Taxes less subsidies on products (constant LCU), per unit of GDP in Venezuela
Venezuela: Taxes less subsidies on products (constant LCU), per unit of GDP was 0.026 constant LCU per US$ of GDP in 2014. ◆ Volatile
Taxes less subsidies on products (constant LCU), per unit of GDP in Venezuela, 1960–2014
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for taxes less subsidies on products (constant lcu), per unit of gdp in Venezuela is 0.026 constant LCU per US$ of GDP, measured in 2014.
That represents a change of up 9.6% on the previous year and down 14.2% over ten years.
Over the whole period, taxes less subsidies on products (constant lcu), per unit of gdp in Venezuela peaked at 0.1195 constant LCU per US$ of GDP in 1963 and was at its lowest, 0.0068 constant LCU per US$ of GDP, in 1990.
Venezuela ranks 173rd of 189 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), per unit of GDP in Venezuela, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1960 | 0.0997 constant LCU per US$ of GDP | — |
| 1961 | 0.1135 constant LCU per US$ of GDP | +13.8% |
| 1962 | 0.1155 constant LCU per US$ of GDP | +1.7% |
| 1963 | 0.1195 constant LCU per US$ of GDP | +3.5% |
| 1964 | 0.0862 constant LCU per US$ of GDP | -27.9% |
| 1965 | 0.0824 constant LCU per US$ of GDP | -4.4% |
| 1966 | 0.0855 constant LCU per US$ of GDP | +3.8% |
| 1967 | 0.0819 constant LCU per US$ of GDP | -4.3% |
| 1968 | 0.0868 constant LCU per US$ of GDP | +6.0% |
| 1969 | 0.0871 constant LCU per US$ of GDP | +0.4% |
| 1970 | 0.0873 constant LCU per US$ of GDP | +0.2% |
| 1971 | 0.0685 constant LCU per US$ of GDP | -21.5% |
| 1972 | 0.0573 constant LCU per US$ of GDP | -16.3% |
| 1973 | 0.0433 constant LCU per US$ of GDP | -24.4% |
| 1974 | 0.0237 constant LCU per US$ of GDP | -45.3% |
| 1975 | 0.0294 constant LCU per US$ of GDP | +24.1% |
| 1976 | 0.0247 constant LCU per US$ of GDP | -16.0% |
| 1977 | 0.0216 constant LCU per US$ of GDP | -12.5% |
| 1978 | 0.0162 constant LCU per US$ of GDP | -25.0% |
| 1979 | 0.0162 constant LCU per US$ of GDP | -0.1% |
| 1980 | 0.0126 constant LCU per US$ of GDP | -22.2% |
| 1981 | 0.0104 constant LCU per US$ of GDP | -17.7% |
| 1982 | 0.012 constant LCU per US$ of GDP | +15.7% |
| 1983 | 0.022 constant LCU per US$ of GDP | +83.3% |
| 1984 | 0.02 constant LCU per US$ of GDP | -9.2% |
| 1985 | 0.0148 constant LCU per US$ of GDP | -26.1% |
| 1986 | 0.0164 constant LCU per US$ of GDP | +11.1% |
| 1987 | 0.0155 constant LCU per US$ of GDP | -5.4% |
| 1988 | 0.0115 constant LCU per US$ of GDP | -25.6% |
| 1989 | 0.0076 constant LCU per US$ of GDP | -33.8% |
| 1990 | 0.0068 constant LCU per US$ of GDP | -11.5% |
| 1991 | 0.011 constant LCU per US$ of GDP | +63.0% |
| 1992 | 0.0125 constant LCU per US$ of GDP | +13.5% |
| 1993 | 0.0112 constant LCU per US$ of GDP | -10.7% |
| 1994 | 0.009 constant LCU per US$ of GDP | -19.6% |
| 1995 | 0.0085 constant LCU per US$ of GDP | -5.6% |
| 1996 | 0.0081 constant LCU per US$ of GDP | -4.6% |
| 1997 | 0.0378 constant LCU per US$ of GDP | +367.1% |
| 1998 | 0.0368 constant LCU per US$ of GDP | -2.6% |
| 1999 | 0.0333 constant LCU per US$ of GDP | -9.6% |
| 2000 | 0.0286 constant LCU per US$ of GDP | -14.1% |
| 2001 | 0.0293 constant LCU per US$ of GDP | +2.4% |
| 2002 | 0.0308 constant LCU per US$ of GDP | +5.3% |
| 2003 | 0.0266 constant LCU per US$ of GDP | -13.9% |
| 2004 | 0.0303 constant LCU per US$ of GDP | +13.9% |
| 2005 | 0.0275 constant LCU per US$ of GDP | -9.0% |
| 2006 | 0.0265 constant LCU per US$ of GDP | -3.9% |
| 2007 | 0.0248 constant LCU per US$ of GDP | -6.3% |
