Revenue from corporate income taxes as a share of GDP in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Revenue from corporate income taxes as a share of GDP was 0.8% in 2015. ◆ Volatile
Latest (2015)
0.8%
Change on year
down 64.7%
World rank
155th
of 163 countries
All-time high
20.5%
in 1981
All-time low
0.8%
in 2015
Years of data
33
1980–2015
Revenue from corporate income taxes as a share of GDP in Venezuela, Bolivarian Republic of, 1980–2015
Source: International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for revenue from corporate income taxes as a share of gdp in Venezuela, Bolivarian Republic of is 0.8%, measured in 2015. That is the lowest value across all 33 years on record.
Compared with earlier readings it is down 64.7% on the previous year and down 78.6% over ten years.
Over the whole period, revenue from corporate income taxes as a share of gdp in Venezuela, Bolivarian Republic of peaked at 20.5% in 1981 and was at its lowest, 0.8%, in 2015.
Venezuela, Bolivarian Republic of ranks 155th of 163 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Revenue from corporate income taxes as a share of GDP in Venezuela, Bolivarian Republic of, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 14.5% | — |
| 1981 | 20.5% | +41.9% |
| 1982 | 13.9% | -32.1% |
| 1983 | 11.8% | -15.2% |
| 1984 | 14.2% | +20.2% |
| 1985 | 13.8% | -3.0% |
| 1986 | 8.7% | -36.9% |
| 1990 | 13.8% | +58.8% |
| 1991 | 13.7% | -1.0% |
| 1992 | 8.2% | -39.8% |
| 1993 | 6.7% | -18.6% |
| 1994 | 5.2% | -21.6% |
| 1995 | 4.2% | -19.3% |
| 1996 | 5.8% | +36.9% |
| 1997 | 7.5% | +30.1% |
| 1998 | 1.3% | -82.6% |
| 1999 | 2.2% | +67.6% |
| 2000 | 4.2% | +91.7% |
| 2001 | 2.5% | -39.9% |
| 2002 | 0.9% | -63.8% |
| 2003 | 1.5% | +59.6% |
| 2004 | 1.8% | +22.2% |
| 2005 | 3.7% | +105.2% |
| 2006 | 4.0% | +8.7% |
| 2007 | 4.0% | +0.9% |
| 2008 | 2.6% | -34.8% |
| 2009 | 1.8% | -30.5% |
| 2010 | 0.9% | -53.3% |
| 2011 | 1.2% | +42.1% |
| 2012 | 1.4% | +15.0% |
| 2013 | 1.1% | -19.6% |
| 2014 | 2.2% | +98.2% |
| 2015 | 0.8% | -64.7% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 0.8% is below the median for lower middle income countries, which is 2.3%, 34% of the median. (38 countries reporting)
- Venezuela, Bolivarian Republic of's 0.8% is below the median for Latin America & Caribbean, which is 2.7%, 29% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 13.9% | 8.7% | 20.5% | 7 |
| 1990s | 6.9% | 1.3% | 13.8% | 10 |
| 2000s | 2.7% | 0.9% | 4.2% | 10 |
| 2010s | 1.3% | 0.8% | 2.2% | 6 |
Countries ranked near Venezuela, Bolivarian Republic of
- 152 Haiti 0.9% compare
- 153 Afghanistan 0.9% compare
- 154 Uganda 0.8% compare
- 156 Sierra Leone 0.8% compare
- 157 Mozambique 0.7% compare
- 158 Madagascar 0.7% compare
More economy & growth data for Venezuela, Bolivarian Republic of
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.60 billion BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0216 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 91.64 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 1.63 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -99.45 % change on previous year (2023)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0135 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 57.47 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is revenue from corporate income taxes as a share of gdp in Venezuela, Bolivarian Republic of?
- Revenue from corporate income taxes as a share of gdp in Venezuela, Bolivarian Republic of was 0.8% in 2015, according to International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data.
- What is the highest revenue from corporate income taxes as a share of gdp recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 20.5% in 1981.
- What is the lowest revenue from corporate income taxes as a share of gdp recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 0.8% in 2015.
- How does Venezuela, Bolivarian Republic of rank for revenue from corporate income taxes as a share of gdp?
- Venezuela, Bolivarian Republic of ranks 155th out of 163 countries with data for 2015.
- Is revenue from corporate income taxes as a share of gdp rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is down 78.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data, published as part of Revenue from corporate income taxes as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Corporate income taxes include natural resources taxes.