Services, value added (current US$) in Venezuela
Venezuela: Services, value added (current US$) was 0 current US$ in 2011. ◆ Volatile
Services, value added in Venezuela, 1968–2011
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for services, value added in Venezuela is 0 current US$, measured in 2011. That is the lowest value across all 44 years on record.
Over the whole period, services, value added in Venezuela peaked at 41.25 billion current US$ in 1983 and was at its lowest, 0 current US$, in 1991.
Venezuela ranks 206th of 206 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$) in Venezuela, year by year
| Year | current US$ | Change |
|---|---|---|
| 1968 | 5.71 billion current US$ | — |
| 1969 | 6.22 billion current US$ | +9.0% |
| 1970 | 6.68 billion current US$ | +7.2% |
| 1971 | 7.57 billion current US$ | +13.4% |
| 1972 | 8.47 billion current US$ | +11.8% |
| 1973 | 9.72 billion current US$ | +14.8% |
| 1974 | 11.74 billion current US$ | +20.8% |
| 1975 | 14.69 billion current US$ | +25.1% |
| 1976 | 17.41 billion current US$ | +18.5% |
| 1977 | 20.74 billion current US$ | +19.1% |
| 1978 | 23.65 billion current US$ | +14.0% |
| 1979 | 26.54 billion current US$ | +12.2% |
| 1980 | 31.84 billion current US$ | +20.0% |
| 1981 | 37.25 billion current US$ | +17.0% |
| 1982 | 39.59 billion current US$ | +6.3% |
| 1983 | 41.25 billion current US$ | +4.2% |
| 1984 | 22.40 billion current US$ | -45.7% |
| 1985 | 23.62 billion current US$ | +5.4% |
| 1986 | 25.65 billion current US$ | +8.6% |
| 1987 | 18.62 billion current US$ | -27.4% |
| 1988 | 23.99 billion current US$ | +28.9% |
| 1989 | 14.93 billion current US$ | -37.8% |
| 1990 | 15.75 billion current US$ | +5.5% |
| 1991 | 0 current US$ | -100.0% |
| 1992 | 0 current US$ | — |
| 1993 | 0 current US$ | — |
| 1994 | 0 current US$ | — |
| 1995 | 0 current US$ | — |
| 1996 | 0 current US$ | — |
| 1997 | 0 current US$ | — |
| 1998 | 0 current US$ | — |
| 1999 | 0 current US$ | — |
| 2000 | 0 current US$ | — |
| 2001 | 0 current US$ | — |
| 2002 | 0 current US$ | — |
| 2003 | 0 current US$ | — |
| 2004 | 0 current US$ | — |
| 2005 | 0 current US$ | — |
| 2006 | 0 current US$ | — |
| 2007 | 0 current US$ | — |
| 2008 | 0 current US$ | — |
| 2009 | 0 current US$ | — |
| 2010 | 0 current US$ | — |
| 2011 | 0 current US$ | — |
Venezuela compared with similar countries
- Venezuela's 0 current US$ is below the median for lower middle income countries, which is 12.93 billion current US$. (47 countries reporting)
- Venezuela's 0 current US$ is below the median for Latin America & Caribbean, which is 15.17 billion current US$. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (current US$) 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% | 15.75 billion current US$ | 0 current US$ |
| 1984 | -45.7% | 41.25 billion current US$ | 22.40 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.97 billion current US$ | 5.71 billion current US$ | 6.22 billion current US$ | 2 |
| 1970s | 14.72 billion current US$ | 6.68 billion current US$ | 26.54 billion current US$ | 10 |
| 1980s | 27.91 billion current US$ | 14.93 billion current US$ | 41.25 billion current US$ | 10 |
| 1990s | 1.57 billion current US$ | 0 current US$ | 15.75 billion current US$ | 10 |
| 2000s | 0 current US$ | 0 current US$ | 0 current US$ | 10 |
| 2010s | 0 current US$ | 0 current US$ | 0 current US$ | 2 |
Countries ranked near Venezuela
More economy & growth data for Venezuela
- Real gdp growth, annual growth rate -25.42 % change on previous year (2018)
- 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)
- SDRs holdings, US dollar, annual growth rate 2.6 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0458 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 159.96 units per person (2025)
- SDRs holdings, SDR, annual growth rate -2.29 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0334 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 116.8 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Venezuela?
- Services, value added in Venezuela was 0 current US$ 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 41.25 billion current US$ in 1983.
- What is the lowest services, value added recorded in Venezuela?
- The lowest recorded value was 0 current US$ 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 US$). 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 is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.