| 2008 | 0.019 constant LCU per US$ of GDP | -23.2% |
| 2009 | 0.0167 constant LCU per US$ of GDP | -12.3% |
| 2010 | 0.0137 constant LCU per US$ of GDP | -18.1% |
| 2011 | 0.018 constant LCU per US$ of GDP | +31.6% |
| 2012 | 0.0167 constant LCU per US$ of GDP | -7.2% |
| 2013 | 0.0237 constant LCU per US$ of GDP | +41.8% |
| 2014 | 0.026 constant LCU per US$ of GDP | +9.6% |
Venezuela compared with similar countries
- Venezuela's 0.026 constant LCU per US$ of GDP is below the median for lower middle income countries, which is 1.91 constant LCU per US$ of GDP, 1% of the median. (46 countries reporting)
- Venezuela's 0.026 constant LCU per US$ of GDP is below the median for Latin America & Caribbean, which is 0.3169 constant LCU per US$ of GDP, 8% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (constant LCU), per unit 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 |
|---|---|---|---|
| 1997 | +367.1% | 0.0081 constant LCU per US$ of GDP | 0.0378 constant LCU per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.0958 constant LCU per US$ of GDP | 0.0819 constant LCU per US$ of GDP | 0.1195 constant LCU per US$ of GDP | 10 |
| 1970s | 0.0388 constant LCU per US$ of GDP | 0.0162 constant LCU per US$ of GDP | 0.0873 constant LCU per US$ of GDP | 10 |
| 1980s | 0.0143 constant LCU per US$ of GDP | 0.0076 constant LCU per US$ of GDP | 0.022 constant LCU per US$ of GDP | 10 |
| 1990s | 0.0175 constant LCU per US$ of GDP | 0.0068 constant LCU per US$ of GDP | 0.0378 constant LCU per US$ of GDP | 10 |
| 2000s | 0.026 constant LCU per US$ of GDP | 0.0167 constant LCU per US$ of GDP | 0.0308 constant LCU per US$ of GDP | 10 |
| 2010s | 0.0196 constant LCU per US$ of GDP | 0.0137 constant LCU per US$ of GDP | 0.026 constant LCU per US$ of GDP | 5 |
Countries ranked near Venezuela
- 170 Ireland 0.0354 constant LCU per US$ of GDP compare
- 171 Cayman Islands 0.0351 constant LCU per US$ of GDP compare
- 172 Bermuda 0.031 constant LCU per US$ of GDP compare
- 174 Panama 0.0258 constant LCU per US$ of GDP compare
- 175 Marshall Islands 0.0246 constant LCU per US$ of GDP compare
- 176 Switzerland 0.0195 constant LCU per US$ of GDP 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$), annual growth rate -3.51 % change on previous year (2017)
Frequently asked questions
- What is taxes less subsidies on products (constant lcu), per unit of gdp in Venezuela?
- Taxes less subsidies on products (constant lcu), per unit of gdp in Venezuela was 0.026 constant LCU per US$ of GDP in 2014, according to Statizoid (derived).
- What is the highest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Venezuela?
- The highest recorded value was 0.1195 constant LCU per US$ of GDP in 1963.
- What is the lowest taxes less subsidies on products (constant lcu), per unit of gdp recorded in Venezuela?
- The lowest recorded value was 0.0068 constant LCU per US$ of GDP in 1990.
- How does Venezuela rank for taxes less subsidies on products (constant lcu), per unit of gdp?
- Venezuela ranks 173rd out of 189 countries with data for 2014.
- Is taxes less subsidies on products (constant lcu), per unit of gdp rising or falling in Venezuela?
- Over the last ten years it is down 14.2%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes less subsidies on products (constant LCU) ÷ GDP (current US$)
Computed from
- Taxes less subsidies on products Country official statistics, National Statistical Organizations and/or Central Banks
- GDP 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
Taxes less subsidies on products (constant LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.