.4% compare
- 77 Costa Rica 0.3% compare
- 79 Mozambique 0.3% compare
- 80 Colombia 0.3% compare
- 81 Armenia 0.3% compare
More economy & growth data for Venezuela (Bolivarian Republic of)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 4.86 % (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices -5.21 % (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 161,016 million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 14,501 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 0 million SLC (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 5,131 million USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 8.17 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ -17.94 % (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices -35.55 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 5.01 % (2024)
Frequently asked questions
- What is research and development expenditure as a proportion of gdp in Venezuela (Bolivarian Republic of)?
- Research and development expenditure as a proportion of gdp in Venezuela (Bolivarian Republic of) was 0.3% in 2014, according to United Nations Statistics Division, SDG Global Database.
- What is the highest research and development expenditure as a proportion of gdp recorded in Venezuela (Bolivarian Republic of)?
- The highest recorded value was 0.3% in 2014.
- What is the lowest research and development expenditure as a proportion of gdp recorded in Venezuela (Bolivarian Republic of)?
- The lowest recorded value was 0.2% in 2011.
- How does Venezuela (Bolivarian Republic of) rank for research and development expenditure as a proportion of gdp?
- Venezuela (Bolivarian Republic of) ranks 78th out of 121 countries with data for 2014.
- Is research and development expenditure as a proportion of gdp rising or falling in Venezuela (Bolivarian Republic of)?
- Over the last ten years it is up 78.3%. The long-run trend across the full record is rising.
- Where does this Venezuela (Bolivarian Republic of) data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Research and development expenditure as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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