Services, value added in Venezuela
Venezuela: Services, value added was 0 current LCU in 2011. ◆ Volatile
Services, value added in Venezuela, 1968–2011
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2011, services, value added in Venezuela stood at 0 current LCU. That is the lowest value across all 44 years on record.
Over the whole period, services, value added in Venezuela peaked at 0.0074 current LCU in 1990 and was at its lowest, 0 current LCU, in 1991.
Venezuela ranks 206th of 206 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 | current LCU | Change |
|---|---|---|
| 1968 | 0.0003 current LCU | — |
| 1969 | 0.0003 current LCU | +9.0% |
| 1970 | 0.0003 current LCU | +7.2% |
| 1971 | 0.0003 current LCU | +10.9% |
| 1972 | 0.0004 current LCU | +11.8% |
| 1973 | 0.0004 current LCU | +12.2% |
| 1974 | 0.0005 current LCU | +20.8% |
| 1975 | 0.0006 current LCU | +25.1% |
| 1976 | 0.0007 current LCU | +18.5% |
| 1977 | 0.0009 current LCU | +19.1% |
| 1978 | 0.001 current LCU | +14.0% |
| 1979 | 0.0011 current LCU | +12.2% |
| 1980 | 0.0014 current LCU | +20.0% |
| 1981 | 0.0016 current LCU | +17.0% |
| 1982 | 0.0017 current LCU | +6.3% |
| 1983 | 0.0018 current LCU | +4.2% |
| 1984 | 0.0016 current LCU | -11.4% |
| 1985 | 0.0018 current LCU | +12.7% |
| 1986 | 0.0021 current LCU | +17.1% |
| 1987 | 0.0027 current LCU | +30.2% |
| 1988 | 0.0035 current LCU | +28.8% |
| 1989 | 0.0052 current LCU | +48.9% |
| 1990 | 0.0074 current LCU | +42.6% |
| 1991 | 0 current LCU | -100.0% |
| 1992 | 0 current LCU | — |
| 1993 | 0 current LCU | — |
| 1994 | 0 current LCU | — |
| 1995 | 0 current LCU | — |
| 1996 | 0 current LCU | — |
| 1997 | 0 current LCU | — |
| 1998 | 0 current LCU | — |
| 1999 | 0 current LCU | — |
| 2000 | 0 current LCU | — |
| 2001 | 0 current LCU | — |
| 2002 | 0 current LCU | — |
| 2003 | 0 current LCU | — |
| 2004 | 0 current LCU | — |
| 2005 | 0 current LCU | — |
| 2006 | 0 current LCU | — |
| 2007 | 0 current LCU | — |
| 2008 | 0 current LCU | — |
| 2009 | 0 current LCU | — |
| 2010 | 0 current LCU | — |
| 2011 | 0 current LCU | — |
Venezuela compared with similar countries
- Venezuela's 0 current LCU is below the median for lower middle income countries, which is 891.96 billion current LCU. (47 countries reporting)
- Venezuela's 0 current LCU is below the median for Latin America & Caribbean, which is 74.52 billion current LCU. (39 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 |
|---|---|---|---|
| 1991 | -100.0% | 0.0074 current LCU | 0 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0003 current LCU | 0.0003 current LCU | 0.0003 current LCU | 2 |
| 1970s | 0.0006 current LCU | 0.0003 current LCU | 0.0011 current LCU | 10 |
| 1980s | 0.0023 current LCU | 0.0014 current LCU | 0.0052 current LCU | 10 |
| 1990s | 0.0007 current LCU | 0 current LCU | 0.0074 current LCU | 10 |
| 2000s | 0 current LCU | 0 current LCU | 0 current LCU | 10 |
| 2010s | 0 current LCU | 0 current LCU | 0 current LCU | 2 |
Countries ranked near Venezuela
- 203 Micronesia (country) 327.49 million current LCU compare
- 204 Palau 234.96 million current LCU compare
- 205 Marshall Islands 194.35 million current LCU compare
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 current LCU in 2011, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Venezuela?
- The highest recorded value was 0.0074 current LCU in 1990.
- What is the lowest services, value added recorded in Venezuela?
- The lowest recorded value was 0 current LCU in 1991.
- How does Venezuela rank for services, value added?
- Venezuela ranks 206th out of 206 countries with data for 2011.
- 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
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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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.