Services, value added (% of GDP) in Venezuela
Venezuela: Services, value added (% of GDP) was 0.0% in 2011. ◆ Volatile
Services, value added in Venezuela, 1968–2011
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2011, services, value added in Venezuela stood at 0.0%. That is the lowest value across all 44 years on record.
Over the whole period, services, value added in Venezuela peaked at 61.1% in 1983 and was at its lowest, 0.0%, in 1991.
That places Venezuela 206th out of 206 countries with data for 2011, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (% of GDP) in Venezuela, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1968 | 56.9% | — |
| 1969 | 60.5% | +6.3% |
| 1970 | 57.7% | -4.6% |
| 1971 | 58.3% | +1.0% |
| 1972 | 60.6% | +3.9% |
| 1973 | 57.1% | -5.8% |
| 1974 | 45.0% | -21.2% |
| 1975 | 53.5% | +18.9% |
| 1976 | 55.4% | +3.6% |
| 1977 | 57.3% | +3.4% |
| 1978 | 60.2% | +5.0% |
| 1979 | 54.9% | -8.7% |
| 1980 | 53.9% | -1.9% |
| 1981 | 56.2% | +4.3% |
| 1982 | 58.5% | +4.1% |
| 1983 | 61.1% | +4.5% |
| 1984 | 37.4% | -38.7% |
| 1985 | 38.1% | +1.9% |
| 1986 | 42.4% | +11.2% |
| 1987 | 38.8% | -8.6% |
| 1988 | 39.8% | +2.8% |
| 1989 | 34.3% | -13.9% |
| 1990 | 32.4% | -5.5% |
| 1991 | 0.0% | -100.0% |
| 1992 | 0.0% | — |
| 1993 | 0.0% | — |
| 1994 | 0.0% | — |
| 1995 | 0.0% | — |
| 1996 | 0.0% | — |
| 1997 | 0.0% | — |
| 1998 | 0.0% | — |
| 1999 | 0.0% | — |
| 2000 | 0.0% | — |
| 2001 | 0.0% | — |
| 2002 | 0.0% | — |
| 2003 | 0.0% | — |
| 2004 | 0.0% | — |
| 2005 | 0.0% | — |
| 2006 | 0.0% | — |
| 2007 | 0.0% | — |
| 2008 | 0.0% | — |
| 2009 | 0.0% | — |
| 2010 | 0.0% | — |
| 2011 | 0.0% | — |
Venezuela compared with similar countries
- Venezuela's 0.0% is below the median for lower middle income countries, which is 51.2%. (47 countries reporting)
- Venezuela's 0.0% is below the median for Latin America & Caribbean, which is 59.8%. (39 countries reporting)
Biggest year-on-year movements
Years where Services, value added (% of GDP) 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% | 32.4% | 0.0% |
| 1984 | -38.7% | 61.1% | 37.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 58.7% | 56.9% | 60.5% | 2 |
| 1970s | 56.0% | 45.0% | 60.6% | 10 |
| 1980s | 46.0% | 34.3% | 61.1% | 10 |
| 1990s | 3.2% | 0.0% | 32.4% | 10 |
| 2000s | 0.0% | 0.0% | 0.0% | 10 |
| 2010s | 0.0% | 0.0% | 0.0% | 2 |
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0477 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Venezuela?
- Services, value added in Venezuela was 0.0% 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 61.1% in 1983.
- What is the lowest services, value added recorded in Venezuela?
- The lowest recorded value was 0.0% 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.