Taxes less subsidies on products (current LCU) in Venezuela
Venezuela: Taxes less subsidies on products (current LCU) was 0 current LCU in 2011. ◆ Volatile
Taxes less subsidies on products in Venezuela, 1968–2011
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
In 2011, taxes less subsidies on products in Venezuela stood at 0 current LCU. That is the lowest value across all 44 years on record.
Over the whole period, taxes less subsidies on products in Venezuela peaked at 0.0005 current LCU in 1989 and was at its lowest, 0 current LCU, in 1991.
That places Venezuela 192nd out of 199 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.
Taxes less subsidies on products (current LCU) in Venezuela, year by year
| Year | current LCU | Change |
|---|---|---|
| 1968 | 0 current LCU | — |
| 1969 | 0 current LCU | +4.3% |
| 1970 | 0 current LCU | +16.3% |
| 1971 | 0 current LCU | +1.8% |
| 1972 | 0 current LCU | -6.9% |
| 1973 | 0 current LCU | +0.0% |
| 1974 | 0 current LCU | +25.9% |
| 1975 | 0 current LCU | +35.3% |
| 1976 | 0 current LCU | +2.2% |
| 1977 | 0.0001 current LCU | +10.6% |
| 1978 | 0 current LCU | -11.5% |
| 1979 | 0.0001 current LCU | +41.3% |
| 1980 | 0.0001 current LCU | +23.1% |
| 1981 | 0.0001 current LCU | +5.0% |
| 1982 | 0.0001 current LCU | +15.5% |
| 1983 | 0.0002 current LCU | +109.3% |
| 1984 | 0.0002 current LCU | -7.5% |
| 1985 | 0.0002 current LCU | +17.2% |
| 1986 | 0.0001 current LCU | -73.3% |
| 1987 | 0.0003 current LCU | +456.4% |
| 1988 | 0.0002 current LCU | -42.1% |
| 1989 | 0.0005 current LCU | +158.6% |
| 1990 | 0.0003 current LCU | -32.0% |
| 1991 | 0 current LCU | -100.0% |
| 1992 | 0 current LCU | — |
| 1993 | 0 current LCU | — |
| 1994 | 0 current LCU | — |
| 1995 | 0 current LCU | — |
| 1996 | 0 current LCU | — |
| 1997 | 0 current LCU | — |
| 1998 | 0 current LCU | — |
| 1999 | 0 current LCU | — |
| 2000 | 0 current LCU | — |
| 2001 | 0 current LCU | — |
| 2002 | 0 current LCU | — |
| 2003 | 0 current LCU | — |
| 2004 | 0 current LCU | — |
| 2005 | 0 current LCU | — |
| 2006 | 0 current LCU | — |
| 2007 | 0 current LCU | — |
| 2008 | 0 current LCU | — |
| 2009 | 0 current LCU | — |
| 2010 | 0 current LCU | — |
| 2011 | 0 current LCU | — |
Venezuela compared with similar countries
- Venezuela's 0 current LCU is below the median for lower middle income countries, which is 101.04 billion current LCU. (46 countries reporting)
- Venezuela's 0 current LCU is below the median for Latin America & Caribbean, which is 10.36 billion current LCU. (38 countries reporting)
Biggest year-on-year movements
Years where Taxes less subsidies on products (current LCU) 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 |
|---|---|---|---|
| 1987 | +456.4% | 0.0001 current LCU | 0.0003 current LCU |
| 1989 | +158.6% | 0.0002 current LCU | 0.0005 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0 current LCU | 0 current LCU | 0 current LCU | 2 |
| 1970s | 0 current LCU | 0 current LCU | 0.0001 current LCU | 10 |
| 1980s | 0.0002 current LCU | 0.0001 current LCU | 0.0005 current LCU | 10 |
| 1990s | 0 current LCU | 0 current LCU | 0.0003 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
- 189 Isle of Man 17.90 million current LCU
- 190 Marshall Islands 12.05 million current LCU compare
- 191 Tuvalu 7.48 million current LCU compare
- 192 Channel Islands 0 current LCU
- 194 Kiribati -10.45 million current LCU compare
- 195 East Timor -34.79 million current LCU 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)
- 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 taxes less subsidies on products in Venezuela?
- Taxes less subsidies on products in Venezuela was 0 current LCU in 2011, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest taxes less subsidies on products recorded in Venezuela?
- The highest recorded value was 0.0005 current LCU in 1989.
- What is the lowest taxes less subsidies on products recorded in Venezuela?
- The lowest recorded value was 0 current LCU in 1991.
- How does Venezuela rank for taxes less subsidies on products?
- Venezuela ranks 192nd out of 199 countries with data for 2011.
- Where does this Venezuela data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Taxes less subsidies on products (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes less subsidies on products are taxes payable per unit of a good or service. 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.