Taxes less subsidies on products (constant LCU), annual growth rate in Venezuela
Venezuela: Taxes less subsidies on products (constant LCU), annual growth rate was -8.9 % change on previous year in 2014. ◆ Volatile
Taxes less subsidies on products (constant LCU), annual growth rate in Venezuela, 1961–2014
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Venezuela recorded -8.9 % change on previous year for taxes less subsidies on products (constant lcu), annual growth rate in 2014.
The figure is down 525.2% on the previous year and down 116.7% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), annual growth rate in Venezuela peaked at 468.34 % change on previous year in 1997 and was at its lowest, -52.16 % change on previous year, in 1989.
Venezuela ranks 179th of 188 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes less subsidies on products (constant LCU), annual growth rate in Venezuela, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 19.82 % change on previous year | — |
| 1962 | 11.14 % change on previous year | -43.8% |
| 1963 | 12.84 % change on previous year | +15.3% |
| 1964 | -38.54 % change on previous year | -400.2% |
| 1965 | -1.67 % change on previous year | -95.7% |
| 1966 | 8.18 % change on previous year | -591.4% |
| 1967 | 0.8403 % change on previous year | -89.7% |
| 1968 | 15 % change on previous year | +1685.2% |
| 1969 | 2.9 % change on previous year | -80.7% |
| 1970 | 12.68 % change on previous year | +337.3% |
| 1971 | -11.87 % change on previous year | -193.7% |
| 1972 | -9.93 % change on previous year | -16.4% |
| 1973 | -7.87 % change on previous year | -20.7% |
| 1974 | -16.24 % change on previous year | +106.2% |
| 1975 | 30.61 % change on previous year | -288.5% |
| 1976 | -3.91 % change on previous year | -112.8% |
| 1977 | 0.8131 % change on previous year | -120.8% |
| 1978 | -18.55 % change on previous year | -2381.3% |
| 1979 | 22.77 % change on previous year | -222.8% |
| 1980 | -4.84 % change on previous year | -121.2% |
| 1981 | -7.65 % change on previous year | +58.0% |
| 1982 | 18.16 % change on previous year | -337.5% |
| 1983 | 82.81 % change on previous year | +356.1% |
| 1984 | -19.49 % change on previous year | -123.5% |
| 1985 | -23.48 % change on previous year | +20.5% |
| 1986 | 8.48 % change on previous year | -136.1% |
| 1987 | -24.95 % change on previous year | -394.3% |
| 1988 | -6.71 % change on previous year | -73.1% |
| 1989 | -52.16 % change on previous year | +677.8% |
| 1990 | -1.23 % change on previous year | -97.6% |
| 1991 | 79.28 % change on previous year | -6527.4% |
| 1992 | 28.33 % change on previous year | -64.3% |
| 1993 | -11.23 % change on previous year | -139.6% |
| 1994 | -21.78 % change on previous year | +94.0% |
| 1995 | 25 % change on previous year | -214.8% |
| 1996 | -13.01 % change on previous year | -152.0% |
| 1997 | 468.34 % change on previous year | -3699.8% |
| 1998 | 3.69 % change on previous year | -99.2% |
| 1999 | -3.01 % change on previous year | -181.5% |
| 2000 | 2.72 % change on previous year | -190.5% |
| 2001 | 7.48 % change on previous year | +174.6% |
| 2002 | -20.4 % change on previous year | -372.6% |
| 2003 | -22.49 % change on previous year | +10.3% |
| 2004 | 53.22 % change on previous year | -336.6% |
| 2005 | 17.79 % change on previous year | -66.6% |
| 2006 | 21.16 % change on previous year | +19.0% |
| 2007 | 17.59 % change on previous year | -16.9% |
| 2008 | 5.28 % change on previous year | -70.0% |
| 2009 | -8.46 % change on previous year | -260.2% |
| 2010 | -2.31 % change on previous year | -72.7% |
| 2011 | 5.93 % change on previous year | -356.9% |
| 2012 | 9.07 % change on previous year | +52.9% |
| 2013 | -1.42 % change on previous year | -115.7% |
| 2014 | -8.9 % change on previous year | +525.2% |
Venezuela compared with similar countries
- Venezuela's -8.9 % change on previous year is below the median for lower middle income countries, which is 4.35 % change on previous year. (46 countries reporting)
- Venezuela's -8.9 % change on previous year is below the median for Latin America & Caribbean, which is 2.7 % change on previous year. (37 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), annual growth rate 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 | +6527.4% | -1.23 % change on previous year | 79.28 % change on previous year |
| 1997 | +3699.8% | -13.01 % change on previous year | 468.34 % change on previous year |
| 1978 | -2381.3% | 0.8131 % change on previous year | -18.55 % change on previous year |
| 1968 | +1685.2% | 0.8403 % change on previous year | 15 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.39 % change on previous year | -38.54 % change on previous year | 19.82 % change on previous year | 9 |
| 1970s | -0.1498 % change on previous year | -18.55 % change on previous year | 30.61 % change on previous year | 10 |
| 1980s | -2.98 % change on previous year | -52.16 % change on previous year | 82.81 % change on previous year | 10 |
| 1990s | 55.44 % change on previous year | -21.78 % change on previous year | 468.34 % change on previous year | 10 |
| 2000s | 7.39 % change on previous year | -22.49 % change on previous year | 53.22 % change on previous year | 10 |
| 2010s | 0.4727 % change on previous year | -8.9 % change on previous year | 9.07 % change on previous year | 5 |
Countries ranked near Venezuela
- 176 Bahamas -7.07 % change on previous year compare
- 177 Lebanon -7.62 % change on previous year compare
- 178 Bangladesh -8.47 % change on previous year compare
- 180 Zambia -9.14 % change on previous year compare
- 181 Greenland -9.21 % change on previous year compare
- 182 Cuba -9.69 % change on previous year 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 taxes less subsidies on products (constant lcu), annual growth rate in Venezuela?
- Taxes less subsidies on products (constant lcu), annual growth rate in Venezuela was -8.9 % change on previous year in 2014, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), annual growth rate recorded in Venezuela?
- The highest recorded value was 468.34 % change on previous year in 1997.
- What is the lowest taxes less subsidies on products (constant lcu), annual growth rate recorded in Venezuela?
- The lowest recorded value was -52.16 % change on previous year in 1989.
- How does Venezuela rank for taxes less subsidies on products (constant lcu), annual growth rate?
- Venezuela ranks 179th out of 188 countries with data for 2014.
- Is taxes less subsidies on products (constant lcu), annual growth rate rising or falling in Venezuela?
- Over the last ten years it is down 116.7%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from Statizoid (derived), published as part of Taxes less subsidies on products (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Taxes less subsidies on products (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.