Services, value added in Venezuela
Venezuela: Services, value added was -0.4% in 2014. ◆ Volatile
Services, value added in Venezuela, 1969–2014
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for services, value added in Venezuela is -0.4%, measured in 2014.
Compared with earlier readings it is down 107.0% on the previous year and down 102.4% over ten years.
Over the whole period, services, value added in Venezuela peaked at 19.6% in 2012 and was at its lowest, -11.8%, in 1983.
Venezuela ranks 184th of 195 countries on this measure, 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 |
|---|---|---|---|---|
| 1960s | 6.2% | 6.2% | 6.2% | 1 |
| 1970s | 6.5% | -1.5% | 12.9% | 10 |
| 1980s | -0.5% | -11.8% | 6.8% | 10 |
| 1990s | 0.7% | -4.8% | 7.2% | 10 |
| 2000s | 5.5% | -3.8% | 15.2% | 10 |
| 2010s | 5.9% | -0.4% | 19.6% | 5 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- External balance on goods and services as a percent of GDP 4.8% (2025)
- Inflation of consumer prices 254.9% (2016)
- GDP per capita 1,519 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 0.0% (2011)
- Gross domestic product (GDP) 43.31 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 1,519 constant 2015 US$ (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 services, value added in Venezuela?
- Services, value added in Venezuela was -0.4% in 2014, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Venezuela?
- The highest recorded value was 19.6% in 2012.
- What is the lowest services, value added recorded in Venezuela?
- The lowest recorded value was -11.8% in 1983.
- How does Venezuela rank for services, value added?
- Venezuela ranks 184th out of 195 countries with data for 2014.
- Is services, value added rising or falling in Venezuela?
- Over the last ten years it is down 102.4%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.