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 187th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Venezuela, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1969 | 6.2% | — |
| 1970 | 0.6% | -90.9% |
| 1971 | 6.5% | +1057.2% |
| 1972 | 7.0% | +6.9% |
| 1973 | 7.7% | +10.1% |
| 1974 | 10.4% | +35.9% |
| 1975 | 12.9% | +23.3% |
| 1976 | 11.3% | -12.2% |
| 1977 | 8.3% | -26.4% |
| 1978 | 2.0% | -76.3% |
| 1979 | -1.5% | -174.4% |
| 1980 | -4.4% | +197.9% |
| 1981 | 0.5% | -112.3% |
| 1982 | 3.3% | +513.5% |
| 1983 | -11.8% | -457.3% |
| 1984 | -3.2% | -72.4% |
| 1985 | 3.6% | -210.3% |
| 1986 | 4.7% | +31.6% |
| 1987 | 6.8% | +43.3% |
| 1988 | 6.8% | +0.3% |
| 1989 | -11.6% | -271.5% |
| 1990 | 4.1% | -134.9% |
| 1991 | 7.2% | +77.9% |
| 1992 | 5.3% | -26.1% |
| 1993 | -1.3% | -124.6% |
| 1994 | -2.7% | +107.6% |
| 1995 | 2.1% | -178.7% |
| 1996 | -2.7% | -224.3% |
| 1997 | -0.1% | -95.7% |
| 1998 | -0.1% | -1.3% |
| 1999 | -4.8% | +4197.7% |
| 2000 | 3.4% | -170.5% |
| 2001 | 2.8% | -16.2% |
| 2002 | -3.8% | -233.9% |
| 2003 | -3.6% | -5.6% |
| 2004 | 15.2% | -523.5% |
| 2005 | 12.2% | -19.7% |
| 2006 | 11.0% | -10.0% |
| 2007 | 11.4% | +3.6% |
| 2008 | 6.8% | -40.4% |
| 2009 | -0.8% | -112.5% |
| 2010 | -0.1% | -90.8% |
| 2011 | 5.1% | -6628.1% |
| 2012 | 19.6% | +283.5% |
| 2013 | 5.2% | -73.7% |
| 2014 | -0.4% | -107.0% |
Venezuela compared with similar countries
- Venezuela's -0.4% is below the median for lower middle income countries, which is 4.5%. (47 countries reporting)
- Venezuela's -0.4% is below the median for Latin America & Caribbean, which is 3.2%. (37 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Venezuela 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 |
|---|---|---|---|
| 2011 | +6628.1% | -0.1% | 5.1% |
| 1999 | -4197.7% | -0.1% | -4.8% |
| 1971 | +1057.2% | 0.6% | 6.5% |
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
- 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 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 187th out of 198 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.