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 205th of 205 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 | 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
- 202 Micronesia (country) 327.49 million current LCU compare
- 203 Palau 234.96 million current LCU compare
- 204 Marshall Islands 194.35 million current LCU compare
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 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 205th out of 205 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.